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Small Business Credit Cards With Big Sign-up Bonuses

Business Credit Cards, Credit Cards, Small Business
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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 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 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: 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

Changes are coming

Marriott International announced it would combine its loyalty programs (including the Starwood program) into one in August 2018. Terms on the Starwood Preferred Guest® Business Credit Card from American Express will change. Benefits described in this article will be in effect through July 31, 2018.

Changes taking effect Aug. 1, 2018:
SPG will convert every Starpoint in a loyalty member account to three points. The value of a point will be about 1 cent on average instead of the current 2.3 cents on average, according to NerdWallet valuations. You’ll also earn more points per dollar spent on this card:

– 6 points for every dollar of eligible purchases on the card at participating SPG and Marriott Rewards hotels
– 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
– 2 points for all other eligible purchases

For more details, read NerdWallet’s article.

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 2 Starpoints for every dollar you spend at Starwood properties worldwide (in addition to the 2-3 you’ll get for being a Starwood Preferred Guest member) and 1 Starpoint for every dollar you spend elsewhere. Since each Starpoint is worth 2.3 cents apiece when redeemed for hotel rooms, you could be on your way to your next free night fast.

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 a $100 statement credit after you make $1,000 in purchases on the Card within your 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 OPEN

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 OPEN, 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 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.

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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