Make Your Card Work for You: The Best Business Rewards Credit Cards

Georgia McIntyre

Georgia McIntyre

Finance Writer at Fundera
Georgia McIntyre is the resident Finance Writer at Fundera. She specializes in all things small business finance, from lending to accounting. Questions for Georgia? Comment below!
Georgia McIntyre
Advertiser Disclosure

Editor’s Note: American Express is a partner of Fundera.

Choosing a business credit card for your company is an exciting moment.

Yes, you’ll have to make a few less-than-thrilling decisions before you sign on the dotted line—like whether you want a business credit card or a business charge card, or whether you can stomach an annual fee.

But here’s where the real excitement comes in: choosing the best business rewards credit card for your company.

One of the best perks of using a business credit card is earning rewards on your purchases. No one likes dishing out hard-earned cash on expenses, but it hurts a little less knowing that a fraction of what you spend will go back to your business in the form of valuable cash rewards or bonus points.

So, are you on the hunt for the best business rewards credit card on the market? Look no further—we think these are the 2 best business rewards credit cards.

The Best Business Rewards Credit Card for Cash Back Rewards

If you’re looking for the best business rewards credit card available, the first question you need to ask yourself is this: “What’s the best business rewards credit card for my business?”

There isn’t one best business rewards credit card for every small business. The best rewards card depends on what kind of business you run and how you want to bring in rewards.

Prefer to have cash savings put back into your business? Then here’s one of the best cash back business rewards credit cards available.

The SimplyCash Plus Business Credit Card from American Express

If you want to bring in rewards as cash back savings, then the first card you should consider is the SimplyCash Plus Business Credit Card from American Express. The SimplyCash Plus has one of the best cash back rewards rates on the market.

Here’s what you’ll get:

  • Earn 5% cash back on wireless phone services from U.S. providers and U.S. office supply stores. Earn at the 5% rewards rate up to your first $50,000 in purchases. After that, earn 1% on those purchases.
  • Earn 3% cash back on purchases in one of the following eight categories:
    • Airfare purchased directly from airlines
    • Car rentals from eligible agencies
    • Hotel stays when you book through the hotel directly
    • Restaurants
    • Gas stations
    • Shipping
    • Advertising
    • Computer hardware, software, and cloud computing purchases made directly from the select providers

Earn at the 3% rewards rate up to your first $50,000 in purchases. After that earn 1% on your category of choice.

  • Earn 1% cash back on every other purchase.

If you’re a big spender on wireless telephone services or office supplies, then the 5% rewards rate on the SimplyCash Plus is hard to beat.

Plus, when you add the sizable sign-up bonus to your regular rewards rate, you’ll be bringing in a fair amount of cash for your small business. With the welcome offer, you’ll earn a $200 statement credit once you spend $5,000 in purchases in the first 6 months of being a cardmember. And if you spend an additional $10,000 in the first year of owning the card, you’ll earn another $200 in a statement credit. That’s a cool $400 for your business by just spending $15,000 in one year.

And as a cherry on top, the SimplyCash Plus comes with no annual fee—so there’s no need to dish out your rewards to a fee each year. Plus, you’ll have a 0% introductory APR period for 9 months, with a variable APR of 12.99% to 19.99% thereafter. 

Why the SimplyCash Plus Stands Out

The SimplyCash Plus stands out for obvious reasons—it has one of the best cash back rewards rates on the market.

But what really sets it apart is the flexibility and simplicity it offers for your cash back rewards.

Only you know what you spend the most on for your business—and American Express lets you take advantage of that. You can completely customize your 3% rewards rate based on the category you spend the most on. And if that changes as your business grows, you can just switch your 3% cash back category down the line.

And finally, if you’re looking for a simple way to earn rewards, then the SimplyCash Plus could be the best business rewards credit card for you. Your cash back gets automatically credited to your account. There’s no need to worry about how and when to redeem your rewards—the cash will just go right back to your account.

simplycash-cta

The Best Business Rewards Credit Card for Bonus Points Rewards

Cash back is just one way to bring in rewards for your small business. You can also earn bonus points on your purchases and redeem for your business purchases later on.

If you’re envisioning the best business rewards credit card as a points credit card, then here’s one of the best business rewards credit cards out there.

Chase’s Ink Plus Business Credit Card

When you use the Ink Plus Business Credit Card, you’ll be bringing in a lot of Ultimate Rewards points that you can redeem for travel, cash back, or gift cards.

How much are we talking?

Well, here’s what to expect:

  • Earn 5 points for every dollar spent on office supplies and on cellular phone, landline, internet, and cable TV services each year, up to $50,000 in purchases.
  • Earn 2 points for every dollar spent at gas stations and hotels each year, up to $50,000 in purchases.
  • Earn 1 point for every dollar spent on all other purchases, with no limit to how much you can earn.

If you’re always spending at office supply stores or phone and cable services, then the Ink Plus Business Credit Card is hands-down the best business rewards credit card for you. Plus, we’re willing to bet that—like many small businesses—you spend a lot on gas and hotels when you travel for business. Bringing in 2 points for every dollar spent on those categories can be valuable for your business.

The value of the Ink Plus Business Credit Card is hard to ignore when you put numbers to the rewards rate: If you hit the spending cap on the 5-point and 2-point categories, you’ll get rewards worth $3,500 for your business. So if you know you’ll spend a lot in the 5-point and 2-point categories, using this business credit card is a no-brainer.

Why the Ink Plus Stands Out

The Ink Plus Business Credit Card might be the best business rewards credit card even if you just look at the general rewards earnings.

But the rewards rate on this business credit card will be that much better if you redeem your points on travel expenses.

That’s because Chase Ultimate Rewards points come in at 1.25 cent value for every point redeemed on travel. As far as redeemable rewards rates go, 1.25 cents per point is pretty valuable—especially if you’re always spending money on business flights.

And if you don’t think you’ll use your Ultimate Rewards points for travel expenses, no problem—you can still transfer your points to other loyalty programs without losing any of their value.

Found the Best Business Rewards Credit Card for You?

When it comes to cash back or bonus points rewards, the SimplyCash Plus and the Ink Plus are our top picks. If you’re planning on spending a fair amount in the top earning categories, then you’ll be putting a lot of rewards back into your business with either of these cards.

But as always, the best business rewards credit card for you is the one that fits your business. So, when you’re on the hunt for the best business rewards credit card, think closely about how you spend for your business. It’s no surprise that you’ll want to find the business credit card that lets you earn the most rewards on your biggest purchases.

And if you think that either the SimplyCash Plus or the Ink Plus fits the bill, then what are you waiting for?

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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.
Georgia McIntyre

Georgia McIntyre

Finance Writer at Fundera
Georgia McIntyre is the resident Finance Writer at Fundera. She specializes in all things small business finance, from lending to accounting. Questions for Georgia? Comment below!
Georgia McIntyre

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