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Credit Cards

3 Great Credit Cards for Small Businesses

Separate your business and personal spending with our picks for no-fee business cards.

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Whether you run a shop on eBay or a store at the mall, a small-business credit card can help you manage expenses. Benefits include rewards for common business purchases, a higher credit limit than you might have with a consumer card, and the ability to separate business from personal spending—useful at tax time.

See Also: Best Rewards Credit Cards for Your Wallet

But before you apply, consider some potential downsides. Some issuers share account activity with consumer credit agencies—meaning that if you default on a business card, your personal credit could suffer. (To see how major issuers report activity, go to www.nav.com/url/ccr.) Plus, issuers of business cards don’t have to comply with consumer credit card protections, such as ceilings on over-limit and late fees. However, just as with consumer cards, cardholder liability for unauthorized purchases is limited to $50; MasterCard and Visa extend zero-liability coverage to their small-business credit cards. Ask your issuer what protections it offers.

We like three no-fee business cards. Chase Ink Cash Back Rewards (0% annual percentage rate for 12 months, then 13.49% to 19.49%) pays 5% cash back on up to $25,000 spent yearly at office-supply stores and on phone, internet and cable-TV services; 2% on up to $25,000 spent at gas stations and restaurants; and 1% on everything else. Capital One Spark Cash Select (0% for nine months, then 13.24% to 21.24%) offers 1.5% cash back on all purchases and charges no foreign-transaction fee. Bank of America Cash Rewards for Business MasterCard (0% for nine months, then 11.49% to 21.49%) pays 3% back at gas stations and office-supply stores (up to $250,000 spent a year, then 1%), 2% on restaurant purchases, and 1% on everything else.

See Also: Best of the Low-Fee Credit Cards