Business Cards

Business credit cards are pretty much like their consumer brethren except that you get a different pool of offers, you have to fill out a business name and information when signing up (see below), and the cards often have the word 'business' tacked on at the end.

Below I have an ongoing list of some of the better business credit card deals out there. I base my selections on signup bonuses, reward programs, and sometimes some other criteria. I don't really focus on standard APR  because I always pay off my balance in full whenever possible. It's just not one of the things I look for when choosing a new card. If you keep a running balance then I would suggest looking through these cards for the ones with the lowest annual percentage rate. Oh, and one more thing: no annual fees. For most people cards with annual fees aren't worth it—you can always find something that has the same or better benefits for free.

* Business Credit Cards: Remember that any individual can sign up for a business card—not just those with businesses. Just use your own name under the 'Business Name' field when applying for the card. They will just sign you up as a proprietorship (a single-owner business).

 


 
 

American Express Costco TrueEarnings Business Card

Overview: If you are already a Costco member you can't really go wrong with this card.

Bonuses: 0% APR for 3 months on all purchases.

Rewards Program: Cash back credited to the account monthly. 5% gas purchases. 3% back on restaurant charges. 2% back on travel expenses, 1% back on all other purchases, no cap.

Why it's a good business credit card: Great, no-hassle rewards program. Top-rated American Express 24/7 phone support. Additional 3-25% OPEN network savings at select merchants (FedEx, Delta, Marriott, etc.). Automatic purchase protection and travel insurance.

 

American Express SimplyCash

Overview: Great all-around card—excellent reward program, friendly support, lots of bonuses.

Bonuses: 0% APR for 12 months on all purchases.

Rewards Program: Cash back credited to the account monthly. 5% on wireless services and office supplies (e.g. anything bought at stores like Staples and OfficeMax). 3% back on gasoline purchases up to $12,000/year (then downgraded to 1%). 1% back on all other purchases, no cap.

Why it's a good business credit card: Great, no-hassle rewards program. Top-rated American Express 24/7 phone support. Additional 3-25% OPEN network savings at select merchants (FedEx, Delta, Marriott, etc.). Automatic purchase protection and travel insurance.

 

Chase Freedom Business Visa (Annual fee added.)

Overview: Everyone should have this card or the consumer version of this card to use as their main credit card. No-hassle, high-rebate rewards program and is accepted everywhere.

Bonuses: $50 cash back after first purchase.

Rewards Program: Cash back by way points, points redeemable on a 1:1 basis for cash. 3% cash back equivalent in the top three of fifteen spending categories every month (top five with Chase bank account). 1% beyond that for everything else. 3.75% cash back is possible if you wait to redeem your points until the $200 level (for a $250 check). Bonus points are capped at $600 in purchases monthly, after which you will only receive the standard 1% back.

Why it's a good business credit card: Automatically gives you extra cash back on your top spending categories, which includes just about everything you could purchase (except restaurant transactions, so be sure to sign up for the American Express Costco TrueEarnings card for 3% back). Visa, so it's accepted almost everywhere.

 

Chase Business Rebates Card (No longer offered.)

Overview: Great for those starting a business, excellent balance transfer deal.

Bonuses: 0% APR on balance transfers for 15 months.

Rewards Program: Cash back by way points, points redeemable on a 1:1 basis for cash. 3% cash back equivalent at office supply stores, home/business remodeling stores, hardware stores, gasoline purchases, and restaurants. 1% beyond that for everything else. Bonus points are capped at 4,000/month.

Why it's a good business credit card: An especially good card for those starting a business, because it provides bonus cash back rewards in every category that a new business owner would be spending in. Great balance transfer option. Visa, so it's accepted almost everywhere.