Best Business Credit Cards For Restaurant Owners

Are you a restaurant owner on the hunt for the perfect business credit card? Look no further! Flik Eco is here to help you find the best credit card that will not only fulfill your financing needs but also reward your business journey. Through our detailed content, realistic examples, and engaging outro, we'll break down the complex world of credit cards into digestible, bite-sized pieces that even a foodie could savor. So tie on your apron, fire up the grill, and get ready to feast on the best business credit cards for restaurant owners.

What to look for in a business credit card for restaurant owners?

When selecting the perfect business credit card for your restaurant, there are several essential factors to consider:

Flexible Rewards Programs

As a restaurant owner, you need a card that understands your unique business expenses and caters to them with generous rewards. Look for cards that offer bonus points for dining purchases, since your business focuses on dining and food costs.

Low or No Annual Fees

Running a restaurant can come with plenty of overhead expenses. Choosing a card with low or no annual fees can help keep your costs down.

Cash Flow Management Tools

Make sure your credit card comes with cash flow management tools to help you track your profits and losses and make informed decisions about expenses.

Introductory Offers

Some cards offer introductory bonuses, like 0% interest during the first few months or a cashback bonus after spending a certain amount. These offers can provide tremendous value when properly utilized.

Top 4 Business Credit Cards For Restaurant Owners

Now that you know what to look for, let's dive into the top business credit cards for restaurant owners:

American Express® Business Gold Card

• 4X Membership Rewards® points on two categories where your business spends the most each billing cycle, up to $150,000 per year, including U.S. restaurant purchases.
• 2X membership rewards points on dining, with no-cap on rewards earned.
• $295 annual fee
• Flexible payment option

Chase Ink Business Cash® Card

• 5% cash back at office supply stores and on internet, cable, and phone services (up to $25,000 in combined purchases per year).
• 2% cash back at gas stations and restaurants (up to $25,000 in combined purchases per year).
• No annual fee
• 0% introductory APR for 12 months on purchases.

Capital One® Spark® Cash for Business

• 2% cash back on all purchases, with no limit on the amount you can earn.
• $95 annual fee, waived for the first year
• $500 cash bonus after spending $4,500 on purchases within 3 months from account opening.

Bank of America® Business Advantage Cash Rewards Mastercard® credit card

• 3% cash back in the category of your choice, including dining (out of 6 categories).
• 2% cash back at grocery stores and wholesale clubs, up to $50,000 in combined purchases per year.
• No annual fee
• 0% introductory APR for 9 months on purchases.

Best Business Credit Cards For Restaurant Owners Example:

Let's say you're the owner of a hip downtown bistro with an annual dining expense of $100,000. If you were to use the American Express® Business Gold Card, you could earn up to 400,000 Membership Rewards points in a year (4x points on dining). That's a significant reward just for using a card tailored to your business expenses. With various redemption options, including hotel stays and flights, this card could provide your business with opportunities for growth or well-deserved breaks.

Now that you know your business credit card entrées, it's time to choose the one that best suits your restaurant's palate. By selecting the right card, you'll transform your everyday business expenses into delicious rewards that help nurture and grow your restaurant. If you found this article valuable, don't forget to share it with your fellow restaurant owners and explore other insightful articles and guides on Flik Eco. Bon appétit!