Top 10 Business Credit Cards
By Richard "Rick" Callahan | Published: 2024-07-26 | Category: Business Credit Card
About Business Credit Card
Business credit cards provide companies with a dedicated line of credit for business expenses, often offering rewards, expense tracking, and tools to manage cash flow. They help separate personal and business finances and can aid in building business credit.
How We Evaluated
Providers were evaluated based on their reward programs, fee structures, annual percentage rates (APR), introductory offers, business-specific benefits, and overall value proposition for different business types.
Rating Criteria
- → Rewards Program
- → Annual Fee
- → APR Range
- → Welcome Offer
- → Business Perks
- → Customer Support
- → Accessibility
The Best Business Credit Card
Discover
Visit Website →Offers a straightforward business cash back card known for its simplicity, lack of an annual fee, and unique first-year cash back match.
Target Audience
Small Businesses, Sole Proprietors, Businesses seeking simple cash back, Startups
Service Offerings
Discover it® Business Card
Earns unlimited 1.5% cash back on all purchases.
- No annual fee
- Cashback Match: Discover automatically matches all cash back earned at the end of the first year
- Free employee cards
- Reports to major business credit bureaus
Scorecard (Overall: 7.4 / 10.0)
Pricing Model
Annual Fee
No annual fee
Variable APR
APRs vary based on creditworthiness and market rates.
Pros
- + Simple, unlimited 1.5% cash back structure
- + Excellent first-year Cashback Match welcome offer
- + No annual fee
- + Highly rated customer service
- + Reports business credit usage
Cons
- - Lower cash back rate than some competitors
- - Fewer business-specific perks or benefits
- - Discover network acceptance can be lower than Visa/Mastercard internationally
Verdict
"A great no-frills option for businesses wanting simple cash back with no annual fee, especially valuable during the first year due to the Cashback Match."
U.S. Bank
Visit Website →Provides a variety of business cards, including options with strong cash back in chosen categories and premium travel perks.
Target Audience
Small Businesses, Businesses with predictable spending patterns, Travelers
Service Offerings
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
Earns 3% cash back on gas/EV charging, office supplies, cell phone services, and restaurants. Also offers a $100 software credit.
- No annual fee
- Introductory APR offer common
- Annual $100 statement credit for recurring software subscriptions
U.S. Bank Business Altitude™ Connect World Elite Mastercard®
Travel rewards card earning 4X points on travel, 2X points at gas stations/EV charging, dining and grocery stores.
- $95 annual fee (waived first year)
- Global Entry or TSA PreCheck credit
- Priority Pass Select membership (4 visits/year)
Scorecard (Overall: 7.4 / 10.0)
Pricing Model
Annual Fee
For Business Triple Cash Rewards
Annual Fee
$95.00 / Annual
For Business Altitude Connect (waived first year)
Variable APR
APRs vary based on card, creditworthiness, and market rates.
Pros
- + Strong cash back in relevant business categories (Triple Cash)
- + Valuable $100 software credit on Triple Cash card
- + Competitive travel rewards and perks (Altitude Connect)
- + No-annual-fee options available
Cons
- - Rewards program less flexible than Amex MR or Chase UR
- - Bonus category caps may apply
- - Branch presence less extensive than largest banks
Verdict
"Offers compelling options for businesses seeking strong cash back in defined categories or solid travel rewards with reasonable fees."
Citi
Visit Website →Offers business credit cards often co-branded with partners like American Airlines or Costco, alongside general business rewards cards.
Target Audience
Small Businesses, Travelers (especially American Airlines flyers), Costco members
Service Offerings
CitiBusiness® / AAdvantage® Platinum Select® Mastercard®
Earns American Airlines AAdvantage® miles on purchases, particularly on AA flights, gas, and select business categories.
- First checked bag free on domestic AA itineraries
- Preferred boarding on AA flights
- Annual fee typically waived first year
Costco Anywhere Visa® Business Card by Citi
Provides strong cash back rates on gas (including Costco), travel, and dining. Requires Costco membership.
- 4% back on eligible gas worldwide (including Costco) up to $7k/year
- 3% back on restaurants and eligible travel
- 2% back at Costco and Costco.com
- No annual fee with paid Costco membership
Scorecard (Overall: 7.3 / 10.0)
Pricing Model
Annual Fee
$99.00 / Annual
For CitiBusiness® / AAdvantage® Platinum Select® (often waived first year)
Annual Fee
For Costco Anywhere Visa® Business (requires paid Costco membership)
Variable APR
APRs vary based on card, creditworthiness, and market rates.
Pros
- + Strong co-branded card options (AA, Costco)
- + Good earning potential in specific categories (gas, travel, AA flights)
- + Access to Citi ThankYou Rewards ecosystem on some cards
Cons
- - General business card offerings are less prominent
- - Best value often tied to specific partners (AA, Costco)
- - Customer service reviews can be mixed
Verdict
"Excellent options for businesses loyal to American Airlines or frequent Costco shoppers, providing tailored rewards and benefits."
Wells Fargo
Visit Website →Provides business credit cards focusing on straightforward rewards structures, either cash back or points, often with introductory APR offers.
Target Audience
Small Businesses, Businesses seeking simple rewards, Wells Fargo banking customers
Service Offerings
Wells Fargo Business Platinum Credit Card
Offers a choice between 1.5% cash back or 1 point per dollar spent (plus 1,000 bonus points per $1,000 spend).
- No annual fee
- Introductory APR offer often available
- Points redeemable for travel, gift cards, cash back
Wells Fargo Business Secured Credit Card
Helps businesses build or repair credit, offering 1.5% cash back on purchases.
- Requires a security deposit ($500-$25,000)
- No annual fee
- Reports to major business credit bureaus
Scorecard (Overall: 7.1 / 10.0)
Pricing Model
Annual Fee
For Business Platinum and Business Secured cards
Variable APR
APRs vary based on card, creditworthiness, and market rates.
Security Deposit
Required for the Business Secured card.
Pros
- + Simple rewards options
- + No annual fee on primary cards
- + Secured card option available for building credit
- + Large branch network
Cons
- - Rewards programs generally less lucrative than competitors
- - Fewer premium perks and benefits
- - Past reputational issues for the bank
Verdict
"A solid choice for businesses prioritizing simplicity, no annual fees, or needing a secured option to build business credit, especially if already banking with Wells Fargo."
Bank of America
Visit Website →Offers several business credit cards with flexible rewards, often enhanced for existing Bank of America or Merrill Lynch clients through the Preferred Rewards for Business program.
Target Audience
Small Businesses, Bank of America Customers, Businesses seeking cash back or travel rewards
Service Offerings
Business Advantage Customized Cash Rewards
Earn 3% cash back in a category of your choice, 2% on dining, and 1% on everything else. Bonus earning caps apply.
- No annual fee
- Potential for 25%-75% rewards bonus via Preferred Rewards for Business
- Flexible choice category (e.g., gas, office supplies, travel)
Business Advantage Travel Rewards World Mastercard®
Earns unlimited 1.5X points on all purchases and 3X points on travel booked through the Bank of America Travel Center.
- No annual fee
- No foreign transaction fees
- Potential for 25%-75% rewards bonus via Preferred Rewards for Business
Scorecard (Overall: 7.6 / 10.0)
Pricing Model
Annual Fee
For many core business cards
Variable APR
APRs vary based on card, creditworthiness, and market rates.
Pros
- + Strong rewards boost for Preferred Rewards for Business members
- + Flexible cash back category choice on Customized Cash card
- + Several no-annual-fee options
- + Widely accessible branch network
Cons
- - Rewards less competitive without Preferred Rewards status
- - Bonus categories have spending caps
- - Customer service experiences can vary
Verdict
"Particularly attractive for existing Bank of America clients who qualify for Preferred Rewards, offering enhanced value on flexible rewards cards."
Ramp
Visit Website →Corporate card and expense management platform designed to help businesses save money through automated savings insights, vendor management, and 1.5% cash back.
Target Audience
Startups, Small Businesses, Medium Businesses, Companies focused on expense control
Service Offerings
Ramp Card
Corporate charge card integrated with spend management software, offering unlimited 1.5% cash back on all purchases.
- Automated expense reporting and receipt matching
- Tools for bill payments and vendor management
- No personal guarantee required (typically)
- Requires minimum business bank balance
Scorecard (Overall: 8.1 / 10.0)
Pricing Model
Annual Fee
No annual fee for the core card and platform
Platform Fee
Optional advanced features (Ramp Plus) may incur fees.
Payment Terms
Charge card, requires payment in full, typically monthly.
Pros
- + Excellent expense management and automation features
- + Unlimited 1.5% cash back
- + No annual fee
- + Helps identify savings opportunities
- + Generally no personal guarantee
Cons
- - Requires minimum cash balance for approval
- - Cash back rate lower than some competitors' top tiers
- - Charge card model requires full payment
- - Newer company compared to traditional banks
Verdict
"Best for businesses prioritizing spend control, automation, and integrated financial software over maximizing rewards points."
Brex
Visit Website →Fintech company offering a corporate charge card primarily for venture-backed startups and tech companies, focusing on high limits and integrated expense management.
Target Audience
Startups, Tech Companies, Venture-Backed Businesses, Mid-Market Companies
Service Offerings
Brex Card
Corporate charge card with tailored rewards, no personal guarantee required, and built-in expense tracking software.
- Points multipliers on categories like Rideshare, Travel, Restaurants, Software
- Requires sufficient business bank balance
- Integrates with accounting software (QuickBooks, Xero, NetSuite)
Scorecard (Overall: 8.1 / 10.0)
Pricing Model
Annual Fee
No annual fee for the card itself
Platform Fee
May involve fees for advanced software features or bundled financial services depending on the plan.
Payment Terms
Charge card, typically requires daily or monthly payment in full.
Pros
- + No personal guarantee requirement
- + Potentially higher credit limits based on cash balance
- + Integrated expense management tools
- + No annual fee for the card
- + Tailored rewards for tech/startup spend
Cons
- - Primarily targets well-funded startups and larger businesses
- - Requires significant cash balance for eligibility
- - Not a traditional credit card (charge card)
- - Less suitable for businesses needing to carry a balance
Verdict
"A strong contender for venture-backed startups and tech companies needing high limits, integrated expense tools, and no personal guarantee."
Capital One
Visit Website →Features the Spark line of business cards, known for straightforward cash back and miles rewards with options for various credit levels.
Target Audience
Small Businesses, Businesses seeking simple rewards, Businesses with varying credit profiles
Service Offerings
Spark Cash Plus
Charge card offering unlimited 2% cash back on all purchases with no preset spending limit.
- $150 annual fee (refunded if spending $150k+)
- Requires payment in full each month
- Free employee cards
Spark Miles for Business
Earns unlimited 2X miles on every purchase, plus 5X miles on hotels and rental cars booked through Capital One Travel.
- $0 introductory annual fee for the first year, then $95
- Miles transferable to airline partners
- Global Entry or TSA PreCheck credit
Scorecard (Overall: 7.6 / 10.0)
Pricing Model
Annual Fee
$150.00 / Annual
For Spark Cash Plus (potentially refunded)
Annual Fee
$95.00 / Annual
For Spark Miles (after first year)
Variable APR
APRs vary for cards allowing a balance (e.g., Spark Miles, Spark Classic). Spark Cash Plus is a charge card.
Pros
- + Simple, flat-rate rewards structures (cash back or miles)
- + Unlimited rewards earning
- + Options available for fair/average credit (Spark Classic)
- + No foreign transaction fees on most cards
Cons
- - Miles program less robust than Amex or Chase for some
- - Spark Cash Plus is a charge card requiring full payment
- - Welcome offers can be less compelling than competitors
Verdict
"Great for businesses preferring straightforward, unlimited rewards (either cash back or miles) without complex bonus categories."
Chase
Visit Website →Provides the popular Ink Business card lineup, offering strong rewards in common business categories like travel, advertising, and office supplies.
Target Audience
Small Businesses, Medium Businesses, Consultants, Service Providers
Service Offerings
Ink Business Preferred® Credit Card
Earns 3X points on travel, shipping, internet/cable/phone services, and advertising purchases (up to $150k combined annually).
- Valuable Ultimate Rewards points
- Cell phone protection
- Points are worth 25% more when redeemed for travel through Chase
Ink Business Unlimited® Credit Card
Simple cash back card offering unlimited 1.5% cash back on all purchases with no annual fee.
- Introductory APR offer often available
- Free employee cards
- Can pool points with other Chase Ultimate Rewards cards
Scorecard (Overall: 8.1 / 10.0)
Pricing Model
Annual Fee
$95.00 / Annual
For Ink Business Preferred®
Annual Fee
For Ink Business Unlimited®
Variable APR
APRs vary based on card, creditworthiness, and market rates.
Pros
- + Versatile Ultimate Rewards program
- + Strong earning rates in key business categories
- + Generous sign-up bonuses
- + Options with no annual fee
Cons
- - Spending caps on some bonus categories
- - Requires good to excellent credit
Verdict
"Excellent choice for businesses spending significantly in specific categories like travel, advertising, or utilities, offering flexible and valuable rewards."
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American Express
Visit Website →Offers a wide range of business cards known for premium rewards, travel perks, and strong customer service, catering to various spending habits.
Target Audience
Small Businesses, Medium Businesses, Travelers, High Spenders
Service Offerings
Business Platinum Card®
Premium travel card with extensive lounge access, statement credits, and high points earning on flights and hotels.
- 5X points on flights and prepaid hotels booked on amextravel.com
- Various statement credits (Dell, Indeed, Adobe, wireless)
- Global Lounge Collection access
Blue Business® Plus Credit Card
No annual fee card earning 2X points on everyday business purchases up to $50,000 per year, then 1X.
- Flexible Membership Rewards points
- Introductory APR offer often available
- Expanded Buying Power feature
Scorecard (Overall: 8.1 / 10.0)
Pricing Model
Annual Fee
$695.00 / Annual
For Business Platinum Card®
Annual Fee
For Blue Business® Plus
Variable APR
APRs vary based on card, creditworthiness, and market rates.
Pros
- + Excellent rewards programs (Membership Rewards)
- + Premium travel benefits on certain cards
- + Strong customer service reputation
- + Generous welcome offers often available
Cons
- - High annual fees on premium cards
- - Good to excellent credit typically required
- - Acceptance can be less universal than Visa/Mastercard internationally
Verdict
"Ideal for businesses seeking premium rewards, especially for travel, and willing to pay higher annual fees for top-tier benefits."
Final Recommendation
The business credit card market offers diverse options, from premium travel rewards cards by American Express and Chase to simple cash back solutions from Capital One and Discover. Fintechs like Brex and Ramp provide integrated expense management, appealing to tech-focused companies. Choosing the right card depends on spending patterns, reward preferences, tolerance for annual fees, and need for specific perks or software integration.