Choosing the right business credit card can be a game-changer for your business. The right card can help you earn rewards, manage expenses, and provide valuable perks that can save you money and time. This blog will cover the best business credit cards of June 2024, highlighting their rewards, annual fees, and benefits. Whether you’re looking for travel perks, cashback, or flexible earnings, there’s a card that suits your needs.
Best Card for Travel Perks: The Business Platinum Card® from American Express
The Business Platinum Card® from American Express is known for its exceptional travel benefits. This card is perfect for business owners who travel frequently and want to enjoy luxury perks along the way.
Welcome Offer
- Earn 150,000 Membership Rewards® points after you spend $20,000 on eligible purchases with your Card within the first 3 months of Card Membership.
Rewards
- 5x Membership Rewards® points on flights and prepaid hotels on AmexTravel.com, and 1x points for each dollar you spend on eligible purchases.
- Earn 1.5x points (that’s an extra half point per dollar) on each eligible purchase at U.S. construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
Annual Fee
- $695 per year.
Benefits
- Unlock over $1,000 in statement credits on select purchases, including tech, recruiting, and wireless, in the first year of membership with the Business Platinum Card®. Enrollment required. See how you can unlock over $1,000 annually in credits on select purchases with the Business Platinum Card® here.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to the Card.
- $189 CLEAR® Plus Credit: Use your card and get up to $189 in statement credits per calendar year on your CLEAR® Plus Membership (subject to auto-renewal) when you use the Business Platinum Card®.
- The American Express Global Lounge Collection® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market as of 03/2023.
*Terms Apply
Best Card for Flexible Earnings: American Express® Business Gold Card
The American Express® Business Gold Card is designed for business owners who want flexibility in earning rewards. It automatically adapts to reward you more in the categories you spend the most.
Welcome Offer
- Earn 70,000 Rewards points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.
Rewards
- Earn 4x Membership Rewards® points on the 2 categories where your business spends the most each billing cycle from 6 eligible categories. While your top 2 categories may change, you will earn 4X points on the first $150,000 in combined purchases from these categories each calendar year (then 1x thereafter). Only the top 2 categories in each billing cycle will count towards the $150,000 cap.
- Earn 3x Membership Rewards® points on flights and prepaid hotels booked on amextravel.com using your Business Gold Card.
- Earn 1x point on other purchases.
Annual Fee
- $295 per year.
Benefits
- Earn up to $20 in statement credits monthly after you use the Business Gold Card for eligible U.S. purchases at FedEx, Grubhub, and Office Supply Stores. This can be an annual savings of up to $240. Enrollment required.
- Get up to a $12.95** statement credit back each month after you pay for a monthly Walmart+ membership (subject to auto-renewal) with your Business Gold Card. **Up to $12.95 plus applicable taxes on one membership fee.
- Your Card – Your Choice. Choose from Gold or Rose Gold.
- No Foreign Transaction Fees: Enjoy savings on international purchases.
*Terms Apply
Best Card for Freelancers or Office Supplies: Chase Ink Business Unlimited® Credit Card
The Chase Ink Business Unlimited® Credit Card is a business credit card that offers a flat-rate cashback on all purchases. This means you earn the same cashback rate no matter what you buy, making it a simple and effective way to earn rewards. It’s part of Chase’s Ink Business credit card lineup, known for providing excellent value to small business owners.
- Rewards: Earn $750 bonus cashback after you spend $6,000 on purchases in the first 3 months after opening your account. This bonus can provide a great start to your cashback-earning journey and help you save on future expenses. One of the main attractions of the Chase Ink Business Unlimited® Credit Card is its simple rewards structure. You earn 1.5% cashback on every purchase, with no categories or spending limits to worry about. This makes understanding and maximizing your rewards easy, no matter what you’re buying.
- Annual Fee: There is no yearly fee.
- Perks: Cashback earned with the Chase Ink Business Unlimited® Credit Card can be redeemed in various ways, giving you flexibility in using your rewards. Options include:
- Statement Credits: Use your cashback to offset your credit card balance.
- Direct Deposits: Transfer your cashback directly to your business bank account.
- Gift Cards: Choose from various gift cards from popular retailers and restaurants.
- Travel: Redeem your cashback for travel expenses through the Chase Ultimate Rewards® portal.
The Chase Ink Business Unlimited® Credit Card offers valuable purchase protection and extended warranty benefits:
- Purchase Protection: This policy covers your new purchases for 120 days against damage or theft, up to $10,000 per claim and $50,000 per account.
- Extended Warranty: Extends the U.S. manufacturer’s warranty period by an additional year on eligible warranties of three years or less.
Conclusion
Choosing the best business credit card depends on your needs and spending habits. The Business Platinum Card® from American Express offers unparalleled travel perks if you travel frequently. At the same time, the American Express Business Gold Card offers flexible earnings based on your spending categories, and freelancers and those buying many office supplies will benefit from the Chase Ink Business Unlimited® Credit Card.
Evaluate your business needs and spending patterns to select the card that will provide the most value. With the right business credit card, you can earn rewards, manage expenses more effectively, and enjoy valuable benefits that support your business growth.
