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Best Corporate Credit Cards of February 2024

A corporate credit card may be a good fit for corporations with at least several million dollars in annual revenue.
By Kelsey Sheehy, Rosalie Murphy
Last updated on January 5, 2024
Edited byRyan Lane
Fact checked and reviewed

⏰ Estimated read time: 7 minutes

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Corporate credit cards are a good option for companies that want increased spending power and enhanced expense management tools — without a personal guarantee.
Corporate cards, sometimes called commercial credit cards, are available from most major credit card companies, like American Express, JPMorgan Chase, Capital One, Citi and Wells Fargo. However, these options are geared toward large corporations with millions of dollars in annual revenue.
The corporate cards below offer similar benefits: high limits, rewards, employee credit cards, no personal guarantee and expense management tools. And while they're more attainable for small to medium-sized businesses, you'll still need to be incorporated and have solid financials to qualify. If you're a sole proprietor or have uneven cash flow, a better fit is likely a traditional business credit cards.
Note: Some of our selections can be applied for through NerdWallet, and some cannot. Below, you’ll find application links for the credit cards from our partners that are available through NerdWallet, followed by the full list of our picks.

Looking for a business credit card?

See our overall favorites, or choose your business type to find the best options for you.

Our top overall picks

on Nerdwallet's secure site

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Corporate credit cards are a good option for companies that want increased spending power and enhanced expense management tools — without a personal guarantee.
Corporate cards, sometimes called commercial credit cards, are available from most major credit card companies, like American Express, JPMorgan Chase, Capital One, Citi and Wells Fargo. However, these options are geared toward large corporations with millions of dollars in annual revenue.
The corporate cards below offer similar benefits: high limits, rewards, employee credit cards, no personal guarantee and expense management tools. And while they're more attainable for small to medium-sized businesses, you'll still need to be incorporated and have solid financials to qualify. If you're a sole proprietor or have uneven cash flow, a better fit is likely a traditional business credit cards.
Note: Some of our selections can be applied for through NerdWallet, and some cannot. Below, you’ll find application links for the credit cards from our partners that are available through NerdWallet, followed by the full list of our picks.

Looking for a business credit card?

See our overall favorites, or choose your business type to find the best options for you.

Our top overall picks

on Nerdwallet's secure site

Here are the best corporate credit cards from our partners

Credit cardNerdWallet ratingAnnual feeRewards rateIntro offerLearn more

Ramp Card

Apply now

on Ramp's website

3.7/5

Best for Simple cash back

$0

1.5%

Cashback

N/A

Apply now

on Ramp's website

Brex Card

Apply now

on Brex's website

3.1/5

Best for Venture-funded startups

$0

1x-7x

Points

10,000

Points

Apply now

on Brex's website

BILL Divvy Corporate Card

Apply now

on BILL Spend & Expense's website

2.9/5

Best for High rewards rates

$0

1x-7x

Points

N/A

Apply now

on BILL Spend & Expense's website

Credit cardNerdWallet ratingAnnual feeRewards rateIntro offerLearn more

Ramp Card

Apply now

on Ramp's website

3.7/5

Best for Simple cash back

$0

1.5%

Cashback

N/A

Apply now

on Ramp's website

Brex Card

Apply now

on Brex's website

3.1/5

Best for Venture-funded startups

$0

1x-7x

Points

10,000

Points

Apply now

on Brex's website

BILL Divvy Corporate Card

Apply now

on BILL Spend & Expense's website

2.9/5

Best for High rewards rates

$0

1x-7x

Points

N/A

Apply now

on BILL Spend & Expense's website

I'M INTERESTED IN:

Our pick for

Simple cash back

Ramp Card

Read Review
Apply now

on Ramp's website

Annual fee
$0
Rewards rate
1.5% Cashback
Intro offer
N/A
The
Ramp Card
offers the simplest rewards program of our picks, plus useful spend management tools.

Ramp Card

NerdWallet rating 

3.7/5
Apply now

on Ramp's website

Annual fee
$0
Rewards rate
1.5% Cashback
Intro offer
N/A

Our pick for

Venture-funded startups

Brex Card

Read Review
Apply now

on Brex's website

Annual fee
$0
Rewards rate
1x-7x Points
Intro offer
10,000 Points
The
Brex Card
offers standout rewards rates on travel and restaurants, but you'll generally need venture funding to qualify.

Brex Card

NerdWallet rating 

3.1/5
Apply now

on Brex's website

Annual fee
$0
Rewards rate
1x-7x Points
Intro offer
10,000 Points

Our pick for

High rewards rates

BILL Divvy Corporate Card

Read Review
Apply now

on BILL Spend & Expense's website

Annual fee
$0
Rewards rate
1x-7x Points
Intro offer
N/A
The
BILL Divvy Corporate Card
's rewards are most likely to pay off for companies with predictable cash flow.

BILL Divvy Corporate Card

NerdWallet rating 

2.9/5
Apply now

on BILL Spend & Expense's website

Annual fee
$0
Rewards rate
1x-7x Points
Intro offer
N/A

NerdWallet's editorial picks: Best corporate credit cards

Before applying, confirm details on the issuer’s website.

Ramp Card

Best for: Simple cash back
NerdWallet star rating:
3.7
Ramp is a corporate charge card available to incorporated businesses in the U.S. that have strong revenue and at least $75,000 in a business bank account. You must link that account to your Ramp Card when you apply. Perks include unlimited
1.5
% cash back on all purchases (redeemed as a statement credit), unlimited cards, automated receipt matching, spending controls and expense management and forecasting tools, and discounted pricing with partner vendors like Slack. Read full review.

Brex Card

Best for: Venture-funded startups
NerdWallet star rating:
3.1
The Brex corporate card comes in two varieties: paid daily or paid monthly. You need professional investors and a business account balance of at least $50,000 to qualify for monthly payments.
Brex offers a welcome bonus:
Get 10,000 points when you spend $3,000 on a Brex Card within your first 3 months.
There are high rewards rates, too:
Earn points on every dollar spent with industry-leading multipliers: 7x on rideshare, 4x on Brex Travel, 3x on restaurants, 2x on software subscriptions and 1x on all other transactions. Earn 3x Brex Rewards points on all eligible Apple purchases through the link or your Brex dashboard.
Read full review.

BILL Divvy Corporate Card

Best for: High rewards rates
NerdWallet star rating:
2.9
Bill Spend & Expense offers a useful spend management platform that lets business owners set individual and team budgets and keep an eye on their spending. Similar to the Ramp Card,
BILL Divvy Corporate Card
users can upload receipts to expenses and categorize spending on users’ cards, which may make bookkeeping easier.
Bill’s rewards rates are intriguing on their face:
Earn up to 7x rewards on restaurants and 5x on hotels with weekly billing. Terms apply.
But actually redeeming them is tricky. In order to earn those high rates, you’ll have to be a Bill user for at least 12 months and spend at least 30% of your credit line in any given month. That means Bill is best suited to companies with consistent, predictable spending and cash flow. Read full review.

What is a corporate credit card?

Corporate credit cards are designed for large, incorporated companies and are issued to the company rather than the business owner. Because of this, corporate cards do not require a personal guarantee. Instead, the corporation assumes all financial liability for purchases made on the card by its employees.

How do you qualify for a corporate card?

To qualify for a corporate credit card, you typically need a high business credit score, annual revenue in the millions and a dozen or more employees authorized to make spending decisions for the company. Your business also needs to be incorporated as an S corporation, a C corporation or a limited liability company, or LLC.
These requirements can vary from one card issuer to another.
American Express, for example, requires at least $4 million in annual revenue and yearly credit card spending equal to 10% or less of your annual revenue to open one of its corporate credit cards. AmEx corporate cards are available to limited liability partnerships as well as corporations and LLCs. See more American Express business credit card options.
JPMorgan Chase corporate cards, on the other hand, are geared toward even larger companies. Most require an annual credit card spend of $10 million or more and have specific use cases: travel, business-to-business payments and single-use virtual cards. See more Chase business credit card options.
Other corporate credit cards from fintech companies, like Ramp, Brex and BILL, have more attainable requirements. The
Ramp Card
, for example, is available to incorporated businesses with at least $75,000 in a business bank account, whereas the
BILL Divvy Corporate Card
requires a business account balance of at least $20,000.

Benefits of a corporate credit card

There are several advantages to going with a corporate card program:
  • Personal credit is protected. Corporate cards do not affect your personal credit. Approval is based on your company’s revenue and business credit score (among other factors), and payments on the card — as well as any missed payments — are recorded on the company’s business credit report.
  • Reduced personal risk. Unlike business credit cards, corporate cards do not require business owners to sign a personal guarantee. That means your personal assets are not on the line if an employee misuses a card or your company folds and can’t pay the outstanding balance.
  • Better reporting. Corporate credit card programs offer businesses robust ways to track expenses. Your cardholding employees typically will be able to file their expenses electronically, saving you time checking reports. Also, it will be easier for you to see where and how your employees are spending your company's money.
  • Ability to set spending limits. Setting rules for spending is crucial for business success. Corporate card programs offer employee credit cards and let managers set limits on the amount of spending and the categories in which employees can spend. Many companies forbid the personal use of a corporate credit card.

Drawbacks of a corporate credit card

Corporate credit cards also have disadvantages, including:
  • In-depth application process. Setting up a corporate line of credit will likely be a more involved process than applying for a business credit card online. Card issuers will evaluate your business stability to establish creditworthiness, so be prepared to share your legal and financial information for corporate card approval.
  • May require a minimum number of cardholders. Some corporate card issuers require that eligible corporations sign up for a minimum number of employee cards. If your business doesn’t need that many authorized cardholders yet, you may want to research cards that do not have that requirement — or hold off on getting a corporate card until then.

Who is liable for purchases on a corporate card?

Corporate credit cards allow multiple employees to use cards to make purchases on the employer's behalf. Who is legally responsible for those charges depends on the card; some default to corporate liability, while others give you the option to choose between corporate, individual or joint liability.

Corporate liability

The company is responsible for paying the bill. The issuer doesn't check employees' credit. Employees file expense reports so the company can reconcile charges with the card statement each month, but the employee doesn’t have to pay the bill upfront. This is the standard with most corporate card programs.

Individual liability

Employees must pay all charges on the card, and they get reimbursed when they file an expense report. The issuer will check employees' credit before giving them a card, but this check is a “soft pull,” meaning it doesn’t affect employees' credit scores.

Joint liability

The company and the employee are responsible for debt on the card. Employees are responsible for repaying personal or unauthorized spending on the corporate card but are not personally held liable for any expenses charged in compliance with company policies. However, if a long overdue balance gets reported to credit reporting bureaus, it may affect the employee’s credit.

Business vs. corporate credit cards: Which one is right for you?

As your small business grows, you may be thinking about changing from a small-business card to a corporate credit card.
Consider moving to a corporate credit card if:
  • Your company is incorporated.
  • Your annual revenue tops several million dollars.
  • You’ve authorized multiple employees to make business-related purchases.
  • You have a significant volume of financial transactions.
If you do not meet these thresholds, sticking with a business credit card may be a better option for you.
Last updated on January 5, 2024

Methodology

NerdWallet's Credit Cards team selects the best credit cards for small business based on overall consumer value, as evidenced by star ratings, as well as their suitability for specific kinds of small-business operators. Factors in our evaluation include annual and other fees, rewards rates, the earning structure (for example, flat-rate rewards versus bonus categories), redemption options, bonus offers for new cardholders, introductory and ongoing APRs, and other noteworthy features such as special financing arrangements, free cards for employees or tools for managing business expenses. Learn more about how we rate business credit cards.
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