Best Business Rewards Credit Cards 2020

Best Greenbacks Dorsum Concern Credit Cards

Best Overall

Ink Business Unlimited® Credit Carte du jour

1.five% Advantage Charge per unit

Earn unlimited 1.v% Cash Back rewards on every buy fabricated for your business

Welcome Bonus

Earn $900 bonus cash back

Regular April

16.99% – 22.99% Variable

Credit Score

Excellent, Good (700 – 749)

Why We Picked It

Busy business owners will appreciate this carte du jour’s uncomplicated flat-rate rewards program which doesn’t require time to manage and optimize.

Pros & Cons

  • Unlimited ane.v% greenbacks dorsum rewards on purchases
  • No annual fee
  • Generous welcome bonus
  • 0% Intro April on purchases for 12 months
  • Cash back awarded as Ultimate Rewards, which tin can be combined with Premium Chase credit carte du jour accounts for improve advantage redemption options
  • High foreign transaction fees
  • Not a good carte for balance transfers

Card Details

  • Best Offer EVER: Earn $900 bonus greenbacks back after you spend $6,000 on purchases in the start 3 months from business relationship opening
  • Earn unlimited 1.5% cash back on every buy fabricated for your business organization
  • No Annual Fee
  • Redeem rewards for greenbacks dorsum, gift cards, travel and more through Chase Ultimate Rewards®.
  • Earn rewards faster with employee cards at no boosted cost. Set private spending limits for greater command.
  • With Fraud Protection your card transactions will exist monitored for possible signs of fraudulent activity using existent-time fraud monitoring.
  • With Zip Liability you won’t exist held responsible for unauthorized charges made with your card or business relationship information.
  • 0% introductory APR for 12 months on purchases

Best for Business organization with High Sales Volume

Wells Fargo Business Aristocracy Signature Card
*

Wells Fargo Business Elite Signature Card

Upwards to 1.5X Reward Charge per unit

Earn 1.five% greenbacks back on every $i spent or earn 1 point on every $ane spent and receive five,000 bonusRead More

Welcome Bonus

$one,000 greenbacks dorsum bonus

Annual Fee

$125 almanac fee (waived commencement year)

Regular April

11.49% variable April on purchases

Credit Score

Adept/Fantabulous (700 – 749)

Why We Picked Information technology

Only for businesses with annual sales over $1 million who require robust employee spending control and reporting. For others, better options are available.

Pros & Cons

  • Excellent benefits and perks, like travel insurance
  • No foreign transaction fees
  • Up to 200 no-extra-cost employee cards
  • $125 Annual fee (waived starting time year)
  • Other cards in the the same category offer higher rewards
  • Cash back is but credited to your account quarterly

Bill of fare Details

  • Earn a one-time $1,000 cash dorsum bonus or 100,000 bonus points when yous spend $25,000 in the first three months of account open engagement
  • Earn 1.5% cash back on every $1 spent or earn i point on every $1 spent and receive v,000 bonus points when your visitor spend is $ten,000 or more in whatever monthly billing period
  • Travel Incidental Fee Reimbursement: up to $100 per agenda yr per company
  • Annual Fee: $0 commencement year, and and then $125

All-time for Bonus Categories

Ink Business organisation Greenbacks® Credit Card

Upwards to 5% Reward Rate

Earn 5% cash back on the first $25,000 spent in combined purchases at part supply stores and on internet, cableRead More

Welcome Bonus

Earn $900 bonus cash back

Regular APR

sixteen.99% – 22.99% Variable

Credit Score

First-class, Skilful (700 – 749)

Why Nosotros Picked It

Offers enticing cash rewards for those with significant business-related spending, with an added bonus of 0% introductory APR on purchases for the first 12 months of opening your account.

Pros & Cons

  • No additional fee for employee cards
  • High rewards rates in select bonus categories
  • Generous welcome bonus
  • Very loftier fee for cash advances & balance transfers
  • Spending cap on bonus categories
  • Low rewards rates outside of bonus categories

Menu Details

  • BEST Offer EVER: Earn $900 bonus greenbacks dorsum after you spend $6,000 on purchases in the first 3 months from account opening
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary yr. Earn 1% cash back on all other purchases
  • With Fraud Protection your bill of fare transactions will be monitored for possible signs of fraudulent activity using real-fourth dimension fraud monitoring.
  • With Zero Liability yous won’t exist held responsible for unauthorized charges made with your card or business relationship information.
  • No Annual Fee
  • Redeem rewards for cash dorsum, gift cards, travel and more than through Chase Ultimate Rewards®.
  • 0% introductory April for 12 months on purchases

Best for Amazon Expenses

Amazon Business Prime American Express Card
*

Upwards to 5% Reward Rate

Earn five% Back or ninety Days Terms on eligible U.S. purchases at Amazon Business, AWS, Amazon.com and Whole Foods MarketRead More

Welcome Bonus

Earn upwardly to $125 back

Regular Apr

xviii.49% – 26.49% variable

Credit Score

Good/Excellent (700 – 749)

Why Nosotros Picked Information technology

If your business spends heavily on Amazon.com, AWS, or Whole Foods, this menu’due south 5% back is an unbeatable reward — more so with no annual fee. If curt-term cash menses is an issue, you lot accept the option to swap the 5% dorsum for 90-twenty-four hours 0% APR financing on whatever eligible purchase. There is no 0% intro April offering, and the standard Apr is high, and then this card isn’t suitable for long-term financing.

Pros & Cons

  • No foreign transaction fee
  • Free employee cards include buy controls
  • On each eligible purchase, choose five% back or 90-twenty-four hour period terms at Amazon and Whole Foods
  • Amazon Prime number membership required
  • No intro APR offer
  • Standard Apr can exist high, depending on your credit

Carte du jour Details

  • Get an Amazon.com Souvenir Card upon approval for the Amazon Business Prime American Limited Bill of fare
  • No annual fee
  • Choose 5% Dorsum or xc Days Terms on eligible U.Southward. purchases at Amazon Business concern, AWS, Amazon.com and Whole Foods Marketplace with an eligible Prime number membership
  • Earn 2% Back at U.S. restaurants, U.Due south. gas stations, and on wireless telephone services purchased straight from U.S. service providers
  • Earn 1% Back on other purchases
  • 5% dorsum applies to the first $120,000 in purchases each agenda year, i% thereafter
  • Expense management tools, including Account Manager, Employee Cards, Account Alerts, AMEX Business organization App, Vendor Pay, and Twelvemonth-End Summary
  • Amex ranked #ii in the 2018 J.D. Power U.S. Credit Menu Satisfaction Study℠

Best Cash Back for Small Businesses

American Express Blue Business organisation Greenbacks™ Carte

Upwards to ii% Reward Charge per unit

Earn 2% Cash Back on all eligible purchases on up to $50,000 per calendar year; Earn 1% Cash Back onRead More

Welcome Bonus

Earn a $250 argument credit

Regular April

17.49% – 25.49% Variable

Credit Score

Excellent/Good (700 – 749)

Why Nosotros Picked Information technology

Because there’s no annual fee, the American Express Blueish Business organisation Greenbacks™ Card pays off for concern owners who spend $50k or less per year. Just don’t utilize the card overseas, as the foreign transaction fee eclipses the cashback rewards.

Pros & Cons

  • No annual fee
  • Introductory Apr on purchases
  • Great extra benefits like purchase protection and car rental insurance
  • Business-oriented benefits like employee cards and authorized management accounts
  • Highest-earning greenbacks dorsum reward capped after $50,000 in annual spending
  • High strange transaction fees
  • No depression introductory APR for balance transfers

Card Details

  • Earn a $250 argument credit after you brand $3,000 in purchases on your Carte du jour in your offset 3 months.
  • Earn two% cash back on all eligible purchases on up to $50,000 per calendar twelvemonth, and then 1%. Cash back earned is automatically credited to your statement.
  • From workflow to inventory to floor plans, your business is constantly irresolute. That’due south why you lot’ve got the power to spend beyond your credit limit with Expanded Buying Power.
  • Just recollect, the corporeality yous tin can spend above your credit limit is non unlimited. Information technology adjusts with your use of the Card, your payment history, credit record, fiscal resources known to united states of america and other factors.
  • 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable charge per unit, 17.49% – 25.49%, based on your creditworthiness and other factors every bit adamant at the time of account opening.
  • No Annual Fee
  • Terms Employ

Best for Option of Categories

Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card


Apply Now

On Banking company of America Small Business New Account’s Website


Apply Now

On Bank of America Minor Business New Account’s Website

Credit Score

Excellent Credit (750 – 850)

Why Nosotros Picked It

For business concern owners who max out the 50k annual spending on the bonus categories, the rewards are substantial for a no-annual-fee card. Preferred Rewards for Business organization members can brand out like a bandit with the 25-75% rewards bonus. The foreign transaction fee means information technology’south best to keep this carte du jour at home when traveling overseas.

Pros & Cons

  • Introductory Apr offering on purchases
  • 3% cashback rate on the spending category of your choice
  • Preferred Rewards for Business members earn a 25-75% bonus
  • Foreign transaction fee
  • 2% and three% bonus categories have a combined annual spending cap of $50,000
  • No intro Apr offer for balance transfers

Card Details

  • Become a $300 statement credit online bonus subsequently you make at to the lowest degree $three,000 in net purchases in the kickoff 90 days of your business relationship opening – with no almanac fee and cash rewards don’t expire.
  • Earn 3% cash dorsum in the category of your selection, 2% greenbacks back on dining purchases and unlimited 1% cash back on all other purchases.
  • You’ll earn 3% and ii% cash back on the first $50,000 in combined option category/dining purchases each calendar twelvemonth, ane% thereafter.
  • Redeem your greenbacks back as a eolith into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you.
  • Earn up to 75% more cash back on every purchase, if yous have a business checking account with Banking company of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to 5.25% in your selected choice category and up to three.five% on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
  • Contactless Cards – The security of a chip card, with the convenience of a tap.
  • This offering may non exist available if you leave this page or visit our website. You lot tin take reward of this offer when y’all apply now.

Best for Choosing Your Own Rewards

Wells Fargo Business Platinum Credit Card
*

Upwards to 1.5X Reward Rate

Choose your rewards: Cash Back or Rewards Points. Greenbacks Back option: Earn one.5% cash back on every $one spent; RewardRead More than

Welcome Bonus

thirty,000 points

Regular APR

15.49% – 25.49% variable APR

Credit Score

Adept/Excellent (700 – 749)

Why We Picked It

The Wells Fargo Business concern Platinum Credit Card is a solid everyday rewards card for pocket-size businesses — specially those in need of multiple employee cards. The one.v% cashback option is a great offer. The reward points pick, non then much.

Pros & Cons

  • Choose-your-adventure rewards can be customized
  • Intro offer on purchases and balance transfers
  • No annual fee
  • Rewards construction can be complicated to optimize
  • Few major extra benefits

Card Details

  • Get a sometime $300 greenbacks back bonus or 30,000 bonus points when you enroll in the Business Bill of fare Rewards Programme and spend $three,000 in the first three months of account open date
  • Choose your rewards: Cash Back or Rewards Points
  • Cash Back option: Earn one.5% cash back on every $1 spent
  • Advantage Points option: Earn 1 bespeak on every $1 spent and receive ane,000 bonus points when your company spend is $1,000 or more in any monthly billing period
  • No required spending categories or caps
  • Zero Liability Programme: You’ll exist fully reimbursed for unauthorized purchases or ATM transactions that are made with your Business organisation Platinum Credit Card and reported promptly
  • $0 almanac card fee, plus up to 99 employee cards (no boosted fee)

Methodology

When considering the best cash-back credit cards for businesses, we compared non only the various earning structures merely the overall combination of benefits each card offered. We went through dozens of options and considered the post-obit factors when it came time to scarlet-pick our summit choices: rewards rate, credit bill of fare fees, ease of use, welcome offers and cardholder perks.


The Best Cash Dorsum Business organization Credit Cards


What Is a Cash-Back Business Credit Card?

A cash-back business organisation credit card is any credit card designed for and issued to businesses that earns rewards in the form of cash dorsum. Ofttimes, cash-dorsum business credit cards earn at college rates in common business organization expense categories, such as office supplies and net or telephone service, with a smaller cash-back rate on general purchase categories. These cards oftentimes come with business organisation-oriented benefits besides.

Business credit cards may withal crave personal guarantees from master cardholders in the event a business lacks sufficient business credit history or collateral. The cards may help smaller businesses including sole proprietorships keep owners’ personal and business expenses separate.

How Does Greenbacks Back For Credit Cards Work?

Every time you make a buy with your cash-back concern card, you’ll earn a percentage back on your spending. The amount you’ll earn will depend on your detail carte’southward terms. For instance, 1% cash back on a $100 purchase equates to $1 in cash-back rewards.

Those earnings are accumulated in your carte’s account and you can redeem them according to your card’s protocols. Some cards let you redeem your greenbacks earnings in any amount, at any fourth dimension, while others require a minimum balance to cash out. Normally, the rewards are redeemed equally a argument credit or an electronic eolith into a linked account. Cash-back rewards are not a disbelieve on purchases—all purchases must be paid off in full.


Pros and Cons of Greenbacks-Back Business Credit Cards

Business credit cards offer cash-dorsum rewards can be, well, rewarding. But these cards as well often come with a few disadvantages.

Pros:

  • Cardholders earn cash rewards for spending
  • A wide market place of cards offer a variety of category-based earning—applicants volition likely find a card that fits into their businesses’ spending patterns

Cons:

  • Greenbacks-back cards often feature college standard APRs
  • Some cards characteristic caps on how much cash back can be earned each year
  • Cash back is not a discount—cardholders must await for greenbacks-dorsum redemptions


How to Employ for a Cash-Back Business Credit Card

The business credit card awarding process resembles a personal credit card awarding process. It oft requires data including the business’ name, taxation ID, incorporation status, annual revenue and more than. About issuers make applying like shooting fish in a barrel and convenient via online application forms, only calling your issuer of choice may be just equally convenient. To learn more about the application process, run across our guide to applying for credit cards.


How to Choose a Business organization Credit Card for Cash Back

  • Determine whether you lot prefer bonus categories or flat-charge per unit rewards.
    If y’all spend a lot of money in specific categories like role supply stores or dining each year, yous may be better off with a credit menu that offers more points in these areas. On the other hand, a credit bill of fare that offers a loftier rate of apartment-rate rewards may help you lot earn more if your spending is spread evenly across multiple categories.
  • Compare welcome bonus offers.
    To see if you lot can qualify for the best bonus offers, effigy out how much your business spends on average each month. From at that place, meet which bonus offers fit with your average spending style.
  • Look for cardholder perks y’all want.
    If you’re interested in credit menu benefits like purchase protection or extended warranties, wait for business credit cards with these perks.
  • Make up one’s mind how you desire to redeem your rewards.
    Business cards offering cash dorsum all work differently. Some only let you redeem for statement credits or a cheque in the mail service, while others let you cash in points for souvenir cards, travel, trade and more than. Brand sure any cards you’re because offer the redemption options you lot adopt.
  • Take a shut look at annual fees.
    Finally, make sure to compare business credit cards in terms of almanac fees and other fees. While paying an annual fee can be well worth it, y’all should make sure you’re getting ample rewards and cardholder benefits in return.


Bottom Line

A cash-back business card tin evangelize solid dividends on spending for many businesses, but all business owners should carefully consider whether a cash-back card is meliorate than other types of business organisation credit cards. Be sure to weigh additional benefits, credit limits and introductory and standard APRs against the advantage potential of cards you consider for your business.

To view rates and fees for the American Limited Blue Business Cash™ Card please visit this page.


Frequently Asked Questions (FAQs)

What is the best business credit card for greenbacks dorsum?

Forbes Advisor rates the Ink Business Unlimited® Credit Card as the best business organization credit card for cash dorsum. It has a elementary notwithstanding rewarding earning structure as well as a suite of cardmember benefits that cater to small-scale businesses.

Which credit menu offers the highest credit limit?

Although business organisation credit cards typically offer higher credit limits than personal cards, if yous’re looking for the highest possible limit on a cash-back business credit carte, know that the limit you’ll actually receive will depend on your credit contour.

If you expect that you’ll occasionally need to spend more on a card than your credit limit, consider a business accuse card. With a charge carte du jour you’ll take to pay the balance in full every month, unlike a credit card where you can carry a balance. A charge card also doesn’t accept a preset spending limit which means you won’t have to worry near being denied for a large buy. Notwithstanding, the issuer will use your spending patterns to determine an upper limit on the amount y’all can accuse at whatsoever one fourth dimension.

Which cash-dorsum credit menu earns the most cash dorsum?

In that location’s no i best cash-back business card that will earn the most rewards for everyone. The credit carte that will earn you lot the highest cash-back rewards will depend on your business organization’ spending habits and tolerance for tracking rewards.

For example, the Ink Business Preferred® Credit Carte earns iii points per dollar on the beginning $150,000 spent on travel and select business categories each account anniversary twelvemonth and one point per dollar on all other purchases. If these categories match up with your visitor’s expenses, the rewards can really add together up. But information technology requires tracking your spending advisedly.

If y’all prefer a simple greenbacks-back scheme, a flat-charge per unit card could be a improve fit. The American Express Blue Business Cash™ Carte earns 2% cash back on all eligible purchases on up to $50,000 per calendar year, and so one%.

Is cash back taxable for a business?

Credit carte du jour cash-back rewards are considered a rebate on purchases rather than as income. Because of this, cash back is not taxable for businesses. However, other types of credit card rewards may exist treated as earned income and your business may be issued a 1099 to written report on your annual taxes. Always check with your tax advisor to ensure yous’re filing and paying business taxes every bit required.


Other Credit Cards to be Considered

Information provided on Forbes Advisor is for educational purposes just. Your financial situation is unique and the products and services we review may not be right for your circumstances. We practise non offering financial advice, advisory or brokerage services, nor practise nosotros recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the fourth dimension of publication. By operation is not indicative of time to come results.

Forbes Counselor adheres to strict editorial integrity standards. To the best of our noesis, all content is authentic as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’south alone and have not been provided, approved, or otherwise endorsed by our partners.

Source: https://www.forbes.com/advisor/credit-cards/best/business-cash-back/

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