Small business owners, whether just starting out or looking to expand their operations, may find it challenging to secure funding. This is where credit cards can come in handy. Not only do they provide a line of credit, they also offer rewards that can benefit the business. Cash back credit cards, in particular, can provide a valuable return on the business’s expenses. In this article, we compare the best small business credit cards for cash back in order to help business owners make informed decisions.
Chase Ink Business Cash
The Chase Ink Business Cash card offers generous cash back rewards on common business expenses. Cardholders earn 5% cash back on the first $25,000 spent annually at office supply stores and on internet, cable, and phone services. They also earn 2% cash back on the first $25,000 spent annually at gas stations and restaurants, and 1% cash back on all other purchases. The card has no annual fee and offers a $750 bonus for new cardholders who spend $7,500 within the first three months.
Capital One Spark Cash for Business
The Capital One Spark Cash for Business card also offers a generous cash back reward program. Cardholders earn a flat 2% cash back on all purchases, with no limit to how much cash back can be earned. The card has a $95 annual fee, but this is waived for the first year. New cardholders can earn a $500 bonus for spending $4,500 within the first three months.
American Express Blue Business Cash
The American Express Blue Business Cash card is a great choice for small business owners who want to earn cash back rewards without paying an annual fee. Cardholders earn 2% cash back on all eligible purchases, up to $50,000 per calendar year. After that, the cash back rate drops to 1%. The card also offers a 0% introductory APR on purchases for the first 12 months, making it a great option for businesses looking to finance large purchases.
Discover it Business Card
The Discover it Business Card offers a unique cash back program with rotating categories. Cardholders can earn 5% cash back on up to $2,000 in purchases each quarter in categories that change every three months, and 1% cash back on all other purchases. The card also has no annual fee and doubles all cash back earned in the first year, making it a great option for businesses looking to maximize their rewards.
In conclusion, small business owners can benefit greatly from cash back credit cards. The Chase Ink Business Cash, Capital One Spark Cash for Business, American Express Blue Business Cash, and Discover it Business Card are all great options to consider. Each card has unique benefits, so it’s important for business owners to carefully evaluate their business’s needs and spending habits before choosing a card that best fits their needs. Remember to always pay your balance in full each month in order to avoid interest charges and fees.
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