The Top 5 Business Credit Cards of 2021
Are you a business owner who wants to manage expenses better and earn rewards while doing so? If yes, then business credit cards can be your savior. Business credit cards not only help you keep track of your expenses but also help you make big-ticket purchases without putting stress on your cash flow. Here are the top 5 business credit cards of 2021 that can help you earn rewards and improve your credit score.
1. Chase Ink Business Preferred Credit Card
The Chase Ink Business Preferred credit card offers a massive sign-up bonus of 100,000 points after you spend $15,000 in the first three months. These points can be redeemed for $1,250 in travel rewards or $1,000 in cash back. The card also offers triple points per dollar on travel, shipping, internet, cable, and phone services, and advertising purchases on social media and search engines. The annual fee for the Chase Ink Business Preferred credit card is $95.
2. American Express Blue Business Cash Card
The American Express Blue Business Cash card offers a flat 2% cashback on all purchases up to $50,000 annually. After $50,000 annual spending, the cashback rate reduces to 1%. The card has no annual fee, and the rewards are automatically credited to your account.
3. Capital One Spark Cash for Business
If your business spends big, then the Capital One Spark Cash for Business credit card can be your go-to option. The card offers an unlimited 2% cashback on all purchases, with no limit on how much you can earn. The card comes with a $95 annual fee, which is waived for the first year.
4. American Express Business Gold Card
The American Express Business Gold card offers rewards on several business expenses, including 4x points per dollar on two categories (from a list of six) where you spend the most each month. The categories include airfare, gas stations, restaurants, shipping, advertisements, and computer hardware and software. The card comes with a $295 annual fee.
5. CitiBusiness AAdvantage Platinum Select World Mastercard
The CitiBusiness AAdvantage Platinum Select World Mastercard is an excellent choice for business owners who travel frequently. The card offers two miles per dollar spent on American Airlines purchases, gas stations, telecommunications, car rentals, and cable and satellite providers. It also offers complimentary checked baggage, priority boarding, and a long list of travel insurance benefits. The card comes with a $99 annual fee, which is waived for the first year.
In conclusion, if you’re a business owner looking for a credit card to manage expenses and earn rewards at the same time, consider one of the above options. Carefully analyze your business expenses, credit score, and the type of rewards you need before selecting the right card for you. Always pay your credit card bills on time and try to avoid carrying a balance to avoid costly interest charges.
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