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Small Business Credit Cards With Big Sign-up Bonuses

Feb. 25, 2015
Business Credit Cards, Credit Cards, Small Business
credit cards business supplies
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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 welcome 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 Business

If simplicity is the name of your game, a card that earns a solid cash-back rate is probably best. The Capital 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. Earn up to $2,000: Earn a $500 cash bonus when you spend $5,000 in the first 3 months and $1,500 when you spend $50,000 in the first 6 months of opening your account. Limited Time Offer. 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

If business travel keeps you away from home, consider using the Starwood Preferred Guest® Business Credit Card from American Express to make all of those hotel stays count. With it, you’ll earn 6 points for every dollar you spend at Starwood properties worldwide (in addition to the points you’ll get for being a Starwood Preferred Guest member); 4 points at U.S. restaurants, U.S. gas stations, wireless telephone services purchased directly from U.S. service providers, and on U.S. purchases for shipping; and 2 points for every dollar you spend elsewhere.

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 welcome bonus: Earn 75,000 bonus points after you use your new Card to make $3,000 in purchases within the first 3 months of Card Membership. 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

If the preset spending limit on your current business credit card is getting you down, you might want to consider a charge card like The Business Platinum® Card from American Express, instead. You’ll be able to handle big purchases a little more easily than you would with a conventional credit card, which many business owners find convenient. But just be sure you’re able to pay it off in full each month.

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 comes with a big welcome 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.

Lindsay Konsko is a staff writer covering credit cards and consumer credit for NerdWallet. Follow her on Twitter @lkonsko and on Google+.

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