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Simplify Your Shopping: The Best of the Best Small Business Credit Cards

As a small business owner, it’s wise to cover some expenses with a credit card so that you’re able to build up your business credit. With that being said, you don’t want to get into debt any more than you have to. So, how can you avoid the high percentage rates and annual fees collected by creditors? Is there such a thing as a small business credit card with a low APR and no annual fee?

What if you were told that you could actually profit from using some of the small business credit cards that are out there? How could you make the most of your business line of credit? Would you place all of your expenses on plastic and pay the balance off at the end of the month?

Many small business owners do just that. They find a credit card with incentives that help them build their businesses and they pay off the expense in full every 30 days so they can maximize their reward benefits. Finding a card that pays you for being a loyal customer is much easier than you think.  In fact, there are a number of enticing offers for small business owners just like you.

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Here are some of the best of the best small business credit cards available right now:

  • Ink Cash® BusinessIssued by JPMorgan Chase, the card is great for businesses wanting to cash in on rebates. You can earn 5% cash back on the first $25,000 you spend on office supplies, telecom services and cable services as well as 2% cash back on dining and gas, and 1% cash back on all other purchases. There is no annual fee and a generous 0% introductory APR on purchases and balance transfers for the first 12 months. Businesses that spend $3,000 during the first three months receive $200 cash back.
  • Capital One Spark Miles Select for BusinessGet 1.5 miles for every dollar spent using the card. You are also rewarded with 10,000 miles when you spend $3,000 on purchases in the first 3 months. There’s 0% intro APR on purchases until February 2015 and then the APR is variable from 12.9%-20.9%. Miles earned can be used for air travel, cash, gift cards, and merchandise. Your business can keep track of transactions with the itemized report that is generated and sent to you yearly. This card has no annual fee.
  • CitiBusiness ThankYou® Card.  If you have a good credit history, you will be rewarded handsomely with this card. Earn 15,000 bonus points worth $150 in gift cards by spending $3,000 within the first 3 months of having the card. You then earn 3 points for every dollar spent in rotating categories and 1 point for every dollar spent on other purchases. An anniversary bonus gives you a percentage of points earned during the first year. The introductory APR is 0% for the first 6 months and then 13.24% after. There is no annual fee.

You shouldn’t have to pay an arm and a leg for a reliable line of credit. By researching the different options available for your small business, you will find more than a few small business credit cards that meet your needs. Now, it’s up to you to use them wisely so you can benefit from their loyalty programs and make the most of your company’s hard earned dollars each and every year.

Meredith Wood

Meredith Wood

Editor-in-Chief at Fundera
Meredith is Editor-in-Chief at Fundera. Specializing in financial advice for small business owners, Meredith is a current and past contributor to Yahoo!, Amex OPEN Forum, Fox Business, SCORE, AllBusiness and more.
Meredith Wood