Best Business Cards with Rewards

Most business owners have a love-hate relationship with credit cards. Some view them as a necessary tool while others try to avoid using them at all costs. However, one thing that all business owners can agree on is that earning points is a huge perk. 

Here is our debrief on the Best Business Cards with Rewards.

Best Business Credit Cards w Points-Post Image

What are points? 

Points are also known as airline miles, travel rewards, cash back, etc. Different credit cards offer different types of rewards for spending. 

Evaluating what is important to you is a preliminary consideration. Do you love to travel? Cards with airline points are probably the way to go! Do you prefer to stay home and have local experiences? If so, consider cards that offer cash back rewards or ones that are redeemable for gift cards or online purchases.

How do I choose?

When deciding on the best business cards with rewards, there are a TON of options to choose from. It can be easy to fall into decision paralysis and just go with the card that your bank of choice is promoting. Here are some additional considerations to be mindful of while choosing the right card for YOU:

  1. What is the annual fee?
  2. What is the interest rate (APR) range?
  3. Can I issue a card to multiple users?
  4. Is the bank reputable? How is their customer service and online banking functionality?
  5. Does the credit card connect to my accounting system?
  6. Is there a sign-on bonus?
  7. What points and benefits does this card offer? Is it worth the annual fee?

Use the questions listed above to evaluate different card options. 

Resources we LOVE

The Points Guy is a great resource for small business card recommendations. They also have published an article on the best business cards with rewards. Two cards that we believe are stand-out options are:

1) Brex
No Annual Fee
eCommerce Branded Card offering Interest Free Financing and Net-60 Day Terms
Higher Credit Limits Based Upon Sales History

2) Chase Ink Business Preferred
Relatively Low Annual Fee of $95
Sign on Bonus of up to 80,000 points after spending $5,000 in the first 3 months
(worth about $1,700 in travel)

The Bottom Line

With so many credit cards out there claiming to be the best, choosing a card may require some additional research. Picking the best business cards with rewards is ultimately your decision based upon what you’re looking for. 

Many of the rewards out there today seem too good to be true! Keep in mind that credit cards often charge anywhere from 12% to 25% interest. This interest is charged if the statement is not paid off in full. 

That being said, these rewards are meant to entice those who will eventually pay interest. The WIN-WIN situation is when you use your credit card as a tool to earn rewards and never pay interest. 

If you’d like to pay down debt or need more help navigating the credit card industry, the FINANCE + PROFIT PROS at The Bottom Line CPA can help.