Credit Cards, the Best Ones for Small Business

Having a business credit card is one way to keep clear track on your small business expenses. It makes it much more simple to refer to at any time in the future.

Below are some of the best credit cards for every small business owner and why:

Best overall business credit card: Chase Ink Plus – Our top-ranked business credit card, the Chase Ink Plus starts off with a bang: Earn 50,000 bonus points after you spend $5,000 in the first 3 months from account opening. That’s worth 25% more when you redeem for travel, making the Plus a better travel card than most airline credit cards. Lest you think the Ink Plus is a mere flash in the pan, past the signup bonus, you’ll earn:

5 points per $1 you spend on office supply stores and phone, Internet, and cable TV services, up to $50k spent annually

2 points per $1 you spend on gas and hotel stays, also up to $50k

An unlimited 1 point per $1 elsewhere

Best low interest plus rewards card: the Chase Ink Cash – The Ink Plus’ no fee/cash back cousin, the Chase Ink Cash still earns 5x rewards in bonus categories, but only up to $25,000 a year. On the plus side, it pays out in cash, which is pretty much the easiest kind of rewards program to deal with. Here’s the breakdown of the Cash’s rewards program (changes from the Plus highlighted in bold):

5 points per $1 you spend on office supply stores and phone, Internet, and cable TV services, up to $25k spent annually

2 points per $1 you spend on gas and dining, also up to $25k

An unlimited 1 point per $1 elsewhere

Best for travel perks: American Express Business Platinum – This card offers a number of valuable services for when you need to take your business on the go. Its versatility makes it a great card for travel and all around business expenses. You’ll have access to Priority Pass, Centurion and select Delta and Airspace airport lounges worldwide. There’s also a $200 credit to offset different airline fees, and you’ll get a complimentary companion ticket when you purchase a business or first class international ticket on partner airlines. When on the ground, the card offers premium rentals with Avis, Hertz and National. You can also rely on free hotel upgrades or benefits worth up to $450 per stay – that, alone, could offset the $450 annual fee. And, as with any top travel credit card, there is no foreign transaction fee.

Best for low interest: the American Express SimplyCash – The Amex SimplyCash combines low interest, no fees, 0% APR and cash back. It gives;

5% cash back at US office supply stores and US wireless telephone service providers up to $25,000 spent annually and 1% thereafter

3% cash back on the category of your choice from a list up to $25,000 spent annually and 1% thereafter

1% cash back on everything else