Since I started my small business in 2007, I’ve used a business credit card for several reasons. First, it helps keep business expenses separate from personal expenses. Second, it helps my company build credit should I ever need to apply for a loan. And third, it makes preparing my tax returns at the end of the year much easier.
Picking a card that is best for you business can be a challenge. There are a number of business credit cards to choose from, all with different benefits, rewards and fees. One key to making the right choice is to understand how you’ll use your card. If you know the types of expenses (e.g., office supplies, gas, travel) you’ll charge to the card, choosing the right card will be a snap.
With that, here is my personal list of the best small business credit cards.
Best Business Cards for Travel
If you and your employees spend a lot of time on the road, there are several cards that offer some great benefits. The top cards allow you to earn the equivalent of 2% of your purchases for future travel. They also offer 0% APR introductory rates and reasonable annual fees. Here are the top travel rewards business credit cards:CitiBusiness® / AAdvantage® World MasterCard®
Best Cash Back Business Cards
Sometimes all you want is the most cash rewards you can get. Whether it’s a cash bonus on sign-up, cash back on purchases, or both, you want a card that will ‘show you the money.’ If so, the following cards will fit the bill.CitiBusiness ThankYou® Card
Finally, here is a popular prepaid debit card offer designed specifically for businesses.PEX Visa® Prepaid Card For Business
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