The 3 Best Small Business Credits Cards

The best small business credit cards empower the small business owner by providing bonus rewards for business-related purchases and access to numerous benefits. Most small businesses can’t afford to make major purchases twice, which is why extended warranty and purchase security coverage are important features of the best small business credit cards. Most small businesses strive to keep costs low, which is why the best small business credit cards will minimize annual membership and other credit card fees. Because the needs of small businesses are diverse, finding the best small business credit card can be challenging.

The WorldPoints® Rewards for Business™ Visa® Card ranks among the best small business credit cards by providing two WorldPoints® rewards per dollar on purchases at gas stations, restaurants, and office supply stores. Unlike the other top small business credit cards, the WorldPoints® Rewards card does not offer a large sign-up bonus, but with all the opportunities for double points, cardholders that regularly use the card will still be able to quickly accumulate points. The WorldPoints® Rewards card does not charge an annual membership fee, and offers an introductory rate of 0% APR for the first nine months of card ownership. In addition, there are no over-limit, foreign currency transaction, or returned payments fees. These features combine to make the WorldPoints® Rewards card one of the top small business credit cards.

The CitiBusiness® ThankYou℠ Card ranks near the top of the best small business credit cards primarily due to the numerous ways cardholders can earn bonus rewards. The ThankYou℠ rewards program utilizes a rotating quarterly program, with each quarter focusing on a different aspect of common small business purchases. For example, in April through June, cardholders will receive three points per dollar on computer equipment and software merchants, and telecommunications merchants. All other purchases will earn one point per dollar spent. The ThankYou℠ card rewards new cardholders with a respectable sign-up bonus of 15,000 ThankYou℠ points if the cardholders spends $3,000 in the first three months of card ownership. Cardholders should be aware of the $39 fee for going over the credit limit, a charge that can be difficult when cash flow is extra tight. However, the absence of an annual fee and the diverse berewards options makes the ThankYou℠ card a fine fit for many small businesses.

The Capital One® Spark℠ Cash for Business Card is a cash back rewards card that distinguishes itself by offering 2% cash back on every purchase, every day. New cardholders that spend $1,000 in the first three months of card ownership will appreciate receiving a $100 Cash Back Bonus. One potential drawback to the card is the $59 annual membership fee, though the fee is waived for the first year of card ownership. Small business owners that need to provide employees with credit cards will also appreciate the one-time $50 bonus received when one or more employees are signed up for the card. For small business owners that prefer a simple and straightforward cash back card, the Capital One® Spark℠ Cash for Business card will be a solid choice.