If you are a small business owner, using a business credit card is essential to keeping your finances in order. In addition, there are some great benefits and welcome bonuses that are limited to each bank’s lineup of business cards. If you’re looking for a new card, here are the best business credit card offers that are currently available.
Chase Ink Business Preferred
The Chase Ink Business Preferred credit card is my favorite small business card and I think is an excellent fit for most businesses. It’s one of the cards I use most often for my business and here’s why I think so highly of it. Not only does it offer several great benefits but it also has one of the best standard business credit card offers.
Bonus – New card holders will receive 80,000 bonus points after you spend $5,000 within 3 months of opening your account which is one of the highest welcome bonuses on the market.
Highlights – If redeemed for travel through the Chase travel portal, these points are worth $1,000! These points can also be transferred to one of Chase’s travel partners where you can easily unlock even more value. This card also gives you various travel insurance benefits if you pay for your travel expenses with this card. You earn 3 points per dollar spent on travel as well as other select business categories.
Annual Fee – $95 (not waived during the first year) which I think is an excellent value considering the welcome bonus and all of the benefits this card comes with.
The Business Platinum Card From American Express
The AMEX Business Platinum card is another great option for small business owners. For a limited time, American Express is offering an elevated welcome bonus for new card members.
Bonus – New card holders will receive 50,000 bonus points after you spend $10,000 within 3 months of opening your account. Earn an additional 50,000 points if you spend an additional $15,000 within the first three months of your account being open. You can learn
Highlights – You will earn 5 points for every dollar you spend on airfare and prepaid hotels that you book directly with American Express Travel. For each qualifying purchase of $5,000 or more, you’ll earn 1.5 points per dollar. Each year you’ll receive a $200 airline fee credit. A $100 Global Entry or TSA PreCheck fee credit every 4 years. 2 semi-annual $100 credits on Dell purchases. You also get access to Priority Pass and Centurion airport lounges.
Annual Fee – $595 (not waived during the first year)
Chase Ink Business Unlimited
The Chase Ink Business Unlimited card is my favorite business card that has no annual fee.
Bonus – New card holders will receive 50,000 bonus points after you spend $3,000 within 3 months of opening your account.
Highlights – These points from the welcome bonus can be redeemed for $500 cash! You can also pair this card with another one of Chase’s premium cards in order to redeem these points in other ways like transferring them to one of Chase’s travel partners. You also earn an unlimited 1.5 points for every dollar you spend with this card. In addition, cards for employees are free.
Annual Fee – $0
United Business Card
Chase just launched a brand new United Business card and is celebrating with a new offer. It is a great option if you own your own business and fly frequently with United. If you don’t have a small business, there is also a United Explorer Card for consumers.
Welcome Bonus – This new card is an initial welcome bonus that’s available only through 4/2/20. New card members will earn 100,000 bonus points after spending $10,000 within the first 3 months of opening their account. This is a fantastic bonus offer for this card!
Highlights – One of the perks I love about United credit cards is that you get access to additional award space on United flights just for having the card. You’ll earn 2x miles on all United purchases, as well as purchases made at office supply stores, gas stations and restaurants. If you have both a business and any personal United card, you’ll get an extra 5,000 points after each anniversary year. You also get 25% back on all inflight purchases on United flights. Plus, each year you purchase 7 United flights that are at least $100, you’ll get a $100 travel credit. You get your first checked bag for free and priority boarding on United flights. After each card anniversary, you will be given 2 United Club one-time lounge passes.
Annual Fee – $99 (not waived during the first year)
Capital One® Spark® Miles For Business
Bonus – New Capital One Spark Miles card holders will receive 50,000 bonus miles after you spend $5,000 within 3 months of opening your account. And for a limited time only, you can earn an additional 150,000 bonus miles after spending $50,000 within the first 6 months of your account being opened.
Highlights – The potential welcome bonus can be worth at least $2,000! Earn 2 miles for every dollar spent with the Capital One Spark Miles for Business credit card. You can redeem your points for travel through Capital One or you can transfer these points to one of their several airline transfer partners. You also get a $100 statement credit on Global Entry or TSA PreCheck fees every 4 years. This card also comes with great travel insurance and purchase protections when you pay for them using this card. Additional cards for employees are free.
Annual Fee – $0 introductory fee during the first year and then $95 after that.
Capital One® Spark® Cash For Business
Bonus – New Capital One Spark Cash card holders will receive $500 cash bonus after you spend $5,000 within 3 months of opening your account. And for a limited time only, you can earn an additional $1,500 bonus after spending $50,000 within the first 6 months of your account being opened.
Highlights – The potential welcome bonus can be worth to $2,000! You earn an unlimited 2% cash back on all purchases with the Capital One Spark Cash for Business credit card. The card also offers rental car damage insurance, as well as purchase protection and extended warranty coverage. Additional cards for employees are free.
Annual Fee – $0 introductory fee during the first year and then $95 after that.
Southwest Rapid Rewards Performance Business
The Southwest Rapid Rewards Performance business card is a new card on the market that is a great option if you fly Southwest Airlines frequently.
Bonus – New card holders will receive an 70,000 point welcome bonus after spending $5,000 within 3 months of opening your account. This welcome bonus is a great way to jump start your way to earning the coveted Companion Pass.
Highlights – Earn 3 points for every dollar spent with Southwest Airlines as well as 2 points per dollar on select business categories. Each year you’ll receive 4 upgraded boarding passes to positions A1-A15 that can be used on any available flight. Plus, you can receive up to 365 $8 in-flight WiFi credits (an all day pass costs $8) when you use the card to pay for WiFi on your flight annually. Each card anniversary year you will receive 9,000 additional Rapid Rewards points. Every 4 years you can receive up to a $100 statement credit on Global Entry or TSA PreCheck fees.
Annual Fee – $199 (not waived during the first year)
United Explorer Business Card
The United Explorer Business card is currently offering an elevated welcome bonus and can be a great option for those who fly with United frequently.
Bonus – New card holders will receive 50,000 bonus points after spending $5,000 within 3 months of opening your account. You will earn an additional 50,000 bonus points after spending $25,000 within the first 6 months of your account being opened.
Highlights – Earn 2 points for every dollar spent with United Airlines as well as well as purchases at gas stations, restaurants and office supply stores. Each year you’ll receive 2 one-time passes to visit a United Club airport lounge. You and a traveling companion also get one free checked bag on United flights.
Annual Fee – $95 (not waived during the first year)
Final Thoughts
Before choosing a new business card, take a minute and review where your business spends a lot of money. Make sure the card you choose will help you maximize the number of miles you’ll be able to earn. If you’re still not sure which of the latest business credit card offers is best for you, you can contact us at any time and we would be happy to help.
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