2017 RANKING & REVIEWS
TOP RANKING CREDIT CARDS FOR BUSINESSES


Finding the Best Company Credit Card 

Did you know that a company credit card can help your business in a number of ways? A company credit card will provide you with access to a revolving line of credit, similar to a personal credit card. However, a corporate credit card will give you a higher credit limit. This enables you to manage larger costs, such as inventory, leasing and facility expenses, and equipment costs.

Clearly, others also see the benefit as there were 13.9 million business credit card accounts in 2015. 80% of applicants reported that they were approved for a corporate credit card, and these card owners are reaping the benefits of business rewards credit cards. These cash back business credit cards allow you to earn cash back or points on most transactions.

Award Emblem: Top 6 Corporate Credit Cards

Last year, corporate credit cards racked up $430 billion in spending. If those cards earned just 1% cash back, that is $43 billion in rewards. When you look at the fact that just 29% of business owners use the reward dollars for business expenses, you begin to see the true incentive behind having the best cash back business credit cards. Who doesn’t love earning free flights, gift cards, and other rewards for purchases that they would be making regardless?

Before looking into how to apply for a business credit card, you have to choose the best corporate rewards card for your business. However, the search for a corporate purchasing card is not easy.

No one wants to do a business credit card comparison on their own. This could lead to wasting hours of time in order to compare business credit cards, which is why we, at AdvisoryHQ, have put together a list of the top 6 business rewards credit cards to help you determine the best corporate credit card for you. 

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AdvisoryHQ’s List of the Top 6 Best Cash Back Business Credit Cards

List is sorted alphabetically (click any of the credit card names below to go directly to the detailed review section for that credit card):


Top 6 Best Corporate Credit Cards| Brief Comparison

Credit Card Names

APR

Intro APR Offer

Annual Fee

Type of Credit Needed

Foreign Transaction Fee

American Express SimplyCash® Plus Business Credit Card

12.49
-19.49%

0% for 9 months

None

Good – Great – Excellent

2.7%

Bank of America Cash Rewards for Business MasterCard®

11.49
-21.49%

0% for 9 months

None

Good – Great – Excellent

3.0%

Capital One Spark Miles

17.24%

None

$59

Excellent

None

Capital One Spark Classic

13.24
-21.14%

0% for 9 months

None

No Credit, Poor, Bad, Average

N/A

Chase Ink Cash®

13.49- 19.49%

0% for 12 months

None

Good – Great – Excellent

3.0%

Chase Ink Plus®

15.49- 19.49%

None

$95

Good – Great – Excellent

None

Table: Top 6 Best Cash Back Business Credit Cards| Above list is sorted alphabetically



Detailed Overview of What to Look for in a Corporate Rewards Card

Before even considering how to apply for a business credit card, you first need to learn more about them and determine what features are best. During your business credit card comparison, you will see corporate credit cards with different features. When looking for the best cash back business credit cards, there are a few things that you should be looking for:

  • No annual fee
  • Low APR
  • Additional cards for employees
  • Continual cash back & rewards
  • No foreign transaction fees
  • Signing bonus offer
  • Intro APR offer

Image Source: Pixabay

The best corporate credit cards will have incentives to use them, low APRs, no foreign transactions fees, no annual fees, and possibly even an intro APR offer. While this is the ideal company credit card, the best corporate purchasing card that you find might not have all of these features. When selecting from our list of best cash back business credit cards, choose a card that fits your business and financial situation best.

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Detailed Overview of Why the Best Cash Back Business Credit Cards Are So Beneficial

You may be wondering why having a company credit card is so beneficial, so we will break it down for you:

  • Convenience: Corporate credit cards give you access to funds quickly for purchases or withdrawals.
  • Easy Qualification: It is often easier to get a credit card than a loan or line of credit, especially if you don’t have strong credit.
  • Financial Cushion: A company credit card provides a cushion when your business is short on cash.
  • Online Ease: With so much being done online these days, the best corporate credit cards will help make online transactions much easier.
  • Incentives and Rewards: The best cash back business credit cards make it worthwhile to use them. You will earn cash back on purchases you would have made anyways.

Overall, having one of the best cash back business credit cards in your pocket can make things run more smoothly for your company throughout the year. It provides a financial cushion when you need it, and you will be able to enjoy the cash back rewards as well.



Selection Methodology

What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services and products that are ranked on its various top rated lists?

Please click here “AdvisoryHQ's Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top rated credit cards, financial accounts, firms, products, and services.


Detailed Review – Top Ranking Best Corporate Credit Cards

Below, please find the detailed review of each card on our list of best cash back business credit cards. We have highlighted some of the factors that allowed these business rewards credit cards to score so high in our selection ranking.



American Express SimplyCash® Plus Business Credit Card Review


The American Express SimplyCash® Plus Business Credit Card is one of the best business rewards credit cards. This card boasts a 0% APR intro offer that lasts for 9 months, and after that, you will see a variable APR between 12.49% and 19.49%. One benefit is that you won’t ever have an annual fee. If you plan to use your corporate rewards card internationally, this isn’t the card for you, as it charges 2.7% on foreign transactions.

Credit Card Rewards

This is one of the best cash back business credit cards. You will earn 5% cash back on wireless telephone services and office supply stores in the U.S., 3% on 1 category of your choice, and 1% on every other purchase. As a bonus, you can earn a $250 statement credit by spending $5,000 in the first 6 months and an additional $250 by spending $10,000 in the first year. The flexibility of this card is almost unparalleled by the other best corporate credit cards.



Bank of America Cash Rewards for Business MasterCard® Review


If you want one of the best corporate credit cards for your business, the Bank of America Cash Rewards for Business MasterCard® credit card will not disappoint. Like American Express, Bank of America offers 9 months of 0% APR to new cardholders. The APR for this company credit card then rises between 11.49% and 21.49% for purchases and balance transfers. If you don’t like annual fees, the Bank of America Cash Rewards for Business MasterCard® credit card shines here as well.

Credit Card Rewards

You can earn rewards very quickly and easily with this company credit card. You will earn 3% cash back at gas stations and office supply stores up to $250,000 every year. You will also earn 2% at restaurants and 1% on all other purchases. These points can be redeemed as a statement credit, or you can deposit them into a Bank of America savings or checking account. This is one of the best cash back business credit cards because you can easily earn a $200 statement credit after spending just $500 in the first 60 days. 

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Capital One Spark Miles for Business Review


In the hunt for the best corporate credit cards, the Capital One Spark Miles credit card easily makes our list, especially since it charges no foreign transaction fee. Though there is an annual fee of $59 that is waived the first year, the generous rewards help you quickly recoup this. You’ll see an APR of 17.24% on purchases and balance transfers, and 23.24% on cash advances. One drawback is that you will need excellent credit to qualify for this company credit card.

Credit Card Rewards

This is one of the best cash back business credit cards because it offers a bonus of 50,000 miles if you spend $4,500 in the first three months. You’ll also earn 2 miles for every dollar you spend, and you can get cards for your employees at no added cost. Miles are worth about 1 penny each. You can use them to book travel through Orbitz or utilize the Purchase Eraser tool to remove travel expenses from your monthly credit card statement.



Capital One Spark Classic Review


The Capital One Spark Classic is a corporate rewards card that has much to offer. It provides 0% APR for 9 months, and after that, it hikes up to between 13.24% and 21.24% for purchases and balance transfers. You will not see an annual fee, and what really put this card on our list of the best corporate credit cards is that you can obtain it with no credit or poor credit. Not all business owners have stellar credit, so this is an option for anyone.

Credit Card Rewards

This is one of the best corporate credit cards if you like flexibility for earning. With no annual fee, any rewards that you rack up with this company credit card are an added bonus. Though there is no upfront signing bonus, you can earn 1% cash back for all purchases, and there is no limit to the rewards. As a bonus, you can get extra cards free for your employees. 


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Chase Ink Cash® Business Credit Card Review


The Chase Ink Cash® Business Credit Card has the best intro APR offer on the list. It will give you 12 months of 0% APR for both purchases and balance transfers. After that, it jumps up to between 13.49% and 19.49%. There are no annual fees with this company credit card, but there is a 3% foreign transaction fee.

Credit Card Rewards

The Chase Ink Cash® Business Credit Card offers a $300 bonus if you spend $3,000 in 3 months after opening the account. That beats most of the other best cash back business credit cards on the list, but you can also earn 5% cash back on up to $25,000 of office supply store and telecommunication services purchases each year. In addition to everything listed above, you will get 2% at restaurants and gas stations and 1% cash back on everything else. This company credit card is hard to beat when it comes to earning rewards. 

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Chase Ink Plus® Business Credit Card Review


If you are looking for one of the best cash back business credit cards, the Chase Ink Plus® business credit card fits the bill. There is no intro APR offer, and you will see rates between 15.49% and 19.49% for purchases and balance transfers. Cash advances come with an APR of 25.24%. There is an annual fee of $95, that Chase does not waive, but there is no foreign transaction fee.

Credit Card Rewards

If you want a bonus offer, the 60,000 points that the Chase Ink Plus® business credit card gives you is hard to beat. This company credit card gives you the bonus after spending $5,000 within 3 months of opening your account. While smaller businesses might not hit this mark, it’s great for big spenders.

Similar to the Chase Ink Cash® business credit card, you will earn 5 points per dollar spent on office supply store and telecommunications purchases. This is capped at $50,000, but you then earn 1 point for every dollar. You also earn 2 points per dollar spent at hotels and gas stations. As an incentive, this company credit card also offers free employee cards.

*** During our research for this article, Chase Ink Plus® business credit card was still a part of Chase's offer. However, it has recently been replaced with Chase Ink Business Preferred card. Chase Ink Plus® business card will remain the same for current Ink Plus® cardholders, but it will no longer be offered to prospective customers. ***


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Conclusion—Top 6 Best Company Credit Cards

Having a corporate credit card is a huge asset to your company. A corporate rewards card will not only let you manage purchases and cash flow better, it will also allow you to rack up fruitful rewards.

Once you’ve learned how to compare business credit cards, what to look for in a corporate purchasing card, and how to apply for a business credit card, all that’s left is to select one. The question is, what is the right corporate rewards card for you? After our thorough business credit card comparison, here is our breakdown of whom each card benefits most:

  • American Express SimplyCash® Plus Business Credit Card: This company credit card is great if you want flexibility in earning categories. You will earn 5% cash back on wireless telephone services and office supply stores in the U.S. and 1% on everything else. The perk is that you can choose 1 category to earn 3% on.
  • Bank of America Cash Rewards for Business MasterCard®: This is a great corporate purchasing card if you are a small business that won’t be charging a lot. The bonus of $200 is easily attainable by spending just $500 in 3 months.
  • Capital One Spark Miles: This is great if you plan to spend a lot. This corporate rewards card offers a large bonus of 50,000 points if you spend $4,500 in 3 months.
  • Capital One Spark Classic: This corporate rewards card is great if you have poor credit because the credit score requirements are much more lenient than the other corporate credit cards.
  • Chase Ink Cash®: This is the best company credit card to earn cash back quickly and easily. You will get 5% cash back on office supply store and telecommunication services, 2% at restaurants and gas stations, and 1% on everything else.
  • Chase Ink Plus®: If you are looking to do business overseas, this card has no foreign transaction fees.

It is not easy to compare business credit cards, which is why we did the hard work for you and narrowed the options for best corporate credit cards down to the top six. It is important to note that there may not be just one best company credit card for you – a few of the corporate credit cards on our list of the best cash back business credit cards might suit you just fine. Figure out what features are important to you and your business, and choose accordingly.

Read More: Top Best MasterCard Credit Cards | Ranking | MasterCard Rewards, Cash Back, Benefits and Offers



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Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.

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