NerdWallet’s Best Small Business Credit Cards, Spring 2014

by

Running a small business is never easy. Keeping track of endless details, especially expenses, can be a hassle, so having a great business credit card is essential to the success of a small business. We’ve compiled a list of the best credit cards for your small business in hopes of making your life just a little bit easier.

Whether you’re looking for low-interest rates or to take advantage of your travel expenses, we’re here to help you choose the right card for you and your business.

Best overall business credit card: Ink Plus® Business Card

Our top-ranked business credit card, the Chase Ink Plus starts off with a bang: Earn 50,000 bonus points after you spend $5,000 in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards. That’s worth 25% more when you redeem for travel, making the Plus a better travel card than most airline credit cards. Lest you think the Ink Plus is a mere flash in the pan, past the signup bonus, you’ll earn:

  • 5 points per $1 you spend on office supply stores and phone, Internet, and cable TV services, up to $50k spent annually
  • 2 points per $1 you spend on gas and hotel stays, also up to $50k
  • An unlimited 1 point per $1 elsewhere

But wait, there’s more! The Ink Plus has no foreign transaction fee – business travelers, take note – and free employee cards. It’s also a great airline miles card: you can transfer your points 1:1 to United MileagePlus, Southwest, Hyatt, Marriott and more. There is, however, a $95 annual fee (waived in the first year), so the card’s best for higher-spending companies.

Ink Plus® Business Card
Chase Ink Plus with Ultimate Rewards Credit Card
Apply Now

on Chase's
secure website

starstarstarstarhalfstar
  • Named "Best for Travel Rewards for Small Business" MONEY® Magazine, October 2013
  • Earn 50,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards.
  • Flexibility to pay your balance over time or in full.
  • Earn 5X points per $1 on the first $50,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year.
  • Earn 2X points per $1 on the first $50,000 spent in combined purchases at gas stations and hotel accommodations when purchased directly with the hotel each account anniversary year.
  • No foreign transaction fees.
  • 1:1 point transfer to leading frequent travel programs with no transfer fees.
  • $0 Intro Annual Fee for the first year, then $95
thumbsupPros
  • No foreign transaction fee
thumbsdownCons
  • Has annual fee
Annual Fee Signup Bonus APR , Variable* APR Promotions
$0 Intro Annual Fee for the first year. After that, $95 Earn 50,000 bonus points after you spend $5,000 in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards. 15.24% (Variable) Purchase: None
Transfer: None

Best low interest plus rewards card: Ink Cash® Business Card

The Ink Plus’ no fee/cash back cousin, the Chase Ink Cash still earns 5x rewards in bonus categories, but only up to $25,000 a year. On the plus side, it pays out in cash, which is pretty much the easiest kind of rewards program to deal with. Here’s the breakdown of the Cash’s rewards program (changes from the Plus highlighted in bold):

  • 5 points per $1 you spend on office supply stores and phone, Internet, and cable TV services, up to $25k spent annually
  • 2 points per $1 you spend on gas and dining, also up to $25k
  • An unlimited 1 point per $1 elsewhere

The Cash’s signup bonus is a bit smaller: Earn $200 bonus cash back after you spend $3,000 in the first 3 months from account opening Also, it isn’t eligible for the 25% points bump. But for a smaller business with fewer expenses, it has some key perks. Not only does it have no annual fee, it gives a full 12 months of zero interest on your purchases and transfers – one of the longest periods out there. That, combined with the 5% rewards on office supplies, makes it ideal for businesses outfitting that first corporate office. No fees, no fuss, high rewards.

Ink Cash® Business Card
Chase  Ink Cash Business Credit Card
Apply Now

on Chase 's
secure website

starstarstarstarstar
  • Named "Best for Cash Back for Small Business" MONEY® Magazine, October 2013
  • Earn $200 bonus cash back after you spend $3,000 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 cellular phone, landline, internet and cable TV 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 year.
  • Earn 1% cash back on all other card purchases with no limit to the amount you can earn.
  • 0% introductory APR for 12 months on purchases and balance transfers.
  • No annual fee.
thumbsupPros
  • Bonus cash back categories
  • No annual fee
  • 0% for 12 mos on transfers
Annual Fee Signup Bonus APR , Variable* APR Promotions
No Annual Fee Earn $200 bonus cash back after you spend $3,000 in the first 3 months from account opening 13.24% (Variable) 0% on purchases and balance transfers for 12 months

Stellar rewards with a charge card: Ink Bold® Business Charge Card

The Chase Ink Bold is the same as the Ink Plus, but for one significant difference: It’s a charge card, not a credit card, so you should only get the card if you will pay off your balance every month.

Ink Bold® Business Charge Card
Chase Ink Bold with Ultimate Rewards Credit Card
Apply Now

on Chase's
secure website

starstarstarstarhalfstar
  • Earn 50,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards.
  • No interest charges because you pay your balance in full each month.
  • Earn 5X points per $1 on the first $50,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year.
  • No foreign transaction fees
  • Direct access to a live service advisor anytime.
  • 1:1 point transfer to leading frequent travel programs with no transfer fees.
  • $0 Intro Annual Fee for the first year, then $95.
thumbsupPros
  • No foreign transaction fee
thumbsdownCons
  • Has annual fee
Annual Fee Signup Bonus APR , Variable* APR Promotions
$0 Intro Annual Fee for the first year, then $95 Earn 50,000 bonus points after you spend $5,000 in the first 3 months from account opening N/A Purchase: None
Transfer: None

We want to hear from you and encourage a lively discussion among our users. Please help us keep our site clean and safe by following our posting guidelines, and avoid disclosing personal or sensitive information such as bank account or phone numbers. Any comments posted under NerdWallet's official account are not reviewed or endorsed by representatives of financial institutions affiliated with the reviewed products, unless explicitly stated otherwise.