My Top 3 Business Credit Cards Reviewed

Disclaimer: This review is based on information available at the time of writing, and my own personal experiences. This does not constitute financial advice. Please refer to the card issuer's website for the most current terms and conditions.

Choosing the right business credit card can feel like searching for a needle in a haystack. With countless options promising rewards, perks, and benefits, it’s easy to get overwhelmed. 

Fear not, friend! I've been in these credit streets for over a decade, and I've learned a thing or two about vetting credit card offers.

I’ve curated a list of my three top business credit cards to help you make an informed decision and optimize your business finances. 🤑

Understanding Your Needs

Before diving into the options, it's important to first assess your business's specific requirements. In other words, don't apply for any credit card. Approach this with a strategy. Consider factors such as:

1. Spending habits: Do you primarily use your card for travel, purchases, or cash flow management?
2. Rewards preference: Are you interested in cash back, travel points, or a combination?
3. Annual fee tolerance: Can your business justify a higher annual fee for premium benefits?
4. Creditworthiness: Your personal and business's credit history will influence card eligibility heavily.

With a clear understanding of your needs, let's explore three options:

1. The Chase Ink Business Preferred® Credit Card

The Chase Ink Business Preferred® Credit Card has earned its position as a top contender in the business credit card market (and in my wallet). Its combination of generous rewards, valuable perks, and a manageable annual fee make it an attractive option for many small business owners.

Why it's worth adding to your "money team"

• Impressive Rewards: The card shines with its ability to earn 3x Ultimate Rewards points on a wide range of business expenses, including travel, shipping, and dining. This makes it a versatile card for businesses with diverse spending habits.
• Transferable Points: The ability to transfer Ultimate Rewards points to Chase's extensive airline and hotel partners provides exceptional flexibility for redeeming rewards.
• Cell Phone Protection: A standout feature is the cellphone protection, which covers damages or theft, offering peace of mind for business owners reliant on their mobile devices.
• Competitive Annual Fee: At $95, the annual fee is reasonable compared to other premium business cards, making it accessible to a wider range of businesses.
• Robust Travel Protections: The card includes standard travel protections like purchase protection, trip cancellation insurance, and rental car collision insurance.

Areas for Improvement

• Limited Bonus Categories: While the 3x points on travel, shipping, and dining are valuable, the card lacks the extensive bonus categories offered by some competitors.
• No Travel Credits or Lounge Access: Unlike some premium business cards, the Ink Business Preferred doesn't offer travel credits or airport lounge access.

Who Should Consider This Card?

The Chase Ink Business Preferred is an excellent choice for small business owners who prioritize travel rewards, value flexibility in redemption options, and appreciate the added protection of cellphone insurance. If your business spends heavily in the card's bonus categories and you can maximize the sign-up bonus, this card can provide substantial value.

Overall, the Chase Ink Business Preferred® Credit Card is a solid choice for many businesses, offering a balance of rewards, benefits, and affordability.

2. The Ink Business Unlimited® Credit Card

The Chase Ink Business Unlimited is a straightforward business credit card designed for simplicity and consistent rewards. If you're looking for a no-annual-fee option with a straightforward rewards structure, this card could be a good fit.

Why it's worth adding to your "money team"

• No annual fee: A significant advantage for businesses looking to minimize costs.
• Flat-rate cash back: Earn 1.5% cash back on all purchases, with no categories to track.
• Ultimate Rewards: While you can't transfer points to travel partners like with other Chase cards, you can redeem them for cash back, gift cards, or travel through Chase Ultimate Rewards.
• Intro APR: Offers a 0% intro APR on purchases for the first 12 months, which can be helpful for managing larger business expenses.

Areas for Improvement

• Lower cash back rates: Compared to cards with bonus categories, you might earn less cash back on specific purchases.
• Limited redemption options: While you can redeem Ultimate Rewards points for cash back, travel, and gift cards, you can't transfer them to travel partners for potentially better value.

Who Should Consider This Card?

The Ink Business Unlimited is an excellent choice for small businesses that:

• Businesses with varied spending: If your business expenses are spread across various categories, the flat-rate cash back can be convenient.

• No-annual-fee preference: If you want to avoid annual fees but still want to earn rewards, this card is a good option.

• Simplicity: If you prefer a straightforward rewards structure without complex bonus categories, this card is a good fit.

Overall, the Chase Ink Business Unlimited is a solid choice for businesses seeking a no-annual-fee card with consistent rewards. While it may not offer the highest cash back rates or extensive redemption options, its simplicity and straightforwardness make it a good option for many businesses

3. American Express Amazon Business Credit Card

The American Express Amazon Business Credit Card is a compelling option for businesses that frequently make purchases on Amazon. With its unique combination of rewards, benefits, and flexibility, it can be a valuable tool for managing business expenses.

Why it's worth adding to your "money team"

• 5% back or 90-day interest-free period: This is the card's standout feature. You can choose between earning 5% back on Amazon-related purchases or enjoying a 90-day interest-free period.

• Elevated rewards on other purchases: Earn 2% back at restaurants, gas stations, and wireless telephone services, and 1% back on all other purchases.

• Amazon Business Prime integration: If you're an Amazon Business Prime member, this card offers additional perks and benefits.

• Enhanced data views: Access detailed purchase information to simplify expense management.

Areas for Improvement

• Limited bonus categories: While the 5% back on Amazon purchases is excellent, the rewards for other categories are relatively low/standard.

• Annual fee: Some businesses may find the annual fee to be a turn-off, especially if they don't spend enough on Amazon to offset the cost.

Who Should Consider This Card?

The Amex Amazon Business Credit Card is an excellent choice for small businesses that:

• Businesses that frequently use Amazon: If your business relies heavily on Amazon for supplies, equipment, or other purchases, this card can offer significant savings through the 5% back option.

• Businesses needing short-term financing: The 90-day interest-free period can be beneficial for managing large, unexpected expenses.

• Amazon Business Prime members: This card offers additional perks and benefits for Prime members.

Overall, The American Express Amazon Business Credit Card is a strong choice for businesses that make regular Amazon purchases. Its flexibility in choosing between rewards and financing options, combined with additional perks and benefits, makes it a valuable tool for managing business expenses. However, businesses that prioritize rewards on a wider range of purchases or have limited Amazon spending may want to consider other options.

Choosing the right business credit card is important for maximizing rewards and managing business expenses effectively. Ultimately, the best card depends on your business's specific needs and spending habits. Consider factors like rewards structure, annual fees, and additional perks when making your decision and approaching your strategy. 

Remember: A well-chosen business credit card can significantly impact your bottom line.

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