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Hear from our editors: The best business credit cards of November 2020
Updated November 17, 2020
Editorial Note: Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our marketing partners don’t review, approve or endorse our editorial content. It’s accurate to the best of our knowledge when posted. Availability of products, features and discounts may vary by state or territory. Read our Editorial Guidelines to learn more about our team.
Written by: Tim Devaney
The best business credit cards offer a mix of features that include cash back, travel rewards, low intro APRs and the opportunity to build credit. Here are the best business credit cards of 2020.
- Ink Business Preferred® Credit Card: Best for business trips
- Spark® Cash from Capital One®: Best for offsetting business expenses
- Brex Card for Startups: Best for startup perks
- Ink Business Cash® Credit Card: Best for staying on budget
- American Express® Blue Business Cash Card: Best for low interest
- Spark® Classic from Capital One®: Best for building business credit
Here’s why: The Ink Business Preferred® Credit Card could help your company pay for business travel purchases.
You’ll earn 100,000 bonus points after spending $15,000 on qualifying purchases during the first 3 months your account is open.
Sure, that’s enough points to book $1,250 worth of travel through Chase Ultimate Rewards®. But you might be able to get an even better value if you redeem your points through one of Chase’s transfer partners.
These are just a few of the many ways you could use your rewards points to make your company’s travel budget go further.
It’s also worth noting — if work takes you overseas — foreign transaction fees are $0 with this card. But there is a $95 annual fee.
Check out our review of the Ink Business Preferred® Credit Card to learn more.
Here’s why: You’ll earn $500 after spending $4,500 on purchases during the first 3 months after your account is opened.
We certainly wouldn’t want to encourage you to spend more than your company can afford to repay. But if your company is already planning to make a big purchase, you could redeem the cash bonus from the Spark® Cash from Capital One® as a statement credit to help you recoup some of that money.
Even if you don’t qualify for the cash bonus, you’ll still earn 2% cash back on every purchase you make (with no bonus categories or spending categories to keep track of). You can use the cash back to offset your regular business purchases.
But don’t forget about the annual fee on this card: $0 intro, $95 after first year.
Learn more in our review of the Spark® Cash from Capital One®.
Here’s why: The Brex Card for Startups could help you take your company to the next level.
Instead of a sign-up bonus, you’ll have access to valuable business credits and discounts for services like Amazon Web Services.
Plus, you’ll still get rewards for your regular business expenses. The Brex rewards program offers …
- 7 points for every $1 you spend on rideshares
- 4 points per $1 on travel booked with Brex
- 3 points per $1 at restaurants
- 2 points per $1 on software subscriptions
- 1 point per $1 on everything else
The annual fee is $0, but the Brex Card for Startups is only available to companies that have at least $100,000 in a corporate bank account (plus other account stipulations) and a U.S. employer identification number.
Unlike other business credit cards, the Brex Card for Startups doesn’t require a personal guarantee from the owner. So if your company goes out of business, you won’t be responsible for repaying the money out of your own pocket. It also means the Brex Card for Startups won’t show up on your personal credit reports or affect your personal credit scores, like some other business rewards cards might.
Read more in our review of the Brex Card for Startups.
Here’s why: If you’re looking for a business card but don’t want to break the bank, look no further than the Ink Business Cash® Credit Card.
The Ink Business Cash® Credit Card comes with a $0 annual fee. So you don’t have to shell out money each year just to hold the card.
But it’s more rewarding than many other no-annual-fee credit cards. You’ll earn $750 bonus cash back after your company spends $7,500 on purchases during the first 3 months from account opening.
Beyond the sign-up bonus, you’ll score 5% cash back (up to $1,250) on the first $25,000 your company spends each account anniversary year in combined purchases of internet, cable and phone services and at office supply stores. After that, you’ll get 1% cash back.
You’ll also earn 2% cash back (up to $500) on the first $25,000 your company spends each account anniversary year in combined purchases at restaurants and gas stations. After that, you’ll get 1% cash back.
You’ll also earn 1% cash back on all other purchases.
Not too shabby for a card with a $0 annual fee.
Here’s why: The low intro purchase APR on the American Express® Blue Business Cash Card could help you save money on interest charges on a big new expense.
It features an introductory 0% APR on purchases for the first 12 months from account opening.
After that, you’ll pay a variable rate between 13.24% - 19.24% for purchases.
Plus, you’ll get a flat-rate 2% back on eligible purchases on up to $50,000 every calendar year (then 1%). Any cash back you earn is automatically applied to your account as a statement credit, which means these cash back rewards could help you pay down your balance even sooner.
With no annual fee, this card has a lot to offer. Learn more about who the American Express® Blue Business Cash Card is good for.
Here’s why: The Spark® Classic from Capital One® can help you earn cash back while building credit for your business.
If you’re applying for your first business card and you don’t have strong credit (business or personal), you might have a difficult time qualifying for some of the best small-business credit cards on this list.
But the Spark® Classic from Capital One® could help you get there, if you make your payments on time and keep your credit utilization rate low.
There’s a $0 annual fee on this card, you’ll earn 1% cash back on all eligible purchases and, most importantly, you’ll have an opportunity to build your business credit.
How we picked the best business credit cards
To find the best business cards, we started with the assumption that there isn’t one single best business card. Each company has different needs.
We thought about what different businesses might benefit from — including business travel rewards, cash back, low intro APRs and the opportunity to build business credit — and researched the cards in each of those categories.
How do I qualify for a business credit card?
You might be surprised to learn that you could qualify for a business card.
Many people could qualify for business cards without realizing it because they don’t see themselves as small-business owners. But you don’t have to own a restaurant or a car dealership to have a business.
Many business credit cards allow independent contractors like rideshare drivers, online sellers and freelancers to apply. The big exception on this list is the Brex Card for Startups, which caters to larger businesses. Here’s how to get a business credit card.
If you do qualify for a business credit card, keep in mind that you should use the card only for business expenses. Business credit card issuers typically frown on cardholders using these cards to make purchases that should be left to their personal credit cards. Learn more with Credit Karma’s guide to business credit cards.