Are you looking for a business credit card that rewards you for your spending? Do you want to earn cash back on your business expenses and save money on your bottom line? If so, you have come to the right place. In this article, you are going to see the list of the best business credit cards for cash back. These cards offer high cash back rates, generous bonuses, low fees, and other benefits that can help you grow your business and achieve your goals. Whether you are a small business owner, a freelancer, or a startup founder, you can find a card that suits your needs and preferences. Read on to find out more about the best business credit cards for cash back.
- Ink Business Cash® Credit Card
- Capital One Spark Cash Plus
- American Express Blue Business Cash™ Card
- U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
- Amazon Business Prime American Express Card
Overview of Best Business Credit Cards for Cash Back
How to Choose the Best Business Credit Cards for Cash Back
Pros & Cons of Best Business Credit Cards for Cash Back
What to Watch Out For
1. Ink Business Cash® Credit Card
9.9/10
Choose this to get a generous welcome bonus of $750 after spending $7,500 in your first three months. You can also get a 5% cash back on select business categories such as office supplies, internet, cable, phone services, and Lyft rides.
Pros
- Offers high cash back rate on select business categories.
- Has a generous welcome bonus.
- Has no annual fee.
- Offers 0% introductory APR on purchases for 12 months.
- Gives 20% discount on eligible purchases through Chase’s portal.
Cons
- Limits cash back to $25,000 per year in each category.
- Has a foreign transaction fee of 3%.
- Has a high regular APR of 18.49% – 24.49% after the introductory period.
- Lacks cash back on travel or dining expenses.
- Requires excellent or good credit to qualify.
- Issues from the Chase Bank, USA.
- Earn 5% cash back on the first $25,000 you spend in combined purchases.
- Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants. Earn 1% cash back on all other purchases.
- Get a $750 bonus as cash back when you use $7,500 on purchases in your first 3 months on the card.
- Offers $0 annual fee.
- Has a regular APR: 18.49% – 24.49% variable.
- Demand good to excellent credit score (700 – 749).
2. Capital One Spark Cash Plus
9.8/10
Get a flat 2% cash back on all purchases including a generous welcome bonus and annual cash bonus. Also, it has no caps or categories to track.
Pros
- Has a high cash back rate on all purchases.
- Has a welcome bonus and an annual cash bonus.
- Has no foreign transaction fees.
Cons
- Has an annual fee of $150 (waived first year).
- Requires you to spend high to earn bonuses.
- Has a high variable APR.
- Issues from Capital One Bank (USA).
- Earn 2% cash back on every purchase.
- Earn $1,200 cash back after you spend $50,000 on purchases in the first 6 months from account opening.
- Has an annual fee of $150.
- Offers a regular APR of 20.99% (variable).
- Requires an excellent credit score (750+).
3. American Express Blue Business Cash™ Card
9.4/10
Earn 2% cash back on the first $50,000 you spend each calendar year and enjoy 0% introductory APR for 12 months on purchases and balance transfers. Can you even imagine this card has no annual fee and no category restrictions?
Pros
- Has a high cash back rate on up to $50,000 you spend each year.
- Has no annual fee and no foreign transaction fees.
- Has flexible payment options and expanded buying power.
Cons
- Drops cash back to 1% after reaching the $50,000 threshold.
- Has a high variable APR after the introductory period.
- Lacks wide acceptability outside the U.S.
- Issues from American Express National Bank
- Earn 2% cash back on all eligible purchases of up to $50,000 per calendar year. Earn 1% cash back on all other purchases.
- Has no welcome bonus.
- Has no annual fee.
- Offers a regular APR of 18.49% – 26.49%.
- Requires good to excellent credit score (700+)
4. U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
9.2/10
Pick this card to earn 3% cash back on eligible purchases at gas stations, office supply stores, cell phone service providers, and restaurants. In addition, you can enjoy 0% introductory APR for 15 billing cycles on purchases and balance transfers. In fact, no annual fee and no foreign transaction fees.
Pros
- Has a high cash back rate on common business expenses.
- Offers generous welcome bonus and long introductory APR period.
- Has no annual fee and no foreign transaction fees.
Cons
- Puts cash back limit at $2,000 per quarter in each category.
- Has a high variable APR after the introductory period.
- Requires excellent credit to qualify.
- Issues from the U.S. Bank National Association.
- Earn 3% cash back on eligible purchases at gas stations, office supply stores, cell phone service providers, and restaurants. Earn 1% cash back on all other purchases.
- Earn $500 cash back after you spend $4,500 on purchases in the first 150 days of account opening.
- Has no annual fee.
- Offers regular APR between 15.49% – 25.49%.
- Demands an excellent credit score of 750+
5. Amazon Business Prime American Express Card
9/10
Choose this card to get 5% back or 90-day terms on eligible U.S. purchases. Earn 2% back when you use the card at U.S. restaurants, and U.S. gas stations, including wireless telephone services from U.S. service providers. To crown it all, you don’t have to worry about annual fees and foreign transaction fees.
Pros
- Gives a high cash back rate or flexible payment terms on Amazon purchases.
- Has moderate cash back rate on other common business expenses.
- Has no annual fee and no foreign transaction fees.
Cons
- Requires an eligible Prime membership to earn 5% back or 90-day terms.
- Redeems cash back as a statement credit or towards eligible Amazon purchases.
- Lacks wide range acceptability outside the U.S.
- Issues from American Express National Bank.
- Earn 5% back or 90 days terms on eligible U.S. purchases at Amazon Business, AWS, Amazon.com, and Whole Foods Market with an eligible Prime membership; earn 2% back at U.S. restaurants, U.S. gas stations, and on wireless telephone services from U.S. service providers; earn 1% back on other purchases.
- Earn a $125 Amazon.com Gift Card upon approval.
- Has a $0 annual fee.
- Has a regular APR of 19.49% – 27.49%.
- Requires good or excellent credit score (FICO 700+).
Overview of Best Business Credit Cards for Cash Back
Do you need a business credit card that rewards you for your spending? Then, you need to seriously consider a cash-back card. Business credit cards for cash back offer a percentage of your purchases back to you as a statement credit, a check, or a deposit to your bank account. Cash back cards can help you save money on your business expenses, boost your cash flow, and simplify your accounting.
However, not all cash back cards are equal. Some offer higher rates on certain categories, such as office supplies, gas, or restaurants. Some have annual fees, foreign transaction fees, or spending caps. Some have welcome bonuses, introductory APRs, or other perks. You need to compare the features and benefits of different cards to find the best one for your business needs.
Understand that this article presents you cards that offer high cash back rates, generous bonuses, low fees, and other advantages. Whether you are a small business owner, a freelancer, or a startup founder, you can find a card that suits your spending habits and goals.
For instance, the Ink Business Cash® credit card offers up to 5% cash back on select business categories, such as office supplies, internet, cable, phone services, and Lyft rides, while Capital One Spark Cash Plus offers a flat 2% cash back on all purchases, with no caps or categories to worry about. It also has a $1,200 welcome bonus, a $200 annual cash bonus, and no foreign transaction fees.
How to Choose the Best Business Credit Cards for Cash Back
- Know your spending habits and look for a card that offers the highest cash back rate on the categories you spend the most on. Consider the Ink Business Cash® Credit Card, which offers 5% cash back on these categories.
- Compare the fees and interest rates of different cards and see how they affect your bottom line. You may want to avoid cards that charge foreign transaction fees, such as the Ink Business Cash® Credit Card or the American Express Blue Business Cash™ Card.
- Consider the bonuses and perks of different cards and see how they add value to your business.
- Check your credit score and see if you qualify for the cards you are interested in.
- Visit the issuer branch or website to apply.
- Read the fine print and understand the terms and conditions of each card.
Pros & Cons of Best Business Credit Cards for Cash Back
- Pros
- Earn a percentage of your purchases back to you as cash rewards.
- Enjoy various bonuses and perks, such as welcome bonuses, annual cash bonuses, discounts, purchase protection, extended warranty, or travel benefits.
- Simplify your accounting and tax reporting, as you can easily track your spending and cash back rewards with online tools and statements.
- Improve your credit score and reputation, as you can build a positive credit history and demonstrate your financial responsibility by paying off your balance in full and on time every month.
- Have more flexibility and convenience, as you can choose from different cash back rates, categories, redemption options, payment options, and spending limits that suit your business needs and goals.
- Cons
- Ready to pay more than what you earn in cash back, as you may incur various fees and interest charges, such as annual fees, foreign transaction fees, balance transfer fees, or regular APRs if you do not pay attention to the terms and conditions of each card.
- May lead you to miss out on other rewards or benefits, such as points, miles, or free hotel stays.
- Gives you limitations or restrictions, such as spending caps or thresholds, spending requirements or deadlines, redemption options or restrictions, or credit score requirements.
- Prepare yourself to encounter some acceptance or compatibility issues.
What to Watch Out for
If you are using business credit cards for cash back, here are the things to Watch out for:
- Fees and interest charges
- Spending caps or thresholds
- Spending requirements or deadlines
- Redemption options or restrictions
- Acceptance or compatibility issues
Pro Tips
- Choose a card that matches your spending habits and goals.
- Pay off your balance in full and on time every month.
- Take advantage of the bonuses and perks.
- Redeem your cash back rewards wisely.
- Protect your card and your information
Recap
Remember that a business credit card for cash back can be a great way to earn rewards and save money on your business expenses. However, you need to choose the right card for your business needs and goals, and use it wisely and responsibly. You must compare the features and benefits of different cards, such as the cash back rates, fees, interest rates, bonuses, perks, and terms and conditions. Don’t forget to also pay off your balance in full and on time every month, redeem your cash back rewards smartly, and protect your card and your information from fraud or theft. By following these tips, you can make the most of your cash back card and enjoy its advantages.
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