Are you a small business owner looking for the best credit cards to boost your finances in 2023? Look no further! In this comprehensive guide, we'll breakdown the top credit cards tailored for small business owners and entrepreneurs like you. With an array of rewards, cash back, and perks, these credit cards can help fuel your business growth while simplifying financial management. Stay tuned to explore the features and benefits of the best small business credit cards of 2023.
Best Credit Cards For Small Business Owners 2023 Table of Contents
Top 3 Credit Cards For Small Business Owners
1. Business Platinum Card® from American Express
The American Express Business Platinum Card is a top choice for small business owners seeking premium rewards and travel benefits.
- Welcome Offer: Earn 100,000 Membership Rewards® points after spending $15,000 on eligible purchases within the first three months of card membership.
- Rewards: 5x points on travel purchased through Amex Travel, 1.5x points on eligible purchases in key business categories and on purchases of $5,000 or more, and 1x points on all other purchases.
- Annual Fee: $695
- Notable Perks: Access to more than 1,200 airport lounges worldwide, up to $200 airline fee credit, up to $200 Dell Technologies statement credit, and 35% airline bonus when you use points for eligible flights.
2. Ink Business Preferred® Credit Card from Chase
The Chase Ink Business Preferred Credit Card is an ideal card for small business owners seeking a well-rounded rewards card with a generous signup bonus.
- Signup Bonus: Earn 100,000 bonus points after spending $15,000 on purchases within the first three months of account opening.
- Rewards: 3x points on the first $150,000 spent in combined purchases on travel, shipping services, advertising, and internet/phone/cable services, and 1x points on all other purchases.
- Annual Fee: $95
- Notable Perks: Points are worth 25% more when redeemed for travel through Chase Ultimate Rewards®, cell phone protection, and employee cards at no additional cost.
3. Blue Business® Plus Credit Card from American Express
The Blue Business Plus Credit Card from American Express offers small business owners a simple and rewarding option with no annual fee.
- Welcome Offer: None at the moment.
- Rewards: 2x Membership Rewards® points on everyday business purchases up to $50,000 per year, and 1x points on purchases after that.
- Annual Fee: $0
- Notable Perks: 0% introductory APR on purchases for 12 months, expanded buying power, and tools to help manage cash flow.
Best Credit Cards For Small Business Owners 2023 Example:
Imagine you're a small business owner who spends heavily on travel and advertising. The Ink Business Preferred® Credit Card from Chase might be the ideal choice for you, with its attractive rewards structure, earning you 3x points on these categories.
Suppose you spend $30,000 in the first three months, managing to receive the 100,000-bonus point signup. After, your monthly expenses include $3,000 on advertising, $2,000 on travel, and $3,000 on other miscellaneous purchases. At the end of the year, you'll have earned 108,000 points (excluding signup bonus) from your credit card rewards. When redeemed through Chase Ultimate Rewards, these points are worth 25% more, totaling $1,350 in travel, a significant return on your spending.
Now that you've gained insights into the best credit cards for small business owners in 2023, it's time to choose the one that best suits your business needs and financial goals. Whether your priority is to maximize rewards, save on travel, or have a simple, no-fuss option, there's a credit card tailored to your entrepreneurial journey. Don't miss out on these opportunities to boost your finances and make your small business dreams come true. Share this guide with fellow business owners and explore more Flik Eco content for expert advice on personal finance, investing, and more. Happy swiping!
