The Best 2% Cash Back Business Credit Card on the Market

Maddie Shepherd

Staff Writer at Fundera
Maddie Shepherd is staff writer at Fundera. Beyond her deep knowledge of small business financing, Maddie's specialty is business credit cards—she'd love to help match your business with the credit card that benefits you most!
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If you’re tired of all the rotating, tiered, and sometimes complicated cash back bonus categories, that’s a sign that you might be on the hunt for a 2% cash back business credit card.

Alternatively, you might be looking for a 2% cash back business credit card to supplement your other cash back rewards, especially if you’re looking to get maximum mileage from your business spending.

Either way, flat-rate cash back for your business spending is certainly worth searching for—and we’re here to help. Let’s learn about your very best options for 2% cash back business credit cards:

TL;DR: Navigating Your 2% Cash Back Business Credit Card Search

If you want to eek out every last bit of value you can earn for business spending, 2% cash back business credit cards are ideal. Whether you’re an irregular spender or you want to supplement existing tiered cash back earnings from a business credit card with bonus categories, you could be well suited to add a 2% cash back business credit card with its flat-rate rewards to your arsenal.

Cutting right to the chase, the very best 2% cash back business credit card on the market right now: the Capital One Spark Cash for Business.

When you spend with the Capital One Spark Cash for Business card, you’ll get an unlimited 2% cash back for every single dollar. Simple and great. Plus, you’ll gain access to the opportunity to earn a welcome bonus of a $500 statement credit. However, this 2% cash back business credit card does come with an annual fee of $95, so you’ll have to be on board with that.

If you’re not willing to pay an annual fee for your flat-rate cash back rewards card, however, you should look to the Spark Cash’s fee-free counterpart, the Spark Cash Select. With this business credit card, you’ll earn 1.5% cash back for every dollar you spend along with a nine-month 0% intro APR period and the opportunity to earn a $200 welcome bonus—for no fee at all.

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What Are 2% Cash Back Business Credit Cards Best For?

You might already have a cash back card in your wallet—or even several for that matter. So why would you get a 2% cash back business credit card? Because it could be a really smart choice for your business no matter what type of spending you do, that’s why.

The list of reasons to get a 2% cash back business credit card really can go on for days, but are two main ways that you can use a 2% cash back business credit cards to make the most of your spending. Here are the two main ways that a 2% cash back business credit card could slot perfectly into your business credit card lineup:

Strategy 1: Use a 2% cash back reward card to supplement a tiered cash back rewards card.

As many business owners know from experience, most business credit cards with tiered cash back rewards come with a base rate of 1% cash back rewards for any spending that doesn’t fall into a card’s top-earning tiers.

For instance, many cards with bonus categories come with one spending category in which you’ll earn 3% cash back, a second category in which you’ll earn 2% cash back, and a base category in which all of your other spending will earn 1%.

Even more, a lot of the time, the top tiers of cash back rewards come with spending caps, and beyond those spending caps, your cash back will fall back to that base rate of 1%.

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So, what the most savvy business owners do is map out their bonus-category spending—which is often spending on gas, restaurants, office supplies, or telephone bills, depending on the card—on their tiered cash back card, and then do all of the spending that doesn’t fall into their bonus categories on their 2% cash back business credit card.

This means that you’ll end up earning double the cash back for your non-bonus category spending than you would by keeping it to a single card—all in virtue of simply knowing which card to put it on.

Strategy 2: Avoid tiered rewards altogether.

On the other hand, some business owners might not have the mental real estate to navigate complicated bonus spending categories. (Which is more than okay—you have a business to run, after all.) If this sounds like you, then getting a 2% cash back business credit card could be your ticket to financial peace-of-mind.

Simply put, if you want to know that you’re optimizing your cash back returns with every single dollar you spend, no matter when or where, then you probably want to do your business spending on a 2% cash back business credit card.

All in all, however you’re using it, the 2% cash back business credit card lords over other cards with its simplicity. Meaning if you want to spend knowing you’re optimizing your cash back rewards, every time, no matter what, then you’ve found your match in one of these business credit cards.

The Best 2% Cash Back Business Credit Card Available Right Now

So, now that you know why exactly a 2% cash back business credit card is a smart move for your business’s finances, let’s drill down. What’s the very best 2% cash back business credit card that business owners can get their hands on right now?

Here are the details:

The Capital One Spark Cash for Business

If you’re looking for a 2% cash back credit card or bust, then the Capital One Spark Cash for Business is your very best bet.

This business credit card lets you earn an even, unlimited 2% cash back for every single dollar you spend with it—and much more.

With the Spark Cash, you’ll also gain access to an opportunity to earn a welcome bonus that comes in the form of a $500 statement credit. To earn the Spark Cash’s bonus, you’ll just have to spend $4,500 within your first three months of opening your account.

Just spend an average of $1,500 per month for your first three months with the Spark Cash, and you’ll get $500 to invest back into your business. And that doesn’t even take into account the cash back you’ll earn with the card’s stellar cash back rate—so even while you’re spending, you’re getting returns to reinvest, too.

It’s important to note that this 2% cash back business credit card does come with one notable downside—its annual fee. In order to access cash back rates this generous, you’ll have to pay a $95 per year. But don’t let that scare you—Capital One will waive this annual fee for your first year with the card, so there’s almost no reason not to give this card a trial run to see whether a 2% cash back business credit card is worth its price tag.

Consider a Flat-Rate Cash Back Business Credit Card with no Annual Fee

While Capital One Spark Cash is the very best 2% cash back business credit card on the market, generally speaking, the Capital One Spark Cash Select for Business can certainly give it a run for its money. Especially if you’re looking to go fee-free.

The Spark Cash Select is the fee-free counterpart to the Spark Cash. And although the Spark Cash Select isn’t exactly a 2% cash back business credit card, it still offers unlimited, flat-rate cash back at 1.5% for every dollar you spend. Those are still excellent rewards, not to mention that you’ll have the opportunity to earn a welcome bonus of $200 if you spend $3,000 within the first three months after opening your account.

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With the Spark Cash Select, you can access a nine-month 0% intro APR period. This means that, as long as you make your minimum monthly payments on time, you’ll be able to carry an interest-free balance from month-to-month for your first nine months with the Spark Cash Select.

Heads up, new business owners—a 0% APR card is a great pick for building business credit and getting yourself started. And if you can earn cash back rewards at the same time? That’s a great deal.

So, if  you’re looking for great flat-rate cash back, but you’re not looking to pay an annual fee for it, then the Spark Cash Select could be the perfect fit—even if it isn’t a 2% cash back business credit card.

Finding Your Best 2% Cash Back Business Credit Card

Now that you know about the best 2% cash back business credit card picks, let’s chat next steps.

First, you need to decide on the best card for you, so think about how your business spends and go from there. If you think the Spark Cash will earn your business more than it will cost it, then your next move is to get your hands dirty in the details of this 2% cash back business credit card, and perhaps even apply for it.

However, if you’re not willing to pay an annual fee, but you still want access to flat-rate, unlimited cash back rewards, then the Spark Cash Select could be a perfect business credit card for you. You’ll want to dig in more with that card, and then take next steps to apply if it’s a match.

No matter your choice, whether you’re earning 2% cash back for an annual fee or you’re earning 1.5% cash back for free, a flat-rate cash back business credit card could be a game-changer for your small business.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any of these entities.

Maddie Shepherd

Staff Writer at Fundera
Maddie Shepherd is staff writer at Fundera. Beyond her deep knowledge of small business financing, Maddie's specialty is business credit cards—she'd love to help match your business with the credit card that benefits you most!

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