Business credit cards allow you to separate your small business expenses from your personal expenses, and they very often have business-specific rewards that are different from personal credit cards. Note, however, that unless your business is well established, getting approved for a business credit card will usually require you to make a personal guarantee. What does that mean? If you fail to pay your card bills, you will hurt your personal credit score.
That said, here are our picks for the best business credits on the market today:
- SimplyCash Plus Business Credit Card from American Express – Earn a 5% rebate on all purchases from U.S. office supply stores and on wireless telephone services purchased directly from U.S. service providers. You also get to choose a 3% rebate category from a list that includes airfare, hotel, car rentals, gas, restaurants, advertising, etc. Finally, you get 1% cash back on all other card purchases. No annual fee.
- Ink Business Cash from Chase – Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on Internet, cable and phone services each year. Also, earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants. 1% cash back on everything else. No annual fee.