Best Business Credit Cards of October 2022
Table of Contents
Business Credit Cards owners know every penny counts. When it comes to making the most of business Credit Cards transactions, using a credit card can be a rewarding strategy.
Business credit cards can offer a range of benefits. These include rewards or cash back, loyalty points, travel protection and expense management. The key to finding the best business Credit Cards for you is to determine which of those factors are important to your business and what you value: rewards, cash back or help building credit.
Best Business Credit Cards
The Blue Business® Plus Credit Card from American Express
The Blue Business® Plus Credit Card from American Express (Terms apply. See Rates and Fees.) is somewhat unique because you can earn Membership Rewards points without paying an annual fee. The card also offers an introductory APR, which can help a new business Credit Cards acquire inventory or pay upfront costs but get some extra time to pay off in full without accruing interest.
Rewards: Earn 2 Membership Rewards points on everyday business Credit Cards purchases like office supplies or client dinners up to the first $50,000 in purchases per year, then 1 point per dollar on all other purchases.
Welcome Offer: Earn 15,000 Membership Rewards® points after spending $3,000 in eligible purchases on the card in the first 3 months of card membership.
Annual Fee: There is no annual fee
Other benefits and drawbacks: This card offers 0% intro APR on purchases for 12 months from account opening date, then variable rates of 16.24% – 24.24%. Balance transfers must be completed within 60 days of account opening and a fee of $5 or 3%, whichever is greater, applies. This can be attractive if you want to save money on interest with a low APR, but it’s not a good idea to carry a long-term balance when the introductory period is over.
We love the fact that you can earn extra Membership Rewards® points per dollar on everyday business Credit Cards purchases like office supplies or client dinners. If you want a similar card but choose cash back on points, consider the American Express Blue BusinessCredit Cards Cash™ Card. However, if your business Credit Cards regularly spends more than $50,000 per year, an uncapped card may be a better choice.
Ink Business Unlimited® Credit Card
The Chase Inc. Business Credit Cards Unlimited® Credit Card is marketed as a cash-back card and offers a relatively high rate of cash back. When paired with a premium Chase Ultimate Rewards card, rewards count as transferable Ultimate Rewards® points making this card even more valuable. If you want a straight earning rate instead of bonus categories, Unlimited Inc. is at the top of Preferred as long as you pair it with a card that has transferable rewards.
Rewards: Earn 1.5% cash back rewards on every business purchase.
Welcome Offer: Get $750 bonus cash back after spending $7,500 on purchases in the first 3 months of account opening.
Annual Fee: $0
Other benefits and drawbacks: Chase Ink Unlimited’s “set it and forget it” rewards may not be easy to earn, making this a solid choice if you just want a business Credit card. That said, to unlock this card’s full potential, you’ll need to pair it with another Ultimate Rewards-earning card like the Ink Business Preferred® Credit Card, Chase Sapphire Preferred® Card or Chase Sapphire Reserve®.
If you’re after the highest rate of cash back alone, it’s possible that another card will offer more value.
American Express® Business Gold Card
The American Express® Business Gold Card (Terms apply. See rates and fees.) is a solid option for business owners who want to maximize their earnings but don’t want to put a lot of thought into how to do so. American Express automatically rewards you each billing cycle at a generous rate on the two categories you spend on from a selected list. Many cards offer quarterly or rotating bonus categories, but the American Express Business Gold Card does the work for you.
Rewards: Earn 4 Membership Rewards® points per dollar on the 2 select categories where a business Credit Cards spends the most each month. 1 point per dollar is earned for other purchases. The 4 point per dollar earning rate applies to the first $150,000 in combined purchases from the 2 eligible categories each calendar year.
Welcome Offer: Earn 70,000 Membership Rewards® points after spending $10,000 on eligible purchases within the first 3 months of opening an account.
Annual Fee: $295
Other Benefits and Drawbacks: A notable travel perk the Amex Business Gold has is a rebate of 25% of the points you use when you book eligible flights with American Express Travel back, up to a maximum of 250,000 points back per calendar year. American Express also grants users travel and transportation protections, such as baggage insurance*, emergency assistance* and no foreign transaction fees.
Additionally, American Express has one of the most robust benefits programs out there with protections including purchase protection* and extended warranty coverage*. Cardholders have the ability to pay balances over time with interest, and there are no pre-set spending limits on the Business Gold card.
World of Hyatt Business Credit Card
The World of Hyatt Business Credit Card earns top marks on our business Credit Cards hotel card rankings due to its combination of valuable perks and attractive earnings rates. This card makes it easy to earn rewards faster on paid Hyatt stays and on everything else you buy.
Rewards: Earn 4 points per dollar at Hyatt hotels, 2 points per dollar spent in a cardholder’s top three spend categories each quarter through 12/31/23, then the top two categories each quarter, 2 points per dollar spent on fitness club and gym memberships and 1 point per dollar spent on all other purchases
Welcome Offer: Earn 60,000 bonus points after spending $5,000 on purchases in the first 3 months from account opening
Annual Fee: $199
Other Benefits and Drawbacks: The World of Hyatt Business Credit Card makes it easy to earn rewards that can be used for hotel stays in this program. The card offers a $100 rebate (redeemable as $50, twice a year) on Hyatt purchases and an incentive for spending $50,000 annually on the card: 10% of redeemed points back for the remainder of the year on up to 200,000 points redeemed.
The downside of Hyatt is its lack of reach into many smaller markets and large sections of the globe. There are many places where a Hyatt portfolio hotel is nowhere to be found.
United Club℠ Business Card *
The United Club℠ Business Card* is the sibling of the personal United Club Infinite Card, with a slightly different earning structure. Lounge access plus other United benefits easily outweigh the annual fee if you normally pay for a United club membership anyway. If your business is not close to a United hub, this card may not be for you.
Rewards: Earn 2 miles per dollar spent on United purchases and 1.5 miles per dollar spent on all other purchases.
Welcome Offer: Earn 100,000 bonus miles after spending $10,000 on purchases in the first 3 months of account opening.
Annual fee: $450
Other benefits and drawbacks: The United Club℠ Business Credit Cards* has many benefits, but an annual fee is charged. In addition to United Club membership, the Business Credit Cards Club card offers premier access to airports, space-available upgrades on award tickets, your free first and second checked bags, 25% off in-flight purchases when you pay with your card and Avis President Club. is
The card also comes with a suite of travel and purchase protections including trip cancellation and interruption insurance, trip delay coverage, lost and damaged baggage insurance, delayed baggage coverage, rental car insurance coverage, purchase protection, return protection and extended warranty.
New businessCredit card! Ink Business Premier℠ Credit Card
Those who regularly make purchases of $5,000 or more will find it hard to beat the rewards potential at Ink Business Credit Cards Premier. You’ll also earn great rewards for travel booked through the Chase Ultimate Rewards Travel Center.
Rewards: Earn 5% cash back on travel purchased through Chase Ultimate Rewards®, 2.5% cash back on purchases of $5,000 or more, and 2% cash back on all other purchases
Welcome Offer: Get $1,000 cash back after spending $10,000 on purchases in the first 3 months of account opening
Annual fee: $195
Other benefits and drawbacks: The card offers plenty of flat-rate rewards, especially for big spends. But those looking to maximize their redemption values by combining the earnings on this card with another premium Chase Ultimate Rewards card are out of luck. You cannot transfer rewards from this card to another.
Wyndham Rewards Earner® Business Credit Card*
The Wyndham Rewards Earner® Business Credit Card* has unmatched earnings in a category that caters to people who live in their cars. With industry-leading bonuses on gas station purchases and healthy earnings on Wyndham hotel stays, this card is a no-brainer if you’re comfortable at budget hotels that spend more time across much of Wyndham’s portfolio. way
Rewards: Earn 8 points per $1 spent on Hotels by Wyndham and gas purchases, 5 points per $1 spent on marketing, advertising and utilities and 1 point per $1 spent on all other purchases.
Welcome Offer: Earn up to 75,000 bonus points, good for up to 10 free nights at participating properties; Earn 65,000 bonus points after spending $2,000 in the first 90 days and 10,000 bonus points after making purchases on an employee card.
Annual fee: $95
Other perks and cons: With 15,000 Anniversary Points and a 10% discount on Go Free Rewards at Wyndham hotels, you’ll have access to free nights faster than you can say “Super-8.” Since basic hotels start at 7,500 points per night, it takes less than $1,000 in gas or Wyndham hotel spending to earn a free night. That’s an unheard of rate unless you’re looking for luxury. But if self-parking is your idea of roughing it, the Wyndham card might not be for you.
The Hilton honors the American Express Business Credit Cards
Wherever you go, you’ll find a Hilton portfolio hotel. The Hilton Honors American Express Business Card (Terms apply. See Rates and Fees.) is worth exploring for its complimentary Hilton Gold status as a cardholder, and you can earn generous welcome bonuses and higher rewards rates on eligible spends.
Rewards: Earn 12 Hilton Owners Bonus Points per dollar on eligible purchases at participating hotels and resorts in the Hilton portfolio, 6 points per dollar at US gas stations, on wireless telephone services purchased directly from US service providers and on US purchases for shipping. , US 3 points per dollar on restaurants, flights booked directly with airlines or American Express Travel, and car rentals booked directly from select car rental companies and all other eligible purchases.
Welcome Offer: Earn 130,000 bonus points after spending $3,000 in purchases on the Hilton Honors Business Credit Card in the first 3 months of card membership.
Annual fee: $95
Other perks and cons: This card may be worth just the welcome bonus, but don’t forget you’ll also get automatic Hilton Gold status. This elite status can afford you benefits such as late checkout, food and beverage credits or complimentary breakfast, room upgrades based on availability, and more. Even if you’re only an occasional Hilton guest, this card can make sense.
You’ll also get 10 complimentary Priority Pass lounge visits per year once enrolled, which is unusual for a mid-range credit card and may be more than enough to get you to an airport lounge if you only travel a few times a year. If you travel more than once per month, however, you may want to consider a travel credit card with a Priority Pass Select membership that includes unlimited visits.
Delta SkyMiles® Reserve Business Credit Card American Express Card
If you like to travel in style, the Delta SkyMiles® Reserve Business American Express Card (terms apply. See rates and fees) may be for you. This card gives access to both the Delta and American Express Centurion Clubs when flying Delta. It also offers Status Boost®, which allows you to earn 15,000 Medallion Qualifying Miles (MQM) after spending $30,000 on the card four times per year.
Rewards: Earn 3 miles per dollar on eligible purchases made directly with Delta and 1 mile per dollar on all other eligible purchases. After spending $150,000 in a calendar year, earn 1.5 miles per dollar on eligible purchases the rest of the year.
Welcome Offer: Earn 100,000 bonus miles after spending $6,000 in purchases in the first 3 months of card membership.
Annual fee: $550
Other benefits and drawbacks: The Delta SkyMiles® Reserve Business Credit Cards American Express Card carries a hefty fee and offers prestigious Centurion lounge access. Used strategically, an annual domestic ticket companion certificate, even good in domestic first class, can offset a large portion of the annual fee. The ability to receive the Medallion Qualification Dollar Waiver (MQD Waiver) with $25,000 of spending on the card (excluding Diamond status) is also a potentially valuable benefit.
To create this list, a Forbes consultant analyzed more than 100 business credit cards. Our main criteria relates to value: Will any fees you pay for this card outweigh the benefits you receive?
We’ve also evaluated each card category in its lane, comparing hotel cards with hotel cards, cash back cards with cash back cards, and the like.
Other characteristics considered when determining each category were accessibility, dollar value of cash back or point rewards, APR, fees and additional benefits or protections offered by the card. Finally, we considered ancillary features in each category such as elite status or lounge access with a travel card.