Having the appropriate credit card can have a big impact on your company’s cash flow, cost control, and rewards optimisation in the ever-changing world of business finance. Here is a thorough list of the top 10 business credit cards available in the US as of 2024, each of which addresses a different set of business requirements, from cash back incentives to travel benefits.
American Express Business Platinum Card
- Rewards: 1.5x points on qualifying purchases over $5,000, and 5x points on flights and pre-paid hotel reservations made through Amex Travel.
- Travel Benefits: $200 airline fee credit, global entry fee credit, and access to more than 1,200 airport lounges.
- Annual Cost: $695
- Perfect For: Companies looking to benefit from opulent travel and those with substantial travel budgets.
Chase Ink Business Preferred Credit Card
- Rewards: Up to $150,000 in annual travel, shipping, internet, cable, phone, and advertising purchases earn three times the points.
- Bonus for signing up: 100,000 points after the first three months of spending $15,000.
- Annual Cost: $95.
- Ideal For: Companies desiring substantial sign-up bonuses and customisable perks.
Spark Cash Plus from Capital One
- Principal Benefits: 2% cash back on all purchases is awarded.
- Welcome Bonus: During the first six months, receive a cash bonus of up to $1,000.
- Annual Cost: $150
- Perfect For: Companies that want simple, high-rate cash back on every purchase.
American Express Blue Business Plus Credit Card
- Benefits: Double points on all purchases up to $50,000 annually; after that, single points. For the first 12 months, there is no intro APR.
- Annual Cost: $0
- Perfect For: Small companies seeking a card with a strong point reward system and no annual charge.
Chase Ink Business Cash Credit Card
- Rewards: 5% cash back on office supply store purchases as well as internet, cable, and phone service purchases up to a total of $25,000.
- Bonus for signing up: $900 in cash back after the first three months’ spending of $6,000.
- Annual Cost: $0
- Perfect For: Companies that spend a lot on communications and office supplies.
Bank of America Business Advantage Customised Cash Rewards Mastercard
- Reward: 3% cash back in your preferred category (such as travel, office supplies or gas), 2% at dining establishments and 1% on all other transactions.
- Introduction APR: 0% for the first nine months of invoicing.
- Annual Cost: $0
- Perfect For: Companies looking for cash return categories that can be customised.
Triple Cash Rewards World Elite Mastercard from U.S. Bank Business
- Rewards: Gas stations, office supply retailers, cell phone service providers and restaurants are eligible to receive 3% cash back on purchases.
- For the first fifteen billing cycles, there is no intro APR.
- Annual Cost: $0
- Perfect For: Companies looking for a flexible cash back credit card with an extended 0% APR term.
The Business Gold Card from American Express
- Rewards: Up to the first $150,000 in combined annual purchases, your company will receive four times as many points in the two categories where it spends the most each month.
- Flexibility: The Pay Over Time option enables more adaptable terms for payments.
- Annual Cost: $295
- Perfect For: Companies having variable monthly costs across several categories.
Spark Miles for Business at Capital One
- Reward: Double miles for each transaction.
50,000 miles as a sign-up bonus after spending $4,500 throughout the first three months. - Annual Fee: $95 (first year waived)
- Perfect For: Companies seeking uncomplicated travel incentives with no expiration dates.
Wells Fargo Business Platinum Credit Card
- Reward: For every $1 spent, get 1.5% in cash back.
- For the first nine months, there is no intro APR.
- Annual Cost: $0
- Perfect For: Companies of all sizes looking for a straightforward rewards card with no yearly fees.
In summary
With features like cash back, travel rewards, and flexible payment options, the appropriate business credit card can significantly improve your company’s operations. To choose the card that offers the best value, you must assess the spending patterns and financial requirements of your company. Regardless of your preference for minimal fees, large cash back rates, or travel benefits, one of the cards on this list can help you achieve your business objectives in 2024.
