Best Small Business Credit Cards of 2020

Last updated Sep 15, 2020 | By FinanceBuzz Editors

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You don't need to own a big business to see big rewards from a business credit card. Whether you're looking for bonus cash back on office supplies, a way to build business credit, or a card with no annual fee and a long 0% introductory APR period, there's a business card that will meet your needs.

Generous sign-up bonuses also sweeten the deal for small business owners and will likely leave you wanting to apply for multiple cards to take advantage of all the introductory offers and other cardholder perks. Hopefully, one of the credit cards below offers just the perks and rewards that you're looking for to get the maximum benefit from your company card.

Special Offer

Earn 100,000 points after spending $15,000 in the first 3 months

Why We Like It

For business owners looking for a rewards card with premium benefits, the Ink Business Preferred card is a standout option. It has a lucrative sign-up bonus, valuable rewards program, and flexible redemption options.

With this card, you’ll earn 3X points per $1 spent on travel, shipping purchases, internet, cable, and phone services, and advertising purchases made on social media sites and search engines — up to $150,000 in combined spending each year.

It also has comprehensive travel benefits, including trip cancellation and interruption insurance, primary car rental insurance, and cell phone protection.

Credit Needed: Good - Excellent

Special Offer

Earn $500 bonus cash back after spending $3,000 in the first 3 months

Why We Like It

If you’re a freelancer, independent contractor, or small business owner in need of a business credit card that offers valuable rewards, consider the Ink Business Cash card. It has no annual fee, a valuable sign-up bonus for new cardmembers, and rewards for common business purchases.

You don’t even need an Employer Identification Number (EIN) to apply; sole proprietors and people who run side hustles can take advantage of this card’s benefits, too.

With the Ink Business Cash card, you’ll earn 5% cash back at office supply stores and on internet, cable, and phone services — up to $25,000 spent combined each year. You’ll also earn 2% cash back at gas stations and restaurants, on up to $25,000 spent combined each year.

Credit Needed: Good - Excellent

Special Offer

Earn $500 bonus cash back after spending $3,000 in the first 3 months

Why We Like It

The Chase Ink Business Unlimited card is best for business owners who want a simple, easy-to-use rewards card. It has an easy-to-earn signup bonus, a flat rewards structure on all purchases, and an introductory APR offer on purchases that can help you save money. And, there’s no annual fee.

You’ll earn a flat 1.5% cash back on every purchase you make, with no limit on how much you can earn.

If you have a major purchase coming up for your business, you can take advantage of this card’s 0% introductory APR. You’ll get 0% APR on purchases for 12 months after account opening, giving you a full year to pay down your balance without paying interest charges.

Credit Needed: Good - Excellent

Special Offer

Earn up to 100,000 points: 70,000 points after you spend $5,000 in the first 3 months; plus, another 30,000 points after you spend $25,000 in the first 6 months

Why We Like It

The Southwest Airlines Rapid Rewards Performance Business card is a good credit card for budget-conscious business owners who travel often for work, and who prefer to fly on Southwest Airlines.

The card offers a large sign-up bonus for new cardmembers, a high rewards rate on Southwest Airlines purchases, and extra perks to enhance your travel experience.

Every year on your cardmember anniversary you’ll receive 9,000 bonus points. This bonus can help you earn Southwest A-list status and a Companion Pass. Each year, you can also take advantage of four upgraded boardings, when available.

Credit Needed: Good - Excellent

Special Offer

Earn up to $300 in statement credits ($100 at each of the following: Dell Technologies, DocuSign, and FedEx) after making an eligible purchase in first 3 months

Why We Like It

For business owners who want to earn rewards without worrying about expensive fees, the Blue Business Cash Card from American Express is a great option. It has no annual fee, and it offers a simple rewards structure that’s perfect for busy business owners who don’t want to think about different spending categories.

With the Blue Business Cash Card, you’ll earn 2% cash back on every purchase you make, on up to $50,000 spent per year. After that, you’ll earn a flat 1% cash back on every purchase.

The card also has a competitive 0% introductory APR on new purchases. You’ll pay 0% APR for 12 months, giving you a year to pay down your balance or finance a major purchase without paying interest charges. Terms apply.

Credit Needed: Good - Excellent

Special Offer

Earn up to $300 in statement credits ($100 at each of the following: Dell Technologies, DocuSign, and FedEx) after making an eligible purchase in first 3 months

Why We Like It

The Blue Business Plus Credit Card from American Express offers great rewards and earning incentives on business-related purchases with no annual fee. 

Cardmembers can create employee cards, designate an account manager, and receive a complete year-end summary each year. 

Earn 2X Membership Rewards points on everyday business purchases up to $50,000 each year, and 1X points on purchases thereafter. Terms apply.

Credit Needed: Good - Excellent

CitiBusiness / AAdvantage Platinum Select Mastercard

Special Offer

Earn 65,000 American Airlines AAdvantage bonus miles after spending $4,000 in the first 4 months

Why We Like It

The CitiBusiness® / AAdvantage® Platinum Select® World Mastercard® is an all-around viable option for businesses that frequently fly on American Airlines with high travel expenses. Our favorite benefit is the offer of reduced mileage awards.

Credit Needed: Excellent

Special Offer

Earn 130,000 Hilton Honors Bonus Points after spending $3,000 in the first 3 months

Why We Like It

The Hilton Honors American Express Business Card is a highly regarded hotel rewards credit card offering generous benefits for business travelers.

Cardmembers receive complimentary Hilton Honors Gold Status, qualifying them for an 80% bonus on all Base Points, space-available room upgrades, free weekend night rewards each year, and more.

Earn 12X Hilton Honors Bonus Points per dollar spent directly with an eligible hotel or resorts in the Hilton Honors portfolio of brands, 6X points on select business and travel purchases, and 3X points on all other eligible purchases. Terms apply.

Credit Needed: Good - Excellent

Special Offer

Earn 35,000 Membership Rewards points after spending $5,000 in the first 3 months

Why We Like It

If you’re a business owner looking for a rewards credit card that offers great travel benefits, the American Express Business Gold Card is a good choice for you.

It has a robust welcome offer for new cardmembers, you can earn valuable rewards on some of your most common business expenses. You’ll earn 4X points per $1 spent on two categories where your business spends the most money.

If you travel often for work, this card is an excellent addition to your wallet. When you book your flight with American Express Travel with your Membership Rewards Points, you’ll get 25% of those points back. Terms apply.

Credit Needed: Good - Excellent

Special Offer

Earn 75,000 Membership Rewards points after you spend $15,000 on purchases within the first 3 months

Why We Like It

The Business Platinum Card from American Express is best for business owners looking for a rewards card with premium benefits. If you make major purchases throughout the year and travel often, the card can be very useful to you and your business.

It has a lucrative welcome bonus for new cardmembers and generous rewards. You’ll earn 5X points per $1 spent on travel booked through Amextravel.com. On all other spending, you’ll get 1 point per $1 spent. However, on large purchases — $5,000 or more — you receive 1.5X points per $1 spent, up to one million extra points per year.

You’ll get Centurion Lounge access at airports, as well as access to the American Express Global Lounge Collection, Delta Sky Club, and Priority Pass Select. Each year, you’ll get up to $200 in airline credits to reimburse you for fees paid to an airline of your choice. Terms apply.

Credit Needed: Good - Excellent

Special Offer

Earn 60,000 bonus miles after spending $3,000 in the first three months

Why We Like It

The United Business card is best for business travelers who regularly fly on United and are looking for valuable rewards and travel benefits. This card boasts perks to make your next trip more pleasant.

With the United Business card, you’ll earn 2X miles per $1 spent on United, restaurants, gas stations, office supply stores, and local transit and commuting purchases.

Each year, United Business cardmembers who make seven United flight purchases of $100 or more will receive a $100 United travel credit. Every year on your cardmember anniversary, United will add two one-time United Club passes to your account, giving you airport lounge access. On all United flights, you and your travel companions on the same reservation get priority boarding. When you pay for your flight with your card, you and one companion also get one free checked bag on all United flights.

Credit Needed: Good - Excellent

How to pick the right card for your business

No two businesses are alike and different company owners will have their own unique needs when it comes to the perfect small business credit card. To find one that's right for you, consider:

  • How much you plan to spend on your card: Some cards have maximum spending limits within bonus rewards categories; others offer extra perks for big spenders. Consider your average budget and how much you can comfortably spend each month.
  • What type of spending you do the most: Business credit cards often offer bonus rewards for different spending categories, and you'll want a card that gives you extra points for the things your company spends the most on. 
  • What kinds of rewards you're interested in: Some cards offer the chance to redeem for cash back, whereas others allow you to trade points for travel or merchandise. Some even allow you to use your points with partner rewards programs. Consider how much redemption flexibility you need and which rewards excite you. 
  • How many employee cards you need: If you have lots of staff who need to charge purchases to your account, free employee cards will be an important perk. 
  • Can you afford — and justify — an annual fee: There are both free business cards and cards that charge you to become a cardholder. Paying an annual fee is worth it only if you'll earn enough rewards to justify the fee or if the cardholder perks make the fee worth paying.

FAQs

How do I get a business credit card for my business?

To obtain a business card for your company, research your options and submit an online application.

You can use your company's EIN to apply if your business is well-established. Otherwise, you'll likely want to use your personal Social Security number and apply as a sole proprietorship. 

You'll also need to provide details about your business structure and annual revenue. Based on the information you provide, the credit issuer will either approve or deny your request for credit.

Does applying for a business credit card affect personal credit?

Applying for a business card can affect your personal credit if you apply with your Social Security number, as this will result in an inquiry on your personal credit report.

Some business card issuers will report all information from your business card on your personal credit report; others report only negative information.

How many credit cards should a small business have?

The right number of credit cards depends on your company's needs. Some businesses do fine with just one good card that offers generous rewards for everyday spending or for the kind of spending the company does most often. Other businesses benefit from having multiple cards so they can take advantage of different perks or earn the maximum rewards for different kinds of spending.

Can I get a business credit card for personal use?

The definition of what constitutes a "business" for obtaining a business card is pretty relaxed. Although you shouldn't lie on your application, you can often qualify with something as simple as selling a few items on eBay or listing crafts in an Etsy store.

Once you obtain a business card, the card issuer usually won't prevent you from using it for personal use. But if you obtained the card in the name of your business and want to maintain your company's separate legal identity, or you have business partners or shareholders, you typically shouldn't use the company card for personal purchases.

Can you have a business credit card without a business?

Although you do need to have some type of business to get a business card, credit issuers are pretty lax in their requirements for what they consider to be a business.

If you make some money selling things online, babysitting, or walking the neighbor's dog, technically you could use these activities as your business and apply for a business card. Just be honest on your application and realize not every card issuer will necessarily approve you.

How we chose these cards

To select the best business credit cards, we looked for cards that offer valuable perks for businesses of all sizes. We looked at the value of these rewards, as well as the welcome bonus, compared to the annual fee. We did not include all cards available.

Get 2% Back Automatically

Benefits

  • Up to $300 in statement credits at Dell Technologies, DocuSign, and FedEx
  • Earn 2% cash back on the first $50,000 spent each year
  • 0% intro APR on purchases
  • No annual fee
  • Terms apply