He’s written finance guides on insurance, savings, travel and more for CNET, Bankrate and GOBankingRates. Make sure you know what a good credit score is and how to increase your credit score quickly if it’s in the dumps. American Express, for instance, tells applicants whether or not they’re approved with no hard credit inquiry. Earn an extra 1.5% on everything you buy up to $20,000 spent in the first year, worth up to $300 cash back.
- But if you’re dead-set against paying annual fees in any case, consider skipping an airline card entirely.
- And if you’re not going to carry a balance, you’ll want to compare cards mainly based on their rewards and annual fees.
- Prior to my retirement I was in a high cash flow business and I had no need for credit of any kind.
- For example, Bank of America offers an extra 25% to 75% cash back on rewards for its Preferred Rewards customers.
- The Sapphire Reserve features a whopping $795 annual fee but does offer tons of credits that help offset this cost.
Additionally, those looking for a way to fill gaps in their points earning strategy will benefit from the flat 1 point per dollar spent on other purchases outside of the main travel categories. This is the best card for those looking to earn bonus points at U.S. supermarkets and restaurants worldwide. You have an array of valuable transfer partners, while the dining and Uber statement credits help offset the considerable $325 annual fee.
What can I do with credit card rewards?
Chose the category you like – cash back, for fair credit, secured or with no annual fee and compare cards by annual rewards, intro bonuses, and introductory APR. Typically redeeming business credit card rewards is reserved for the company’s owner. Go for a travel rewards card if you feel as though a good vacation is needed.
Best airline cards
You can also earn cash back, points or miles when you use your card to make purchases. Note, however, that although some credit cards are marketed as cash-back cards, they might offer points that you can redeem for cash back and in other ways. If you’re planning to do a lot of traveling this year, look for a card that offers points or miles you can redeem for a variety of travel purchases. Members of Costco Wholesale who use this card get 5% cash back on Costco fuel purchases and 4% back at other gas stations.
Complementary personal/business card combinations can help you diversify your points earning and bonus categories and can play a part in a responsible spending strategy. Our recent survey revealed that 21% of TPG users carry at least one business credit card in their wallet. Business credit cards typically offer excellent welcome bonuses and other great perks, which isn’t surprising considering their popularity. Additionally, business credit cards often come with valuable business-specific perks and the ability to earn rewards on common business expenses like advertising, office supplies, and phone bills. Add a business credit card to your wallet to optimize your small business spending.
U.S. Bank (
If you own a small business or just do freelance gigs, you could be eligible for a business credit card. If you’re looking for points you can use with United and in other ways, see if the Ink Business Preferred® Credit Card is a better fit for your wallet. For a $95 annual fee, this card earns Chase Ultimate Rewards points that you can transfer to more than a dozen airline and hotel partners, including United, though you do miss out on the airline-specific perks.
However, the 1% unlimited cash back on every purchase for your business, plus 5% cash back on hotels and rental cars booked through Capital One Travel isn’t bad for someone with fair credit. Small business credit cards are very close to personal cards – they require personal guarantee from business owner and offer very similar packages of rewards. Another key tip for maximizing cash back rewards is to pay off your balance in full each month. By paying your balance in full and on time, you can avoid accruing interest charges and fees, allowing you to fully enjoy the benefits of your cash back rewards. Plus, keeping your balance low can also help improve your credit score, making it easier to qualify for future credit cards or loans. If your business makes steady, everyday purchases, the American Express Blue Business Cash™ Card offers reliable rewards, giving you 2% cash back on the first $50,000 spent each calendar year.
Looking for more top offers?
- Plus, with no annual fee, it’s an affordable option for small businesses looking to save.
- American, Delta and United airlines each offer a premium credit card that gives you access the carrier’s airport lounges.
- Cash back business credit cards offer more than just rewards—they can help you improve cash flow, simplify expense tracking, and give you access to helpful tools like employee cards and expense management software.
- In others, you might get 1 cent per point when redeeming for travel and 0.5 cents when redeeming for gift cards or cash back.
- Another top contender in the realm of cash back business credit cards is the American Express Blue Business Cash Card.
Dealing with bonus categories can be overwhelming when you’re just learning the basics. Plus, it can lead to overspending if you get a little too excited about cash back. For my money, a dependable 2 percent flat-rate cash rewards card is always an excellent starting point.
Maximizing the $50,000 yearly spending all in the 3 percent bonus category would net $1,500 in cash back — an amazing return for a no annual fee card. Additionally, some business credit cards don’t charge interest because they require you to pay your balance in full each month. Even if your card doesn’t require you to pay it in full each month, it’s still a good idea to avoid paying interest. If you carry a balance, the amount you’ll pay in interest can easily overshadow any cash back you’ve earned.
Best for United Airlines
Our credit card editors are committed to bringing you unbiased ratings and information. Corporate cards are relatively rare, and the process to get one is more complicated than filling out a typical credit card application. Get individualized content on the topics you care about most by telling us a little more about yourself.
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
Plus, with no annual fee, it’s an affordable option for small businesses looking to save. Our reward card ratings focus on how much real value you can earn — and keep — with everyday spending. We look closely at rewards rates, intro offers, and fees to surface the strongest options for people who want to maximize cash back. This is one of the best business cards with no annual fee because it earns 1.5% back on best cash back business credit cards of november 2021 every purchase without needing to keep track of bonus categories. The Bilt Rewards Mastercard is a credit card that allows renters to earn one point per dollar on their rent payments (up to 100,000 points on rent each calendar year), without incurring transaction fees.
Flexible Travel Rewards
As Motley Fool Money’s Compliance Lead, he makes sure that all the site’s information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. For no annual fee, you’re getting an excellent return on a variety of purchases — both in and out of the U.S. Fans of Capital One who frequently book travel via the Capital One booking site and want a card the offers no foreign transaction fees.
If you need to carry a balance, consider a business credit card with 0 percent APR offers on purchases or with a low-interest rate. Also, a charge card may best suit your business if you can comfortably pay off your balance in full each billing cycle. For that reason, these credit cards lack owners’ protection given to consumers by the Act.
To identify the best cash back business credit cards, we started by analyzing the various options and the market and looked for those that offered generous rewards rates. We wanted a combination of flat-rate cash back cards and those with elevated rewards in specific bonus categories. Most cash back cards do not charge an annual fee, but there are exceptions — particularly cards that deliver outsize value. These cards tend to provide not only rewards (which is what you get for spending money with the card) but also perks (benefits you get for simply carrying the card). Flat-rate cards pay the same rewards rate no matter what you’re spending money on.
Ultimately, we wanted a list that would provide the most value to a wide variety of business owners. We want every business owner who needs a cash back card to find one on this list that checks all their boxes. Therefore, it is not a surprise that there are credit cards for businesses that offer cash back like personal cash back cards. For more picks, check out our rankings of the best small-business credit cards. Before you spend time filling out a business credit card application, take a step back to think about your credit card needs with the following checklist.
