A quick trip to the business section of your local bookstore will reveal that when someone succeeds in business, everyone wants to know their secret. Most of these books cover the management strategies and personal habits of business leaders, but you’re unlikely to find information about the best business credit cards there. Successful business owners will prefer to use the best credit cards in order to maximize their rewards and utilize the most valuable benefits.
Here are five of the most popular credit cards for business owners, and what makes them so special:
Chase’s no-annual-fee small business card starts off strong:.
New cardholders also receive. There’s no annual fee for this card, but there is a foreign transaction fee of
This recently introduced card offers impressive rewards, valuable financing and no annual fee.Points are earned in the American Express Membership Rewards program, which can be redeemed for gift cards, merchandise, and travel reservations. Or, you can transfer your points to miles with 16 different airlines.
This card also features an introductory APR of, with a 3% balance transfer fee. There’s a annual fee for this card, but be weary of the foreign transaction fee, which is
Another popular American Express card for small businesses is its SimplyCash card. This card offers 5% cash back at U.S. office supply stores and on wireless telephone services purchased directly from U.S. service providers. You also get 3% cash back on purchases from your choice of categories including U.S. gas stations, restaurants, airfare and hotel rooms.
New cardholders also receive an introductory APR of, with a 3% balance transfer fee. There’s a annual fee for this card, but it has a foreign transaction fee of .
Capital One is known for it’s “No Hassle” rewards program, and this business card delivers on that promise. It offers unlimited 1% cash back on all purchases with no minimum to redeem. And unlike many premium reward cards that require good or excellent credit, it’s available to small business owners with merely average credit. There’s no annual fee for this card, and no foreign transaction fees.
For small business owners with excellent credit, the Spark Cash Select features an even higher level of rewards. It offers 1.5% cash back on all purchases, with no limits. New cardholders can also receive a $200 cash bonus once they spend $3,000 on new purchases within three months of account opening. New customers also receive an introductory APR of. There’s no annual fee for this card, and no foreign transaction fees.