Best Cash Back Credit Cards For Business

As a small business owner or an ambitious entrepreneur, you're always on the lookout for ways to maximize your profits and save some extra dollars. One such avenue is using cash back credit cards that reward you for your everyday business expenses. But with so many options on the market, how do you choose the right one? In this article, we'll walk you through the best cash back credit cards for businesses, so you can find the perfect fit to benefit your company's bottom line.

1. American Express Blue Business Cash™ Card

The American Express Blue Business Cash™ Card offers a simple cash back structure that allows you to earn rewards without putting much thought into which categories you spend the most on. When using this card, you'll benefit from:

• 2% cash back on all eligible purchases, up to $50,000 per calendar year
• 1% cash back on all purchases after reaching the $50,000 cap
• No annual fee
• Introductory 0% APR on purchases for 12 months (then a variable rate)

2. Capital One® Spark® Cash for Business

Capital One® Spark® Cash for Business is a popular choice for businesses that would like unlimited cash back potential and have a significant amount of expenses. The highlights for this card include:

• 2% cash back on all purchases with no cap
• $500 cash bonus after spending $4,500 in the first three months
• $95 annual fee (waived for the first year)
• Free employee cards with customizable spending limits

3. Chase Ink Business Cash℠ Credit Card

If your business spends heavily in specific categories, the Chase Ink Business Cash℠ Credit Card might be a great fit. This card offers higher reward rates for common expense types. Key benefits include:

• 5% cash back on the first $25,000 spent annually on office supplies and internet, cable, and phone services
• 2% cash back on the first $25,000 spent annually at gas stations and restaurants
• 1% cash back on all other purchases with no limit
• $300 cash bonus after spending $3,000 in the first three months
• No annual fee

Best Cash Back Credit Cards For Business Example:

Imagine you own a design agency with five employees, and your expenses are primarily office supplies, internet and phone services, and dining out for business meetings. Your annual spending on these expenses is $40,000 in the 5% cash back category, $15,000 in the 2% cash back category, and $25,000 in the 1% cash back category.

Using the Chase Ink Business Cash℠ Credit Card, you would earn:

• $2,000 in cash back for the 5% category ($40,000 x 0.05)
• $300 in cash back for the 2% category ($15,000 x 0.02)
• $250 in cash back for the 1% category ($25,000 x 0.01)

In total, you would earn $2,550 in cash back rewards over the year, not including the $300 sign-up bonus. These rewards can be reinvested into your business, helping you save money and grow your company.

Choosing the right cash back credit card can provide significant savings for your business, allowing you to invest more in your company's growth. Now that you're familiar with some of the best cash back credit cards for businesses, it's time to carefully evaluate your spending patterns and select the one that best matches your business needs. Don't forget to share this article with your fellow entrepreneurs, and explore other finance and investing guides on Flik Eco to help you make the most of your money.