Updated on Feb 7, 2020

Best Business Credit Cards of 2020

Streamline your expenses and earn rewards with the right business credit card.
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Independently researched content by us. Free financial advice for you. To do that, we may get compensation when you click on our partners’ products. Our lists consist of the best cards from our partners. Not all cards in the marketplace have been evaluated. View our full advertiser disclosure to learn more.

The best business credit cards offer rewards in categories where businesses often spend the most, while helping them build their credit history. If you’re a business owner who’s interested in getting a credit card, browse our list of the best business credit cards of 2020.

Summary

The Best Business Credit Cards of 2020

  • American Express® Blue Business Cash Card APPLY NOW
    Partner Offer
    Best for no annual fee American Express® Blue Business Cash Card
    Apply Now on American Express's secure website
  • Ink Business Unlimited℠ Credit Card LEARN MORE
    Best for flat-rate cash back Ink Business Unlimited℠ Credit Card
    Learn More on creditcards.com's secure website
  • Ink Business Cash℠ Credit Card LEARN MORE
    Best for office supplies and internet Ink Business Cash℠ Credit Card
    Learn More on creditcards.com's secure website
  • Capital One® Spark® Miles for Business APPLY NOW
    Best for sign up bonus Capital One® Spark® Miles for Business
    Apply Now on Capital One's secure website
  • The Business Platinum® Card from American Express APPLY NOW
    Partner Offer
    Best for business travel The Business Platinum® Card from American Express
    Apply Now on American Express's secure website
  • Brex Corporate Card for Ecommerce APPLY NOW
    Best for online businesses Brex Corporate Card for Ecommerce
    Apply Now on Brex's secure website
  • Discover it® Miles APPLY NOW
    See Rates & Fees
    Best for freelance travelers Discover it® Miles
    Apply Now on Discover's secure website
  • Capital One® Spark® Miles Select for Business APPLY NOW
    Best for small business owners Capital One® Spark® Miles Select for Business
    Apply Now on Capital One's secure website

Companies can use business credit cards to pay for expenses and earn rewards, overcome financial challenges, improve their cash flow and build their credit scores — which is important for getting loans and other forms of credit.

Having a business credit card can also help you keep your business and personal finances separate, making accounting easier. According to the Federal Reserve, more than 50% of U.S. employer firms use credit cards, and it’s easy to see why.

Partner Offer Apply Now on American Express's secure website

Best for no annual fee

American Express® Blue Business Cash Card

Reward details 2% cash back on all eligible purchases, then 1% purchase
Redeem for... Cash back

Current Offer No current offer
Annual Fee No annual fee (See Rates & Fees)
Highlights Provided by American Express Show Highlights
  • Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
  • From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power§.
  • Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
  • 0.0% intro APR on purchases and balance transfers for 12 months, then a variable rate, 14.74%, 17.74%, or 20.74%, based on your creditworthiness and other factors as determined at the time of account opening.
  • No Annual Fee
  • Terms Apply
  • See Rates & Fees
  • Issuer: American Express
  • Annual Fee: No annual fee (See Rates & Fees)
  • Balance Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater.
  • Cash Advance APR: N/A
  • Foreign Transaction Fee: 2.7%
  • Introductory APR: 0%
  • Introductory APR Period: 12 months
  • Introductory Balance Transfer APR: 0%
  • Introductory Balance Transfer Period: 12 months
  • Ongoing APR: 14.74% - 20.74% Variable (See Rates & Fees)
  • Penalty APR: 29.99% Variable

Our two cents

Who should get it

If you don’t want to spend a lot of money on annual fees and want a card with a flat rewards rate, the American Express® Blue Business Cash Card could be an ideal choice for you.

How to use it
The American Express® Blue Business Cash Card has no annual fee (See Rates & Fees) and offers 2% cash back on all of your purchases up to $50,000 per calendar year, then 1%. If you need to go over your credit limit to provide immediate cash flow to your business, this card lets you do so without penalty. You’ll just have to pay the amount you spend over your credit limit in full at the end of your billing cycle.
Consider this

  • 2% cash back is capped at $50,000 per year, then 1%
  • Potentially high APR after intro period
  • No welcome bonus

Why you'll love it

On top of having no annual fee, the American Express® Blue Business Cash Card offers lots of perks. For starters, you won’t have to pay interest on anything you buy for 12 months (then ongoing 14.74% - 20.74% Variable (See Rates & Fees) APR). You’ll also get rental car insurance, purchase protection on everything you buy, access to a global hotline for travelers that can assist you in the event of an emergency and more.

Start your application now Back to top

Pro tip: The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the American Express® Blue Business Cash Card, your payment history, credit record, financial resources and other factors.

Learn More on creditcards.com's secure website

Best for flat-rate cash back

Ink Business Unlimited℠ Credit Card

Reward details Unlimited 1.5% cash back on every purchase made for your business
Redeem for... Cash back

Current Offer $500 bonus cash back
Annual Fee $0
  • Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase made for your business
  • Employee cards at no additional cost
  • No Annual Fee
  • Issuer: Chase
  • Annual Fee: $0
  • Balance Transfer Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
  • Cash Advance APR: 26.49% Variable
  • Foreign Transaction Fee: 3% of each transaction in U.S. dollars.
  • Introductory APR: 0%
  • Introductory APR Period: 12 Months
  • Introductory Balance Transfer APR: 0%
  • Introductory Balance Transfer Period: 12 months
  • Ongoing APR: 14.74% - 20.74% Variable
  • Penalty APR: None

Our two cents

Who should get it

If you want to earn significant cash back rewards on everything you buy, you should consider getting the Ink Business Unlimited℠ Credit Card. It gives you unlimited 1.5% cash back on every single purchase so that you don’t have to worry about spending categories.

How to use it
If you spend $3,000 within the first three months of having the Ink Business Unlimited℠ Credit Card, you’ll get a $500 cash bonus. You won’t have to rush to pay back the $3,000 either, because this card offers a 0% introductory purchase APR for the first 12 months (then an ongoing 14.74% - 20.74% Variable APR).
Consider this

  • Purchase APR between 14.74% - 20.74% Variable after the first year
  • No category bonus options
  • Foreign transaction fee

Why you'll love it

The Ink Business Unlimited℠ Credit Card’s huge sign up bonus is a winner among business owners and its lack of an annual fee makes people keep the card for a long time. If you’re looking for a business card with easy rewards and perks, this is one you’ll want to consider.

Learn More Back to top

Pro tip: To get even more cash back or points, pair the Ink Business Unlimited℠ Credit Card with another Chase card that offers a higher rewards rate in specific spending categories.

Learn More on creditcards.com's secure website

Best for office supplies and internet

Ink Business Cash℠ Credit Card

Reward details 5% cash back on the first $25,000 spent
Redeem for... Cash back

Current Offer $500 bonus cash back
Annual Fee $0
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year /li>
  • Earn 1% cash back on all other card purchases with no limit to the amount you can earn
  • Issuer: Chase
  • Annual Fee: $0
  • Balance Transfer Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
  • Cash Advance APR: 26.49% Variable
  • Foreign Transaction Fee: 3% of each transaction in U.S. dollars
  • Introductory APR: 0%
  • Introductory APR Period: 12 months
  • Introductory Balance Transfer APR: 0%
  • Introductory Balance Transfer Period: 12 months
  • Ongoing APR: 14.74% - 20.74% Variable
  • Penalty APR: See Terms

Our two cents

Who should get it

Business owners who want to maximize cash back on their business purchases would be wise to look into the Ink Business Cash℠ Credit Card. Consider this card if your business spends a decent amount of money each year on cable, phone, and internet services.

How to use it
In addition to 5% cash back on office supplies, the Ink Business Cash℠ Credit Card gives you 2% cash back on the first $25,000 you spend at restaurants and gas stations and 1% back on everything else.
Consider this

  • Spending categories are limited
  • 2% and 5% cash back rewards are capped at $25,000 per year
  • Potentially high APR after intro period

Why you'll love it

The Ink Business Cash℠ Credit Card is a stellar option if you don’t want to pay an annual fee for a credit card. It offers flexibility and a generous sign up bonus that’s easy to earn. The strategy to maximize this card should be fairly simple — spend on office supply, phone, cable, and internet purchases.

Learn More Back to top

Pro tip: If you spend $25,000 at restaurants and $25,000 on office supplies each year, you’ll get $1,750 in cash back rewards from this card. Plus, there’s no annual fee.

Apply Now on Capital One's secure website

Best for sign up bonus

Capital One® Spark® Miles for Business

Reward details Unlimited 2X miles per dollar
Redeem for... Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services

Current Offer 50,000 bonus miles
Annual Fee $0 intro for first year; $95 after that
Highlights Provided by Capital One Show Highlights
  • Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening
  • Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
  • Earn 5X miles on hotel and rental car bookings through Capital One Travel℠ using a Spark Miles card
  • Transfer your miles to 10+ leading travel loyalty programs like JetBlue™, Air Canada, and Emirates™
  • Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
  • Fly through security with one statement credit for either the $85 TSA Pre✓® application fee or the $100 Global Entry application fee
  • $0 intro annual fee for the first year; $95 after that
  • Free employee cards which also earn unlimited 2X miles from their purchases
  • Issuer: Capital One
  • Rewards Details: 2 Miles per $1 on every purchase, everywhere. 50000 Miles once you spend $4,500 on purchases within 3 months from account opening.
  • Annual Fee: $0 intro for first year; $95 after that
  • Balance Transfer Fee: N/A
  • Cash Advance APR: 24.49% (Variable)
  • Foreign Transaction Fee: None
  • Introductory APR: N/A
  • Introductory APR Period: N/A
  • Introductory Balance Transfer APR: N/A
  • Introductory Balance Transfer Period: N/A
  • Ongoing APR: 18.49% (Variable)
  • Penalty APR: 30.90% (Variable)

Our two cents

Who should get it

If you want to earn miles on all your business purchases and save on travel, you should consider the Capital One® Spark® Miles for Business. It offers unlimited 5x miles on all hotel and rental car bookings you make through Capital One Travel and 2x miles on everything else.

How to use it
If you spend $4,500 within the first three months of having the Capital One® Spark® Miles for Business, you’ll get 50,000 bonus miles.
Consider this

  • Requires good to excellent credit
  • Annual fee of $0 intro for first year; $95 after that
  • High Penalty APR

Why you'll love it

The Capital One® Spark® Miles for Business is a great option if you’d like to tally up your travel rewards, but your business spending doesn’t always involve travel. Rather than offer a higher rewards rate on travel-related purchases and a lower rate on everything else, this card rewards you for spending on anything.

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Pro tip: Fly through security with one statement credit for either the $85 TSA Pre✓® application fee or the $100 Global Entry application fee.

Partner Offer Apply Now on American Express's secure website

Best for business travel

The Business Platinum® Card from American Express

See Rates & Fees
Reward details Extra half point per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year. (Terms apply)
Redeem for... Flights; hotel and resort stays; rewards from many of your favorite brands, restaurants, and retailers at membershiprewards.com

Current Offer Welcome Offer: Earn up to 75,000 Membership Rewards® points.
Annual Fee $595 (See Rates & Fees)
Highlights Provided by American Express Show Highlights
  • Welcome Offer: Earn up to 75,000 Membership Rewards® points.
  • Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases made on your Business Platinum Card® within your first 3 months of Card Membership.†
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Get 50% more Membership Rewards® points. That's an extra half point per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year when flight is booked on amextravel.com.
  • Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
  • Terms Apply
  • See Rates & Fees
  • Issuer: American Express
  • Annual Fee: $595 (See Rates & Fees)
  • Balance Transfer Fee: N/A
  • Cash Advance APR: N/A
  • Foreign Transaction Fee: N/A
  • Introductory APR: N/A
  • Introductory APR Period: N/A
  • Introductory Balance Transfer APR: N/A
  • Introductory Balance Transfer Period: N/A
  • Ongoing APR: N/A
  • Penalty APR: N/A

Our two cents

Who should get it

The Business Platinum® Card from American Express is ideal for business owners who spend heavily on travel. When you use this card to book flights and hotels, you’ll earn an impressive rewards rate of 5x points. You can also earn 50% more Membership Rewards® points, that’s an extra half point per dollar, on each eligible purchase of $5,000 or more.

How to use it
The Business Platinum® Card from American Express offers gives you access to more than 1,200 luxury airport lounges worldwide. You’ll also automatically receive Hilton Honors Gold Status, which gives you benefits like free breakfast and room upgrades at Hilton hotels.
Consider this

Why you'll love it

The Business Platinum® Card from American Express features incredible rewards potential if you’re in the business of traveling and purchasing big-ticket items. You can use The Business Platinum® Card from American Express to maximize your rewards in these categories and never have to worry about traveling in style.

Start your application now Back to top

Pro tip: If you use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline (up to 500,000 bonus points per calendar year when flight is booked on amextravel.com), you’ll earn back 35% points back.

Best for online businesses

Brex Corporate Card for Ecommerce

Reward details N/A
Redeem for... N/A

Current Offer 30,000 in Brex Rewards points
Annual Fee Up to $60
Highlights Provided by Brex Show Highlights
  • 30,000 in Brex Rewards points upon signup and waived card fees for life ($300+ value in the first year)*
  • 60-day interest-free non-revolving credit for e-commerce businesses. Pay for your inventory today and you'll have 60 days to pay Brex back.
  • Credit card limit is up to 75% of your business's monthly sales (with maximum credit limit of $5 million).
  • $100,000 in monthly sales required to qualify for Brex.
  • No personal guarantee needed - we do not ask for a personal credit check or security deposit during the application.
  • Instant approvals and access a virtual card immediately for online and recurring transactions. Seamlessly add new users, issue new cards, and set specific spending limits.
  • Enjoy worldwide acceptance with no foreign transaction fees.
  • Make employee expenses seamless - automated receipt-capture and expense matching and reconciliation via text and email.
  • Simplify reconciliation with built-in integrations with Quickbooks, Xero and more.
  • Never liable for unauthorized transactions. Your account stays secure with 24/7 real-time fraud monitoring.
  • Issuer: Brex
  • Annual Fee: Up to $60
  • Balance Transfer Fee: N/A
  • Cash Advance APR: N/A
  • Foreign Transaction Fee: N/A
  • Introductory APR: N/A
  • Introductory APR Period: N/A
  • Introductory Balance Transfer APR: N/A
  • Introductory Balance Transfer Period: N/A
  • Ongoing APR: N/A
  • Penalty APR: N/A

Our two cents

Who should get it

The Brex Corporate Card for Ecommerce is great for online businesses that need longer payment terms to manage cash flow, buy inventory and advertise their products. You’ll have 60 days to pay for any of the purchases you make.

How to use it
To qualify for the Brex Corporate Card for Ecommerce, your credit card limit is up to 75% of your business’s monthly sales (with maximum credit limit of $5 million) and your business must make at least $100,000 in sales every month. You can get instantly approved for this card and access it virtually.
Consider this

  • No rewards
  • Must have a business for at least a year to qualify
  • $5 million credit limit

Why you'll love it

You won’t have to pay annual fees or interest on anything you buy with the Brex Corporate Card for Ecommerce, which will save your business thousands. The card allows you to completely separate your personal finances from your business, so Brex will never go after your personal assets if you default.

Start your application now Back to top

Pro tip: Take advantage of this card’s discounts with certain services like Google Ads and Postscript.

Best for freelance travelers

Discover it® Miles

Reward details Unlimited 1.5x miles on every purchase
Redeem for... Statement credits towards travel purchases

Current Offer First year mile-for-mile match
Annual Fee $0
Highlights Provided by Discover Show Highlights
Card Highlights Provided by Discover:
  • UNLIMITED BONUS: Discover will match ALL the Miles you’ve earned at the end of your first year, automatically. For example, if you earn 35,000 Miles, you get 70,000 Miles. That’s $700 towards travel! The more you earn, the more you get.
  • Earn unlimited 1.5x Miles for every dollar spent on all purchases - with no annual fee.
  • No Blackout Dates. Simply pay for travel purchases like airlines, hotels, rental cars, and more with your Discover it® Miles card.
  • Miles Pay You Back. Easily redeem Miles as a statement credit for travel purchases. Or get cash.
  • Freeze your account in seconds with an on/off switch either on the mobile app or website to prevent new purchases, cash advances, and balance transfers.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • Issuer: Discover
  • Rewards Details: 1.5 Miles per dollar on all purchases. .
  • Annual Fee: $0
  • Balance Transfer Fee: 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
  • Cash Advance APR: 26.49% Variable
  • Introductory APR: 0%
  • Introductory APR Period: 14 months
  • Introductory Balance Transfer APR: 10.99%
  • Introductory Balance Transfer Period: 14 months
  • Ongoing APR: 13.49% - 24.49% Variable

Our two cents

Who should get it

The Discover it® Miles card is great for budget-conscious freelancers who want to earn miles without spending hundreds of dollars on credit card fees. Although this card doesn’t come with as many premium travel perks, it does offer unlimited 1.5x miles on every purchase.

How to use it
At the end of your first year, Discover will match all of the travel miles that you’ve earned. The Discover it® Miles card also offers a 0% introductory APR of 14 months on purchases and 10.99% on balance transfers for 14 months, allowing you to save on interest (ongoing APR for purchases and balance transfers is 13.49% - 24.49% Variable). Along with these benefits, there is no annual fee.
Consider this

  • Cannot transfer miles to travel loyalty programs
  • Must wait a year to earn sign up bonus
  • The first late payment is free, but all subsequent late payments are up to $39

Why you'll love it

Earning travel rewards with the Discover it® Miles feels effortless. There’s no need to track spending in select categories — simply use the card for every purchase you make and watch the miles stack up over time. The automatic mile-for-mile match at the end of your first year makes this card an even sweeter deal for business and freelance travelers alike.

Start your application now Back to top

Pro tip: Traveling overseas? Rest assure that you won’t be charged a foreign transaction fee when you use the Discover it® Miles card.

Apply Now on Capital One's secure website

Best for small business owners

Capital One® Spark® Miles Select for Business

Reward details Unlimited 1.5X miles per dollar
Redeem for... Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services

Current Offer 20,000 miles
Annual Fee $0
Highlights Provided by Capital One Show Highlights
  • Earn unlimited 1.5X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
  • Earn a one-time bonus of 20,000 miles – equal to $200 in travel – once you spend $3,000 on purchases within the first 3 months from account opening
  • Earn 5X miles on hotel and rental car bookings through Capital One Travel℠ using a Spark Miles Select card
  • Save on interest with 0% intro APR on purchases for 9 months; 14.49% - 22.49% variable APR after that
  • No annual fee
  • Transfer your miles to 10+ leading travel loyalty programs like JetBlue™, Air Canada, and Emirates™
  • Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
  • Free employee cards which also earn unlimited 1.5X miles from their purchases
  • Issuer: Capital One
  • Rewards Details: 1.5 Miles per $1 on every purchase. 20000 Miles once you spend $3,000 on purchases within the first 3 months from account opening.
  • Annual Fee: $0
  • Balance Transfer Fee: N/A
  • Cash Advance APR: 24.49% (Variable)
  • Foreign Transaction Fee: None
  • Introductory APR: 0% on purchases
  • Introductory APR Period: For 9 Months
  • Introductory Balance Transfer APR: N/A
  • Introductory Balance Transfer Period: N/A
  • Ongoing APR: 14.49% - 22.49% (Variable)
  • Penalty APR: 30.90% (Variable)

Our two cents

Who should get it

The Capital One® Spark® Miles Select for Business is ideal for small business owners who want to use a single business credit card to make tracking expenses easier. It gives you 1.5% miles per dollar on everything you buy, so you won’t have to worry about rotating bonus categories.

How to use it
With the Capital One® Spark® Miles Select for Business, you’ll get detailed payment summaries to help you with accounting, a flexible payment schedule that suits your needs and warranty protection on everything you buy.
Consider this

  • Potentially high APR after intro period
  • High Penalty APR
  • High spend required to earn sign up bonus

Why you'll love it

The unlimited 1.5% miles per dollar you could take home with the Capital One® Spark® Miles Select for Business makes it a staple travel card for business owners. With this credit card, the rewards don’t expire as long as the account remains open, and there’s no cap on how much cash back you can receive.

Start your application now Back to top

Pro tip: Free employee cards which also earn unlimited 1.5X miles from their purchases.

Card Rewards Rate Annual Fee Welcome Bonus
American Express® Blue Business Cash Card – Best for no annual fee Earn 2% cash back on all eligible purchases up to $50,000 per year, and 1% cash back after. Terms Apply. No annual fee (See Rates & Fees) No current offer
Ink Business Unlimited℠ Credit Card – Best for flat-rate cash back Unlimited 1.5% cash back $0 Spend $3,000 in the first three months and get $500 cash bonus
Ink Business Cash℠ Credit Card – Best for office supplies and internet 5% cash back on office supplies and select business categories up to $25,000; 2% cash back at restaurants and gas stations up to $25,000; 1% cash back on everything else $0 Spend $3,000 in the first three months and get $500 cash bonus
Capital One® Spark® Miles for Business – Best for sign up bonus 2x miles on all purchases $0 intro for first year; $95 after that Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening
The Business Platinum® Card from American Express – Best for business travel 5x points on flights and prepaid hotels on amextravel.com; get 50% more Membership Rewards® points. That’s an extra half point per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year. Terms Apply. $595 (See Rates & Fees) Spend $10,000 within the first three months and get 50,000 points, or spend $20,000 and get 75,000 points. Terms Apply.
Brex Corporate Card for Ecommerce – Best for online businesses No interest or fees. Preferred pricing on certain services such as Google Ads Up to $60 $75,000 points upon signup and waived credit card fees (over $750 value).
Discover it® Miles – Best for freelance travelers 1.5x miles on all purchases and match of the miles you earn at the end of your first year $0 Unlimited Bonus: Discover will match all the Miles you’ve earned at the end of your first year, automatically.
Capital One® Spark® Miles Select for Business – Best for small business owners 1.5X miles per dollar on every purchase $0 Spend $3,000 within the first three months and get 20,000 miles which is equal to a $200 cash bonus.

FAQs

Business credit cards can be used by all types of businesses to pay for expenses, build credit and earn rewards. If you’re interested in getting one, we answer all your questions concerning business credit cards below.

What are business credit cards?

A business credit card is a type of credit card intended for business use rather than personal use. It can be used by you and your employees to pay for necessary business expenses, such as office supplies and travel. They usually offer better sign up bonuses and rewards than personal credit cards, often with lower annual fees and higher credit limits.

What qualifies you for a business credit card?

It’s easier to qualify for a business credit card than you think. If you earn income from selling something or performing a service, even if it’s just a few thousand dollars a year, you will likely be able to qualify. You may even be able to get a business credit card before you’ve turned a profit if you have a good personal credit score.

Can I get a business credit card with my EIN (employer identification number)?

Some business credit cards, especially cards designed for bigger companies, allow you to apply with your employer identification number (EIN) instead of your social security number. This often means that your personal credit history won’t be checked during the application process, and your assets won’t be on the line if your company defaults on the card. However, most corporate cards require millions of dollars in revenue. Therefore, if you’re a sole proprietor or you run a small business, you’ll likely have to use your social security number to get a business credit card.

How to apply for a business credit card

Most credit card companies allow you to apply for a business credit card online. You’ll need to provide information like your company’s name, address and annual revenue. You’ll also need to include some personal information like your social security number and income in your application. Once you’ve completed the online forms, you should get your decision shortly. If you’re approved, you will receive the designated card in the mail within a week or two.

How do I build credit for my LLC?

There are two main ways that you can build credit as a business — working with vendors that report payments to business credit bureaus and opening a business credit card. The main factors that determine your business credit score are how consistent you are with payments and how much credit you use, so it’s important to pay all of your bills on time and be smart with your spending.

How can I check my business credit?

Experian, Dun & Bradstreet and Equifax are the three major credit bureaus that provide business credit reports. To check your business credit score, you have to go to one of their websites and pay a small fee to see your full credit report.

Do business credit cards affect your personal credit score?

Being the main account holder of a business credit card may affect your personal credit score. Almost all issuers require you to sign a personal guarantee before you can get a business credit card. A personal guarantee is an agreement that gives your creditor the right to go after your assets if your company falls behind on payments. If your business goes through a financial rough patch, the delinquency will show up on your personal credit report and could impact your credit score.

How many credit cards should a small business have?

There isn’t a magic number when it comes to how many business credit cards you should have. If your business has lots of expenses, it may make sense for you to have multiple credit cards to have access to more credit and to maximize the rewards you can earn. However, spreading out your expenses across multiple cards can make it harder to keep everything organized. So if you do choose to use multiple cards, make sure you have solid accounting strategies in place so you don’t end up with a surprise bill at the end of the month.

How to use a business credit card to manage cash flow and earn rewards

If you’re waiting on payments from customers but have expenses you need to cover in the meantime, you can charge them to your credit card. As long as you stick to making purchases you can pay off before any interest is charged, having a business credit card will save you money and earn rewards.

For rates and fees of The Business Platinum® Card from American Express, please click here.
For rates and fees of American Express® Blue Business Cash Card, please click here.

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