Small business rewards credit cards can help you make the most of everyday business expenses, including travel, office supplies, wireless and internet communications, and even purchases at gas stations and restaurants.
Maximizing rewards opportunities, however, means taking a careful look at all the available cards and selecting the one best suited for your specific need. To do that, it’s important to consider the following as they relate to your business:
- Your spending habits
- Rewards programs (e.g., miles, points, cash back) and redemption options
- Bonus points & welcome offers
- Introductory APR offers
- Annual fees
- Foreign fees
- Additional perks or benefits (e.g., free night stay, exclusive memberships, business software, etc.)
Fortunately, we’ve selected what we consider to be some of the best business rewards credit cards.
Best Business Rewards Credit Cards
- : Best Cash Back Card for Everyday Use
- : Best Big Spenders with Travel Needs
- : Most Flexible Rewards Program
- : Best Hotel Rewards Card
- : Best Co-Branded Airline Rewards Card
- : Most Unique Business Rewards Credit Card
- : Best Card for Fair Credit
– Best Cash Back Card for Everyday Use
While some business owners may find that category-specific rewards program can really boost their earning potential, others may find that category restriction fail to meet their eclectic spending habits.
If your monthly expenditures are all over the map, then the card may be the best business rewards credit card for you.
With this card, you’ll earn unlimited
There are no categories to choose or earning caps, can you can redeem your rewards at any time for any amount
In addition, new members can currently earn a and take advantage of a $0 introductory annual fee for the first year. After that year, the annual fee will rise to $95, but that’s still low compared to many rewards cards.
The also carries some other benefits, including no foreign transaction fee, an auto rental damage waiver, and easy accounting through Quicken, QuickBooks, and Excel.
In all, it’s an easy-to-use, no-frills card with a variety of perks and a competitive cash back rewards program.
: Best for Big Spenders with Travel Needs
often holds a spot in “best business credit card” lists, and with good reason. The card typically boasts a strong welcome offer; industry leading rewards earning potential; and a bevy of travel perks, including airline credits.
At the time this list was compiled, new card members could take advantage of a generous welcome offer.
Business owners who frequently travel can also take advantage of a 35% airline points bonus when they book through Amex Travel, access to the American Express Global Lounge Collection, and an annual $200 airline credit. It’s also worth noting that Amex has some noteworthy airline partners, including Delta, Cathay Pacific, Emirates, and ANA.
Of course, with aannual fee, this card is really designed for businesses with significant expenditures, especially when it comes to travel. However, when all perks, rewards, and statement credits are factored in, it certainly remains a top contender.
: Most Flexible Rewards Program
is certainly a solid card for specific users, but if don’t have a lot of travel needs or you’re not spending enough to outweigh the high annual fee, then you may want to consider . It too has a lot to offer, and with a much lower annual fee.
This card doesn’t currently have a welcome offer, which won’t make it ideal for business owners looking to quickly earn and cash in on points, but it does have one of the most unique rewards programs.
With the, you have a simplified but potentially lucrative points system. These categories are revolving and will change monthly based on your spending patterns. Points, therefore, are earned retroactively. This is really a boon to business owners who won’t benefit from a single earning category, especially if spending needs change from month to month.
Though cardholders will need to pay aannual fee, there are no foreign transaction fees, and there are other perks, like Roadside Assistance, Car Rental Loss and Damage Insurance, and Travel Accident.
– Best Hotel Rewards Credit Card for Small Business Owners
In the past discussions of hotel rewards, the Starwood Preferred Guest (SPG) Business card held a regular seat at the “best of” table. Unfortunately, SPG was acquired by Marriott, and by January 2019, Amex no longer offered the SPG co-branded business card. It was, however, replaced by the.
As with most co-branded hotel cards, theallows you to earn the most points on eligible purchases at participating Marriot Bonvoy properties. Earn
There’s also a pretty long list of additional perks, including an annual free night award, complimentary silver elite status, and premium on-property internet access and Boingo Wi-Fi. Plus, you can also transfer points to over 40 airline frequent flyer miles. And, while you’ll lose out on the standard 3:1 conversion, the blow is lessened with a 15,000-point bonus for when you transfer 60,000.
Though this card does not carry a foreign transaction fee, there is aannual fee. However, if you’re a Marriot, SPG, or Ritz-Carton loyalist, then this card really makes up for it in both rewards and travel perks.
: Best Co-Branded Miles Rewards Card
Selecting the best miles rewards card often depends on where your loyalties lie, but if you’re a United fan, or you’re not loyal to any one carrier, then thecan be a great addition to your wallet.
With the, you can earn 2 miles per dollar spent on United purchases, which is pretty typical for co-branded airline cards. However, you can also earn 2 miles per dollar on purchases at restaurants, gas stations, and office supplies stores and 1 mile per dollar on all other purchases.
Themakes it possible to earn miles even when you aren’t booking flights. However, when you are flying you can take advantage of numerous perks, including a waiver for your first bag checked, priority boarding, two one-time United Club passes annually, and no blackout dates.
You can also use your miles to book flights on Star Alliance and other partner airlines or for hotel stays, car rentals, gift cards, and events.
There are no foreign transaction fees, and theannual fee is waived in the first year.
This card may not come with as many bells and whistles as some of the more elite airline cards, but it’s solidly reliable.
– Most Unique Business Rewards Credit Card
Discover momentarily left the business credit card arena, but in 2018, they returned with the. This card offers a simple
There are no limits, and your rewards won’t expire.
And while that alone makes this a solid card worth considering, their new welcome offer may seal the deal. Most welcome offers promise a set amount of points or miles when you meet spending requirements within a specific period of time; the, however, has taken a whole new approach.
Discover will match the total cash back amount earned over the first year, which can really yield some high returns for cardholders that plan to use the card for regular business purchases. Plus, you won’t have to meet introductory spending requirements to earn to your bonus reward.
– Best Card for Fair Credit
If your personal credit score is hovering in the “fair credit” range, finding a business credit card can be difficult. There simply aren’t many cards designed with your needs and mind, and that’s certainly true when it comes to rewards programs.
The , however, is designed for borrowers with average credit, making it a real option for borrowers who don’t meet the good or excellent credit requirements that accompany most of the top rewards card.
While this card may not come with attractive welcome offers or a slew of perks, you can still earn an unlimited Plus, there is no annual fee, making it an affordable option.
This card does carry a high APR, but if used responsibly, it can be an excellent way to take engage in a rewards program while building your credit.
Are business credit card rewards taxable?
Earning rewards can certainly save you money but are you responsible for paying taxes once you’ve redeemed them. Generally, the rules governing rewards earned through a business credit card are similar to those earned through personal credit cards.
For the most part, the use of miles, points, and cash back is considered as a discount and not taxable income. Therefore, there is no specific tax liability associated with most of the basic rewards programs available.
However, there are some considerations that should be made when it comes to dedications. Typically, if you’re using rewards to cover all or a portion of a purchase, you should avoid writing it off as a business expense.
That said, there is one instance in which your rewards may become taxable. If you didn’t have to do anything to receive the reward, e.g., spend $3,000 in sixty days, then taxes may apply.
The best bet? Be diligent when it comes to recording your expenses and rewards redemptions, and when tax time comes, speak to your accountant so that they can offer the best advice for your specific situation.