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As an entrepreneur, managing finances and maximizing rewards is a critical part of running a successful business. One way to make the most of your spending is by choosing the right credit card. With so many options available, it can be challenging to find the best fit for your needs. To help you make an informed decision, we have compiled a list of the top 10 credit cards for entrepreneurs as updated for April 2023, complete with their key features and benefits.
10. Citi® Double Cash Card – Business
- No annual fee
- Good rewards for everyday spending
- No foreign transaction fees
9. PayPal Business Debit Mastercard®
- 2% cash back on all purchases
- No annual fee
- Good rewards for everyday spending
- No foreign transaction fees
8. American Express® Blue Business Cash™ Card
- 2% cash back on all eligible purchases up to $50,000 in spending per year
- 1% cash back thereafter
- No annual fee
- Good rewards for everyday spending
- No foreign transaction fees
7. Discover it® Business Cash Back Card
- 5% cash back on up to $2,000 in combined purchases in bonus categories each quarter you activate
- 1% cash back on all other purchases
- No annual fee
- Good rewards for rotating categories
- No foreign transaction fees
6. Chase Ink Business Cash® Credit Card
- 2% cash back on all purchases, excluding office supplies and internet/cable/phone services
- $95 annual fee
- 75,000 bonus points after spending $7,500 in the first 3 months
- Good rewards for everyday spending
- Good sign-on bonus
- No foreign transaction fees
- High credit score required
5. U.S. Bank® Business Cash Rewards Visa®
- 2% cash back on all purchases up to $50,000 in spending per year
- 1% cash back thereafter
- No annual fee
- Good rewards for everyday spending
- No foreign transaction fees
4. Bank of America® Business Advantage Unlimited Cash Rewards Mastercard®
- 2% cash back on all purchases
- Unlimited 2% cash back on gas station and online shopping purchases
- No annual fee
- Good rewards for everyday spending
- No foreign transaction fees
3. Capital One Spark Miles for Business
- 2 miles per dollar on all purchases
- Unlimited 2x miles on flights booked directly with airlines or through Capital One Travel
- $95 annual fee
- 75,000 bonus miles after spending $4,500 in the first 3 months
- Excellent rewards for travel
- Good sign-on bonus
- No foreign transaction fees
- No annual fee for the first year
2. American Express® Business Gold Card
- 4 points per dollar on U.S. restaurants, gas stations, and flights booked directly with airlines
- 2 points per dollar on all other eligible purchases
- $295 annual fee
- 75,000 bonus points after spending $4,000 in the first 3 months
- Excellent rewards for travel and dining
- Good sign-on bonus
- No foreign transaction fees
- High credit score required
1. Chase Ink Business Preferred® Credit Card
- 3 points per dollar on travel, shipping, internet, cable, and phone services
- 2 points per dollar on gas stations, restaurants, and office supply stores
- $95 annual fee
- 80,000 bonus points after spending $7,500 in the first 3 months
- Excellent rewards for travel and everyday spending
- Good sign-on bonus
- No foreign transaction fees
- High credit score required
When selecting a credit card for your business, it’s crucial to consider your spending habits and the rewards most valuable to you. The cards on this list offer a range of reward options, such as travel, dining, everyday spending, and rotating categories. They also provide various benefits like sign-on bonuses, no foreign transaction fees, and tiered or unlimited cashback rewards.
There are many ways to save money too, you can also read our article Top 5 Ways To Save Money While Using Virtual Credit Cards
By evaluating the details of each card, including annual fees, reward structures, and credit score requirements, you can choose the one that best aligns with your needs and helps manage your business expenses more efficiently. Keep in mind that your credit score plays a significant role in qualifying for these cards, so maintaining a strong credit history is essential for accessing the best options available.
