Getting a business credit card for your company will simplify expense tracking and may help build your business credit score. But it’s also nice to get a little something for signing on the dotted line.
Here are three business credit cards that offer a sign-up bonus worth $250 or more, plus some Nerd commentary about which one is best for you:
Best for cash back: Capital One® Spark® Cash for BusinessCapital One® Spark® Cash for Business is a good option, because you’ll earn an unlimited 2% cash back on every dollar you spend.
You won’t have to worry about bonus rewards categories or bumping up against a spending cap, and redeeming is hassle-free. For many small business owners, having one less thing to manage will come as a relief.
In terms of a sign-up bonus, the Capital One® Spark® Cash for Business comes with a solid offer: A one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening. Also, it charges no foreign transaction fees, and the annual fee is $0 for the first year, then $95. This is a great card for time-strapped executives to consider.
Best if you’re living out of a suitcase: Starwood Preferred Guest® Business Credit Card from American Express
In addition to cashing in your Starpoints for hotel stays, you’ll also be able to redeem them for free flights on over 150 airlines with SPG Flights. This provides a lot of flexibility.
Nerd note: The Starwood Preferred Guest® Business Credit Card from American Express charges no foreign transaction fees. Even though American Express may not be widely accepted abroad, this feature makes it worth keeping in your wallet on international trips.
You’ll get a sign-up bonus: Earn 25,000 bonus Starpoints® after you use your new Card to make $5,000 in purchases within the first 3 months. Terms Apply.
The annual fee is $0 for the first year, then $95. But again, the Nerds think this is a small price to pay for a card that offers the chance to easily rack up enough points to take a free vacation from time to time. You deserve it!
Best for big spenders: The Business Platinum® Card from American Express OPEN
In terms of rewards, you’ll earn 1 Membership Rewards point for every dollar you spend and 5 Membership Rewards points on flights and prepaid hotels booked directly through American Express. Individual purchases of $5,000 or more earn 1.5 points per dollar. You’ll also get a full suite of travel benefits to make your time spent on the road a little more convenient and luxurious. These include:
- Airport lounge access
- 24/7 concierge service
- Automatic gold status in the Starwood Preferred Guest and Hilton HHonors programs
- Annual $200 air travel credit, to be used to offset the cost of incidental, flight-related expenses
- Reimbursement for Global Entry or TSA PreCheck application fees
- No foreign transaction fees
The Business Platinum® Card from American Express OPEN comes with a big sign-up bonus: Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership. Terms Apply. But all these perks don’t come cheap. The annual fee is $450. However, the card is chock full of benefits that many business travelers value. If you think you’ll get good use out of them, we say go for it.
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