Small businesses are the backbone of the economy, creating jobs and driving growth. However, these businesses often struggle to obtain credit due to perceived risk by lenders. But with the rise of small business credit cards, entrepreneurs can access credit with ease while also earning rewards.
In this article, we will explore the top 5 small business credit cards that offer maximum rewards.
1. Chase Ink Business Preferred
The Chase Ink Business Preferred is a popular choice for small business owners due to its flexible rewards program and numerous benefits. Cardholders earn 3x points on travel purchases, shipping, and advertising with social media and search engines. The points earned are worth 25% more when redeemed through the Chase Ultimate Rewards platform. Additionally, the card comes with complimentary cell phone protection and travel insurance.
2. American Express Business Platinum Card
The American Express Business Platinum Card is perfect for small business owners who frequently travel. Cardholders earn 5x points on flights and prepaid hotels booked through Amex Travel, as well as 1.5x points on purchases over $5,000. The card also comes with a host of travel benefits, including access to over 1,200 airport lounges worldwide, a $200 airline fee credit, and a Global Entry or TSA PreCheck application fee credit.
3. Capital One Spark Cash
The Capital One Spark Cash is ideal for small business owners who prefer cash rewards. Cardholders earn an unlimited 2% cash back on all purchases, with no minimum redemption amount. The card also offers a one-time bonus of $500 after spending $4,500 in the first three months of account opening.
4. The Blue Business Plus Credit Card from American Express
The Blue Business Plus Credit Card from American Express is perfect for small business owners who want a simple rewards program without an annual fee. Cardholders earn 2x points on all purchases up to $50,000 per year and 1x points on all other purchases. Additionally, the card comes with extended warranty coverage and purchase protection, giving small business owners peace of mind.
5. CitiBusiness AAdvantage Platinum Select World Mastercard
The CitiBusiness AAdvantage Platinum Select World Mastercard is an excellent choice for small business owners who frequently fly with American Airlines. Cardholders earn 2x miles on American Airlines purchases, as well as telecommunications, cable, and satellite purchases. The card also offers a 70,000-mile bonus after spending $4,000 in the first four months of account opening, making it easier for small business owners to save on travel expenses.
In conclusion, small business credit cards offer numerous rewards and benefits to entrepreneurs. By choosing the right card, small business owners can earn significant points/miles/cashback while also accessing valuable perks such as travel insurance, extended warranty coverage, and airport lounge access. It’s recommended to carefully consider your business needs and spending habits before selecting a small business credit card.
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