As a millennial entrepreneur, it's essential to find ways to maximize your business's financial potential. One of the best ways to do that is through the use of business cash back credit cards. These powerful financial tools can help you save money on everyday purchases and significantly reduce your business expenses. In this comprehensive Flik Eco guide, we will break down the best credit cards for business cash back in 2021, so you can make an informed decision and choose the perfect card for your business needs. Feel the high-energy rush of saving your hard-earned cash!
Best Credit Cards For Business Cash Back Table of Contents
1. American Express Blue Business Cash Card
2. Chase Ink Business Cash Credit Card
3. Capital One Spark Cash for Business
4. Bank of America Business Advantage Cash Rewards Mastercard
1. American Express Blue Business Cash Card
- Earn Rate: Earn 2% cash back on the first $50,000 in eligible purchases per calendar year, and 1% cash back on all purchases after that.
- Introductory Offer: No annual fee and 0% introductory APR on purchases for the first 12 months.
- Additional Benefits: Expand your buying power with the option to spend above your credit limit. You'll also gain access to valuable business tools like the American Express Business App.
2. Chase Ink Business Cash Credit Card
- Earn Rate: Earn 5% cash back on office supply store purchases and on internet, cable, and phone services (up to $25,000 per year). Get 2% cash back on gas stations and restaurants (up to $25,000 per year), and 1% cash back on all other purchases with no limit.
- Introductory Offer: $750 cash back after spending $7,500 within the first three months. Additionally, a 0% introductory APR on purchases for the first 12 months.
- Additional Benefits: Employee cards at no additional cost, built-in fraud protection, and purchase protection.
3. Capital One Spark Cash for Business
- Earn Rate: Unlimited 2% cash back on all purchases.
- Introductory Offer: $500 cash bonus once you spend $4,500 on purchases within the first three months.
- Annual Fee: $95, waived for the first year.
- Additional Benefits: Free employee cards, customized spending limits, and no foreign transaction fees.
4. Bank of America Business Advantage Cash Rewards Mastercard
- Earn Rate: Earn 3% cash back on your choice of one of the following categories: gas stations, office supply stores, travel, television/telecom services, or computer services. Get 2% cash back on dining (up to $50,000 per year combined) and 1% cash back on all other purchases.
- Introductory Offer: $300 statement credit after spending $3,000 within the first three months.
- Annual Fee: No annual fee.
- Additional Benefits: 0% introductory APR on purchases for the first nine months and free employee cards.
Best Credit Cards For Business Cash Back Example:
Imagine you're the owner of a small digital marketing agency, and you need to decide which business cash back credit card is best for your company. Your main expenses include office supplies, advertising services, and internet services.
You decide to go with the Chase Ink Business Cash Credit Card because of the high 5% cash back on office supply store purchases and on internet, cable, and phone services. Your business spends approximately $20,000 per year on these categories, resulting in $1,000 in cash back.
In addition to the cash back rewards, you enjoy the other benefits of the card, such as employee cards at no additional cost, built-in fraud protection, and purchase protection. It turns out to be the perfect choice for your business needs.
Choosing the best credit card for business cash back is a crucial decision that can significantly impact your company's finances. By evaluating the options listed in this Flik Eco guide, you can confidently select a card that suits your business needs and helps you save money and reduce expenses in the process. Feel the triumph!
If you found this guide helpful, share it with fellow millennial entrepreneurs looking for their perfect cash back card. And don't forget to explore more Flik Eco tips on credit cards, banking, investing, and more. Your financial success is worth sharing!
