Do you know that Credit Cards is a great solution to business financial goals? If you intend earning points or cash back, easily keeping track of your spending, consolidating business expenses to a single source, or improving your business credit score, a credit card can help. Below is the Best Cash Back Credit Cards For Business.
Best Cash Back Credit Cards For Business
Before the review of Best Cash Back Credit Cards For Business, you need to consider how to choose a credit card for your business and below is how to do so;
- Check your credit score before applying
- Find a rewards scheme that matches how your business spends.
- Always look at a card’s extra benefits
1. Chase Ink Business Preferred
This is normally seen as the best credit cards for small business. And after doing our own research and comparing it to the competition, we agree. This card is an excellent choice for many small businesses.
Ink Business Preferred, you can earn 80,000 bonus points for your business after you spend $5,000 on purchases in the first three months after opening your card.
Your earning will be three points per dollar on the first $150,000 spending in certain business categories each year. Categories include travel, shipping, internet, cable, phone, as well as social media/search engine advertising purchases. All your other card purchases will earn one point per dollar with no limits.
Points are worth 25% more when you redeem them for airfare, hotels, car rentals, and cruises through Chase Ultimate Rewards. Plus, you can transfer points between other partner rewards programs with 1:1 transfer.
Important Pricing: APR is 18.24% to 23.24%. The annual fee is $95 and there’s no foreign transaction fee.
2. Capital One Savor Rewards Credit Card
The Capital One Savor pays a one-time $500 cash bonus after you spend $3,000 on purchases within three months of opening your account.
When you keep using the card you will earn unlimited 4% cash back on dining and entertainment; 2% back at grocery stores; 8% cash back on tickets at Vivid Seats through May 2020; and 1.5% back on all other purchases.
Important Pricing: The regular APR is 16.74% to 25.74%, based on your creditworthiness. The $95 annual fee is waived in the first year.
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3. Blue Cash Preferred from American Express
Blue Cash Preferred from American Express pays a $200 bonus statement credit after you spend $1,000 on purchases within the first three months of opening your account.
You will earn 6% cash back rewards at U.S. supermarkets up to $6,000 in purchases each year; 3% cash rewards on purchases at U.S. gas stations; and 1% on everything else including grocery purchases past the annual $6,000 threshold. You can earn $360 in cash back just by maxing out the grocery rewards.
Important Pricing: The regular APR after the 12-month 0% introductory promotional period ends is 15.24% to 26.24%. The annual fee is $95.
4. Chase Sapphire Reserve
This cared is best for those who will want to travel to a particular place. The Chase Sapphire Reserve is a premium rewards credit card with a large signup bonus, amazing perks, and a higher annual fee.
Earn 50,000 bonus points after spending $4,000 on purchases in the first three months after opening your account and you could exchange them for up to $750 in travel credit.
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As you keep using the card, you will earn three points per dollar on travel after you earn your $300 annual travel credit; three points per dollar on dining worldwide; and one point per dollar on everything else. Points are worth 50% more when you redeem them through Chase Ultimate Rewards.
You still receive a $100 application fee credit for Global Entry or PreCheck, access to airport lounges, and special rental car privileges with partner agencies when you book with your card.
Important Pricing: The regular APR is 19.24% to 26.24%. The annual fee is $450 for the primary cardholder and $75 for any additional authorized users (up to four).
5. Gold Delta SkyMiles Credit Card
Spend $1,000 on purchases on your new Gold Delta SkyMiles credit card within the first three months of opening your account and earn 30,000 bonus miles. Plus you’ll receive a $50 statement credit after you make a Delta purchase with your card in the first three months.
As you keep using it you will earn two miles per dollar spent on Delta purchases and one mile for every dollar you spent on all other credit card purchases. Your Gold Delta SkyMiles waives the fee on your first checked bag and you’ll also get Main Cabin 1 priority boarding.
Important Pricing: The regular APR is 17.99% to 26.99% based on your creditworthiness. The $95 annual fee is waived in the first year and there’s no foreign transaction fee.
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