The Best Cash Back Business Credit Cards: What You Need to Know
If you’re looking at different business credit cards, you may feel overwhelmed by the variety of products available on the market—each card with its own feature set, benefits, and qualifications.
This being said, although getting any business credit card and spending responsibly with it is a smart move for your credit history, you might first consider options that will allow you to earn while you spend. We’re talking, of course, about cash back business credit cards.
As you may know, cash back business credit cards are not the only type of reward program out there. However, there’s no doubt that they are some of the most simple and flexible rewards cards. After all, with a cash back credit card for your business, you’ll be able to earn a specified cash back rate on what you spend—and then what you do with what you earn is completely up to your discretion.
Therefore, to help you through your search, we’ve compiled some of the best cash back business credit cards on the market. We’ll break down each of these cards—giving you all the information you need to decide which cash back business credit card is right for you.
The Best Cash Back Business Credit Cards of 2020
- Ink Business Unlimited℠ Credit Card from Chase
- American Express® Blue Business Cash Card
- Ink Business Cash℠ Credit Card from Chase
- Capital One® Spark® Cash for Business
- Capital One® Spark® Cash Select for Business
- Capital One® Spark® Classic for Business
- Bank of America® Business Advantage Cash Rewards Mastercard®
- The Plum Card® from American Express
- Discover it® Business Card
- Costco Anywhere Visa® Business Card By Citi
Ink Business Unlimited® Credit CardGreat For: Unlimited cash back and welcome bonus
- $750 welcome bonus if you spend $7,500 in first 3 months
- 0% intro APR on purchases for first 12 months
- Unlimited 1.5% cash back on every purchase
13.24% - 19.24% Variable
The first option on our list of the best cash back business credit cards is the Ink Business Unlimited Credit Card from Chase. If you’re looking to earn easy cash back without worrying about categories and dollar limits, this is certainly going to be one of the best cash back credit cards for your business.
With the Chase Ink Unlimited, you’ll get unlimited 1.5% cash back on every single purchase you make for your business. As we mentioned, a huge benefit of this flat-rate rewards business credit card is that you don’t have to worry about optimizing your card use based on specific categories that allow you to earn—every purchase earns you cash back with the Ink Unlimited, and you won’t have a spending limit.
Moreover, this Chase cash back business credit card has other perks—you can earn a $500 welcome bonus if you spend $3,000 in the first three months of opening the card, there’s no annual fee, and you can get employee cards at no additional cost.
Plus, if you’re planning on making big purchases after signing up for this cash back business credit card, you can take advantage of the 12-month 0% intro APR period. After this period, a variable APR will set in based on your creditworthiness and the Market Rate, so you’ll want to be sure to check the issuer’s terms and conditions for details.
With all of this in mind, when it comes to the best cash back business credit cards, the Ink Unlimited is definitely worth considering.
American Express® Blue Business Cash Card
Of all of the best cash back credit cards for businesses, the American Express Blue Business Cash card is a great option that offers cash back as well as a lengthy 0% intro APR on purchases. .
With the Blue Business Cash card, you’ll earn 2% cash back on all eligible purchases on up to $50,000 per calendar year and then 1% cash back on everything else. Plus, with this business credit card, the cash back you earn is automatically credited to your statement—so you’re essentially paying off your balance as you spend.
Moreover, this cash back business card has no annual fee and it offers one of the best 0% intro APR periods on the market—you’ll be able to access 12 months of 0% intro APR on purchases. After those 12 months are up, your APR will set in at a rate that will depend on your creditworthiness and the market Prime Rate, so be sure to check in with AmEx’s terms and conditions for the latest APR information.
This being said, then, if you want a business credit card to pay off large purchases in 12 months without accruing interest, while also earning extra funds for your company—the AmEx Blue Business Cash card is going to be one of your best cash back business credit card options.
Ink Business Cash℠ Credit Card From Chase
Ink Business Cash® Credit CardGreat For: Typical business expenses
- $750 signup bonus if you spend $7,500 in first 3 months
- 0% intro APR for 12 months on purchases
- 5%, 2% or 1% cash back depending on where you spend
13.24% - 19.24% Variable
Next on our list of the best cash back business credit cards is the Ink Business Cash Credit Card from Chase. If you’re specifically looking for a credit card for your business expenses, this is definitely going to be a top option for you.
To explain, the Ink Business Cash card is designed to reward you in categories where small business owners typically spend the most. With this card, you’ll earn:
- 5% on the first $25,000 spent at office supply stores and on internet, cable, and phone services every year
- 2% on the first $25,000 spent at gas stations and restaurants every year
- 1% on everything else with no limit on the amount you can earn
Therefore, if you spend frequently and in large amounts in either of the 5% or 2% categories, you have the potential to earn a lot of cash back with this card.
Additionally, if you spend $3,000 on purchases in the first three months with the card, you’ll earn a $500 welcome bonus. The Ink Cash card, like the Ink Unlimited, also offers one of the longest 0% intro APR periods on the market, at 12 months. However, after those 12 months, a variable APR will set in, so be sure to check the terms and conditions for latest APR information.
Plus, like both of the small business cash back credit cards we’ve discussed thus far, the Ink Cash is one of the best cash back business credit cards with no annual fee.
Capital One® Spark® Cash for Business
Of all the best cash back business credit cards out there, the Capital One Spark Cash card is the one that offers the highest flat-rate cash back rewards.
With this card, you’ll earn 2% back on every purchase with no limit on the amount you can earn. In addition, your rewards won’t expire and you can redeem the cash back you earn in any amount. Plus, you can get employee cards at no added cost, each of which will also earn 2% back on all purchases.
On top of the high 2% cash back rate, one of the biggest benefits of the Capital One Spark cash back business credit card is simplicity. You don’t have to keep track of points, rewards categories, or other conditional perks with this card.
The one downside, however, is that the Spark Cash does come with an annual fee of $95, although Capital One waives this fee for the first year. To mitigate this cost, though, Capital One offers a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening.
Capital One® Spark® Cash Select for Business
If you’re looking for the simplicity of the Capital One Spark Cash, but would prefer no annual fee as well as a 0% intro APR period, the Cash Select card may be the best cash back credit card for your business.
With the Cash Select, you’ll earn an unlimited 1.5% on all purchases—and like the Capital One Cash card, these rewards never expire and can be redeemed for any amount. Additionally, you can earn a $200 signup bonus when you spend $3,000 within your first three months with the card.
Although the rates and bonuses of this cash back business credit card are a bit lower than the Capital One Cash card, the Cash Select has no annual fee, plus a nine-month 0% intro APR period—making it a great option for immediate big purchases and savings year after year. Just be sure to check the terms and agreements for latest APR information once those nine months are up, since a variable APR will set in.
Capital One® Spark® Classic for Business
The next option on our list of the best cash back business credit cards is one of the only available unsecured business credit cards for fair credit. Essentially, this means that if you’re looking for a business credit card and your personal credit is not great—and you don’t want to pay a deposit for access to credit—the Capital One Spark Classic is going to be your best bet.
This being said, then, it’s all the more impressive that this card, which accepts credit scores starting at 580, also offers cash back rewards.
Therefore, with the Capital One Spark Classic, you can earn 1% cash back on all purchases with no limit. Plus, this cash back business card doesn’t come with an annual fee or foreign transaction fees, which is even rarer among credit cards for business owners with average credit.
It’s important to note, however, that Capital One does report to personal credit bureaus, which means your personal credit score will respond directly to your spending activity on the Spark Classic. If you’re spending wisely and paying off your balance on-time, or even early, though, this cash back business credit card can help you improve your personal and business credit.
Bank of America® Business Advantage Cash Rewards Mastercard®
Looking for a cash back business credit card that offers tiered cash back rates and an easy-to-earn welcome bonus? If so, you might consider the Bank of America® Business Advantage Cash Rewards card.
With this cash back business card, you can earn a welcome bonus pretty easily—if you spend $3,000 in 90 days after opening an account, you’ll get $300 back.
In addition to this business credit card perk, the Business Advantage Cash Rewards card also offers:
- 0% intro APR for nine months (with a variable APR setting in after that)
- No annual fee
- 3%, 2% or 1% cash back depending on where you spend
- You’ll get 3% back on one of the following categories of your choice: gas stations, office supply stores, travel, TV/telecom and wireless, computer services, or business consulting services
- 2% cash back on restaurants (for the first $50,000 in combined choice category/dining purchases each calendar year)
- 1% cash back on everything else
Moreover, if you’re a part of Bank of America’s Preferred Rewards program, you can get up to a 75% rewards bonus on the cash back percentage you earn on your purchases.
On top of these benefits, the cash back you earn with this card never expires and you can redeem in the form of a statement credit, check, or cash deposited into a Bank of America account.
All in all, there is a lot to be gained with this card—especially if you want to choose the category that earns you the highest cash back rate. In fact, the Business Advantage Cash Rewards card is the only option on our list of the best cash back business credit card that boasts this perk.
The Plum Card® From American Express
Most business credit cards, including the best cash back business credit cards, typically offer a grace period of about 25 days in which you can pay your monthly bill without a late fee—but the Plum Card isn’t like most business cards.
With the Plum Card, you can choose your billing cycle and take up to 60 days to pay your bill without a late fee. You’ll need to pay just 10% of your balance initially. After that, you’ll pay the remainder by the payment due date of your next statement.
All that said, it’s important to note that the Plum Card is still a business charge card—meaning that by the time your grace period is up, you’ll need to pay your balance in full, or you’ll be hit with costly late fees.
With this in mind, however, the Plum Card also gives you a monthly opportunity to earn cash back for paying your bill early—if you pay ahead of schedule (within 10 days of your statement closing date), you’ll get 1.5% back on your purchases, with no cap on what you can earn back. It’s also worth noting that AmEx will waive the annual fee on this card for the first year, but after that, you’ll face a $250 annual fee.
Ultimately, therefore, this is one of the best cash back credit cards for businesses looking to make big purchases with no preset spending limit and get added flexibility with paying them back.
Discover it® Business Card
For a small business cash back credit card with an ongoing rewards program and a unique welcome offer, you might consider the Discover it Business Card.
The only business credit card from Discover, this card earns 1.5% cash back on every dollar you spend on all purchases. Plus, you can add employee cards to your account and earn rewards for all of their purchases as well.
The Discover it Business Card has no annual fee, offers a 12-month 0% intro APR period, and provides 100% U.S. based customer service. On top of all of these benefits, this cash back business credit card also has a cash back match offer, where Discover will match the cash back that you’ve earned at the end of your first year with the card. Just remember that a variable APR will set in after that first year of use, so be sure to check your terms and conditions for the latest APR.
Therefore, if you’ve earned $500 in cash back at the end of the year, Discover will give you an additional $500. There are no limits on the amount Discover will match and they apply the rewards to your account in the following one or two billing periods.
This being said, then, if you plan on making substantial purchases within the first year of opening your account, this may very well be one of the best cash back credit cards for your business.
Costco Anywhere Visa® Business Card by Citi
Do you do a lot of shopping for your business at Costco? If so, you might consider the Costco Anywhere Visa Business Card as the best cash back credit card for your business. With this card, you’ll earn:
- 4% cash back on eligible gas purchases, including gas at Costco for the first $7,000 per year and then 1% after
- 3% cash back on restaurants and eligible travel purchases
- 2% cash back on all other purchases from Costco and Costco.com
- 1% cash back on all other purchases
Additionally, this cash back business credit card has no annual fee with your paid Costco membership and has no foreign transaction fees.
Therefore, although this is probably the most niche small business cash back credit card on our list, there’s no doubt it can offer substantial benefits, particularly for Costco members and spenders.
Get a Cash Back Business Credit Card If:
At the end of the day, if you’re looking for a business credit card, you may very well consider one that offers cash back rewards.
If you want the simplest rewards, you’ll want to look for a cash back business credit card with a flat-rate reward program. If you’d rather earn more in certain categories, then you’ll instead want to look for a tiered cash back reward program.
Skip These Cash Back Business Credit Cards If:
On the other hand, however, there is one scenario where you might choose an alternative business credit card option:
- If you’re more focused on travel rewards.
If you’d prefer to earn rewards on your business spending that can be redeemed particularly for travel, then you might instead explore the best travel or airline business credit cards.
Choosing the Best Cash Back Business Credit Card for You
Ultimately, it’s hard to go wrong with a cash back business credit card. By using one of these cards, you’ll be able to pay your business expenses, build business credit, and earn money back at the same time.
Therefore, with all of the options available, the best cash back business credit card will depend on your business needs and what you value you most. This being said, then, as you compare your top cash back business cards, you’ll want to not only look at their rewards rates, but also think about their annual fees, foreign transaction fees, welcome bonuses, intro APR offers, and anything else that is important to your business.
This way, you’ll be able to narrow down the different cards and finally, apply for the cash back business credit card that’s right for you.