If you’re after the highest rate of cash back alone, it’s possible that another card would provide more value. Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more. The World of Hyatt Business Credit Card marries an ongoing earnings structure with the ability to use card spending as an extra boost toward earning status with the chain. At 18 he ran away and saw the world with a backpack and a credit card, discovering that the true value of any point or mile is the experience it facilitates. He remains most at home on a tractor, but has learned that opportunity is where he finds it and discomfort is more interesting than complacency. Information provided on Forbes Advisor is for educational purposes only.

Our expert recommendations will help you choose the best small business cards that fit your spending style, rewards preferences, and financial goals. An important thing to remember when considering both business and personal credit is that making payments on time is crucial to avoid damaging your credit score. Qualify for a business credit card; if you’re a sole proprietor with a small business or side gig, you can usually enter your Social Security number instead. Unlimited 1.5% earning rate on all eligible purchases, no matter the category.

How many credit cards should a small business have?

Read ourInk Business Unlimited® Credit Card reviewor jump back to thiscard’s offer details. Read ourInk Business Cash® Credit Card reviewor jump back to thiscard’s offer details. You can’t transfer points to airline or hotel loyalty programs, limiting your rewards value. You can redeem for travel or cash back without worrying about point values — points are worth a flat 1 cent each either way.

• Hilton Gold elite status with perks like a 20% point bonus on qualifying spending, a fifth night free on standard room award stays of five nights or more, room upgrades and free breakfast at most properties.
• It’s especially questionable if you’re not making a lot of money yet and you’ve been able to utilize your personal credit card for the expenses you’ve incurred so far.
• You can also book trips through the Chase travel portal, which has dozens of offers from other companies beyond their travel partners.
• This card earns 1.5% cash back on every purchase, while other cards only offer 1% on most purchases outside of a few bonus categories.
• There’s a $50,000 annual cap on combined 2% and 3% bonus categories, then 1% unlimited cash back.
• The Ink Business Unlimited tops the Ink Preferred if you want a straightforward earnings rate rather than bonus categories as long as you pair it with a card that has transferrable rewards.

Employee cards are free and also earn 2 miles per dollar on all spending. A charge card will need to be paid off monthly while a credit card will allow you to carry a balance with interest. Make sure you know which type of card you are applying for and that it will best fit your needs.

Intro APR

How much extra credit you’re granted depends on your payment history, credit record and financial resources. Note that you must pay the amount spent over your credit limit in full each billing cycle, or you’ll incur interest and over-limit fees. By clicking “See my odds” you agree to our Terms of Use and Privacy Policy.

Best Small Business Credit Cards with confidence with built-in protections like Fraud Protection, Zero Liability Protection, Purchase Protection, Cell Phone Protection, and Extended Warranty Protection. If you’ve got a Chase Ultimate Rewards card, you can transfer your rewards and redeem them for extra value. Bankrate follows a stricteditorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.

What you need to get approved for a small business credit card

For example, if you travel often, you may want a card that offers lost baggage and car rental insurance. These cards are designed with businesses in mind, and often feature higher credit limits than personal credit cards and free employee cards with customizable spending limits. They also include account management tools such as automated quarterly and year-end summaries and free access to accounting programs, like Quickbooks.

You can earn up to 75% more points on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to an unlimited 2.62 points per $1 spent on all purchases. Best in class earnings on gas station purchases mean road warriors will rack up points quickly. With a Wyndham at almost every highway exit you’ll never lack for options to spend your points. When evaluating each card, we consider both the earning structure rate and corresponding redemption values that a small/medium business owner can expect with every eligible purchase. Your card issuer will want to determine your ability to repay funds if necessary and calculate your debt-to-income ratio.