Are you a small business owner looking to make the most out of your everyday expenses? Cashback credit cards could be the answer to getting more value out of your spending. In this article, we will dive into the best cashback credit cards designed specifically for small businesses! Get ready to explore some fantastic options to help your business thrive while saving money.
Best Cashback Credit Cards For Small Business Table of Contents
Why Cashback Credit Cards?
When you're running a small business, every little bit of savings can make a big difference. Cashback credit cards offer a percentage of your spending back as a reward, which can add up to significant savings over time. Plus, many cashback credit cards come with additional perks, such as introductory bonus offers, low interest rates, and various tools for managing business expenses.
Top Cashback Credit Cards for Small Businesses
With so many options out there, it can be challenging to determine which cashback credit cards are best for your small business. To help you make an informed decision, we've compiled a list of some of the top contenders:
1. American Express Blue Business Cash™ Card
- 2% cashback on all eligible purchases, up to $50,000 per calendar year
- 1% cashback on all other purchases
- No annual fee
- 0% introductory APR for 12 months on purchases
2. Capital One Spark Cash Select for Business
- 1.5% cashback on all purchases, with no limit
- No annual fee
- 0% introductory APR for 9 months on purchases
- $200 cash bonus after spending $3,000 in the first three months
3. Chase Ink Business Cash℠ Credit Card
- 5% cashback on office supply stores and internet, cable, and phone services, up to $25,000 in combined purchases annually
- 2% cashback on gas stations and restaurants, up to $25,000 in combined purchases annually
- 1% cashback on all other purchases
- No annual fee
- $750 cash bonus after spending $7,500 in the first three months
4. Bank of America® Business Advantage Cash Rewards Mastercard®
- 3% cashback on your choice of one of six categories, including gas stations, office supply stores, travel, TV, and more, up to $50,000 in combined purchases annually
- 2% cashback on dining, up to $50,000 in combined purchases annually
- 1% cashback on all other purchases
- No annual fee
- $300 statement credit after spending $3,000 in the first 90 days
Best Cashback Credit Cards For Small Business Example:
Let's take an example to see how these cashback credit card rewards could translate into savings for your small business.
Imagine your business spends $2,000 per month on office supplies, $1,000 on gas, and $500 on dining. If you choose the Chase Ink Business Cash℠ Credit Card, you would earn 5% cashback on the office supplies ($100), 2% on gas stations and restaurants ($30), and 1% on any other spending. This adds up to a total of $130 cashback per month, or $1,560 per year! Combine that with the $750 cash bonus after meeting the initial spending requirement, and you're looking at significant savings for your small business.
Finding the right cashback credit card for your small business is essential for maximizing your savings. We hope our list of top cashback credit cards provides you with a starting point for making an informed decision on what card suits your business best.
At Flik Eco, we're passionate about helping millennials navigate the world of personal finance and investing. If you found our guide helpful, please share it with friends, colleagues, or anyone else who might benefit from it. Don't hesitate to explore our other articles for more tips and advice on managing your money and growing your small business.
