Are you a business owner or entrepreneur looking for the perfect credit card to help manage your business expenses and boost your financial success? Look no further! In this article, we'll be discussing the best credit cards for business in 2023. With so many options available, it's essential to find a card that aligns with your needs and offers valuable rewards and benefits. Let's dive into our top picks and help you make an informed decision for your business.
Best Credit Cards For Business 2023 Table of Contents
1. American Express® Business Platinum Card
The American Express® Business Platinum Card is a top-of-the-line option for business owners who value travel benefits and premium perks. This card offers:
- 5x Membership Rewards points on flights and prepaid hotels booked through Amex Travel
- 1.5x points on purchases of $5,000 or more (up to 1 million additional points per year)
- 1x points on all other purchases
- Access to over 1,200 airport lounges worldwide
- $200 annual airline fee credit
- Global Entry or TSA PreCheck fee credit
- Various statement credits for business services like Dell, Adobe, and Microsoft
- Complimentary premium Wi-Fi at participating hotspots
Although this card comes with a hefty annual fee of $695, the extensive travel benefits and flexible rewards program make it an excellent option for businesses with frequent travel expenses.
2. Chase Ink Business Preferred® Credit Card
The Chase Ink Business Preferred® Credit Card is an excellent choice for businesses seeking versatile rewards and a sizable signup bonus. This card offers:
- 3x points on travel, shipping, internet, cable, phone services, and advertising with social media sites and search engines (up to $150,000 in combined purchases annually)
- 1x points on all other purchases
- 100,000-point signup bonus after spending $15,000 within the first three months
- Points are worth 25% more when redeemed for travel through Chase Ultimate Rewards
- Cell phone protection for primary lines when you pay your bill with the card
- No foreign transaction fees
With a manageable annual fee of $95, the Chase Ink Business Preferred® Credit Card provides substantial value through its rewards program and hefty signup bonus.
3. Capital One® Spark® Cash for Business
For businesses seeking straightforward cashback rewards, the Capital One® Spark® Cash for Business is an ideal option. This card offers:
- 2% cashback on all purchases, with no categories to track or spending limits
- $500 cash bonus after spending $4,500 within the first three months
- Free employee cards with customizable spending limits
- No foreign transaction fees
With a reasonable annual fee of $95 (waived for the first year), the Capital One® Spark® Cash for Business provides simplicity and value for businesses focused on cashback rewards.
Best Credit Cards For Business 2023 Example:
Imagine you run a small marketing agency, and your team frequently travels for client meetings and conferences. In this scenario, the American Express® Business Platinum Card provides excellent value with its generous travel rewards and extensive lounge access. The 5x points on flights and prepaid hotels can quickly accumulate, leading to significant cost reductions when redeemed for future business travel. Plus, the access to airport lounges allows your team to work efficiently and comfortably during layovers.
Now that you're familiar with our top picks for the best credit cards for business in 2023, it's time to evaluate your specific needs and choose the card that will best serve your business. Whether you prioritize travel rewards, versatile points, or cashback, there is a credit card out there that aligns with your goals. Don't forget to share this article with fellow entrepreneurs and business owners, and be sure to explore other guides on Flik Eco for even more valuable personal finance and investing tips.
