If it’s been a few years since you have last applied for a business credit card, you might be surprised at how much the rewards opportunities has progressed. Since every business owner will use their business credit card differently than their personal card, this second credit card can be a door of opportunity to maximize your rewards points in ways the average consumer cannot!
Here’s a list of the best business credit cards:
- Best Business Credit Card Sign-Up Bonus: Chase Ink Preferred
- No Annual Fee Business Card: Chase Ink Cash
- Hotel Business Credit Card: Starwood
- Premier Business Credit Card: Amex Platinum
- Best Cash Back Business Card: Amex SimplyCash
Chase Ink Business Preferred
Annual Fee: $95
The Chase Ink Business Preferred has a sign-up bonus of 80,000 Ultimate Rewards points. This bonus is worth at least $1,000 in travel if you redeem your points through Chase’s website. If not, 80,000 points is worth $800 in gift cards, or cash back. You must spend $5,000 in the first 3 months of your account to receive the bonus.
The Ink Business Preferred can be a perfect addition to your wallet if you already have the personal Chase Sapphire Preferred or Sapphire Reserve as it also earns Chase Ultimate Rewards points and you can pool the points to enjoy award travel sooner.
The Chase Ink Preferred also comes with some nice additional benefits like earn 3x points per $1 on select categories. On the first $150,000 in combined spending each year, you will earn 3x points on every purchase category listed below:
- Shipping purchases
- Internet, cable, and phone services
- Advertising purchases on social media and search engines
You will also receive up to $1,800 in cell phone protection, no foreign transaction fees, free employee cards, and a 25% bonus when redeeming your points through Chase’s website. Plus, you can transfer your points out to your favorite Ultimate Rewards travel partner which includes United, British Airways Avios (includes American and Alaska Airlines), Southwest Airlines, Hyatt, and Marriot to name of few of the transfer options.
Chase Ink Business Cash Card
Annual Fee: $0
The Chase Ink Business Cash is another worthy option if you don’t want to pay an annual fee but still want to earn Ultimate Rewards points with every purchase that can be redeemed for travel if you own the Chase Sapphire Preferred at 1.25 cents each (instead of 1 cent each).
You have the opportunity to earn up to 5 points per dollar with the following purchases:
- 5% cash back at office supply stores and phone, internet, and cable services (first $25,000 combined)
- 2% cash back at gas stations and restaurants (first $25,000 combined annually, then 1%)
- 1% cash back for all remaining purchases
Your rewards points can be redeemed for cash statement credits, award travel, and gift cards with a 1% redemption rate (10,000 points=$100). But, if your points can be worth 1.25 cents each (10,000 points=$125) if you also own a Chase Sapphire Preferred which offers a 25% redemption bonus when points are redeemed for award travel on Chase. And Chase Sapphire cardmembers have the option to transfer their points on 1:1 basis to multiple airline and hotel programs; you can’t do this with any of the Chase cash rewards cards like the Ink Business Cash or personal Freedom cards.