Credit cards offer a streamlined and efficient method for managing business expenses, providing companies with a centralized platform to track spending, monitor employee purchases, and streamline financial reporting.
However, with numerous corporate credit cards for small businesses options available in the market, selecting the most suitable corporate card can take time and effort. It’s essential for businesses to carefully evaluate their specific needs and priorities to choose corporate cards for small businesses that align with their financial objectives, employee requirements, and industry demands.
Factors to consider include expense tracking features, customizable spending controls, rewards and incentives, integration with accounting systems, and customer support services.
This blog highlights the top 10 corporate credit cards for small businesses.
This blog highlights the top 10 corporate credit cards for small businesses.
Features that Make a Corporate Credit Card Attractive for Small Businesses
The following features collectively make corporate cards an attractive option for small businesses looking to streamline expense management, improve financial control, and maximize the value of their spending.
Flexible Payment Terms and Credit Limits: Small businesses often have fluctuating cash flows and may need more flexibility in payment terms than larger enterprises. Corporate credit cards for small businesses may offer customizable payment terms and credit limits that align with their unique financial needs.
Simplified Application Process: Corporate cards for small business often offer a streamlined application process with minimal documentation requirements. This makes it easier and quicker for small business owners to apply for and obtain a corporate card without extensive financial documentation or lengthy approval processes.
Lower Annual Fees and Minimum Spend Requirements: Unlike corporate cards tailored for larger businesses,, which may come with higher annual fees and minimum spend requirements, those geared towards small businesses often have more competitive fee structures. This makes cards more accessible and cost-effective for small businesses with limited budgets.
Small business credit cards are valuable tools for managing expenses, building business credit, and earning rewards.
Key Features to Consider While Choosing Corporate Credit Cards for Small Businesses
- Credit Limit: Ensure the card offers a sufficient credit limit to cover your business expenses.
- Rewards Program: Choose a card with a rewards program that aligns with your spending habits (e.g., travel, office supplies, dining).
- Annual Fees: Consider if the benefits outweigh the cost of any annual fees.
- Interest Rates: Look at the APR for purchases and balance transfers. Lower rates are better, especially if you plan to carry a balance.
- Introductory Offers: Some cards offer 0% APR for an introductory period or sign-up bonuses.
- Additional Perks: Benefits like travel insurance, purchase protection, and extended warranties can add value.
Best Corporate Credit Cards for Small Businesses
1. Chase Ink Business Cash Credit Card
- Annual Fee: $0
- APR: 0% introductory APR for 12 months on purchases from the date your account is opened. Following this period, the variable APR ranges from 18.49% to 24.49%.
- Employee corporate credit cards for small businesses are provided at no extra charge. They enable you to establish personalized spending limits for each employee and accelerate your reward accumulation.
- Welcome Bonus: You get a $750 bonus cash back after making $6,000 purchases within 3 months of opening your account.
- Rewards: Get 5% cash back on the first $25,000 you spend yearly on office supplies, internet, cable, and phone services, 2% on gas stations and restaurants, and 1% on other purchases.
2. The Blue Business Plus Credit Card from American Express
- Annual Fee: $0
- APR: 0% introductory APR on purchases for 12 months from account opening. After that, your APR will vary between 18.49% and 26.49%
- Welcome Bonus: As a welcome offer, you can earn 15,000 Membership Rewards Points by spending $3,000 on your Card within the first 3 months.
- Rewards: Earn double points on everyday eligible business purchases, up to $50,000 per calendar year. After reaching the $50,000 spending threshold on your Blue Business Plus Card, earn single points on other eligible purchases.
- Unlock flexibility with ‘Expanded Buying Power,’ allowing you to exceed your credit limit based on various factors, adapting to your business needs while ensuring responsible spending.
- Enjoy other benefits such as integration with QuickBooks, viewing online statements, a dedicated account manager, and account alerts to monitor employee use.
3. Chase Ink Business Unlimited Corporate Credit Cards for Small Business
- Annual Fee: $0
- APR: 0% introductory APR for 12 months on purchases from the date your account is opened. Following this period, the variable APR ranges from 18.49% to 24.49%.
- Welcome Bonus: Earn a $750 bonus cash back when you make $6,000 purchases within 3 months of opening your account.
- Rewards: Get cash back rewards of flat 1.5% on every purchase with no limit.
- Earn 5% cash back on Lyft rides until March 2025 with your Chase Ink Unlimited card, which includes an extra 3.5% on top of the 1.5% you regularly earn on travel.
4. Chase Ink Business Preferred Credit Card For Corporate Cards for Small Business
- Annual Fee: $95
- APR: A variable APR ranging from 21.24% to 26.24%
- Welcome Bonus: Receive 100,000 bonus points after spending $8,000 on purchases within 3 months of opening your account.
Note: Get 25% more value when redeeming points for travel through Chase Travel, meaning 100,000 points equals $1,250 towards travel compared to $1,000 in cashback.
- Rewards: You’ll earn 3 points per $1 on the first $150,000 spent annually across various categories like shipping, advertising on social media/search engines, internet/cable/phone services, and travel. Additionally, earn 1 point per $1 on all other purchases.
- No foreign transaction fees will be charged when you utilize your corporate credit cards for small businesses purchases outside the United States.
- 5x points on Lyft Rides
- Employee cards at no extra charge
5. One Spark Cash Plus Credit Card
- Annual Fee: $150; Receive a yearly fee refund of $150 each year upon spending at least $150,000
- APR: The Capital One Spark Cash Plus Credit Card operates as a charge card. It adjusts to your spending habits, payment history, and credit profile, offering a flexible spending limit with no predetermined amount. There is no interest rate or minimum payment with corporate cards for small business, as the balance must be settled by the due date.
- Welcome Bonus: Get a $3,000 cash bonus: $1,500 after spending $20,000 in the first 3 months, and an additional $1,500 after spending $100,000 in the first 6 months. Offer ends 3/11/2024.
- Rewards: Get unlimited 2% cash back on all business purchases, with no category restrictions. Additionally, earn unlimited 5% cash back on hotel and rental car bookings made through Capital One Travel.
6. Business Green Rewards Card from American Express
- Annual Fee: $95
- APR: 19.49% – 27.49%
- Welcome Bonus: Receive 15,000 Membership Rewards points after making $3,000 in eligible purchases on the corporate credit cards for small businesses within the first 3 months of Card Membership.
- Rewards: Earn double points on flights and prepaid hotels booked on AmexTravel.com with your Business Green Rewards Card. Additionally, earn single points on other eligible purchases made using your card.
7. Amazon Business Prime American Express Card
- Annual Fee: $0
- APR: 19.49% – 27.49%
- Welcome Bonus: Receive a $125 Amazon.com Gift Card upon approval for the Amazon Business Prime American Express Card.
- Rewards: Get 5% cash back or 90-day terms on select U.S. purchases at Amazon Business, AWS, Amazon.com, and Whole Foods Market. Additionally, earn 2% cash back on U.S. purchases directly from providers at restaurants, gas stations, and wireless phone services, and 1% cash back on other purchases made using the Amazon Business Prime Card.
8. Citi Double Cash Card
- Annual Fee: $0
- APR: 19.24% – 29.24% Variable APR
- Welcome Bonus: Get $200 cash back when you spend $1,500 on purchases within the initial 6 months of opening your account.
- Rewards On corporate credit cards for small business: Earn 2% cash back on every purchase: 1% when you buy and an additional 1% as you pay. No category restrictions, enrollment required, or limit on cashback earnings.
9. The American Express Business Gold Card
- Annual Fee: $375
- APR: 19.49% – 27.49%
- Welcome Bonus: Receive 70,000 Membership Rewards points after spending $10,000 on eligible purchases in the initial three months of card membership.
- Rewards: With your Business Gold Card, earn 4X points on your top 2 categories, up to $150,000 in combined purchases annually, then 1X after that. Get 3X points on flights and prepaid hotels booked on amextravel.com.
10. The US Bank Business Platinum Card
- Annual Fee: $0
- APR: Enjoy a 0% introductory APR on purchases and balance transfers for 18 billing cycles. Following this period, the APR will vary from 17.24% to 26.24%.
- However, this card does not offer any rewards.
Suggested Read:
Top 10 Expense Management Software in USA
Introducing itilite Corporate Credit Cards for Small Business
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Frequently Asked Questions(FAQ’s)
A small business credit card is a financial product designed for business expenses. It helps manage cash flow, track expenses, and often offers rewards or benefits tailored to business needs.
Small business credit cards typically offer features and rewards geared towards business spending, such as higher credit limits, expense tracking tools, and rewards on common business purchases like office supplies, travel, and dining.
Yes, most issuers allow you to add employee cards to your account, enabling you to monitor and control employee spending. Employee cards usually share the same credit limit as the primary card.
