A business credit card bonus is a straightforward, easy way to access huge value for just investing in your business. You’re spending money that you have to spend, anyway—so you might as well find the best business credit card bonus for your business, right? (Right.)
To earn most business credit card bonuses, all you need to do is simply spend a certain amount on a new card within a predetermined period of time, and you can cash in. That’s a pretty easy way to find your business suddenly rolling in a lump sum of cash back or rewards points.
And almost any business credit card out there will try to hook you by claiming theirs has the best business credit card signup bonus on the market. But the trick is finding the very best business credit card bonus for your particular preferences so that you can access the most value possible for your business. We’ll guide you toward the best business credit card bonus out there for your business.
How to Earn the Best Business Credit Card Bonus for a Low-Spend Threshold
If you’re new to the game or you’re working with a smaller budget, then the best business credit card bonus for you will be one with a low spending threshold.
A business credit card bonus will only do you good if you’re actually able to earn it, and some business credit cards require that you spend thousands per month to earn a bonus.
Luckily, there are a few business credit cards that offer bonuses that won’t require you to perform tons of spending in a short amount of time. And the best business credit card bonus within this category is the American Express Green Rewards Card:
The American Express Green Rewards
You’ll only need to take a few steps to secure the Green Rewards Card’s welcome bonus.
Beyond actually applying for the card (which you can do above, so check that one off), to earn the welcome bonus of 15,000 Membership Rewards® points, you’ll have to spend $3,000 in eligible purchases in the first 3 months of card membership.
These points are redeemable for rewards as diverse as gift cards and free travel, and they’re typically worth around 1 cent per point but vary depending on what you redeem them for.
So, all you’ll have to do is spend $3,000 in 3 months on your Green Rewards Card, and you’ll be able to access a good business credit card bonus for a low spending threshold.
→TL;DR (Too Long; Didn’t Read): The American Express Green Rewards Card offers a welcome bonus of 15,000 points in the first 3 months.
How to Earn the Best Business Credit Card Bonus for Cash Back
Maybe you’re confident in your ability to reach whatever spending threshold business credit card bonus throws your way, and you want to reap the rewards in the form of cash. If that sounds like you, then the best business credit card bonus is a cash back bonus.
Once you earn a cash back bonus, you’ll be able to apply it as a statement credit to future bills as you see fit. And the best business credit card bonuses for cash back will give you a substantial amount of cash back that can really make a dent in your business’s credit card bills.
Although there’s stiff competition for the best business credit card bonus for cash back on the market, we choose the Capital One Spark Cash’s as the front-runner for this category:
The Capital One Spark Cash for Business
We picked the Capital One Spark Cash for Business as the best business credit card bonus for cash back above all its competition because it delivers big value quickly. Spend $4,500 within your first three months after opening your Spark Cash account to earn a statement credit of $500.
And that’s it—as long as you’re spending an average of at least $1,500 per month for your first three months as a Spark Cash cardholder, that $500 statement credit is yours.
→TL;DR: The Capital One Spark Cash offers a business credit card bonus of $500 cash back once you spend $4,500 during your first three months with the card.
How to Earn the Best Business Credit Card Bonus for Travel Rewards
Finally, if you’re more interested in accessing free travel than anything else, then the best business credit card bonus for you is one that comes in the form of travel rewards. With business travel rewards, you can pay for business trips but also use your points to take well-deserved personal vacations, too.
And while cash back bonuses are always be worth the same dollar amount, travel rewards bonuses are redeemable for various values, depending on what kind of deal you find.
Though a lot of stellar business credit card bonuses for travel rewards are out there, the one that will reward you the most will be the Chase Ink Business Preferred welcome bonus:
The Chase Ink Business Preferred
The Chase Ink Business Preferred offers arguably the most generous business credit card bonus on the market. And because this bonus comes in the form of travel rewards, it’s almost certainly the best business credit card bonus for travel rewards on the market.
Once you spend $5,000 during your first three months after opening your Ink Preferred account, you’ll earn a bonus of an entire 80,000 points.
That bonus seems even more remarkable when you consider each points’ value when you redeem them for travel through the Chase Ultimate Rewards portal. There, they’ll be worth at least 1.25 cents per point, making the Ink Preferred welcome bonus worth at least $1,000 of free travel.
→TL;DR: The Ink Preferred offers a business credit card bonus of 80,000 points—worth $1,000 of travel—once you spend $5,000 within your first three months with the card.
Other Hints Beyond the Best Business Credit Card Bonuses to Choose a Rewards Card
Although the best business credit card signup bonuses on the market are certainly exciting, there are also a few other important factors to take into account. And while the best business credit card bonuses on the market might earn a lot for your business, other introductory features might be able to save your business even more.
Depending on your business’s financial needs, you might consider looking into business credit cards with no first annual fee or with a 0% intro APR period. Luckily, many cards with the best business credit card bonuses have these features as well—you’ll find these perks aren’t mutually exclusive.
So, consider looking for business credit cards that offer intro perks that will help you both save and earn during your first months with the card:
No Introductory Annual Fee
Many business credit card issuers will waive the annual fee for your first year as a cardholder. This intro perk makes it ideal for you to test out a business credit card for free, kind of like a no-charge test drive.
Many business credit cards—including the Green Card and the Capital One Spark Cash—will waive your first annual fee to sweeten the deal. So, with the Green Card and the Spark Cash, you’ll be able to earn one of the best business credit card bonuses while also avoiding an annual fee for a year.
0% Intro APR Period
Another intro feature to keep an eye out for is the 0% intro APR period. If your business needs to gradually pay off a big purchase or pre-existing debt, then this perk could save you untold sums in avoided interest.
A 0% intro APR period basically lets your business carry a no-interest balance from month-to-month for your first months with a card. After the predetermined intro period, your card will set back to its default APR that the issuer determined when you applied for the card.
None of the cards that offer the three best business credit card bonuses also offer a 0% intro APR period. So, if your business needs to pay off a big purchase or pre-existing debt, then consider looking for a 0% intro APR card like the American Express Blue Business Plus or the Chase Ink Cash.
→TL;DR: A no introductory annual fee deal means your business can avoid an annual fee for your first year with a card. Meanwhile, a 0% intro APR period will give your business access to a period of no-interest balances.
Wrapping Up Your Guide to the Best Business Credit Card Bonuses
Now that you’ve made it all the way through this guide to earning the best business credit card bonuses out there, you should be able to find the best match for your company.
We’ve seen that business credit card bonuses are a surefire way to access rewards for simply investing in your business. The best business credit card bonus for your business, though, will depend on your needs and preferences.
- The American Express Green Rewards Card offers the business credit card bonus that’s the easiest to access.
- The Capital One Spark Cash offers the best business credit card bonus for cash back rewards.
- The Ink Preferred offers the best business credit card bonus for travel rewards.
As you search for your best business credit card bonus, be sure to also keep an eye out for intro perks like no introductory annual fees and 0% intro APR periods, as these might be able to save you more than you can earn with even the best business credit card bonuses.
Latest posts by Maddie Shepherd (see all)
- The 5 Best POS Systems for Small Business Owners - December 18, 2019
- The 35 Best PayPal Alternatives for 2020 - December 14, 2019
- Merchant Services 101: Everything You Need to Know About Merchant Processing - December 13, 2019