Introduction
Small business owners know that cash flow is crucial for success. They need access to funds to keep their businesses running smoothly, and the right credit card can provide that. However, with so many options available, it can be overwhelming to choose the best small business credit card for your needs. In this article, we will explore the top small business credit cards for 2023 .
Chase Ink Business Preferred Card
The Chase Ink Business Preferred Card is a popular choice among small business owners. It offers a generous sign-up bonus of 100,000 points when you spend $15,000 in the first three months. Cardholders also earn 3 points per $1 on travel, shipping, internet, cable, and phone services, and advertising purchases. Plus, there are no foreign transaction fees. This card does have an annual fee of $95, but the rewards may outweigh the cost for many businesses.
Capital One Spark Cash for Business
The Capital One Spark Cash for Business card is a great option for small business owners who want a straightforward rewards program. Cardholders earn 2% cash back on all purchases, with no spending caps or categories to worry about. Plus, there is a $500 cash bonus when you spend $4,500 in the first three months. This card does have a $95 annual fee, but it is waived for the first year.
American Express Blue Business Cash Card
The American Express Blue Business Cash Card is a great option for small businesses looking for a cash back rewards program. Cardholders earn 2% cash back on all purchases, up to $50,000 per year. After that, the cash back rate drops to 1%. There is no annual fee for this card, making it a great choice for businesses on a budget.
Bank of America Business Advantage Cash Rewards Mastercard
The Bank of America Business Advantage Cash Rewards Mastercard offers 3% cash back in a category of your choice, such as gas stations, office supply stores, or travel. Cardholders also earn 2% cash back on dining and 1% cash back on all other purchases. There is no annual fee for this card, making it a great option for businesses looking to save money.
Conclusion
Choosing the best small business credit card for your needs can be a daunting task, but it’s important to take the time to research your options. Consider your business expenses and goals, as well as the rewards and fees associated with each card. The Chase Ink Business Preferred Card, Capital One Spark Cash for Business, American Express Blue Business Cash Card, and Bank of America Business Advantage Cash Rewards Mastercard are all great options for small businesses. Find the one that works best for you and start reaping the rewards.
