I don’t know about you, but I want my money to go as far as it can, especially in today’s world. Running a business can have many unavoidable expenses; however, learning how to make your money work for you can have some amazing perks and rewards, such as free flights, free hotel stays, gift cards, and more. Having the right financial tools can make a significant difference. Business credit cards not only facilitate transactions, but they also come loaded with amazing benefits. With so many options available, choosing the right business credit card can become overwhelming. To help you choose which option is best for you, I’ve curated a list of the top 5 business credit cards: a guide to benefits and perks that stand out for their exceptional benefits and perks.
Chase Ink Business Preferred Credit Card
The Chase Ink Business Preferred Credit Card is the card that I personally use, love, and have benefited from. It has great perks, and recently I took my entire family to Ireland and didn’t pay a dime for airline tickets.
This card is targeted primarily at small to mid-sized businesses and offers a generous sign-up bonus, making it an attractive choice right from the start. Upon spending a certain amount within the initial months, cardholders can enjoy a substantial bonus in the form of points that can be redeemed for travel, cash back, or other options.
One standout feature of this card is its flexible redemption options. Points earned can be transferred to popular travel loyalty programs, providing incredible value for businesses that frequently travel. Moreover, the card offers cell phone protection and trip cancellation/interruption insurance, providing a safety net for unexpected events.
With the Chase Ink Business Preferred Credit Card, you also get access to an incredible rewards program, earning extra points for various business-related expenses, such as advertising purchases and travel. The card does come with an annual fee, but the benefits far outweigh the cost for businesses seeking a comprehensive rewards program.
American Express Business Platinum Card
For businesses that value luxury and premium services, the American Express Business Platinum Card is an excellent choice. While it does come with a higher annual fee, the perks and benefits are designed to elevate the corporate experience.
One of the most notable features of this card is its airport lounge access. With access to Centurion Lounges, Delta Sky Clubs, and Priority Pass lounges, business travelers can enjoy a touch of luxury and comfort during layovers. Additionally, the card provides an annual airline fee credit, which can be used to cover incidental fees like baggage charges and in-flight purchases.
The American Express Business Platinum Card also has great travel benefits, offering complimentary elite status with hotel loyalty programs and a credit for Global Entry or TSA PreCheck. Furthermore, the Membership Rewards program provides a diverse range of redemption options, from travel and gift cards to merchandise and statement credits.
Capital One Spark Cash for Business
Capital One Spark Cash for Business caters to the needs of small businesses by providing a straightforward and lucrative cash back rewards system. With a flat-rate cash back percentage on all purchases, this card eliminates the complexity of tiered rewards categories, making it a practical choice for businesses with diverse spending patterns.
The unlimited 2% cash back on every purchase can significantly contribute to a business’s bottom line. Furthermore, the card offers a substantial cash bonus for reaching a specific spending threshold within the initial months, giving small businesses a financial boost right from the start.
Capital One Spark Cash for Business doesn’t skimp on additional perks, either. It provides free employee cards, allowing business owners to earn rewards on their team’s spending. The lack of foreign transaction fees makes it an ideal companion for businesses engaged in international transactions.
CitiBusiness / AAdvantage Platinum Select Mastercard
For businesses that frequently take to the skies, the CitiBusiness/AAdvantage Platinum Select Mastercard is tailored to provide exceptional travel benefits, particularly with American Airlines. This co-branded credit card offers a generous signup bonus, giving you a pretty big number of AAdvantage miles once you have met the spending requirement.
Cardholders can earn double miles on select business-related expenses, including telecommunications, gas stations, and eligible American Airlines purchases. Additionally, the first checked bag is free for the cardholder and companions on domestic American Airlines flights, offering a tangible benefit for businesses with regular air travel needs.
The CitiBusiness/AAdvantage Platinum Select Mastercard extends its value by providing preferred boarding on American Airlines flights and a 25% discount on in-flight purchases. With no foreign transaction fees, this card is a solid choice for businesses engaged in both domestic and international travel.
Wells Fargo Business Platinum Credit Card
Sometimes, simplicity is key, and the Wells Fargo Business Platinum Credit Card excels in providing a straightforward and uncomplicated approach to business spending. This card is an excellent fit for businesses seeking a no-frills option with a focus on essential features and benefits.
One standout feature of the Wells Fargo Business Platinum Credit Card is its unique rewards structure. Instead of earning traditional points or miles, cardholders earn cash back on every purchase. This cash back can be redeemed as a statement credit or deposited into a Wells Fargo business account, offering flexibility in how businesses utilize their rewards.
Moreover, the card comes with a competitive introductory APR for purchases and balance transfers, providing a financial buffer for businesses looking to manage cash flow effectively. With no annual fee, the Wells Fargo Business Platinum Credit Card is a cost-effective option for businesses that prioritize simplicity and practicality.
Choosing the right business credit card depends on what is important to you and your priorities. It’s important to take careful consideration of your business’s needs and spending patterns as well. The top five business credit cards mentioned above cater to a variety of preferences, from excellent rewards programs to cash back options. By aligning your business goals with the features and benefits offered by these credit cards, you can make an informed decision that enhances you financially. When you take the time to research, understand, and implement different rewards programs, you’ll reap the rewards of making your hard-earned money go even further and also get to enjoy the benefits.
