Best Business Credit Cards 2020. How to get a business credit card? Business credit cards are useful tools for managing cashflow and can even turn dreaded expenses into rewards. Compare a range of business credit cards with Mozo to find a competitive interest rate and the right range of features for your business.
Your business needs aren’t exactly the same as the next business, which is why it pays to compare different types of business credit cards to find a card suited for your needs. Mozo can help you to search and compare business credit cards on features that matter most to you whether that’s a low interest rate, rewards or platinum benefits.
Best Business Credit Card For Membership Rewards
American Express® Business Gold Card
A business with significant spending in any two categories can offset the annual fee and earn massive rewards through the 4x points rate.
Pros
- Flexible redemption and points transfer options
- Robust travel benefits
- Automatic 4x points on the two categories you spend the most on
Cons
- High $295 annual fee
- 4x points rate is limited to the first $150,000 in spending annually
- No option to carry a balance
REGULAR APR
15.74% – 23.74% Variable
ANNUAL FEE
$295
WELCOME BONUS
CREDIT SCORE
Best Credit Card For Small Businesses – Best Business Credit Cards
Capital One® Spark® Cash for Business
Business owners who want a simple, no-hassle cashback program and spend generally across categories will gain solid rewards from this card.
Pros
- High 2% cashback rate applies to all purchases
- Visa benefits
- No-fee employee cards
- No foreign transaction fees
Cons
- Penalty APR is one of the highest we’ve seen
- No intro APR offer
- No bonus spending categories to boost rewards
REGULAR APR
18.49% (Variable)
ANNUAL FEE
$0 intro for first year; $95 after that
WELCOME BONUS
CREDIT SCORE
Best Credit Card For Business Travel – Best Business Credit Cards
Ink Business Preferred℠ Credit Card
Frequent business travelers who spend generously within the bonus categories will find extreme value in this card.
Pros
- Remarkable welcome bonus
- No foreign transaction fee
- Free cards for employees
- Rewards for common business expenses
Cons
- High penalty APR if you miss a payment
- Has annual fee
- High 5% fee for cash advance (min $15)
- High 5% fee for balance transfer (min $5)
REGULAR APR
17.49% – 22.49% Variable
ANNUAL FEE
$95
WELCOME BONUS
CREDIT SCORE
Best Business Credit Card For Air Travel – Best Business Credit Cards
CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®
Small businesses who travel frequently on AA will love the perks that come with this card.
Pros
- Excellent travel perks with AA
- Large network of partner airlines via OneWorld Alliance
- No foreign transaction fee
Cons
- No intro APR offer
- Doesn’t give access to American Airlines’ Admirals Club airport lounges
- $99 annual fee (waived first year)
REGULAR APR
17.49% – 26.49% (Variable)
ANNUAL FEE
$99, waived for first 12 months
WELCOME BONUS
CREDIT SCORE
Best Business Credit Card For Hotel Rewards
Marriott Bonvoy Business™ American Express® Card
Frequent business travelers who are loyal to Marriott Bonvoy hotel brands will love this card’s generous perks and rewards.
Pros
- Generous welcome bonus
- High redemption value for rewards points
- No blackout dates and points never expire
Cons
- Only frequent travelers can justify the $125 annual fee
- No non-travel points redemption options
- No intro APR offer
REGULAR APR
17.24% – 26.24% Variable
ANNUAL FEE
$125
WELCOME BONUS
CREDIT SCORE
Best Credit Card For Business Startups
Brex Corporate Card for Startups
A perfect match for startups and early-stage companies with funding but no profits, and whose principals do not want to put personal credit ratings at risk
Pros
- No personal guarantee or credit check required
- No annual fee
- Fast sign-up process
- Instant access to credit line
Cons
- Geared towards well-funded startups, not smaller ventures
- Exclusive Rewards program is limited to companies that meet certain qualifications
REGULAR APR
N/A
ANNUAL FEE
Up to $60
WELCOME BONUS
CREDIT SCORE
Best Credit Card For New Businesses With No Credit Lines
Wells Fargo Business Secured Credit Card
For businesses with limited or poor credit, this card offers a solid option to build credit while earning 1.5% cashback on all purchases.
Pros
- Relatively low $25 annual fee
- Solid cashback rewards program
- Path to a possible upgrade to an unsecured card
Cons
- Credit limit is capped to the amount of security deposit
- High 4% cash advance fee
- Still requires a credit check
REGULAR APR
17.15% variable APR on purchases
ANNUAL FEE
$25
WELCOME BONUS
None
CREDIT SCORE
Bad/Poor
Best Business Credit Card For Employee Use
Wells Fargo Business Elite Card®
Only for businesses with annual sales over $1 million who require robust employee spending control and reporting. For others, better options are available.
Pros
- No fee for employee cards
- Robust control of employee spending by category, amount and time
- Detailed employee spend reporting
Cons
- Only available to businesses with annual sales above $1 million
- Minimum annual spend requirement of $25,000
- Rewards rate is mediocre
9.24% Variable APR on purchases
ANNUAL FEE
$125 Annual fee (waived first year)
WELCOME BONUS
One-time $1,000 cash back bonus or 100,000 bonus points
CREDIT SCORE
Good/Excellent
Best Business Credit Card For Cash Back & No Fee – Best Business Credit Cards
Discover it® Business Card
Businesses with heavy spending needs in the first year could rack up impressive rewards with the 1-for-1 matching cashback intro offer.
Pros
- 100% U.S. Based Customer Service
- Solid 1.5% cashback rewards on all spending
- Double cashback rewards for the first year
Cons
- No travel benefits
- No bonus spending categories to boost rewards
REGULAR APR
14.49% to 22.49% Variable
ANNUAL FEE
$0