However, our selection of products is made independently of our relationship with advertisers. Cash back card use remains relatively flat; they comprise the majority of cards used in the marketplace (57 percent). Consistent with these changes, the last couple of years have also shown the rise of payment plans that some issuers are using to offer lower interest rates and extended payment timelines for large purchases. The term “rewards program” generally refers to a rewards program agreement—a contract often agreed to during the application process for a rewards card. This program document, sometimes called “offer details,” outlines how rewards are earned and redeemed and whether or not rewards expire, among other terms. Rewards credit cards can provide earnings in many forms, but two common types are cash-back cards and travel rewards cards.
Best rewards credit cards for flat-rate cash back
Every time you pay for supplies, fuel up the company car, or take a client out for lunch, you could be earning cash back. For small businesses with tight budgets, a cash back credit card is one of the simplest ways to reduce costs and stretch every dollar. Prioritize cards that offer the highest rewards in categories where you spend the most—such as groceries, dining or travel. Be sure to weigh the cost of a high annual fee against the cash-back tiers and additional perks to ensure you’re getting the best value for your money. Busy business owners will appreciate the simple flat-rate rewards program of the Ink Business Unlimited® Credit Card, which doesn’t require time to manage and optimize.
The Chase Freedom Unlimited® is a no-annual-fee card that earns generous cash-back on everyday purchases and a lucrative welcome bonus. If best cash back business credit cards of november 2021 your credit is less-than-ideal, consider business cards to help you build your credit. If you’re concerned about a low credit limit, a charge card like the Capital One Spark 1% Classic could be an option.
Sign-Up Bonus
Small business owners who regularly book flights on Alaska or Hawaiian Airlines. To view rates and fees of the Delta SkyMiles® Gold American Express Card, see this page. To view rates and fees of the Delta SkyMiles® Reserve American Express Card, see this page. Get expert advice, actionable strategies, and exclusive offers that help you save more and spend with confidence. Earning cash back on everyday expenses for your small business is made easy with the Amex Blue Business Cash. Some or all of the offers that appear on this page are from third party advertisers from which FinanceBuzz receives compensation.
Capital One Spark Cash Select
- Our experts have been helping you master your money for over four decades.
- This can include bonus rewards on shipping purchases, statement credits for business-related service providers or embedded technology to help with accounting.
- A credit card welcome bonus is an incentive offered to encourage new customers to sign up for a credit card and are most often a sizable stash of rewards.
- You can transfer Capital One miles to 15+ airline and hotel transfer partners, including Air Canada Aeroplan and Wyndham Rewards, and you’ll earn at least 2 miles per dollar spent on all purchases.
- The Ink Business Unlimited® Credit Card from Chase can be a great fit for new businesses, independent contractors, and small business owners who are looking to get the best bang for their buck on a business credit card.
It offers Capital One lounge access as well as access to Priority Pass™ lounges (after enrollment), all for a reasonable $395 annual fee. Most of that is offset by a $300 annual travel credit, and you’ll receive 10,000 bonus miles each year, which more than covers the rest. Another great perk the Autograph Journey features is an annual $50 statement credit triggered by an airline purchase of at least $50. This is on top of elevated earning rates in the certain travel categories and a solid welcome offer for new applicants. There’s also no foreign transaction fees on the Autograph Journey card making it a good first travel card as well as a decent supplemental card to add to your travel credit card roster. If you’re looking at travel credit cards, consider how flexible you want your rewards to be.
Our pick for flat-rate cash back and long balance transfer period: Citi Double Cash® Card
Our partners cannot pay us to guarantee favorable reviews of their products or services. The Citi Double Cash® Card is one of the best no-annual-fee cash-back cards thanks to its straightforward rewards structure. Motley Fool Money is a Motley Fool service that rates and reviews essential products for your everyday money matters. Be aware that if you draw a large sum from your small business card, your personal score will take a hit because the debt to credit limit utilization will change.
- Reflecting on these options will help business owners narrow their choices.
- You can earn a one-time cash bonus of $2,000 once you spend $30,000 in the first 3 months.
- Whether you’re looking to earn the most cash back or to pay for your next vacation with points and miles, we’ve got you covered.
- However, some specific reward redemptions may be worth 1.5 cents or more, and some may be worth less than 1 cent each.
- Start by looking at the airlines that serve your community, then focus on rewards and perks.
You’ll earn bonus cash back rewards on popular bonus categories, including U.S. supermarkets and U.S. gas stations. Read our full review of the Blue Cash Everyday Card from American Express. Some bad-credit rewards credit cards might also charge an annual fee or a high interest rate, which can impact the value you get from the rewards program. No one card will be “the best” for everyone, but certain cards will likely stand out based on your goals, spending habits, credit score and more.
Our pick for: Hotel credit card
The Capital One Spark 2% Cash Plus for Business makes it easy with a solid flat-rate reward for everything you buy. And unlike some other business rewards cards, there’s no cap to how much cash back you can earn, making this a solid option for companies with high monthly expenses. For small businesses that value simplicity, the Capital One Spark Cash Select for Excellent Credit offers unlimited 1.5% cash back on every purchase, making it a no-hassle option. There are no spending categories or limits to keep track of—just straightforward rewards on everything you buy. In this guide, we’ll walk through the top cash back business credit cards for 2024, helping you choose the right one to maximize your savings. Assuming you are eligible, the Navy Federal Credit Union business rewards credit card stands out in terms of reward flexibility—you can choose between gift cards, travel and cash back.
How to choose a cash back business card
Bank Business Triple Cash Rewards World Elite™ Mastercard® offers a solid 3% back on gas to give you something back for all those trips. And if you can cash in on the other bonus categories, which cover some basic business expenses, all the better. If you already bank with Bank of America, this card offers perks beyond its 1.5% cash back rate. By joining their Preferred Rewards program, you can boost your cash back rate and take advantage of other banking benefits. A more advanced strategy would be to pair a card of each type, thus earning elevated rates on a few highlighted categories but still earning above-average rates on all other purchases.
Flexible Travel Rewards
Check out our full list of the best cash back cards to see how today’s top offers compare and find the one that fits your wallet best. Now, if you’re like me and you just want a card that earns every time you swipe (I love not having to think), the Wells Fargo Active Cash® Card is an outstanding option. The overwhelming majority of applicants will need to sign a personal guarantee on the application. Typically, banks are unwilling to extend unsecured credit to small or new companies without a personal guarantee.
At least until your credit is in good shape, and you’ve established healthy credit card habits. Frequent travelers will likely value luxury perks like lounge access more than occasional travelers, who might not see such features as worth a high annual fee. Meanwhile, someone trying to pay off debt will be more focused on an intro APR offer. With most rewards cards, you can see your accumulated earnings on your monthly statement or through your online account portal, and you can decide when and how to redeem them. Credit card points vary in value based on the card issuer’s reward program and the type of redemption you choose. Cash back is straightforward since it’s expressed as a straight percentage.
This card is ideal for startups and growing companies that want to automate expense tracking and maximize efficiency without juggling reward programs. Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. We believe everyone should be able to make financial decisions with confidence. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Offers in this section are from affiliate partners and selected based on a combination of engagement, product relevance, compensation, and consistent availability. This one’s for anyone who’s willing to keep an eye on rotating categories in exchange for some of the highest cash back potential out there.
New cardholders can earn a fantastic welcome offer after being approved for the card, which can be a huge boost for companies that could use an influx of extra rewards on top of the everyday cash-back earnings. The Bank of America Customized Cash Rewards Business Card cash rewards are earned by cardholders when making purchases with this card by returning a percentage of the money spent. The accumulated cash back rewards can then be used in a variety of ways, such as paying your credit card bill, getting a check, or making a direct deposit to a Bank of America bank account. It gives 1 – 5% cash back on purchases, has an initial bonus of $350 for spending $3,000 in the first 3 months and an additional $400 after spending $6,000 in the first 6 months and has a $0 annual fee.
