Business credit cards can be a useful tool for entrepreneurs and small business owners. They offer a variety of benefits, such as rewards programs, cash back, and access to business-related services. In 2023, there are several business credit cards on the market that offer different features and benefits. In this article, we will review the top business credit cards for 2023, taking into account factors such as rewards, fees, and other features.
Chase Ink Business Preferred
The first card we will review is the Chase Ink Business Preferred credit card. This card offers a generous sign-up bonus of 100,000 points after spending $15,000 in the first three months. The card also offers 3x points on travel, shipping, internet, cable, and phone services, and advertising purchases on social media and search engines, and 1x points on all other purchases. Additionally, the card comes with travel and purchase protection, and no foreign transaction fees. The annual fee is $95.
American Express Business Platinum
The American Express Business Platinum Card is another strong contender on the market. The card offers a sign-up bonus of 100,000 points after spending $15,000 in the first three months. Cardholders also earn 5x points on flights and prepaid hotels booked through American Express Travel, and 1.5x points on purchases over $5,000. The card also comes with a $200 airline fee credit, access to airport lounges, and travel and purchase protection. The annual fee for this card is $595.
Capital One Spark Cash for Business
The Capital One Spark Cash for Business is a great option for those who prefer cash back rewards. The card offers a sign-up bonus of $500 cash back after spending $4,500 in the first three months. Cardholders earn an unlimited 2% cash back on all purchases, with no annual fee for the first year and a $95 annual fee after that. The card also comes with travel and purchase protection, and no foreign transaction fees.
Bank Of America Business Advantage
The Business Advantage Cash Rewards Mastercard from Bank of America is another cash back card with no annual fee. This card offers a sign-up bonus of $300 cash back after spending $3,000 in the first 90 days. Cardholders earn 3% cash back on purchases in one of six categories of their choosing, 2% cash back on dining and wholesale club purchases, and 1% cash back on all other purchases. The card also comes with travel and purchase protection and no foreign transaction fees.
CitiBusiness/AAdvantage Platinum Select
The last card we will review is the CitiBusiness/AAdvantage Platinum Select Mastercard. This card offers a sign-up bonus of 70,000 American Airlines AAdvantage bonus miles after spending $4,000 in the first four months. Cardholders also earn 2x miles on purchases with American Airlines and 2x miles on purchases at gas stations and restaurants, and 1x miles on all other purchases. The card also comes with travel and purchase protection and no foreign transaction fees. The annual fee for this card is $99, waived for the first 12 months.
When choosing a business credit card, it’s important to consider the features and benefits that are most relevant to your business. Some cards offer rewards programs, while others focus on cash back or travel benefits. Additionally, it’s important to consider the annual fees, interest rates, and other fees associated with the card. By taking these factors into account, you can choose the best business credit card for your needs and make the most of the benefits and rewards that it offers.