Small businesses are the backbone of any thriving economy. One of the biggest challenges for small business owners is managing finances, especially when it comes to credit cards. Navigating through the plethora of options can be mind-boggling. With so many credit card options available in the market, it can be challenging to decide which one is best for your small business.
In this article, we have curated a list of the top ten best small business credit cards of 2021 to help you make informed decisions.
1. Chase Ink Business Preferred Credit Card
The Chase Ink Business Preferred Credit Card is an excellent choice for small business owners who frequently travel. It offers a welcome bonus of 100,000 membership rewards points after you spend $15,000 in the first 3 months of account opening. There are also rewards for business spending, including 3X points for every $1 spent on travel, shipping, advertising, and internet, among others.
2. American Express Business Gold Card
If you’re looking to earn maximum reward points for business purchases, the American Express Business Gold Card may be the best option for you. It comes with a welcome bonus of up to 70,000 reward points, and you’ll earn 4X reward points for every $1 spent on the two categories you spend the most in each billing cycle.
3. Capital One Spark Cash for Business
The Capital One Spark Cash for Business is the perfect option if you prefer cashback rewards instead of reward points. You’ll earn a flat 2% cash-back rate on every purchase you make, with no limit on how much you can earn. Plus, you can earn a one-time bonus of $500 after spending $4,500 in the first three months of account opening.
4. Wells Fargo Business Secured Credit Card
With a Wells Fargo Business Secured Credit Card, you’ll be able to build or improve your credit score, as this card reports to all three major credit bureaus. You can choose your credit line, starting at $500, depending on how much you want to deposit.
5. The Business Platinum Card from American Express
If you’re looking for a credit card that offers elite travel benefits and rewards, The Business Platinum Card from American Express is an excellent option. You’ll earn 75,000 membership rewards points after spending $15,000 in your first 3 months. You’ll also have access to a range of travel perks, including complimentary access to airport lounges worldwide, a $200 airline fee credit, and Uber credits.
6. Ink Business Cash Credit Card from Chase
The Ink Business Cash Credit Card from Chase is ideal for small business owners who spend a lot on office expenses. You’ll earn 5% cashback on the first $25,000 spent annually on office supply stores, internet, cable, and phone services, among others. Plus, you can earn a one-time bonus of $750.
7. The Hilton Honors American Express Business Card
If you’re a frequent traveller and prefer staying at Hilton hotels, The Hilton Honors American Express Business Card is the perfect option for you. You’ll earn 130,000 bonus points after spending $3,000 in your first three months. You’ll also receive 12X points when you use your card at Hilton hotels, 6X points on gas, wireless, shipping and all purchases made within the US restaurants, and 3X points on all other purchases.
8. Discover it Business Card
The Discover it Business Card is an excellent option if you don’t spend too much on your credit card. You’ll earn unlimited 1.5% cashback on every purchase, and your cashback will be doubled at the end of your first year. Additionally, it has no annual fee, no foreign transaction fees, and flexible payment dates.
9. Blue Business Plus Credit Card from American Express
If you’re looking for a credit card with no annual fees and rewards on every purchase, the Blue Business Plus Credit Card from American Express is an excellent option. You’ll earn 2X rewards points on all purchases up to $50,000 per year, and then 1X rewards points, with no category restrictions. Plus, you’ll earn a welcome bonus of up to $500 after spending $5,000 within the first six months of account opening.
10. CitiBusiness AAdvantage Platinum Select World Mastercard
If you’re a small business owner who frequently travels with American Airlines, the CitiBusiness AAdvantage Platinum Select World Mastercard may be the card for you. You’ll earn 70,000 AAdvantage bonus miles after spending $4,000 within the first four months of account opening, free checked bags, and priority boarding.
In Conclusion
Choosing the right credit card for your small business can be a daunting task. Still, it’s essential to find one that meets your unique business needs and budget. We hope our list of the top ten best small business credit cards of 2021 has helped you narrow down the options and make an informed decision. Remember to read the terms and conditions and weigh the rewards and fees before picking a credit card.
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