Business Credit Cards
Compare these business credit cards from our partners to find the right credit card for your business. Nav users get access to the largest selection of business credit cards so you can confidently compare your options and apply immediately.
What credit card features are most important to you?
Compare the best business credit cards offers:
|Business Credit Card||Purchase APR||Annual Fee|
|American Express Blue Business Cash™ Card||0% on purchases for 12 months from date of account opening; then 13.99% - 21.99% Variable||$0|
|CitiBusiness® / AAdvantage® Platinum Select® Mastercard®||16.74% - 25.74% (Variable)||$99, waived for first 12 months|
|The Blue Business® Plus Credit Card from American Express||0% on purchases for 12 months from date of account opening; then 13.99% - 21.99% Variable||$0|
|Divvy Smart Credit Card for Business||All charges made on this charge card are due and payable when you receive your periodic statement||$0|
|American Express® Business Gold Card||14.99% - 22.99% Variable||$295|
The Best Business Credit
Cards of 2022
Choosing the right business credit card isn’t so different from picking the right personal credit card. However, business owners need to thoroughly research their options to understand exactly how this financial tool can be used to help their business and to make sure it doesn’t backfire on their personal finances. In the 2019 Federal Reserve Small Business Credit Survey, the majority of business owners in the U.S. — regardless of size — used their own personal credit to access capital for their business. “Whether you’re a new business or an established one, business credit cards are a vital tool for funding your business,” says Nav’s Ty Kiisel, business credit and financing expert and Nav’s Content Director.
Portable, flexible, and leveraging a tool most business owners have established already (a personal credit score), business credit cards are a must-have for business owners. But with dozens of options, how do you pick the right one for your business?
Did you know?22% of business owners said that business credit cards were the top resources accessed the last time their small business needed funds.
According to the Nav’s Small Business American Dream Gap Report. Methodology here.
No single business credit card will be the best choice for all business owners across the board. Just like the business financing options available to your business, the best credit card for your business will depend on the benefits crucial to your business, what you are likely to qualify for based on your income and personal credit score, and how much cost you’re willing to incur to access capital. In this in-depth guide, we’ll cover all of the essentials to choosing the right business credit card for your business, with insights and advice from our unbiased business and credit experts.
Business Credit Cards vs. Personal Credit Cards
A business credit card and personal credit card operate in many similar ways. Both can offer bonus points, rewards points, introductory APR offers and a sign-up bonus, but there are a few distinct differences between how they’re regulated. That means there can be different terms and conditions for business cards and personal cards, and a savvy credit card shopper needs to understand those differences before they apply. First, let’s review how business and personal credit cards are similar.
1. The way they’re used.
Whether it’s a chip and PIN or a swipe, business and personal credit cards can be used for purchases online and in stores in the exact same way personal credit cards are. The fundamentals still remain the same and they include the same security features as personal cards like CVV/security codes, expiration dates, signatures, etc.
2. They rely on a personal guarantee.
Nearly every major business credit card relies on a personal guarantee (PG) from the applicant. A personal guarantee means that if you default on the credit card or make late payments, the issuer can try to collect from the cardholder, and not just the business. That can even mean suing the cardholder personally to get a judgment.
There are exceptions, though:Brex doesn’t require a PG, for example.
3. Personal credit scores are key to getting approved.
While a business credit card is for business purposes, a personal credit score is still a key qualifying factor across nearly every major business credit card. For business owners with great credit, this is awesome news — you don’t have to worry about establishing a business credit score, submitting business tax returns or financial statements, or getting someone to believe in the vision of your business as you’d need to do for other business financing options. A great credit score helps power approvals and opens up a plethora of options for the applicant to choose from. However, if you have a bad personal credit score or not enough data to produce a credit score — a major problem for the small business community, as Nav noted in its study a few years ago on credit ghosts — it can prove extremely problematic. Since businesses are already viewed as riskier borrowers from the lender’s perspective, credit requirements for business credit cards are sometimes even tighter than the personal credit card realm. There are just a handful of options from the major business credit card issuers for business owners with bad or no credit.
Note there are exceptions:Divvy may be able to approve an application based on business credit, not personal credit, and Brex does not require a personal credit check.
Next, let’s cover the major differences between personal and business credit cards.
1. Which credit bureaus get your information.
When you apply for a personal credit card, your payment and account history is generally reported to at least one, if not all three major consumer credit bureaus — Experian, Equifax and TransUnion. But when you apply for a business credit card, the issuer may not report to any of the consumer credit bureaus except in the case of default or late payment. Each issuer has its own policy in terms of whether it will report positive payment history or just negative information to consumer credit bureaus. A few don’t report to personal credit at all. (Check out this guide to the major business credit card issuers’ consumer credit reporting policies here).
This means shopping the issuer is just as important as shopping the card. If you have bad credit or limited credit history and are making on-time payments and not maxing out the card on a regular basis, having a business credit card report to the personal credit bureaus can be fantastic news — the card may help create a positive account on your personal credit and build your credit scores if used responsibly. However, if you don’t need a positive account on your personal credit history and/or plan to max out the card regularly (business owners often put larger spending balances on their credit cards, as a Nav study found), you may want to opt for an issuer that only reports if you pay late or default on the card. This way, you can take advantage of the new credit line for business purposes, but not have to worry about the credit utilization impact. (Get more insights on how credit utilization impacts your personal credit scores in this article).
The consumer credit bureaus aren’t the only ones you need to consider when selecting a business credit card, though. Business credit card issuers can also report your payment and account history to major business credit bureaus such as Experian or Equifax.
Pro Tip:Some card issuers also report to the Small Business Financial Exchange (SBFE) and that information is then available on reports sold by various business credit agencies.
You can learn more about the SBFE and the data it houses and shares in this article.
Each issuer has its own policy on which business credit bureaus to which it reports your payments and account history (you can see an issuer-by-issuer policy guide here). The key takeaway here though is that a business credit card is often the first business financing option new businesses access and it can be a quick way to begin establishing credit with the major business credit bureaus if you choose a card that reports to all three bureaus. Establishing business credit early can help you access better net terms with vendors and suppliers, and opens up larger-dollar, lower-rate and longer-term business loans down the road. If you’re going to open a new business credit card to help fund your business or make daily purchases, you might as well choose one that may help you build business credit in the process. It’s never too early to start planning for a successful business and how you’ll take it to the next level.
2. The terms & fees.
Federal regulations for consumer credit cards are quite different from those for business credit cards. Business credit cards aren’t covered by the Credit CARD Act, the federal law that protects cardholders from double-cycle billing, rate increases at any time and for any reason, and floating due dates, among other “gotchas.” By and large, the major business credit card issuers have self-regulated and implemented some or all of the same policies on rates and fees. But protections vary by issuer, so make sure you read your cardholder agreement carefully.
3. How the debt can be collected.
Third-party debt collectors collecting personal debts must follow the federal Fair Debt Collection Practices Act (FDCPA). That law offers a variety of protections including specific requirements to notify individuals about the debt, preventing debt collectors from discussing the debt with people other than the debtor, and the right for the debtor to request validation of the debt. Business credit cards don’t fall under the FDCPA and therefore debt collectors may be much more aggressive when collecting small business debts. (It’s worth noting the FDCPA does not apply to card issuers collecting their own debts, including personal credit card debt. But states may have laws that apply to those consumer debts.)
How a Business Credit Card May Help Build Business Credit
Whenever anyone applies for a credit card, there’s always a key question they ask — how will it impact my credit? That question is doubly complicated when it comes to business credit cards, as business credit cards can impact both your personal and business credit scores.You can read our article here on which credit card issuers report to the consumer credit bureaus, and how that reporting can impact your personal credit scores.
Major business credit bureaus include Dun & Bradstreet, Experian and Equifax. The Small Business Financial Exchange, though it doesn’t designate itself as a commercial credit bureau, shares business financial account information with a number of business credit bureaus, and so often your business credit card account data is shared with the SBFE, which then shares it with its Certified Vendors who can include it in business credit reports they sell.
Getting a card from credit card issuers that report may help ensure you’re building a strong business credit profile with all major bureaus. However, it also means that if you default, pay late or have other negative information on the card account, it can have a negative impact on your business credit score. Below are some quick tips that may help you build strong business credit with your business credit card.
Pick a card that reports to business credit bureaus
While it seems obvious, selecting a card that may help you build business credit means choosing one that reports to business credit bureaus. This is crucial to the real goal of building business credit — being able to leverage it down the road to establish better vendor/supplier relationships, better net terms and access larger-dollar, longer-term and lower-rate financing options like traditional bank loans and SBA loans. When considering business credit scores, a lender doesn’t have to disclose the bureau that they’re using in the lending decision.
Make your payments on time.
Just like your personal credit scores, payment history is a huge component of your business credit scores. Missing payments or making late payments consistently will help you establish a business credit score, but it likely won’t be a good one. Consistent on-time payments are crucial to building a positive business credit profile that you can leverage when the time is right.
Monitor your business credit scores for red flags/errors.
Just because an issuer reports your account to the major credit bureaus doesn’t mean that they won’t make mistakes or clerical errors. If you’re building business credit, keeping an eye on the accounts that appear on your reports and scores is vital. A “set it and forget it” policy isn’t ideal as you never know when a potential partner, lender, or investor can pull your business credit report — that’s right, unlike personal credit, there is no permissible purpose required to purchase or access your business’s credit report. There are often fees, but any private individual can pull your business’s report at any time. You can monitor and manage your business credit scores with major commercial credit bureaus with a free Nav account, which includes alerts so you can monitor your credit as you build your scores.
What to Look for When Comparing Business Credit Cards
Choosing a business credit card can feel overwhelming but ultimately the decision boils down to what’s right for your business and its goals. The main factors you’ll want to evaluate are:
- Costs: What does the card cost and how does that impact what you’ll pay?
- Rewards: If your goal is rewards you’ll want to make sure you make sure you maximize the right types of rewards.
- Features and benefits: These can range from flexible spending limits, to controls on employee accounts, to expense management tools.
Let’s dive into these into more detail:
How to Choose the Right Credit Card For Your Business
As we’ve mentioned, you need to focus on the costs, rewards and features that are most relevant to your business. Take time to think this through, and review the cards you carry annually.
If you know you will carry a balance from time to time, finding a card with a low interest rate— perhaps even a 0% introductory rate offer for purchases and/or balance transfers— will be paramount to keeping interest charges down. Most credit cards carry a variable APR that will change as interest rates in the economy change. And most will base your interest rate, at least in part, on your credit scores and other qualifications; the better your credit, the more likely you will be offered a low-rate card.
If, on the other hand, you will pay the balance in full each month, you may be most focused on maximizing the rewards you earn. In that case, you’ll weigh the cost of the annual fee against the rewards you’ll accrue. Keep in mind that some cards waive the annual fee the first year to get you in the door; make sure the ongoing cost is net positive.
If you travel overseas, or regularly make purchases from companies based outside the U.S., you’ll also want to look for a card that does not charge foreign transaction fees.
Take time to think through which rewards are most valuable to you and your business. For some, that will be travel points and other travel-related benefits such as free checked bags, airport lounge access or bonus miles. If you’re loyal to a particular brand (Delta or American Airlines, or Hilton or Marriott hotels, for example) a co-branded card will help you maximize those benefits. But if you are flexible and book travel based on cost or convenience, then a more general purpose card such as Chase Ultimate Rewards may be a better pick.
If you’re unsure, you can always choose a card with cash back rewards. You’ll earn cash back that you can use as you choose. Even then you will need to have a good handle on the types of purchases you plan to put on the card because some cards will offer higher cash back rewards for bonus categories, such as purchases at office supply stores or fuel. For some cards, bonus categories may rotate. These higher cash back rewards may work for some entrepreneurs; for others, it will be too much work and they’ll stick with…
Features and benefits
More and more business cards are making it easier for cardholders to track and categorize spending. Some take it a step further with integrated expense reporting. If you will give cards to employees, you’ll likely want to have spending controls so you can minimize unauthorized or fraudulent purchases by employees.
How to Apply for a Small Business Credit Card
The process of applying for a small business credit card is very similar to that of applying for a personal credit card. Often that means applying online. You’ll provide information about yourself and your business, and a decision can typically be made almost instantly.
It is a good idea (though not always required) to have an Employer Identification Number (EIN) before you apply. It may also be a good idea to make sure your business has a D-U-N-S number from Dun & Bradstreet before you apply. As part of the CDD regulation to prevent money laundering and other types of fraud, the applicant for the business credit card isn’t the only one who needs to provide information on the application. If you have any business partners who own more than 25% of the business or are a beneficial owner (such as Senior Manager, General Partner, Owner, Chief Executive, President/Chairperson, Treasurer, or Vice President) , they will likely need to provide personal information to make sure they are actual persons and not on a government watch list. (They will not necessarily be subjected to a credit check however.)
Pro Tip:Set up a free Nav account to access MatchFactor, our proprietary algorithm that ranks and sorts all of the credit cards in our marketplace to help you find cards you’re more likely to qualify for, based on your business and credit profile. Nav customers who used MatchFactor were 3.54x more likely to get approved for a business credit card.
Now, on to the top business credit card selections!
The Best Credit Cards For Startups
Not all business credit cards are created equal and startups have some very unique needs that a business credit card can help solve. Whether you’re a sole prop startup or have already incorporated or formed a partnership, there are business credit cards that can help you access a line of credit quickly while leveraging your personal credit.
A few key considerations startups should make when choosing a business credit card:
- How much working capital do you need?
- If you’re in a partnership or have a co-founder, whose name will be on the application?
- Who will need access to the card?
- How will it impact your personal and business credit scores?
Here’s Nav’s pick for the best credit card for startups:
Capital on Tap Business Credit Card
With no time in business requirement, and credit limits ranging from $1,000 up to $50,000, the Capital on Tap Business Credit Card can be a great business credit card for startups. Business owners with fair credit may qualify, and applying will place only a soft inquiry on your personal credit file. Like most small business credit cards, a personal guarantee is required.
It also offers rewards of:1.5% unlimited cashback with no annual fee.
The Best Business Credit Cards for Travel
If you’re traveling often for your business and have a good personal credit score, it makes sense to consider a travel rewards credit card to earn points and perks or cashback that make life on the road that much easier. Popular travel rewards include:
- Points or miles that can be redeemed for flights and/or hotel rooms
- Bonus points for purchases in specific spending categories
- Free checked bags on flights
- Priority boarding
- Collision damage waiver when you rent a car
In recent years, travel perks from major co-branded credit cards have lost some of their luster as mergers and rewards program rebrands and restructurings have eliminated some of the perks road warriors know and love. For example, across most major travel cards (even business travel options) the fares and room options available for free or at a discounted rate when using points have become fewer and fewer and the points don’t go as far anymore. However, business travelers can still benefit greatly from the rewards of a travel card, especially if other business rewards cards don’t offer cash back or rewards points for purchases in categories where you spend often.
A few key considerations you should make when choosing a business credit card for travel:
- Are you loyal to a specific airline or hotel chain or do you want to be able to use your rewards with any hotel/carrier?
- Will the card be used for international travel or domestic only?
- Who gets to use the perks/points?
- Does the card carry travel insurance or other travel-specific support or protections?
- What’s the annual fee?
The Business Platinum Card® from American Express
The The Business Platinum Card® from American Express offers a variety of valuable rewards for travelers. Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com, and 1X points for each dollar you spend on eligible purchases.. Plus:
- Get 50% more Membership Rewards® points. That’s an extra half point per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year
- Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year when you book on amextravel.com.
- Breeze through security with CLEAR® where available and get up to $179 back per year on your membership when you use your Card.
Welcome offer:Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
Read our full list of the best business credit cards for travel here to learn more about our other top picks.
The Best Business Credit Cards for Bad Credit
Business credit cards for entrepreneurs with a poor personal credit score are very limited. If you’re in between the bad and fair credit categories, taking some time to work on improving your personal credit scores opens up more options with better rates, terms and fees. (If your credit score is in the 500s or below, you may want to look into a secured card instead.)
A few key considerations you should make when choosing a business credit card for bad credit:
- What’s the APR for purchases?
- Is there a penalty APR if I pay late?
- What’s the annual fee?
- How much working capital do I need?
- Would a no-personal-guarantee business credit card be a better option for my needs?
- How will this card impact my personal and business credit if I’d like to qualify for better financing down the road?
Because business credit cards for bad credit are very limited, Nav’s pick here is a personal credit card with a flexible credit score requirement:
Petal® 2 "Cash Back, No Fees" Visa® Credit Card
The Petal® 2 "Cash Back, No Fees" Visa® Credit Card allows cardholders to earn rewards without needing excellent personal credit scores to qualify. Earn 1- 1.5% cash back as well.
The Best High-Limit Business Credit Cards
The key unknown that causes many business owners frustration when finding a business credit card is not knowing how big of a credit line they can access before they apply. While other business financing options like lines of credit and term loans have screening processes and prequalification tools that can help you determine if you’ll likely be approved for the credit line you need before you apply, these generally are not available until you get approved for a business credit card. Issuers often do not share maximum limits or even ranges in their marketing, which can make it a real guessing game for business owners who know they would charge large-dollar bills to the card if they had a large-enough limit.
A few key considerations if you need a card with a high credit limit:
- How much working capital do you need?
- If you’re in a partnership or have a co-founder, whose name will be on the application?
- Who will need access to the card?
- How will it impact your personal and business credit scores?
Brex Card for Ecommerce
Get a credit limit at 50-100% of your future monthly sales, up to $5 million with the Brex Card. This card offers net 60 terms which means you can take a full 60 days to pay your bill and improve cash flow management. There’s 0% interest and no fees.
Note:*All information about the Brex Card for Ecommerce has been collected independently by Nav. This card is not currently available through Nav. To see what business credit cards are available, please visit the Nav Credit Card Marketplace.
The Best Business Credit Cards for LLCs
Structuring your business as an LLC doesn’t by default narrow your business credit card options, but it can make the process of applying for a business credit card a bit more laborious if you have partners.
A few key considerations you should make when choosing a business credit card for your LLC:
- Do you have partners who own 25% or more of the business? (This will require additional documentation when you apply)
- Which owner/founder (if multiple) will be the main account holder?
- What’s your EIN? (Keep it handy — you’ll need this when applying for a business credit card in the name of your LLC.)
Divvy Smart Credit Card for Business
The Divvy Smart Credit Card for Business is made for small business. Divvy streamlines spend management by combining corporate cards with free expense management software. The annual fee is $0. All charges made on this charge card are due and payable when you receive your periodic statement. And it offers rewards: Up to 7% points, based on payment settings..
The Best Chase Business Credit Cards
Chase is not only one of America’s largest national banks, it also has a plethora of business credit card options and can be an easy and simple solution for existing Chase business banking customers as well as small businesses looking for a bank with a large national presence. All Chase business credit cards are on the Visa network, which has one of the largest payment networks in the world and gives you plenty of flexibility when making purchases in the U.S. or abroad and Chase offers several co-branded credit cards with popular airlines like United and Southwest to round out its standard business credit card offerings.
A few key considerations you should make when choosing a Chase business credit card:
- Do you already bank with Chase or do you plan to?
- Do you want a card that may help build business credit?
- What rewards structure do you prefer?
- Is there an annual fee?
Ink Business Preferred® Credit Card
Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months after account opening. (See card issuer for details.) That’s $1,000 cash back or $1,250 toward travel rewards when you redeem through Chase Ultimate Rewards®.
Earn 3 points per $1 on the first $150,000 spent in combined purchases in certain spending categories each account anniversary year. And earn an unlimited 1 Point per $1 spent on all other purchases. Points do not expire as long as your account is open.
Note:*All information about the Ink Business Preferred® Credit Card has been collected independently by Nav. This card is not currently available through Nav. To see what business credit cards are available, please visit the Nav Credit Card Marketplace.
The Best American Express Business Credit Cards
American Express has long carved out its own special niche in the business credit card space, offering high-end rewards and perks for established businesses while also innovating its online account management tools and services to make it a natural consideration for any business credit card shopper. American Express is both the issuer of its business credit cards and the payment network on which its cards operate, and the company offers a variety of cards suited to different types of small business owners and their business card needs. Most American Express cards also offer a tremendous sign-up bonus, as well as opportunities to earn rewards points and bonus points for qualifying purchases.
A few key considerations you should make when choosing an American Express card:
- Do you have excellent credit?
- Do you want a high annual fee with extra rewards or a lower/$0 annual fee with limited rewards?
- Do you want a charge card or credit card?
- Do places where your business normally make purchases already accept American Express cards?
Here’s Nav’s pick for the best American Express business credit card:
American Express Blue Business Cash™ Card
The American Express Blue Business Cash™ Card offers a 0% on purchases for 12 months from date of account opening making this a great pick for business owners looking to improve cash flow. The annual fee is $0. Standard rewards are competitive: Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% cash back earned is automatically credited to your statement.
Welcome offer:Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months
Read our full list of the best American Express business credit cards here to learn more about our other top picks.
The Best Citi Business Credit Cards
Citi’s suite of business credit card options can be a great fit for businesses of all types, but especially for those looking to build business credit. Citi is one of only two major business credit card issuers that reports account data to all three major business credit bureaus and the SBFE.
Here’s Nav’s pick for the best Citi business card:
Costco Anywhere Visa® Business Card by Citi
Costco club members enjoy a $0 annual fee with their paid warehouse membership. A competitive cash back rate on fuel makes this card a top pick for business owners who drive often: 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter. , 3% cash back on restaurants and eligible travel purchases., and 2% cash back on all other purchases from Costco and Costco.com..
Rewards are paid out annually and can be used on in-store merchandise, with the balance given out as cash upon request. Other spending categories range from 1-2% without the need to enroll in bonus spending promotions. There is no limit to rewards, and your credit card doubles as your Costco membership card. Show it at checkout to get great deals on Costco merchandise, charge your purchase to your account, and build those rewards for an unlimited payout when your reward certificate is issued in February. This card has a lower rate than some other retail and warehouse club cards, so use it for your in-store purchases, online at the Costco website, and wherever you shop. You’ll be getting points for all your business purchases, and team members and employees who are issued cards can be added to your account for even faster reward earnings.
The Best Discover Business Credit Cards
After carving out a unique space for itself in the consumer credit card world, becoming known for its rotating 5% cash back categories, late payment forgiveness and top-notch customer service, Discover has started to re-enter the business credit card world in the past couple years. The value and simplicity of Discover’s rewards structure in the consumer space is echoed in the issuer’s business credit card offerings as well.
A few key considerations you should make when choosing a Discover business credit card:
- Do places where your business normally makes purchases already accept Discover cards?
- Is this your only business credit card?
- Is quality customer service important to you?
- Do you need employee cards?
Here’s Nav’s pick for the best Discover business credit card:
Discover it® Business Card
Earn 1.5% cash back on every dollar spent on all purchases. Rewards never expire and you can redeem your cash back for any amount, any time. Plus get an unlimited dollar-for-dollar match of all the cash back you earn at the end of your first year, automatically.
There is no annual fee and Discover has an excellent reputation for customer service.
Note:*All information about the Discover it® Business Card has been collected independently by Nav. This card is not currently available through Nav. To see what business credit cards are available, please visit the Nav Credit Card Marketplace.
The Best Capital One Business Credit Cards
The Spark line of business credit cards from Capital One has long been a favorite of business owners looking for quick approvals that serve a wide variety of personal credit scores. Capital One has one of the best all-purpose travel rewards cards as well, meaning its line of cards can be a great fit for business owners looking for cash back or miles and those who travel often but aren’t loyal to a specific airline or hotel chain. Capital One also has business credit cards that operate on both Mastercard and Visa payment networks, which provides some flexibility if you have a preference.
A few key considerations you should make when choosing a Capital One business credit card:
- What’s your personal credit score?
- Do you need employee cards?
- What’s the APR for purchases? (if you plan to carry a balance regularly)
- Who gets to use the perks/points?
Here’s Nav’s pick for the best Capital One business credit card:
Capital One® Spark® Cash Select for Business
For a no-nonsense cash back reward card, the Capital One® Spark® Cash Select for Business is a popular pick. Part of the impressive line of Spark business cards from Capital One, it offers a $0 annual fee with a simple rewards structure. Use the cash back for whatever you want, with almost no restrictions on how and where you can earn. If you’re a fan of Capital One and its business-friendly credit model, this is a pick you can be proud to carry. While the card isn’t heavy on travel perks, it does have some benefits, including emergency card replacement to get a new card or even cash 24/7 (worldwide) and auto rental damage waiver service. The purchase protection is a nice benefit, too, giving you 90 days of replacement, repair, or reimbursement for select items you buy with the card; it also doubles the manufacturer’s warranty on items you buy. A $0 annual fee gives this card an extra boost, and frequent welcome offers can give you cash to pay down your account balance, or to spend on whatever you want. Rewards don’t expire as long as you keep your account in good standing.
Note:*All information about the Capital One® Spark® Cash Select for Business has been collected independently by Nav. This card is not currently available through Nav. To see what business credit cards are available, please visit the Nav Credit Card Marketplace.
The Best Bank of America Business Credit Cards
Bank of America has over 4,600 branches and close to 16,000 ATMs across the U.S., making it one of the largest banks in America and positioning it well to serve small business customers, especially those who already have a consumer banking relationship with BofA. Bank of America has business credit cards on both the Mastercard and Visa payment networks, which are extensive in the U.S. and abroad.
A few key considerations you should make when choosing a Bank of America business credit card:
- Do you already bank with BofA or do you plan to?
- Do you need access to BofA branch locations?
- What’s your personal credit score?
- Do you want flexible travel rewards that can be used at multiple airlines and hotels?
Here’s Nav’s pick for the best Bank of America business credit card:
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
The Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card offers tiered rewards: 3% cash back in the category of your choice (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter), 2% cash back on dining purchases (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter), and 1% cash back on all other purchases.
Right now it’s offering an Introductory APR of 0% for 9 billing cycles on purchases, along with an enticing welcome offer. $300 statement credit online bonus after you make at least $3,000 in net purchases in the first 90 days of your account opening.
The Best Wells Fargo Business Credit Cards
Wells Fargo is a premier American bank with a foothold in nearly every state, making it a top option for most American business owners shopping for a credit card.
A few key considerations you should make when choosing a Wells Fargo business credit card:
- Do you already bank with Wells Fargo or do you plan to?
- Do you need access to Wells Fargo branch locations?
- What’s your personal credit score?
Here’s Nav’s pick for the best Wells Fargo business credit card:
Wells Fargo Business Platinum Credit Card
The Wells Fargo Business Platinum Credit Card offers a choice between cash back or rewards points. Choose the cash back option and earn 1.5% cash back on qualifying purchases. Choose the rewards points option to earn 1 point on every $1 spent and receive 1,000 bonus points every billing cycle when you spend at least $1,000 on qualifying purchases. (Redeem points for gift cards, merchandise, airline tickets and more.) There’s no annual fee and a 0% introductory rate for the first nine months.
Note:*All information about the Bank of America® Business Advantage Cash Rewards Mastercard® credit card has been collected independently by Nav. This card is not currently available through Nav. To see what business credit cards are available, please visit the Nav Credit Card Marketplace.
The Best US Bank Business Credit Cards
US Bank has a well-rounded offering of business credit cards, with options for nearly all business owners depending on your rewards preference and whether you are interested in an intro offer. US Bank offers some of the healthiest intro offers for business cards and truly designed its entire program to craft cards that are more custom, rather than a one-size-fits-all mentality.
A few key considerations you should make when choosing a US Bank business credit card:
- Is an intro offer important to you?
- Do you want a simple rewards structure or is complexity ok?
- What’s your personal credit score?
Here’s Nav’s pick for the best US Bank business credit card:
U.S. Bank Business Cash Rewards World Elite™ MasterCard®
As far as rewards cards go, the U.S. Bank Business Cash Rewards World Elite™ MasterCard® is a solid pick. Earn up to 3% cash back on eligible gas station, office supply store and cell phone/service provider net purchases. Earn 1% cash back on all other eligible net purchases. Plus there’s a 25% annual bonus based on your prior year’s cash rewards, up to $250.
For business owners looking to maximize cash flow, there is a 0% Intro APR on balance transfers for 12 billing cycles. After that, a variable APR currently 13.99% – 22.99%. And the annual fee is $0.
Note:*All information about the U.S. Bank Business Cash Rewards World Elite™ MasterCard® credit card has been collected independently by Nav. This card is not currently available through Nav. To see what business credit cards are available, please visit the Nav Credit Card Marketplace.
Frequently asked questions
What’s the difference between business credit cards and personal credit cards?
A business credit card and personal credit card operate in many similar ways. Both can offer bonus points, rewards points, introductory APR offers and a sign-up bonus, but there are a few distinct differences between how they’re regulated. That means there can be different terms and conditions for business cards and personal cards, and a savvy credit card shopper needs to understand those differences before they apply.
What is a corporate card?
While the terms ‘corporate card’ and ‘business credit card’ are often used interchangeably, they can mean radically different things in how they’re used and who maintains liability and responsibility for the charges. Most commonly, corporate cards are known as the cards business owners authorize for employees to use for business expenses that the business then reimburses. (Not all card issuers use the term this way, however, so you may need to read the card offer to fully understand the difference.)
Many business credit card options you find in the Nav marketplace have the ability to add authorized users, and issuers have come a long way in recent years in adding new features to monitor spending and manage the authorized cards to allow employees to spend as needed while giving the business owner more oversight.
How do I get a credit card for my LLC?
A small business credit card can be a great option for an LLC. When you apply, you’ll provide information about your LLC in addition to personal details. Keep in mind that most issuers will check the owner’s personal credit and will require a personal guarantee unless the company has a significant number of employees and high revenues.
Business credit scores vs. personal credit scores
Most business credit card issuers will purchase a personal credit score for the applicant and use that credit score to help determine creditworthiness. A few issuers will check business credit and not personal credit. (Examples of cards that may not require a personal credit check currently include Divvy and Brex.)
It’s a good idea to check both your personal and business credit so you know what to expect when lenders review your credit.
Are there small business credit cards for no credit?
If you haven’t established a credit profile with the three major consumer credit bureaus, finding a business credit card can be a challenge. There are some secured business credit cards available from smaller banks and local credit unions, but these generally aren’t an ideal option for business owners since the goal of a business credit card is to access working capital. A secured card requires a deposit to secure a credit line of equal value in order to limit the lender/issuer’s liability if you default on payment, so instead of opening up new working capital for your business, it can actually limit the cash you can access by locking up a portion to secure the credit line.
In recent years, a few new options have come to market to serve business owners with a limited credit history. One in particular that’s growing in popularity is the Brex card. The Brex card doesn’t consider personal credit scores to qualify, and there is no personal guarantee required for the card either. It’s targeted at business owners who already have a large amount of working capital in the bank, perhaps from a seed round of fundraising or an angel investor, and need a credit card that can help keep cash flow moving through parts of the business as they scale. While the Brex card doesn’t offer a sign-up bonus, it does have a rewards program and opportunities to earn bonus points and rewards points. A key caveat if you’re considering the Brex card, however: If you need access to new capital, not just a tool to access and use the capital you already have, the Brex card isn’t ideal. Read more details about this option before you apply below.
Can you get approved for a business credit card with your EIN only?
Your Employer Identification Number (EIN) is often referred to as your business’s Social Security number (SSN). Similar to a SSN, it is used to file tax returns, and helps identify your business to potential partners, the commercial credit bureaus and other government agencies.
As part of the business credit card application process, you will likely be asked for your EIN, as well as several other details about your business like the industry you’re in and how your business is structured (LLC, sole proprietorship, Corporation, etc.) Most major credit card issuers will require an EIN to even submit an application. For example, American Express won’t allow you to apply for its business credit cards without an EIN if you’re an LLC, corporation or partnership. Sole proprietorships don’t require an EIN to submit an application with most major business credit card issuers.
Just as there are some business credit card options available to those with no personal credit score, there are some options where a Social Security number or personal guarantee is not required to get approved, but they are limited. The Brex cards, for example, rely on the EIN for their underwriting, so Social Security numbers aren’t required to apply. However, because the Brex cards underwrite off of the EIN, sole props aren’t good fits for this card.
You should also be aware that an EIN-only credit card application may require other personal identifying information to verify your identity as part of federal regulations to limit criminal financial activity and money laundering. After all, you give your EIN to many business partners, vendors, suppliers, even customers in some cases. Would you want them to be able to use just your EIN and a few other pieces of information to open a credit card in your business’s name? The issuers who offer EIN-only business credit card applications mitigate this risk by using other tools to identify and verify your identity before approving you for a card.
There’s another major warning if you’re considering a card that requires only an EIN to get approved — a credit card that requires an EIN and not an SSN to apply may not be the best fit for your business. If you have a solid personal credit history, you have a great tool you can leverage to help fund your business and it can help you access business credit cards with better rates, terms and fees. Just because you can get a business credit card using only your EIN doesn’t necessarily mean you should.
Can I use my EIN to get a credit card?
Your Employer Identification Number (EIN) is often referred to as your business’s Social Security number (SSN). As part of the business credit card application process, you will likely be asked for your EIN, as well as several other details about your business like the industry you’re in and how your business is structured (LLC, sole proprietorship, Corporation, etc.) You can also apply for a small business loan to begin to build the credit associated with your EIN. Before applying for a line of credit, loan or bank account, you need an EIN.
Can you get a business credit card with bad credit?
If you haven’t established a credit profile with the three major consumer credit bureaus, finding a business credit card can be a challenge. There are some secured business credit cards available from smaller banks and local credit unions, but these generally aren’t an ideal option for business owners since the goal of a business credit card is to access working capital. There are no unsecured business credit cards for bad credit, but there are unsecured personal credit cards for bad credit that business owners can still use.
What credit score do I need to get a business credit card?
Most business credit cards require good to excellent credit for approval. Typically, a score of 700 and above is considered good. A score of 790 or above is generally considered excellent. However, there are a few business credit cards available for small business owners with fair credit, ranging from 640 – 699.