Small businesses should charge their expenses onto a credit card so that they can earn some cash back on their yearly expenditure. Getting a business credit card is the best option because it can separate your business expenses from your personal expenses. Many of the business credit cards in the market offer great rewards program and signup bonuses. Business credit card is ideal for small businesses earning annual revenue of less than millions. The following are the top 4 business credit cards for small businesses.
1. Capital One Spark Cash For Business
Capital One Spark Cash for Business provides is a flat rate card that allows you to earn unlimited 2% cash back on everything that you spend which can help you to save thousands of dollars. After spending $4,500 in 3 months, you will get to earn a $500 cash bonus. The card is best for small businesses that are going to spend a minimum of $11,800 per year. At this level of spending, the rewards points you earn will be able to cover the $59 annual fee.
2. Ink Business Cash Credit Card
Ink Business Cash Credit Card offers a huge signup bonus of 80,000 rewards points for those who have spent at least $5,000 within a period of 3 months. You will earn 5% cash back for expenses in categories including internet/cable/phone, advertising and shipping. You will also earn 2% cash back on gas and dining for the first $25,000 spent. You get a free coverage of up to $600 for your phone and your employees’ phones if you use the card to pay your mobile phone bill. Ink Business Cash Credit Card offers 0% APR for a 1 year period.
3. SimplyCash Plus Business Credit Card
SimplyCash Plus Business Credit Card offers a 5% cash back on office supplies and service providers for the first $50,000 spent after which you will earn an unlimited 1% cash back. Additionally, it offers 7 categories where small businesses can choose one category to earn 3% cash back provided that they spent a minimum of 50,000 year. The 7 categories are gas, dining, media advertising, shipping, airfare, hotel, car rental and computing purchases.
4. Amex Starwood Preferred Guest Business Credit Card
Amex Starwood Preferred Guest Business Credit Card offers a signup bonus of 25,000 for the first $5,000 spent within a period of 3 months. The card allows you to earn 5 Starpoints at a SPG hotel and 2 Starpoints on purchases in approved categories. You will also earn 1 Starpoint on other purchases. The annual fee of $150 is tax deductible. Starwood Preferred Guest Credit Card is suitable for small businesses with a minimum expenditure of at least $9,000 per year. Amex Starwood Preferred Guest Business Credit Card offers perks such as free Wi-Fi, complimentary access to lounge, free flights and no foreign transaction fees.