The Best Business Credit Cards on the Market

If you are looking for the best business credit cards and feeling overwhelmed by the vast array of options, fear no more. Our guide has you covered. We’ve compiled an in-depth analysis of cards from both large and small banks in order to help you find the one specifically tailored to your needs. You can read more about our review methodology by clicking one of the links below. The other link takes you to our business credit card comparison. Let’s get started.

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1. Chase Ink Business Unlimited

A card tailored to the needs of new businesses with no annual fee. It has a 0% introductory annual percentage rate and a generous sign up bonus, but unremarkable cash back rewards and benefits. read full review

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Minimum credit score:

660+

Sign up bonus:

$500 (after spending $3,000+ in the first 3 months)

APR:

0% for the first 12 months and then 15.24%–21.24% variable (26.99% for cash advances)

Annual fee:

None

Other fees:

5% balance transfer and cash advance fee in addition to a 3% foreign transaction fee

  • 0% introductory APR
  • No annual fee
  • Excellent mobile app
read full review

Minimum credit score:

660+

Sign up bonus:

$500 (after spending $3,000+ in the first 3 months)

APR:

0% for the first 12 months and then 15.24%–21.24% variable (26.99% for cash advances)

Annual fee:

None

Other fees:

5% balance transfer and cash advance fee in addition to a 3% foreign transaction fee

  • 0% introductory APR
  • No annual fee
  • Excellent mobile app

2. Capital One Spark Cash for Business

With an unlimited 2% cash back on all eligible purchases, this is one of the best business cash back credit cards on our list. It features no foreign transaction fees, but has no introductory 0% APR period. read full review

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Minimum credit score:

690+

Sign up bonus:

$500 (after spending $4,500+ in the first 3 months)

APR:

18.74% variable (24.74% for cash advances)

Annual fee:

$95 (waived for the first year)

Other fees:

3% cash advance fee, no foreign transaction fee

  • Fantastic cash back offer
  • Annual fee waived for the first year
  • No balance transfer or foreign transaction fees
read full review

Minimum credit score:

690+

Sign up bonus:

$500 (after spending $4,500+ in the first 3 months)

APR:

18.74% variable (24.74% for cash advances)

Annual fee:

$95 (waived for the first year)

Other fees:

3% cash advance fee, no foreign transaction fee

  • Fantastic cash back offer
  • Annual fee waived for the first year
  • No balance transfer or foreign transaction fees

3. Chase Ink Business Preferred

Offering fantastic perks and benefits, this credit card comes with a very generous sign up bonus and no foreign transaction fees. However, it has a moderately high annual fee and slightly above average FICO credit score requirements. read full review

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Minimum credit score:

690+

Sign up bonus:

80,000 bonus points (after spending $5,000+ in the first three months)

APR:

Variable 17.99% to 22.99% (26.99% for cash advances)

Annual fee:

$95

Other fees:

5% balance transfer and cash advance fee, no foreign transaction fee

  • Fantastic sign up offer
  • No foreign transaction fee
  • Great perks and bonuses
read full review

Minimum credit score:

690+

Sign up bonus:

80,000 bonus points (after spending $5,000+ in the first three months)

APR:

Variable 17.99% to 22.99% (26.99% for cash advances)

Annual fee:

$95

Other fees:

5% balance transfer and cash advance fee, no foreign transaction fee

  • Fantastic sign up offer
  • No foreign transaction fee
  • Great perks and bonuses

4. Capital One Spark Miles for Business

An excellent travel card with great bonuses for frequent travelers and no foreign transaction or balance transfer fees. Among the downsides are its FICO credit score requirements and slightly higher APR. read full review

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Minimum credit score:

690+

Sign up bonus:

50,000 bonus miles after spending $4,500 in the first three months

APR:

19.24%

Annual fee:

$95 (waived during the first year)

Other fees:

3% cash advance fee, no foreign transaction fee

  • Excellent travel related rewards
  • Annual fee waived for the first year
  • No balance transfer or foreign transaction fees
read full review

Minimum credit score:

690+

Sign up bonus:

50,000 bonus miles after spending $4,500 in the first three months

APR:

19.24%

Annual fee:

$95 (waived during the first year)

Other fees:

3% cash advance fee, no foreign transaction fee

  • Excellent travel related rewards
  • Annual fee waived for the first year
  • No balance transfer or foreign transaction fees

5. American Express Blue Business Plus

One of the better credit cards for new small business owners. This low cost option includes 0% introductory APR, no maintenance fee and low transaction fees. But there is no welcoming offer, and it features a relatively low transaction limit for its bonus points scheme. read full review

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Minimum credit score:

690+

Sign up bonus:

None

APR:

0% for the first 12 months followed by 14.99% to 20.99% variable

Annual fee:

None

Other fees:

2.7% foreign transaction fee, 3% balance transfer fee

  • Good rewards for business expenditures
  • No annual maintenance fee
  • Introductory 0% APR period
read full review

Minimum credit score:

690+

Sign up bonus:

None

APR:

0% for the first 12 months followed by 14.99% to 20.99% variable

Annual fee:

None

Other fees:

2.7% foreign transaction fee, 3% balance transfer fee

  • Good rewards for business expenditures
  • No annual maintenance fee
  • Introductory 0% APR period

6. Wells Fargo Cash Wise Visa

An all encompassing card with no annual maintenance fee and a massive 15-month 0% APR grace period. Among the downsides are its higher than average credit requirements and an inflating APR following the conclusion of the introductory period. read full review

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Minimum credit score:

700+

Sign up bonus:

$150 in cash rewards (after spending $500+ in the first three months)

APR:

0% for the first 15 months and then 15.74% to 27.74% variable

Annual fee:

None

Other fees:

3% foreign transactions, 3% to 5% for balance transfers, 5% for cash advances

  • 15 month 0% APR period
  • No annual maintenance fee
  • Really easy to achieve the sign up bonus
read full review

Minimum credit score:

700+

Sign up bonus:

$150 in cash rewards (after spending $500+ in the first three months)

APR:

0% for the first 15 months and then 15.74% to 27.74% variable

Annual fee:

None

Other fees:

3% foreign transactions, 3% to 5% for balance transfers, 5% for cash advances

  • 15 month 0% APR period
  • No annual maintenance fee
  • Really easy to achieve the sign up bonus

7. US Bank Business Platinum

This is one of our favorite low interest business credit cards. It comes with an introductory 0% APR followed by a relatively low APR. The card has no annual fee and other fees are also very low. The downsides include a high credit requirement score and the absence of a rewards program. read full review

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Minimum credit score:

740

Sign up bonus:

None

APR:

0% for the first 12 months and then 12.24% to 20.24% variable

Annual fee:

None

Other fees:

3% foreign transaction and balance transfer fee, 5% cash advance fee

  • Best APR terms on our list
  • No maintenance fee
  • Free expense tracking tool
read full review

Minimum credit score:

740

Sign up bonus:

None

APR:

0% for the first 12 months and then 12.24% to 20.24% variable

Annual fee:

None

Other fees:

3% foreign transaction and balance transfer fee, 5% cash advance fee

  • Best APR terms on our list
  • No maintenance fee
  • Free expense tracking tool

8. Brex for Startups

Startup business credit cards with no credit checks or APR are the proverbial unicorn of the business world. Brex falls into this category with no annual maintenance or foreign transfer fees. However, your business must have a $100,000 bank balance to qualify, and since this is a charge card, your balance is due in full every billing cycle. read full review

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Minimum credit score:

Any

Sign up bonus:

30,000 points

APR:

None

Annual fee:

None

Other fees:

No foreign transaction fee

  • No APR
  • No credit score requirements
  • No annual and foreign transaction fees
read full review

Minimum credit score:

Any

Sign up bonus:

30,000 points

APR:

None

Annual fee:

None

Other fees:

No foreign transaction fee

  • No APR
  • No credit score requirements
  • No annual and foreign transaction fees

Best of the Best Awards

Our Methodology

Eligibility Requirements

The first thing that we consider when evaluating business credit cards are the eligibility criteria for getting a card. There are many options out there but the primary evaluation method used by banks is focused on the credit rating of the business. Much like bad credit loans, business credit cards for bad credit owners generally offer worse terms and conditions. When talking about credit ratings, we usually refer to Fair Isaac Corporation’s credit score as a universally accepted and utilized measure of consumer credit risk. FICO scores typically range from 300 to 850. The 300-669 bracket is reserved for poor and fair credit ratings, while good credit rating starts at around 670. Exceptional credit rating falls above 800. 67%. Most Americans have a good FICO score, but many new business owners start off with less stellar ratings (starting credit scores average around 500).

This category measures what credit score and/or other requirements you need to meet in order to be eligible for your credit card of choice.

APR

Whether choosing credit cards for business or personal use, one of the initial considerations is the given APR. This is especially true if you do not pay the entire credit card debt regularly but end up with a balance each month.

APR essentially determines the interest on your card’s outstanding balance. It is the interest rate for a whole year (annualized) rather than just a monthly fee/rate. It is applicable in a number of instances, including loans, mortgages and credit cards.

APR for personal business cards can be fixed or variable depending on many factors including the client’s credit rating and current interest rates. Another common feature is a “grace period” during which APR is much lower or even waived completely. This category takes into account initial and ongoing APR rates as well as the length of the introductory period.

Fees

Credit cards typically come with two types of fees - an annual fee for maintenance and miscellaneous fees for various services. Annual maintenance fees may sometimes be waived while common fees include foreign transactions, balance transfers and cash advance fees. Some banks may charge for additional company cards issued to employees, while those with the best corporate credit cards may waive this charge as part of their welcoming offer. Remember that banks with no annual fees may offer worse conditions to compensate. This category evaluates credit card offers based on whether they have annual maintenance fees, how much they cost and how expensive their other fees are.

Rewards

The credit card market is very competitive. This is especially true when it comes to the business sector. Banks rely primarily on various bonuses and loyalty rewards to lure and retain potential customers. The best business credit card offers include generous welcome bonuses, cash back on purchases or redeemable points. The welcoming bonuses usually give clients a one-time cash sum for spending a certain amount of money within the first couple of months from activating their credit cards. Cash back schemes can offer flat cash back percentages for all purchases, or usually higher bonuses for products or services within a certain niche (IT services, office equipment, travel expenses etc.) Finally, your redeemable points may be used on cash back, gift cards and many other card-specific features.

This category examines potential rewards for using your credit card of choice and how easy it is to redeem those rewards.

Bonus Features

In addition to the aforementioned rewards, the best business credit cards offer a plethora of handy bonus features. The general idea is to encourage credit card owners to manage and spend their money, so expense management and tracking tools through desktop or mobile apps are a common feature.

Issuing free Visa business credit cards to employees and allowing account owners to set specific restrictions is another common perk found with many business credit cards.

Other offers may include special insurance benefits, access to premium airport lounges or hotels. This category is all about the additional features you get with the best business credit card offers, from dedicated desktop or mobile apps to special offers and features unique to the card.

Top Business Cards in October 2019

  • 1. Chase Ink Business Unlimited Credit Card
  • 2. Capital One Spark Cash for Business
  • 3. Chase Ink Business Preferred Credit Card
  • 4. Capital One Spark Miles for Business
  • 5. American Express Blue Business Plus
  • 6. Wells Fargo Cash Wise Visa
  • 7. U.S. Bank Business Platinum
  • 8. Brex for Startups

Best Business Credit Cards Reviews

Key Features
  • Signup Bonus - Good
  • APR - Average
  • Ongoing Rewards - Good
  • Perks - Average
  • Credit Score Needed - Low
  • Standout Feature - 0% APR for 12 months
Additional Features
  • Generous welcome bonus and 0% APR for one year
  • Complementary auto rental insurance and purchase protection up to $10k
  • One year extended item warranty on eligible items

A great card for startup and small business owners looking to invest in their companies. With an introductory APR of 0%, a generous welcome bonus and 1.5% cash back on all purchases, this card’s only downside is its relatively dull perks and benefits.

Eligibility Requirements

With an average credit requirement of around 660, Chase Ink Business Unlimited is one of Chase’s business credit cards for fair credit owners. It’s one of the higher requirements on our list, but lower than Chase’s other Business Preferred Card. Ideally, you want to have 690 and above. However, customers have secured the card with lower ratings thanks to a decent annual income and other Chase products, which increases your chances of approval.

APR

If you’re looking for instant approval business credit cards that will help you finance your new venture, Chase Ink Business Unlimited is a great pick. In addition to being very quick to acquire, the best credit cards for startups have no starting APR, so you can invest in your business without worrying about paying off interest right away. The 0% APR intro period lasts 12 months with Chase Ink Business Unlimited. After that, the variable ongoing APR is between 15.24% and 21.24% (26.99% for cash advance).

Fees

This is one of two Chase small business credit cards with no annual maintenance fee. However, you do pay a 3% foreign transaction fee as is the case with many business credit cards with no annual fee. Balance transfers cost either 5% or $5, while cash advances are 5% or $15, whichever is greater. Additional employee cards that can earn benefits for the principal account holder are issued free of charge.

Rewards

The main benefit of Chase Ink Business Unlimited is the 1.5% cash back on all purchases. As the card’s name suggests, there is no limit on the purchase value. This is a great feature for owners of new businesses and startups. When incorporated with the 0% introductory APR, it allows for a more liberal financing of businesses within the first year and the reaping of cash back rewards. Furthermore, if you spend at least $3,000 within three months from opening your account, you get a one-time $500 cash back reward.

Benefits and Perks

When it comes to business rewards on credit cards, all Chase credit cards for business owners include perks and bonuses. While the Business Unlimited card may not have the same features as their more premium Business Preferred card, it comes with its own set of useful benefits. Customers can get complimentary auto rental insurance if they pay for it with the card as well as purchase protection on covered items of up to $10,000 per claim, and a 1-year extended warranty on items that have eligible warranties of 3 years or less. The card also comes with the Ink Mobile app that features real-time purchase alerts and the ability to track account usage and set purchasing limits.

Key Features
  • Signup Bonus - Average
  • APR - Average
  • Ongoing Rewards - Excellent
  • Perks - Average
  • Credit Score Needed - Medium
  • Standout Feature - Lowest Ongoing APR costs
Additional Features
  • 2% cash back on all purchases
  • No balance transfer or foreign transaction fees
  • Lost luggage and lost/damaged rental car coverage

Capital One Spark Cash for Business is one of the best cash back business credit cards on our list with 2% unlimited cash back on all purchases. This Capital One business credit card also waves its maintenance fee during the first year, but doesn’t have an introductory APR period.

Eligibility Requirements

Capital One Spark Cash for Business has slightly above average FICO credit rating requirements. To be on the safe side, you need a credit rating of at least 690, which falls under the good category. As with other cards, this is not set in stone and your individual circumstances may be considered in addition to your credit rating.

APR

There are several introductory period 0 APR business credit cards on our list, but Capital One Spark Cash for Business isn’t one of them. The variable APR starts right away and amounts to 18.74% (24.74% for cash advances).

Fees

The annual maintenance fee for Capital One Spark Cash for Business is $95. However, this fee is waived during the first twelve months of ownership.
There are no balance transfer or foreign transaction fees and extra employee cards are also free. Cash advance fees are rather low at 3%.

Rewards

Capital One business credit cards include excellent bonuses. Spark Cash for Business is possibly the best business rewards card on our list when it comes to pure cash back rewards.
There are no special requirements – you simply get a 2% cash back on all purchases.
Other banks offer a greater number on specific goods but the 2% you get here applies to any industry or product, and there is no cash limit. As for the sign up bonus, it’s similar to Chase Ink Business Unlimited, but you need to spend $4,500 instead of just $3,000 within the first three months in order to be eligible for the one-time $500 cash back reward.

Benefits and Perks

Good business credit cards come with a variety of bonuses and perks. The main benefits of using the Spark Cash for Business card are geared towards travel. You can be fully reimbursed for stolen or damaged rental cars and you can get up to $3,000 per trip for lost luggage compensation, provided you used your card in the transactions.

When it comes to mobile apps, Capital One has one for all of its cards. It allows you to check your credit score, get instant purchase notifications, pay your bills, lock your credit card and view and redeem your rewards.

Key Features
  • Signup Bonus - Excellent
  • APR - High
  • Ongoing Rewards - Good
  • Perks - Excellent
  • Credit Score Needed - Medium
  • Standout Feature - Fantastic benefits and perks
Additional Features
  • Travel related point redemption counts for 25% more points
  • Excellent cell phone protection and mobile app
  • 1-to-1 matching point transfer for popular airline and hotel loyalty programs

This is a card with great sign up bonuses as well as excellent perks and rewards. But, it has a relatively high maintenance fee and fair to good credit requirements. It is also one of the best business credit cards for travel on our list.

Eligibility Requirements

Chase business credit cards tend to favor people with a fair credit score. In order to get considered for Chase Ink Business Preferred, you should have a credit score of at least 690.
We found cases online where those with a score as low as 640 got approved. But this is a card that generally requires a good credit rating. Your chances are good if you fall within the 740 and above margin but having existing Chase products or good annual revenues can help with a lower credit score.

APR

Unfortunately, Chase Ink Business Unlimited is not one of those lovely business credit cards with 0 APR. The variable APR ranges from 17.99% to 22.99% for purchases and balance transfers and 26.99% for cash advances. On the upside, there is no penalty APR.

Fees

Firstly, there is a $95 annual maintenance fee that cannot be waived. Balance transfers cost either 5% or $5, while cash advances are 5% or $15, whichever is greater. There are no foreign transaction fees and extra employee cards that can earn rewards at the same rate as the primary account holder’s card are issued free of charge.

Rewards

Chase Ink Business Unlimited is one of the best travel business credit cards on our list. The sign-up bonus is a massive 80,000 bonus points after spending $5,000 in the first 3 months from getting your card. This bonus equates to $800 in cash and as much as $1,000 when redeemed as travel rewards (Chase gives a 25% bonus on all travel redemptions).

Ongoing rewards are also pretty good – you get 3 points for every $1 spent on travel, advertising and telecommunication purchases (up to $150,000 annually) and 1 for every $1 spent on all other purchases, with no annual limit.

Benefits and Perks

Top business credit cards offer a wealth of benefits in addition to their usual rewards, and Chase is no exception. You get cell phone protection (up to $600 per incident, up to 3 times per year, with a $100 deductible) and access to the Ink Mobile App for tracking spending patterns and setting up spending limits.

There is also a 1-to-1 matching point transfer for popular airline and hotel loyalty programs as well as a purchase protection for theft and damages that goes up to $10,000 per item and $50,000 total (lifetime) per account. Finally, you get an extended warranty on eligible purchases with warranties of 3 years or less.

Key Features
  • Signup Bonus - Average
  • APR - Average
  • Ongoing Rewards - Good
  • Perks - Average
  • Credit Score Needed - Medium
  • Standout Feature - 2 travelling miles awarded for every dollar spent
Additional Features
  • Two miles per $1 spent on any purchase
  • No balance transfer or foreign transaction fees
  • Rental car damage and lost luggage compensation

A great card for travel enthusiasts, adding 2 miles for every dollar spent on any purchase. It’s very similar to Spark Cash for Business, with no annual maintenance fee during the first year and no foreign transaction or balance transfer fees.

Eligibility Requirements

Capital One doesn’t really have many business credit cards for bad credit owners. Much like Spark Cash for Business, you need a FICO score of at least 690 to have a chance of being approved for this card. Other circumstances might spice up your application but it’s best to apply with at least a fair credit score.

APR

The variable annual percentage rate for purchases and balance transfers is 19.24% and based on the Prime Rate. This is also true for cash advances (25.24%) and their penalty APR (31.65%). These are slightly worse terms than those being offered by the other card from Capital One that we already reviewed, but within the standard rates for business cards. You have 25 days after each pay cycle to pay off the interest, and if you are successful, interest won’t be charged to new purchases.

Fees

The best credit cards for small business owners are those with low fees.
Capital One Spark Miles for Business mirrors the other Capital One card on our list when it comes to ongoing upkeep and transfer costs.

The annual maintenance fee of $95 is waived during the first year and there are no foreign transaction or balance transfer fees. Using the card card for cash advances will cost you 3% of each cash advance amount, or $10, whichever ends up being greater.

Rewards

As the name suggests, Capital One Spark Miles for Business is one of the business travel credit cards. As such, the rewards being offered are mostly suited for those that travel a lot. Their bonuses are essentially travel equivalents of the Spark Cash for Business card. You get a welcoming bonus of 50,000 miles, which translates into $500 in travel expenses when you spend at least $4,500 in eligible purchases within 3 months of opening your account. You also get 2 miles for every one dollar in purchases and the accumulated miles can be used with Capital One’s Purchase Eraser to pay for any travel purchase within the last three months. These miles can also be transferred to one of Capital One’s 15 airline partners, including Alitalia, Emirates and AeroMexico.

Benefits and Perks

The best credit cards for business owners who travel a lot are focused on making those trips as convenient as possible. You can redeem the already mentioned travel rewards through Capital One’s travel portal to directly book airfare, hotels, car rentals, and other travel purchases. Spark Miles card holders receive quarterly and annual spending summaries. As is the case with other Capital One cards, the holder have the option of downloading purchase records which can be imported into Quickbooks, Excel or Quicken. Much like Spark Cash for Business, you can get several reimbursements provided that you used your card to pay for the transactions. Card holders are reimbursed fully for lost and damaged rental cars and can get up to $3,000 per trip in lost luggage compensation.

Key Features
  • Signup Bonus - None
  • APR - Average
  • Ongoing Rewards - Average
  • Perks - Very good
  • Credit score needed - Medium
  • Standout Feature - Low fees and excellent purchase protection options
Additional Features
  • 0% APR within the first twelve months
  • Extensive purchase protection options
  • Expense management tools

Blue Business Plus is appropriate for those looking for business credit cards for new business ventures. Offering an introductory 0% APR period and no annual maintenance fees, it’s a low-cost card with interesting purchase protection benefits but an unimpressive reward scheme.

Eligibility Requirements

As is the case with a lot of other cards on our list, you need to have a fair credit score in order to be approved. Naturally, your chances increase with a higher credit score. The requirement is around 690 and above. Of course, as was the case with previous examples, your FICO credit score is not the only factor being considered.

APR

A lot of people search for no interest business credit cards online. While interest is fantastic when you’re the one accruing it, APR is something that most people would much rather avoid. Blue Business Plus is one of several American Express business credit cards that offer an introductory 0% APR period. After 12 months, APR settles somewhere between 14.99% and 20.99% depending on your creditworthiness and other factors. This is slightly lower than what Chase business banking offers with cards such as the Chase Ink Business Unlimited.

Fees

When it comes to fees, you’re getting a pretty good deal with this card. There is no annual maintenance fee and the remaining fees are relatively low. No annual fee business credit cards usually have high transaction fees. But with Blue Business Plus, you will only pay 3% or $5 per balance transfer and $2.7 for foreign transactions.

Rewards

Blue Business Plus doesn’t have spectacular rewards, but can be great for small businesses and startups without sizeable yearly expenditures. The card offers double points for the first $50,000 spent and there are no special category requirements. These points can then be redeemed on the Amex Membership Rewards Portal for general merchandise, travel, transportation and other rewards.There are many business credit cards with rewards for spending a certain amount of money within the first few months of owning the card. Blue Business Plus has no such welcoming bonus. So doubling the points on the first $50,000 is the card’s only selling point when it comes to rewards.

Benefits and Perks

One of the best perks about Blue Business Plus is their extensive purchase protection.
You can get an additional year of warranty on all products with existing warranties of up to five years (small business credit cards for fair credit owners usually offer extensions for warranties of up to three years).
There is also a 90-day return protection for items that sellers refused to return and refund within the past three months.
You also get 24/7 roadside assistance and baggage insurance of up to $1,250 for carry-on luggage. Extra employee cards are also free and can earn benefits just like with cards from Chase and Capital One.

Blue Business Plus also comes with a number of useful expense management tools. You can store digital receipts, perform expense tracking and even add an account manager. You can also spend above your credit limit as long as you pay everything off by the due date. Finally, American Express has easy to manage business credit cards thanks to its highly intuitive and feature-rich mobile app.

Key Features
  • Signup Bonus - Low (but easy to get)
  • APR - High
  • Ongoing Rewards - Average
  • Perks - Good
  • Credit Score Needed - Good
  • Standout Feature - Longest 0% APR period on our list
Additional Features
  • 15 month 0% APR
  • 24/7 fraud monitoring and zero liability protection
  • Excellent mobile phone coverage

Wells Fargo Cash Wise is a well-rounded card with a class-leading 15-month 0% APR introductory period and no annual maintenance fee. The only potential niggle is that you have to have a pretty good credit score to be considered.

Eligibility Requirements

If you’re looking for bad credit business credit cards, Cash Wise is probably not the best choice. It has some of the toughest requirements of all the cards on our list. The applicant needs a credit score of 700 to be considered while a score of 730 guarantees the best results.
Those with a credit score of just under 700 are also likely to be considered, keeping in mind that the higher your credit score, the better your variable APR will be later.

APR

When searching for new business credit cards many people look for low fees and an introductory 0% APR period or startup business credit cards with no credit requirements. Unfortunately, Wells Fargo Cash Wise has fairly strict credit requirements. But if those requirements are met, the applicant gets a card with a record 15-month 0% APR introductory period. This rate applies for the first 15 purchases and there is also a lower fee for the first 15 balance transfers made within the first 120 days from activating the card. After that, your variable APR will range from 15.74% to 27.74%.

Fees

When talking about the best business credit cards with no annual fee we have to mention the Cash Wise Visa. In addition to having no maintenance fee and a gracious APR-free period, there is also an introductory lower fee period for balance transfers. Within the first 120 days, they cost $5 or 3% of the transaction, whichever is greater. After that, the fee goes up to 5% or $5. Cash advances are 5% or $10 and foreign transactions are 3%.

Rewards

There are better Wells Fargo business credit cards out there when it comes to rewards. The best small business credit cards have better offers, but that’s not really what Cash Wise is about. Still, much like Chase Ink Business Unlimited, you get an unlimited 1.5% cash back on all purchases. Only Capital One’s Spark Cash for Business offers a higher 2% cash back on all purchases. They also incentivise customers to use digital payment services such as Google and Apple Pay by offering 1.8% cash back within the first year if you pay through those services. Finally, there is a $150 one time cash back bonus for spending at least $500 within the first three months after opening your account.

Benefits and Perks

The best business credit cards for small business owners come with extra perks in addition to competitive rewards. Similar to other Visa business credit cards from Wells Fargo, Cash Wise comes with a variety of useful benefits. The standout feature is mobile phone coverage which gives you up to $600 per claim and $1200 in annual coverage if your cell phone is lost, stolen or damaged. There are no extra fees for this service, but it does have a $25 deductible. Wells Fargo’s mobile app is available with all of their cards and generally has very favorable reviews.

There is also round-the-clock fraud monitoring and zero liability protection, in case someone tries to make unauthorized transactions using your card.
As is the case with some of the previously reviewed small business credit cards, Cash Wise owners are also eligible for rental car collision and damage insurance. Although, there are some limitations, the coverage goes up to the cash value of the rental vehicle. Not a bad deal for a card with no annual maintenance fees and a generous 0% APR period.

Key Features
  • Signup Bonus - None
  • APR - Excellent
  • Ongoing Rewards - None
  • Perks - Average
  • Credit Score Needed - High
  • Standout Feature - Lowest ongoing APR costs
Additional Features
  • Lowest APR of all cards on our list
  • Excellent account management and expense tracking tools
  • Overdraft protection option

The U.S. Bank Business Platinum card is a great option if you can meet its lofty credit requirements and have no interest in rewards. It offers the lowest APR terms on our list, has no maintenance fee and is a great card for those looking to save money on upkeep costs. However, the lack of sign up and ongoing rewards can be a deal breaker.

Eligibility Requirements

If you’re looking for small business credit cards with no credit requirements, Business Platinum is not the best fit. It is the card with the highest FICO credit score requirement on our list. In order to be considered you need to have an excellent credit rating, ideally above 740. This can be a problem for new businesses and entrepreneurs still building up their credit score. While there are ways to reduce this requirement, you should probably stay clear of Business Platinum if you don’t have a good credit score.

APR

When it comes to APR, Business Platinum is one of the best business credit cards on our list.
Wells Fargo Cash Wise Visa has a longer 0% introductory period of 15 months as opposed to Business Platinum’s 12 months. But no card on our list has lower ongoing APR than Business Platinum. After the one-year 0% initial grace period, your APR will vary between 12.24% to 20.24%, based on the prime rate and your credit rating when opening the account.

Fees

U.S. Bank business credit cards tend to have fairly standardized fees. When it comes to Business Platinum, the standout is low balance transfer fees and no annual maintenance fees. You pay 3% or $5 (whichever is higher) per balance transfers and 3% for each foreign transaction you conduct with the card. The 5% or $10 cash advances are pretty standard when it comes to credit cards for small business owners.

Rewards

Simply put, there is no rewards program available for Business Platinum. There are no ongoing rewards and no sign up bonus, but on the upside there are also no spending goals to reach in order to redeem those.

Benefits and Perks

While Business Platinum may not be a card for those looking for cash back rewards, it still comes with some good customer perks and handy features. The main one to mention is the excellent set of account management and expense tracking tools, on par with the business credit cards for small business owners. You can choose and even change your statement due date, manage employee cards, customize account alerts, set up autopay options and categorize and track expenses.

There is also an Overdraft Protection plan that prevents a user’s account balance from falling below zero and triggering overdraft fees.
The program ensures that transactions, which would normally result in overdrafts and negative balances, are completed normally by linking to backup accounts. Depending on your deposit account, this service can be quite costly, but it’s still a handy option.

Finally, all U.S. Bank users get access to their mobile app, which generally has favorable reviews and allows you to track your finances on the move.

Key Features
  • Signup Bonus - Excellent
  • APR - None
  • Ongoing Rewards - Very good
  • Perks - Very good
  • Credit Score Needed - Any
  • Standout Feature - No APR rate or credit score requirements
Additional Features
  • Charge card with no APR
  • No fee offer and dynamic spending limits
  • Discounts on online services geared towards startups

We wanted to do something different for our last pick. Although technically a charge card and not a credit card, Brex is the king of business credit cards for startups. With no annual maintenance fees or APR, it comes with decent rewards and features. The main downside is the fact that it’s geared towards well-established startups that have significant starting capital and are able to quickly cover outstanding debt.

Eligibility Requirements

Brex for Startups is a rather unique card. Instead of judging your eligibility through the tried and true FICO credit score, they are interested in the here and now. For example, how much your business has and how much it can make.
Business credit cards for new businesses often offer benefits tailored to startups and small businesses but still require at least fair or better credit scores, which can be a problem for a lot of entrepreneurs. Nevertheless, Brex can also be tough for those just starting out. Although the FICO score goes out the window, your business still needs a hefty $100,000 balance in order to apply.

APR

Remember how we said there’s no credit score requirement for Brex? Well, another fantastic feature of Brex is that it also has no APR. We’re not talking about the industry-standard introductory 0% APR here either – there is no APR with Brex. There’s a good reason for it, though. We’ve spoken about the best business credit cards in 2019 without mentioning charge cards, and that’s exactly what Brex is. While offering similar rewards and benefits to other cards on our list, a big difference with charge cards is that their balance must be paid off in full every billing cycle. As you can probably tell, this is the idea that Brex was founded on. It isn’t concerned with your credit history, nor does it want to rip you off with APR, but they do want to know that your business is healthy and capable of generating enough profit to stay out of debt.

Fees

The best business credit cards for startups offer low fees and Brex follows this trend. There are no annual maintenance and foreign transaction fees. You will have to pay an issuing fee if you need more than 5 employee cards that come free of charge. At a monthly rate of $5 per employee, these costs can rack up pretty quickly. A mere 3 extra employee cards can cost you nearly $200 per year.

Rewards

For a card that’s free and has no credit rating requirements, Brex offers pretty good rewards. Startup business credit cards for bad credit owners tend to have middling rates and rewards, but with Brex you’re getting some pretty good deals. First of all, they are currently running a promotion which gets you 30,000 bonus points for signing up and fees waived for the account’s entire lifespan. This also comes with no spending requirement, which is another rarity among credit cards.

As for the ongoing rewards, you get 1.5% cash back on every purchase as well as 7 points (per dollar) on rideshare services, 4 points on booking flights and travel accommodation, 3 points on restaurants, 2 points on business software and 1 point for everything else. When it comes to business cash back credit cards only a few offer a better deal, and none are business credit cards without personal guarantee requirements.

Benefits and Perks

One of the many things that Brex does differently is credit limit management. As we’ve already mentioned, the key thing for your business with Brex is how well your business is doing here and now. Brex dynamically adjusts your credit limits based on your cash flow and spending patterns. This is done automatically and depending on how well your business is doing, it can extend your credit limit way above those of traditional startup business credit cards.

Another Brex perk are the discounts from online services geared towards startups such as WeWork, Zendesk, Salesforce and Google Ads. Finally, you can alternatively redeem your accrued points with AirBnb and at select airline partners such as Qantas, Air France, Cathay, AeroMexico etc. Regardless of how the points are earned, there is no expiration date and no minimum or maximum value needed to redeem them.

FAQ

What is the best credit card for small business?

Brex for Startups. With no credit requirements or APR, it’s a fantastic option for small businesses and startups alike. Alternatively, if your business cannot afford the $100,000 bank account requirement or you are not after high limit business credit cards, you could go for Capital One Spark Cash for Business or American Express Blue Business Plus. Our entire list offers great options and all you have to do is check your credit score and whether your priority is low fees, high cash back rewards or easy entry requirements.

How do I get a credit card for my LLC?

The process is fairly simple. First, you form your LLC to help separate your personal credit from that of your company. You then apply for an EIN number and start a business bank account. You then look for business credit cards for your LLC. Check out our list, which includes good options for LLCs, small businesses, and startups.

Can you get a business credit card with bad credit?

In short, yes. We definitely recommend Brex here, as they are the only company not interested in your credit score at all. Other credit cards on our list require at least a fair credit score. There are other cards out there that have more relaxed credit score requirements, but remember the general rule: the worse your credit rating is, the worse your terms will be (higher fees, higher APR).

What qualifies you for a business credit card?

The most common requirement for getting both unsecured and secured business credit cards is your FICO credit score. This score ranges from 300 to 850 and determines your creditworthiness based on numerous factors such as payment history, accounts owed and the length of your credit history. Another common factor that’s considered is the cash flow and equity of your business. Most banks will consider how well your business is currently doing and whether you’ve had previous dealings with them as extenuating circumstances when your credit score is a bit too low to apply.

How to apply for business credit card?

The process is exactly the same as we’ve outlined in the LLC question. You first need to form a company, apply for an EIN number and open up a bank account for your business. You then look for the best business credit cards for your particular business, based on what your priorities are and start working on building your credit rating so you can get better deals on both your existing card and cards you might apply for in the future.

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