Great Credit Cards for Small Businesses

Colorful stack of credit cards and shopping gift cards. Macro with extremely shallow dof.

(Image credit: bernie_moto)

published 19 July 2016

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.

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.

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Lisa has been the editor of Kiplinger Personal Finance since June 2023. Previously, she spent more than a decade reporting and writing for the magazine on a variety of topics, including credit, banking and retirement. She has shared her expertise as a guest on the Today Show, CNN, Fox, NPR, Cheddar and many other media outlets around the nation. Lisa graduated from Ball State University and received the school’s “Graduate of the Last Decade” award in 2014. A military spouse, she has moved around the U.S. and currently lives in the Philadelphia area with her husband and two sons.