As a small business owner, you're always on the lookout for ways to save money and maximize your profits. One effective way to achieve this is by utilizing the best credit cards for small business cash back. With the right card, you can earn valuable cash back rewards on your everyday business expenses, making it an essential tool in your financial arsenal. In this guide, we'll walk you through the top credit cards for small business cash back, breaking down their benefits and features to help you make an informed decision. So, let's dive in and start saving on those business expenses!
Best Credit Cards For Small Business Cash Back Table of Contents
The Top Small Business Cash Back Credit Cards
To help you find the perfect cash back card for your business, we've evaluated some of the top options available. Here's a look at the best credit cards for small business cash back, ranked by their rewards and perks:
1. American Express Blue Business Cash Card
- No annual fee
- 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% cash back thereafter
- 0% introductory APR on purchases for 12 months
2. Chase Ink Business Cash Credit Card
- No annual fee
- 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
- 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
- 1% cash back on all other purchases
- $750 bonus cash back after spending $7,500 on purchases within the first 3 months of account opening
3. Capital One Spark Cash for Business
- $95 annual fee, waived for the first year
- 2% unlimited cash back on every purchase
- $500 bonus cash back after spending $4,500 on purchases within the first 3 months of account opening
- Free employee cards
4. Bank of America Business Advantage Cash Rewards Mastercard
- No annual fee
- 3% cash back on your choice of one of six categories (up to $50,000 in combined spending per calendar year)
- 2% cash back on dining (up to $50,000 in combined spending per calendar year)
- 1% cash back on all other purchases
- $300 statement credit after spending $3,000 on purchases within the first 90 days
Best Credit Cards For Small Business Cash Back Example:
Imagine you run a small marketing agency and spend most of your budget on office supplies, internet services, and dining. In this case, the Chase Ink Business Cash Credit Card would be a great option to maximize cash back rewards. Here's a breakdown of potential cash back earnings:
- Total annual spending: $30,000
- Office supplies and internet services: $15,000 (5% cash back = $750)
- Dining: $5,000 (2% cash back = $100)
- Other purchases: $10,000 (1% cash back = $100)
By utilizing the Chase Ink Business Cash Credit Card, you'd earn an impressive $950 in cash back rewards for the year, not including the $750 bonus cash back you'd receive after meeting the spending requirement within the first 3 months.
Choosing the best credit card for small business cash back is a smart move to boost your financial success. By understanding your business spending patterns and aligning your expenses with the right card, you can make your money work harder for you. Now that you've explored some of the top cash back credit cards available, it's time to make a choice and start earning those valuable rewards. And if you found this article helpful, please consider sharing it with fellow small business owners and exploring other guides on Flik Eco for more valuable financial insights.
