I receive compensation for content and many links on this blog. You don’t have to use these links, but I am grateful to you if you do. American Express, Citibank, Chase, Capital One and other banks are advertising partners of this site. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners. I do not write about all credit cards that are available -- instead focusing on miles, points, and cash back (and currencies that can be converted into the same).
If you’re not signing up for small business credit cards you’re missing out on a lot of miles. And with many issuers the cards don’t report to your personal credit, don’t count towards the “5/24” total Chase calculates when deciding whether to approve you for some of their cards.
One of the very first things you do when you start a business, whether it’s part-time or full time, is set up a credit card (in no particular order, the credit card can come first). Even before you do any business you want to clearly separate out personal and business finances. It will keep things clean for tax reporting, and also help bolster your case that it’s a legitimate business and not a hobby, something that’s key to be able to write off your expenses.
If you do consulting work on the side, or you sell items on eBay or craigslist it can be a good idea to set up a business card.
Now I I like the Chase Ink Business Preferred Card for fastest earning [though it depends what your spending is mostly on]. However the best one for spending is not the best one for lounge access and travel benefits.
There are several amazing offers right now.
Ink Business Preferred℠ Credit Card offers 80,000 points after $5000 spend within 3 months and earns triple points on the first $150,000 spend on travel, telecommunications, shipping and advertising on social-media and search engines. It even comes with protection for your cell phone if you buy it using the card.
Most customers need to have had fewer than 5 new cards in the last 24 months to be approved for this one.
Transfer Points and Redeem for Singapore Airlines A380 Suites
- Chase Ink Business Unlimited(SM) Credit Card is a no annual fee card that offers $500 after you spend $3,000 on purchases in your first 3 months of cardmembership. Have a Chase Sapphire Preferred Card? You can transfer the initial bonus from Business Unlimited to your Sapphire Preferred and from there to miles and points. And oh by the way the card earns 1.5 points per dollar on all spending.
- The Business Platinum® Card from American Express OPEN now has a limited-time 100,000 point initial offer — valid through August 8, 2018 and with a high spend requirement. You earn 50,000 points after you spend $10,000 & an additional 50,000 points after you spend an additional $15,000 all on qualifying purchases within your first 3 months of cardmmbership.
Amex’s Business Platinum comes with a $200 airline fee credit. It gets you lounge access — Priority Pass, Delta lounges when flying Delta same-day, and their own Centurion lounges. And it gets you elite status — Hilton Gold and Starwood Gold which matches to Marriott Gold.
American Express Centurion Lounge Houston
You get to pick an airline for a $200 fee credit per year and get 10 Gogo inflight internet passes annually. You earn 1.5 points per dollar on each eligible purchase of $5,000 or more up to 1 million additional points per year.
- Business Gold Rewards Card from American Express OPEN lets you earn 50,000 Membership Rewards points after $5,000 spend on purchases with the card within your first 3 months of cardmembership. There’s a $0 introductory annual fee for the first year, then $175.
You get to choose your triple points category (and the categories you don’t choose earn double points) from: Airfare purchased directly from airlines; U.S. purchases for advertising in select media; U.S. purchases at gas stations; U.S. purchases for shipping; U.S. computer hardware, software, and cloud computing purchases made directly from select providers.
American Express Points Can Be Transferred to Etihad
- CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®: 70,000 mile initial bonus after spending $4,000 within the first 4 months of account opening. This card has a $0 annual fee the first year (then $95).
Cardmembers receive one free checked bag and preferred boarding on American Airlines flights and a companion ticket after $30,000 in spend each year. The 60,000 point offer is gone from both the Citi and Barclays personal AAdvantage cards so I’m surprised to see this Citi bumping up their bonus to a best-ever offer.
- The Hilton Honors American Express Business Card is offering 125,000 points after you spend $5,000 in your first 3 months of cardmembership. This is a limited-time offer that ends June 27, 2018.
The card earns 12X at hotels & resorts in the Hilton portfolio, 6X on select business and travel purchases, and 3X everywhere else. You’ll get complimentary Hilton Gold status just for having the card. $15,000 spend in purchases in a calendar year earns a weekend night reward as well, and another weekend night after you spend an additional $45,000 in purchases on your Card in the same calendar year. The card comes with Priority Pass Select including 10 visits each year — not bad for a $95 annual fee card.
- Capital One® Spark® Cash for Business gives you 2% cash back on your business spend (unlimited) and has an initial bonus of $500 once you spend $4,500 on purchases within 3 months from account opening. There’s a $0 annual fee the first year; $95 after that.
- Blue Business℠ Plus Credit Card from American Express is maybe the best no annual fee card around, it earns double points on all purchases up to your first $50,000 in spend (one point per dollar after that).
These are real Membership Rewards points that transfer to a variety of airline frequent flyer programs. This is the best most rewarding card for otherwise-unbonused spend.
- Southwest Rapid Rewards® Premier Business Credit Card has an offer to earn 60,000 points after you spend $3,000 on purchases in the first 3 months your account is open.
You earn 6,000 bonus points after your cardmember anniversary, a nice incentive to keep this $99 annual fee card.
While you can no longer get two different personal Southwest cards, you may be approved for a personal and a small business card, the fasted way to a Southwest Companion Pass which is earned after 110,000 points in a year (credit card points including signup bonus points count).
There’s no one best card, but you can choose to get several. Chase Ink Business Preferred Card has the best signup bonus and is great for spend. Business Gold Rewards Card from American Express OPEN has a good signup bonus and is great for spend in your chosen category.
Blue Business℠ Plus Credit Card from American Express is good for spend and so is the Starwood Preferred Guest® Business Credit Card from American Express simply because Starwood points are so valuable.