In today’s fast-paced and dynamic business world, entrepreneurs and business owners need reliable financial tools to manage their expenses, track spending and earn valuable rewards. This is where business cards come into play. In the current market, there is a diverse range of financial institutions, each offering a variety of business cards tailored to different needs and preferences.
The right corporate card can be a powerful ally in managing your business’s finances, from streamlining expenses to gaining access to exclusive rewards and perks. However, with a myriad of options available, it can be a daunting task to choose the ideal card for your business needs. Whether you’re a seasoned entrepreneur looking to maximize your rewards, a startup owner seeking simplicity, or a small business proprietor focused on cost-effectiveness, you need a business card that’s designed to cater to your specific financial goals.
In this comprehensive guide, we’ll not only unveil the top 10 business cards in the US but also shed light on the key features, rewards, and advantages of each card. We’ll discuss what sets them apart from the competition and how they can benefit businesses of various sizes and industries.
Let’s explore the top 10 business cards in the US, including the top 10 small business cards, to help you make an informed decision that suits your specific requirements.
1. ITILITE Cards
ITILITE’s corporate travel card represents an intelligent payment solution for corporate travelers and serves as a gateway to substantial cost savings for businesses. The card is suitable for small and big businesses alike. Below, we outline some unparalleled advantages presented by ITILITE’s card that qualify it to be at the top in the list of top 10 best business cards :
Leading the Industry with a Remarkable 1.5% Cashback:
A standout feature of ITILITE’s Corporate Travel Card is its remarkable 1.5% cashback offer, which currently stands as the highest in the industry. This cashback directly contributes to the company’s financial bottom line. Hence, the card is the most preferred choice among the top 10 small business cards as well.
With ITILITE, you recoup a significant portion of your travel expenses, thereby aiding in cost reduction and bolstering your travel budget.
Benefits Designed with the Company in Mind:
ITILITE’s array of benefits is strategically crafted to primarily advantage the company. The cashback, rewards, and cost savings are all channeled toward diminishing your travel expenditures and enhancing your organization’s overall financial well-being.
No Additional Charges for Issuing Any Number of Cards:
Flexibility is a key strength of ITILITE’s Corporate Travel Card program. In contrast to certain competitors who impose fees for each additional card issuance, ITILITE permits your company to issue as many cards as required to accommodate your employees’ spending habits – all without incurring any additional costs. This scalability ensures that you can effectively oversee the travel expenses of your entire workforce without concerns about mounting expenses.
Unlimited Virtual and Physical Cards at No Cost:
ITILITE goes a step further by providing your company with an unlimited supply of both virtual and physical cards at no charge. Conversely, other prominent providers, such as AMEX, often levy annual fees ranging from $50 to $500 per card. This substantial cost savings can significantly influence your organization’s strategy for managing travel expenses.
2. Ink Business Unlimited® Credit Card
The Ink Business Unlimited® Credit Card offers generous cashback benefits to small businesses and provides a 0% introductory annual percentage rate (APR) on purchases for the first 12 months. Afterward, a variable APR ranging from 18.49% to 24.49% is applicable for both purchases and balance transfers. A balance transfer fee, either $5 or 5% of the transfer amount (whichever is greater), is also in effect. The initial 0% APR period can be beneficial for significant small business expenses, provided you can clear the balance before the promotional rate expires to maximize the advantages.
Sign-Up Bonus
A $900 cashback bonus when you spend $6,000 on purchases within the initial 3 months of opening your account.
Ongoing Cash Back Rewards
A 1.5% cash back on every business-related purchase you make.
No Annual Fees
This credit card doesn’t come with any annual fees, helping you save money.
Flexible Reward Redemption
Redeem your earned rewards for cash back, gift cards, travel, and more through the Chase Ultimate Rewards® program.
Employee Card Benefits
Obtain employee cards at no extra cost and set individual spending limits to enhance financial control within your business.
Enhanced Security
Benefit from 24/7 monitoring to detect and prevent unusual or unauthorized credit card transactions.
3. Capital One Spark Cash Plus
The Capital One Spark Cash Select Credit Card is available in two variants. This particular version is tailored for business owners with strong credit profiles seeking flexibility in their payments. It offers a 0% introductory APR for the initial 12 months, followed by a variable APR ranging from 21.24% to 29.24%.
1.5% Cash Back Earnings
An unrestricted 1.5% cash-back reward on your purchases.
No Yearly Charges
There are no annual fees associated with this card, saving you money.
Complimentary Employee Cards
Receive employee cards at no additional cost, facilitating expense management within your business.
On-the-Road Support
Benefit from complimentary roadside assistance services for added peace of mind when traveling.
4. The Blue Business® Plus Credit Card from American Express
The American Express Blue Business® Plus Credit Card is a credit card designed for business rewards. Cardholders can earn two points for every dollar spent on the first $50,000 annually and one point per dollar beyond that threshold.
You won’t be charged an annual fee, and you can also benefit from the card’s introductory 0% APR on purchases for the initial 12 months after opening your account. Following this period, a variable APR ranging from 18.49% to 26.49% will apply, depending on factors such as your creditworthiness and circumstances at the time of account opening.
Sign-Up Bonus
Receive 15,000 Membership Rewards® points after spending $3,000 on eligible purchases with your Card during the initial 3 months of Card Membership.
No Introductory APR
Enjoy a 0.0% introductory APR on purchases for the first 12 months from the date of account opening. After this period, the variable rate, ranging from 18.49% to 26.49%, will apply based on your creditworthiness and other account opening factors. The APR will not exceed 29.99%.
Rewards on Business Expenses
Earn 2X Membership Rewards® points on typical business purchases, including office supplies and client dinners. This 2X earning rate applies to the first $50,000 in annual purchases, with 1 point per dollar thereafter.
Increased Spending Capability
Benefit from the ability to use your Card beyond its credit limit with Expanded Buying Power.
No Annual Fees
There are no annual fees associated with this card, helping you save on costs.
5. The Hilton Honors American Express Business Card
The Hilton Honors American Express Business Card is the exclusive Hilton small business card among the four Hilton cards available from American Express. It presently provides a generous welcome offer of 130,000 Hilton Honors bonus points when you spend $3,000 on the card within the initial three months of card membership. This compelling bonus is especially noteworthy given the card’s modest $95 annual fee.
Welcome Bonus
A bonus of 150,000 Hilton Honors points and receive a complimentary night reward by spending $4,000 on purchases during the initial three months of your membership. All this is available for a mere $95 annual fee.
Rewards
One of the card’s standout features lies in its generous rewards system. Cardholders can earn an impressive 12 Hilton Honors Bonus Points for every dollar spent at participating hotels and resorts within the Hilton portfolio. Additionally, they can earn 6 points per dollar at U.S. restaurants, gas stations, flights booked directly with airlines, and more.
Benefits at Spending Thresholds
By spending $15,000 in a calendar year, cardholders can earn a Free Night Reward, usable at almost any Hilton property globally. Additionally, cardholders receive automatic mid-tier Hilton Gold status, entailing benefits like an 80% bonus on points earned from stays.
Enhanced Travel Experience
To further elevate the travel experience, cardholders can enroll in the Priority Pass Select Membership, which grants them access to over 1,200 airport lounges worldwide, allowing for 10 complimentary visits annually.
6. Capital One Spark Miles for Business
The Capital One Spark Miles for Business card is a fantastic option to enhance your international travel. It provides an initial annual fee of $0 for the first year (subsequently $95), making it an attractive choice, especially for small business owners, due to its array of appealing benefits.
Abundant Miles Earning Potential
One of the card’s remarkable features is the ability to earn an unlimited 2 miles for every dollar spent on all purchases, presenting ample opportunities to accumulate valuable miles. Moreover, for hotel and rental car bookings made through Capital One Travel, cardholders can earn an impressive 5 miles for each dollar spent.
Generous Welcome Bonus
The card includes a welcome bonus of 50,000 bonus miles, attainable by spending $4,500 on purchases during the initial three months of opening the account. This substantial bonus significantly enhances the overall value of the card.
Ideal for International Travel
For travelers venturing abroad, the Capital One Spark Miles for Business card proves to be an excellent choice as it imposes no foreign transaction fees on international purchases. Additionally, the card offers a reimbursement of up to $100 for Global Entry or TSA PreCheck application fees every four years. This not only leads to cost savings but also expedites the security screening process, enhancing the convenience of international travel.
7. The Business Platinum Card® from American Express
The Business Platinum Card from American Express offers a host of premium features tailored to elevate your travel and business experience. Earn 5X Membership Rewards® points on flights and prepaid hotels when booking through AmexTravel.com.
You can also access over 1,400 airport lounges across 140 countries with the Global Lounge Collection, ensuring comfort and relaxation on your journeys. Enjoy up to $200 in annual statement credits for airline incidental fees and receive up to $189 in statement credits for a CLEAR Plus membership, expediting security procedures. This card is your ultimate companion for seamless, rewarding, and stress-free business travel.
Enhanced Earning Potential
Earn 5X Membership Rewards® points when booking flights and prepaid hotel accommodations at AmexTravel.com. This means you can transform a summer trip to Madrid into a winter getaway to Miami.
Extensive Airport Lounge Access
The American Express Global Lounge Collection® offers a haven at the airport, boasting a vast network of over 1,400 lounges spanning 140 countries and continuing to grow. In fact, it provides more lounge locations than any other credit card on the market.
Airline Fee Reimbursement
Select a qualifying airline of your choice and receive up to $200 in statement credits annually for incidental fees like checked bags and in-flight refreshments charged to your Business Platinum Card® Account.
CLEAR Identity Verification Benefit
CLEAR® employs advanced methods, including eye and fingerprint recognition, to digitally confirm identities, expediting security clearance at select airports, stadiums, and entertainment venues nationwide. You can offset the cost of a CLEAR Plus membership with up to $189 in annual statement credits following payment for CLEAR Plus with your Business Platinum Card.
8. World of Hyatt Business Credit Card
The World of Hyatt Business Credit Card is renowned for being a top choice among business credit cards tailored for travel. Thanks to its extensive range of perks and rewards, it does come with an annual fee of $199.
Upon your initial membership, you can seize the chance to receive a substantial 60,000 bonus points as a generous reward for spending $5,000 on purchases within the initial three months of opening your account.
Enhanced Spending Benefits
For cardholders who spend $50,000 or more on the card within a calendar year, there’s an additional incentive. They’ll receive 10% of the points they redeem back as bonus points for the remainder of that calendar year, up to a maximum of 20,000 points annually.
Rewarding Earning Structure
The World of Hyatt Business Credit Card offers an appealing system for earning rewards. Cardholders earn 2 Bonus Points for every dollar spent within their top three spending categories each quarter until 12/31/23. These categories can encompass expenses like dining, airline tickets, local transit, and more. Additionally, you earn 4 points for every dollar spent at Hyatt Hotels, further enhancing your potential for accumulating rewards.
Elite Status Progression
Another valuable perk of this card is the opportunity to acquire 5-night credits with every $10,000 in card spending during a calendar year. These credits assist you in advancing towards elite status within the World of Hyatt loyalty program, unlocking additional benefits such as room upgrades, late checkout, and more.
9. Ramp Card
The Ramp Card is a corporate charge card designed for incorporated businesses in the United States, including corporations, LLCs, and limited partnerships. It offers several advantageous features, including no annual fees, an unlimited 1.5% cashback reward, card-level spending management tools, and seamless integration with leading business software applications.
Differing from many other business credit cards, the Ramp Card can be obtained without the need for a personal guarantee or a credit check. Eligibility is based on your business’s robust revenue and the presence of at least $75,000 in a dedicated business bank account.
Card Category: Small Business
This credit card is specifically designed to cater to the needs of small businesses. It offers features and benefits tailored to address the unique financial requirements of small business owners, making it a suitable choice for those running enterprises on a smaller scale.
Annual Fee: No Cost
One of the key advantages of this card is that it doesn’t impose an annual fee. Small business owners can use the card without incurring an annual expense, allowing them to allocate their financial resources more effectively to other business needs.
Welcome Bonus: Absent
Unlike some credit cards that provide a welcome bonus or sign-up incentive, this card does not offer an initial bonus. This means that you won’t receive a lump sum of extra rewards or cash when you first open your account. It’s essential to consider this when evaluating the overall value of the card.
Rewards Structure: Cash Back
With this card, you can earn a steady 1.5% cash back on all your purchases. This means that for every dollar you spend, you receive 1.5 cents back in cash. The cashback can be accumulated over time and later redeemed as a statement credit, effectively reducing your card balance or covering eligible expenses. The simplicity of this rewards structure makes it easy to earn and use your rewards.
10. Marriott Bonvoy Business® American Express® Card
The Marriott Bonvoy Business® American Express® Card is a reliable choice for small business owners who are enthusiastic about Marriott Bonvoy. It offers valuable advantages like an annual complimentary night stay at hotels (up to 35,000 points) and the opportunity to fast-track your Marriott elite status through an annual allocation of 15 elite night credits.
Card Category: Hotel and Small Business
This credit card serves a dual purpose, benefiting both hotel enthusiasts and small business owners.
Annual Fee: $125
The card requires an annual fee of $125, which covers access to its features and rewards.
Welcome Bonus: Lucrative Offer
New cardholders can earn a substantial bonus of 125,000 Marriott Bonvoy Points by spending $8,000 on purchases within the first 6 months of Card Membership. It’s important to note that this offer expires on November 1, 2023, and terms and conditions apply.
Points Valuation: Estimated Value
The value of Marriott points, according to NerdWallet, is estimated to be 0.8 cents each. This valuation can be useful when assessing the worth of your accumulated points and rewards.
Interest Rate: Variable APR
The card carries an ongoing variable APR, ranging from 20.99% to 29.99%, which applies to any outstanding balances on the card. The specific APR you receive will depend on your creditworthiness and other factors.
Simplify Travel Spend Management with IL Cards
ITILITE presents an all-encompassing solution for optimizing expenditure management like never before. With ITILITE, you can achieve an outstanding 100% adherence to your expense policy, ensuring comprehensive control over your business outlays.
But that’s not all! By choosing the IL Cards, you’re not only overseeing your expenses but also earning as you spend. Enjoy an impressive 1.5% cashback, turning every purchase into a mutually beneficial transaction. Our user-friendly card reconciliation process simplifies expense tracking.
Moreover, with tailored reporting, you gain valuable insights into your spending habits and effortlessly adapt your financial strategies. ITILITE serves as the gateway to a more intelligent, efficient, and rewarding journey in managing expenditures.
To learn more, book a free demo now.
