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May 16, 2024
Guide to expense reimbursements in 2024
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Table of contents
Expense reimbursement is the practice of businesses repaying employees for the charges they incur on behalf of the company. Travel costs, meals, office supplies, and professional training are just a few of the business expenses that employees tend to seek reimbursement for.
As a business owner, it’s a good idea to get a handle on how expense reimbursement programs typically work, and create your own expense reimbursement policy, so you can keep spending under control within your company.
In this article, we’ll take a deep dive into the topic of expense reimbursements, with examples, strategies, and alternatives that you can apply to your business immediately.
What is expense reimbursement?
Expense reimbursement is exactly what it sounds like: The process of an employer reimbursing an employee for any work-related expenses that they used their personal funds to pay for.
In other words, it’s a payment you make to your employees to compensate them for any out-of-pocket expenses they incur while carrying out the duties of their job. Typically, this will be a dollar for dollar match, which can be added on to an employee’s regular paycheck or as a separate payment via either check or direct deposit.
These payments are also sometimes called employee reimbursements.
Importance of expense reimbursement
If you don’t reimburse your employees for legitimate expenses they incur as a part of their job, you:
- Remove your employees’ incentive to make purchases, even when it’s business critical
- Hurt your business’s ability to attract and retain customers and clients, compete with the competition, and turn a profit in a fast moving economy
- Potentially affect employee morale and make it harder to maintain an engaged workforce
As a bonus, when you reimburse your employees for work-related expenses, you may be able to deduct many of those expenses come tax time—effectively lowering your taxable income for the year.
That said, this doesn’t mean you shouldn’t imburse legitimate expenses incurred by your employees, just because they aren’t deductible. But limiting non-deductible expenses whenever possible is important to the long-term financial health of your company.
What makes an expense reimbursable?
In order to deduct employee reimbursements on your tax return, the IRS requires you to implement an accountable plan—a reimbursement plan specifically designed to adhere to the guidelines established by the IRS. Under this framework, businesses are only allowed to reimburse employee business expenses that are considered “ordinary and necessary” work-related costs.
A non-accountable plan offers more flexibility, but doesn’t come with the same tax benefits as an accountable plan.
Common examples of expense reimbursement
While it’s impossible to compile a comprehensive list of every single possible reimbursable expense, below we’ve pulled together examples of some of the most common types of expenses—including travel and non-travel expenses.
Business travel
Many employees travel as a part of their job. Business travel can include trips to meet with customers, clients, prospects, suppliers, distributors, and other partners. It can also involve other types of business meetings, such as company retreats, all-hands-on-deck meetings, networking events, conferences, and more.
If your employees pay out of pocket to cover any travel costs, those will typically be reimbursable so long as they meet the requirements outlined in your company’s travel reimbursement policy. Examples of business travel expenses can include:
- Costs related to flying: Airfare and airplane tickets, baggage and other airport fees, travel documentation (such as passports), in-flight purchases
- Costs related to driving: Rental cars, taxi and rideshare fares, gas, parking fees, tolls, and mileage reimbursement (typically the standard mileage rate for use of a personal vehicle)
- Costs related to lodging: Hotel bookings, long-term rentals, housekeeping fees, tips
- Costs related to communication: Cell phone plans, wifi, hotspots
- Miscellaneous costs: Train tickets, ferry fares, and other forms of travel
As a note, costs related to employee commuting are typically not considered a business expense.
Meals and entertainment
Reimbursing employees for meals and entertainment can sometimes get a little tricky. Generally speaking, though, these expenses are considered reimbursable so long as they have a clear business purpose or can be clearly tied back to the employee’s duties.
Usually, meals that an employee purchases while traveling are considered reimbursable, as long as they are not considered extravagant. The same goes for meals and entertainment related to business meetings, customer or client meetings, and team building activities.
Reimbursement may include restaurant meals, tips, and service charges. It can also include ready-made meals, groceries, or ingredients, if an employee chooses to cook for themselves during travel.
Supplies and tools
If an employee uses their own money to purchase supplies or tools that are necessary for them to complete their job, those costs are often considered reimbursable. This can include things like:
- Office supplies: Pens and pencils, paper and other stationary, cleaning supplies
- Electronics: Desktop or laptop computer, monitors, printer, fax machine, business phone or smartphone, software subscriptions
- Tools and equipment: Plumbing tools, electrical tools, or carpentry tools, or any other tool your employee needs
- Uniforms and work gear: Including dry cleaning or laundering costs during travel
Many small businesses offer employees a home office stipend to cover these and other business-related expenses. Stipends can be a one-time deal, or can take the form of monthly, quarterly, or annual allowances.
Professional development and training
When an employee completes training or learns new skills, it can empower them to do their job more efficiently and effectively. With this in mind, many employers offer their workers professional development stipends that can be used to fully or partially reimburse costs like:
- Tuition for workshops, courses, certificates, and even advanced university degrees
- Exam fees related to certification and recertification
- Educational supplies, such as textbooks, software subscriptions, and other educational materials
- Attendance at conferences, seminars, and other types of networking events
Managing employee expense reimbursements
In order for your business to effectively manage employee reimbursement requests, you need to have a comprehensive reimbursement policy in place. This policy should outline every step of the reimbursement process, including:
- Eligible expenses: Which out-of-pocket costs does your business agree to reimburse? Are there any exceptions that employees should be aware of?
- Timeframe: When are employees expected to submit their expense reports? What is a reasonable period of time in which they can expect to be reimbursed?
- Proof: What proof of purchase do you require an employee to submit along with their expense reimbursement requests? Examples can include receipts, invoices, and credit card statements.
Alternatives to expense reimbursement
When an employee covers an expense out of their own pocket, they’re essentially fronting their employer’s cost of doing business, which may or may not be fair or ethical for an employer to require. Likewise, managing reimbursements can be a time consuming affair—for your employees, who must submit their expense reports; human resources, who must reconcile and approve any expenses; and your accounts payable department, who must issue the payments.
With this in mind, a few alternatives you might want to consider include:
Per diems
A per diem is a daily amount that an employee is allowed to spend, typically while traveling. It can be used to cover everything from meals and transportation to lodging and other accommodations. Many businesses prefer per diem rates and allowances because they remove the need for more detailed expense tracking and approval.
Cash advances
A cash advance is an amount of cash given to an employee before an expense—most often a travel expense—is incurred. Advances can be especially helpful when an employee is unable or unwilling to cover business expenses out of pocket, or when an employer doesn’t want to require an employee to do so. They can also be helpful for covering expenses when a merchant or vendor does not accept a company credit card.
Corporate cards
A corporate card is a credit card that employees can use to cover business expenses with pre-approved funds. Giving an employee access to a corporate card makes it possible to avoid most reimbursements altogether, and may even translate into discounts on certain purchases—saving your business time and money versus a complicated reimbursement process.
Ramp: Expense management made easy
Ramp makes it easier to manage employee expenses. Our expense management software helps to categorize, review, and approve employee reimbursements. Plus, our suite of automation tools help to streamline everything from receipt collection to request approvals.
Thinking about making the switch to corporate cards? Ramp makes it easy to issue cards to your employees, set custom spending limits and category restrictions.
Try Ramp for free
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Tim Stobierski is a writer and content strategist focused on the world of finance, investing, software, and other complicated topics. His friends know him as a bit of a nerd. On the side, he writes poetry; his first book of poems, Dancehall, was published by Antrim House Books in July 2023.
https://www.linkedin.com/in/timothy-stobierski-82065422/
Ramp is dedicated to helping businesses of all sizes make informed decisions. We adhere to strict editorial guidelines to ensure that our content meets and maintains our high standards.
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- Fewer perks than other business cards
$0
18.49% (variable)
Charity - Chase Ink Business Unlimited
charity---chase-ink-business-unlimited
Chase Ink Business Unlimited Credit Card
- 1.5% cashback on every business purchase
- $750 welcome bonus if you spend $6000 in the first 3 months from account opening
- Rewards can be redeemed for cashback, gift cards, travel and other options through Chase Ultimate Rewards
- Free employee cards
- Unlimited 1.5% cashback rewards
- 0% intro APR period for 12 months
- Rewards never expire
- No bonus reward categories
- Not the best card for balance transfers
- High foreign transaction fees
$95
25.99% (variable)
Charity-Capital Onee
charity-capital-onee
Capital One Spark 2X Miles
- Business credit card suited for frequent travelers
- Must spend $4,500 in the first 3 months to qualify for the welcome bonus
- Annual fee of $95, which is waived for the first year
- Credit for Global Entry/TSA PreCheck
- Rental car coverage and airport lounge access
- Option to transfer miles to different airline and hotel partners
- Unlimited 2X miles on purchases across categories
- Unlimited 5X miles on rental cars and hotel bookings made through Capital One Travel
- Welcome offer of 50,000 miles
- High $95 annual fee
- No introductory APR period
- Fewer perks than other business cards
$0
18.49% (variable)
Charity-American Express Blue Business Cash
charity-american-express-blue-business-cash
American Express Blue Business Cash™ Card
- Cashback rewards card with no annual fees and 0% introductory APR
- Flat-rate cashback rewards rate of 2% across categories
- Annual $50,000 spending limit before cashback rewards halve from 2% to 1%
- 12-month introductory 0% APR
- Cash back rewards
- Purchase protection
- American Express isn't accepted at all vendors
- High APR after the introductory period ends
- Spending caps on cashback rewards
$0
18.49% (variable)
No annual fee
Required
Charity-Chase Ink Business Cash
charity-chase-ink-business-cash
Chase Ink Business Cash Credit Card
- $900 bonus after spending $6,000 in the first 3 months
- 5% cash back on office supplies and telecom services (up to $25,000 annually)
- 2% back at gas stations and restaurants (up to $25,000 annually)
- 1% on all other purchases
- Offers 0% intro APR for 12 months
- 3% foreign transaction fees
- The card comes with a welcome bonus
- You can request as many employee cards as you need at no additional cost
- You have to spend $6,000 within the first 3 months after opening your account to qualify for the welcome bonus
- The rewards program can be difficult for some cardholders to navigate
- $25,000 annual limits put a cap on your largest cash-back earning categories
$0
13.24% (variable)
Charity-pnc
charity-pnc
PNC Points Visa Business Credit Card
- Balance transfer card that offers 0% APR for nine billing cycles
- You can transfer your high-interest rate from another card to save on interest payments
- Offers unlimited rewards with five points for every dollar spent
- Redeem points for cash back, statement credits, or merchandise
- Cash Flow Insight
- Software integrations
- $200 cash bonus when you spend $1,000 in the first 3 months
- Rewards expire
- Short introductory APR period
$0
13.74% (variable)
Charity-Business Advantage
charity-business-advantage
Business Advantage Unlimited Cash Rewards Mastercard® Credit Card
- 1.5% cashback on every purchase
- Earn up to 75% more cashback if you have a business checking account with Bank of America
- 0% intro APR for nine billing cycles
- $300 statement credit after you spend $3,000 in the first 3 months
- $100,000 in travel accident and auto rental insurance
- You can use your credit card as overdraft protection for your Bank of America checking account
- Unlimited cashback
- Travel insurance
- $300 statement credit
- Short introductory APR period
- Lower cashback without a Bank of America account
$0
N/A
Charity-U.S. Bank Business Edge
charity-u-s-bank-business-edge
U.S. Bank Business Edge™ Select Rewards Card
- Offers 3 points for every $1 spent on purchases like gas and office supplies
- Points never expire so nonprofits can use them at their discretion
- For larger purchases, U.S. Bank also offers 0% APR for 15 billing cycles, making it a good option for balance transfers
- Includes up to 5x the points on certain categories like car and hotel rentals
- Extended introductory period
- 3% cash back
- $100 software credit
- Balance transfer fees
- Must book travel through rewards center
- No accounting and software automation
$0
N/A
Charity-Charity Charge Nonprofit Business Card
charity-charge-nonprofit-business-card
Charity Charge Nonprofit Business Card
- Automatic rebates on recurring costs from more than 200 vendors
- 4% rebates on hotels and dining, 1% rebates on gas, and more
- No personal guarantee needed to qualify
- Organizations need at least five years of history and $100,000 in annual revenue or two years with $500,000 annual revenue for eligibility
- Automatic rebate program
- Purchase protection
- No annual fee
- Must meet stringent qualifications
- 2+ years of business history
- No accounting and software automation
N/A
18.49% (variable)
No annual fee
Required
Employee-Chase Ink Business Cash
employee-chase-ink-business-cash
Chase Ink Business Cash Credit Card
- Offers a $900 bonus after spending $6,000 in the first 3 months
- Provides 5% cash back on office supplies and telecom services (up to $25,000 annually)
- 2% back at gas stations and restaurants (up to $25,000 annually)
- 1% on all other purchases
- Offers 0% intro APR for 12 months
- 3% foreign transaction fees
- The card comes with a welcome bonus
- You can request as many employee cards as you need at no additional cost
- You have to spend $6,000 within the first 3 months after opening your account to qualify for the welcome bonus
- The rewards program can be difficult for some cardholders to navigate
- $25,000 annual limits put a cap on your largest cash-back earning categories
Annual Fee
$0
19.24%–28.24%
Employee-U.S. Bank
employee-u-s-bank
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
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- Offers between 1% to 5% cashback on eligible purchases
- Not all purchase categories qualify for rewards
- Comes with an introductory 0% APR period followed by a high variable APR
- Annual $100 statement credit for recurring software subscription expenses
- Bonus cash-back categories
- No annual fees
- Introductory APR period on purchases and balance transfers
- Requires good/excellent credit
- Cash-back rewards program is difficult to navigate
Annual Fee
$650
20.99%–29.99%
Employee-Delta SkyMiles
employee-delta-skymiles
Delta SkyMiles Reserve Business American Express Card
- Designed for frequent business travelers who prefer flying with Delta Airlines
- Offers travel perks specifically for Delta, including Medallion Qualification Miles
- 3x miles on Delta purchases and 1.5x miles in specific categories after $150,000 annual spend
- Includes a 110,000 bonus miles offer after spending $6,000 in the first 3 months
- Complimentary Delta Sky Club access, priority boarding, and baggage insurance
- High earning potential on Delta purchases
- Valuable travel benefits with Delta, including lounge access and priority boarding
- No foreign transaction fees
- The rewards program can be difficult to navigate
- You’ll have to pay an annual fee to have this card
- Many applicants find it difficult to be approved for American Express business credit card offers
Annual Fee
$195
19.49%–27.49%
Employee- Chase Ink Premier
employeechase-ink-premier
Chase Ink Business Premier Credit Card
- Business credit card with travel and purchase protections
- Card comes with a $10,000 minimum credit limit, with the opportunity to raise it
- 2% to 2.5% cashback rewards on purchases
- Free employee cards with custom spending limits
- Welcome bonus of $1000 if you meet spending requirements
- No foreign transaction fees
- "Flex for Business" provides payment flexibility on eligible purchases
- You have to spend $10,000 in three months to qualify for the welcome bonus
- High annual fee
- High interest rate if you carry a balance
$95
25.99% (variable)
Employees-Capital One
employees-capital-one
Capital One Spark 2X Miles
- Business credit card tailored for travel expenses
- Spending requirement of $4,500 in the first three months to qualify for its welcome bonus
- Annual fee of $95, which is waived only for the first year
- Credit for Global Entry/TSA PreCheck
- Rental car coverage and airport lounge access
- Option to transfer miles to different airline and hotel partners
- Unlimited 2X miles on purchases across categories
- Unlimited 5X miles on rental cars and hotel bookings made through Capital One Travel
- Introductory offer of 50,000 miles
- High $95 annual fee
- No introductory APR period
- Fewer perks than other business cards
$0
15.2% (variable)
Preapproved-Capital on Tap
preapproved-capital-on-tap
Capital On Tap Business Credit Card
- Approves their business credit cards within 48 hours of applying
- If you’re approved, you’ll get a virtual card right away so you can start spending before your physical cards arrive
- Cards offer universal cashback rewards on all purchases, with business-specific features
- 24/7 customer service available by phone or email
- No annual fee
- Cashback is universal across purchase categories
- Fast approval process
- Good to excellent credit required
- Must have monthly business revenue exceeding $2,500 to apply
Annual Fee
$150
20.99%
Preapproved-Marriott Bonvoy
preapproved-marriott-bonvoy
Marriott Bonvoy Business American Express Card
- Business credit card for frequent travellers who prefer Marriot Bonvey hotels
- If you meet all of the requirements, including good to excellent credit, you could be approved near instantly
- Offers rewards specific to Marriot chain hotels, including a free night award annually and complimentary Marriott Bonvoy Gold Elite status
- 125,000 introductory bonus points if you spend $8,000 in the first 6 months
- Marriot Gold Elite status awarded with card ownership
- One free night’s stay at a Marriot hotel every year
- $150 annual fee
- Rewards less valuable for non-Marriott hotel stays
$39
25.99% (variable)
Preapproved - First National
preapproved-first-national
First National Bank Of Omaha Business Edition® Secured Mastercard®
- Find out whether you pre-qualify for First National Bank Of Omaha’s secured credit card in under a minute on their website
- Choose your credit limit to set on your card, as long as the limit is between $2,000 and $100,000
- Annual fees and variable APR rate aren't very competitive, but it’s a good choice if you’re looking for a secured card
- High credit limits
- Doesn’t require a good credit score
- Interest can be earned on the security deposit
- $39 annual fee
- A deposit equal to 110% of the credit limit is required
- No unsecured card option
$95
25.99% (variable)
Preapproval - Capital One
preapproval--capital-one
Capital One Spark 2X Miles
- Offers 2 miles per dollar spent without any restrictions or maximum limits
- No annual fees for the first year
- Welcome bonus of 50,000 miles if you spend $4,500 within the first 3 months of opening an account
- If you’re approved for the card, you can call Capital One’s customer support to see if you qualify for an instant virtual credit card
- If you do, you won’t have to wait for your physical card to arrive
- Unlimited 2X miles on purchases across categories
- Unlimited 5X miles on rental cars and hotel bookings made through Capital One Travel
- Introductory offer of 50,000 miles
- High $95 annual fee
- No introductory APR period
- Fewer perks than other business cards
Annual Fee
APR
$0
N/A
EIN-Stripe
ein-stripe
Stripe Corporate Card
- Corporate card available on an invite-only basis to U.S. companies
- Requires a Stripe account to request access
- Charges transaction fees on purchases rather than having a monthly or annual fee
- Each card transaction costs between 1% and 2.9% plus an additional fee of between 0.30 and 0.80 cents
- Earn 1.5% cashback on purchases
- No credit check or personal guarantee required
- No foreign transaction fees
- Stripe's corporate card program is in beta with limited access
- Transaction fees lower the value of cashback rewards on purchases
Annual Fee
$0
N/A
EIN-Bill Divvy
ein-bill-divvy
BILL Divvy Corporate Card
- Corporate card available to registered businesses with an EIN number and U.S. business bank account
- Requires an SSN, but only for a soft credit check, so there's no impact on your credit score
- Comes with expense management software
- Points-based rewards with bonus points in different categories
- Doesn't require a hard credit check or personal guarantee
- Low cash-on-hand requirement of $20,000
- No annual fee
- Requires SSN for a soft credit check
- Fair credit is needed to qualify
- Must use 30% of your credit line in a given month to earn rewards
- Foreign transaction fees
Annual Fee
$0
N/A
EIN - Brex
ein-brex
Brex Card
- Corporate card with a focus on global payments
- Caters to venture-backed or mid-market companies
- Doesn't accept small businesses
- Global cards are accepted in 210+ countries
- Points-based rewards with different points per purchase category
- Includes expense management tools and Mastercard benefits
- No credit check or personal guarantee
- No annual or account fees
- No foreign transaction fees
- Limited to specific business types (C-corp, S-corp, LLC, and LLPs) with equity investors, high annual revenue, or a certain number of employees
- Higher rewards require an exclusivity agreement with Brex
- New users must pay off their balance daily
Annual Fee
$0
20.74% (variable)
No annual fee
No
Gas - Shell
gas-shell
Shell Small Business Card
- Rebates up to 5¢ per gallon at Shell stations
- Provides detailed, custom reports for tracking
- Offers 15% savings at participating Jiffy Lube locations
- Savings on fuel purchases at Shell
- No setup, monthly, or annual fees
- Useful financial management tools
- Rewards limited to Shell and Jiffy Lube
- Expensive to carry a balance
Annual Fee
$150
20.99%
Gas - Marriott Bonvoy
gas-marriott-bonvoy
Marriott Bonvoy Business American Express Card
- 6x points on Marriott Bonvoy hotel purchases
- 4x points on select categories including gas stations
- 75,000 point welcome bonus
- Annual free hotel night
- Complimentary Marriott Bonvoy Gold Elite status
- Rewards less valuable for non-Marriott hotel stays
- Moderate annual fee
Annual Fee
18.49%–24.49% (variable)
Gas - Chase
gas-chase
Chase Ink Business Cash Credit Card
- 5% cashback on categories including office supply stores, internet, cable TV
- 2% cashback on gas stations and restaurants
- 1% cashback on all other purchases
- Sign-up bonus of $750 bonus cashback
- Free employee cards
- Generous rewards
- Includes rental car insurance
- Cap on 5% and 2% cash back categories
- Foreign transaction fees
Annual Fee
APR
$0
18.49%–28.49%
Gas - Bank of America
gas-bank-of-america
Bank of America Business Advantage Customized Cash Rewards Credit Card
- 3% cashback in the rewards category of your choice, including gas stations and EV charging
- 2% cashback on dining
- 1% cashback on all other purchases
- $300 welcome bonus offer
- Flexible cashback redemption options
- Cardholders with a Bank of America checking account can earn up to 75% more rewards
- Foreign transaction fees
- 9 months 0% intro APR period is shorter than competing cards
- 0% intro APR doesn’t apply to balance transfers
Annual Fee
APR
$0
19.24%–28.24%
Gas - U.S. Bank
gas-u-s-bank
U.S. Bank Business Triple Cash Rewards World Elite Mastercard
- 3% cashback on categories including gas stations/EV charging stations
- 5% cashback on prepaid hotels and car rentals
- 1% cashback on all other purchases
- 0% intro APR for 15 billing cycles
- $100 annual statement credit for SaaS subscriptions
- Intro APR applied to purchases and balance transfers
- Generous rewards with no cap
- Lacks benefits outside of cashback rewards
- Requires high credit score
Annual Fee
$0
N/A
No PG - Brex
no-pg-brex
Brex Card
- Corporate card designed for venture-backed or mid-market companies
- Functions as a charge card, requiring daily or monthly balance payments, with no option to carry a balance from month to month
- Points-based rewards with different points per purchase category
- Includes expense management features and Mastercard benefits
- No personal guarantee or credit check required to qualify
- Flexible rewards system with up to 8x points on certain categories
- No annual or account fees
- Limited to specific business types (C-corp, S-corp, LLC, and LLPs) with equity investors, substantial annual revenue, or a significant number of employees
- Top rewards require an exclusivity agreement with Brex
- New users must pay off their balance daily
Annual Fee
$0
N/A
No PG Bill Divvy
no-pg-bill-divvy
BILL Divvy Corporate Card
- Corporate card available to registered businesses with an EIN number and U.S. business bank account
- Comes with expense management software
- Points-based rewards with bonus points in different categories
- Requires only a soft credit check, so it won't temporarily affect your credit score
- Doesn't require a hard credit check or personal guarantee
- Lower capital requirement of $20,000
- No annual fee
- Requires a soft credit check
- Fair credit is needed to qualify
- To earn rewards, you have to use 30% of your credit line in a given month
- Foreign transaction fees
Annual Fee
$195
19.49%–27.49%
High Credit Limit - Chase Ink Premier Preferred
high-credit-limit-chase-ink-premier-preferred
Chase Ink Business Premier Preferred Credit Card
- Business credit card with travel and purchase protections
- Card comes with a $10,000 minimum credit limit, with the opportunity to raise it
- 2% to 2.5% cashback rewards on purchases
- Free employee cards with custom spending limits
- Welcome bonus of $1000 if you meet spending requirements
- No foreign transaction fees
- "Flex for Business" provides payment flexibility on eligible purchases
- High annual fee
- Requires significant initial spend to unlock the sign-up bonus
- Limited expense management features compared to specialized cards
Annual Fee
APR
$95
21.24%–26.24%
High Credit Limit - Chase Ink Business Preferred
high-credit-limit-chase-ink-business-preferred
Chase Ink Business Preferred Credit Card
- Card comes with $5,000 minimum credit limit
- Points-based rewards with flexible redemption options, including cash back
- Offers 3x points on purchases in eligible spending categories like shipping, advertising, internet services, and travel bookings
- Welcome bonus of 100,000 points
- Unlimited employee cards
- Ability to transfer your rewards points to partner programs
- $95 annual fee
- Must spend $15,000 within the first three months of account opening to earn welcome offer
- Rewards program includes categories and limits that make it more complicated to earn maximum rewards
- No spend management capabilities beyond account alerts
Annual Fee
APR
$150
0%
High Credit Limit - Capital One Spark 2% Cash Plus
high-credit-limit-capital-one-spark-2-cash-plus
Capital One Spark 2% Cash Plus
- Business charge card that requires full monthly balance payments
- Designed for larger, higher-spending businesses
- Carrying a balance incurs a 2.99% fee
- 2% cashback rewards on purchases
- Unlimited cashback rewards
- 0% interest when used as intended
- $1,000 early spending bonus
- 2.99% monthly fee to carry a balance
- Must spend $50,000 in your first six months to access to $1,000 bonus cash
- Must spend $200,000 per year to access the $200 annual cash bonus
- Limited spending management features
Annual Fee
APR
$39
25.99% (variable)
High Credit Limit - FNB Secured Mastercard
first-national-bank-business-edition-secured-mastercard
Business Edition® Secured Mastercard® Credit Card
- Secured credit card that requires a security deposit, which becomes the account’s line of credit
- You can choose your own credit limit
- Offers interest on your security deposit
- Designed to help build business credit through responsible use
- Improve your business credit report quickly when you use the card responsibly
- Low annual fee compared to other secured credit cards
- Choose your own credit limit
- Earn interest on your security deposit
- Access instant rebates with over 40,000 retailers
- Your security deposit must be 110% of the credit limit you choose. So, if you want a $50,000 credit limit, you’ll need to make a $55,000 security deposit
- Although the annual fee is relatively low, you’ll still have to pay just to have the card
- Doesn’t come with any spending management features
Annual Fee
$695
15.74%–23.74%
High Credit Limit - American Express Business Platinum Card
high-credit-limit-american-express-business-platinum
American Express Business Platinum Card
- Travel rewards credit card focused on international travel
- Provides 5x membership rewards on flights and prepaid hotels booked through American Express Travel
- Additional rewards on eligible purchases
- The card comes with a $695 annual fee and 0% introductory APR, followed by a high variable APR
- 5x points on flights and prepaid hotels via Amex Travel
- 1.5x points on select business purchases and large purchases
- Complimentary Marriott Bonvoy Gold Elite and Hilton Honors Gold Status
- Access to travel perks and airport lounges
- No foreign transaction fees
- High annual fee of $695
- You must spend $15,000 in the first three months of card membership to qualify for the sign-up bonus
- The rewards program is relatively complex, so it may be difficult for some users to get the most out of the rewards program
- Benefits primarily focused on travel, less so on other business expenses
Annual Fee
APR
$0
28.49% (variable)
Fair Credit - Bank of America Secured
fair-credit-bank-of-america-secured
Bank of America Business Advantage Unlimited Cash Rewards Secured Credit Card
- Secured credit card designed to help businesses build credit
- Only a soft credit check is required
- Offers 1.5% cashback rewards on purchases
- Flexible cashback redemption options
- Offers the opportunity to transition to an unsecured credit card after a history of responsible use
- No annual fee
- High APR and 4% balance transfer fees
- Requires a minimum security deposit of $1000
- Limited spend management features
Annual Fee
$0
17.74%-35.99% (variable)
Fair Credit - Capital On Tap
fair-credit-capital-on-tap
Capital on Tap Business Credit Card
- Business credit card designed for small businesses
- Offers 1% cashback rewards on purchases
- Unlimited free employee cards with custom spending controls
- No foreign transaction fees or ATM fees
- No annual fee
- Only requires a soft credit check and a FICO score of 670 or higher
- High APR if you carry a balance
- A personal guarantee is required
- Not available to sole proprietors, charities, nonprofits, trusts, or clubs
Annual Fee
$0
N/A
Fair Credit - Brex
fair-credit-brex
Brex Card
- Corporate card designed for venture-backed or mid-market companies
- Functions as a charge card, requiring daily or monthly balance payments, with no option to carry a balance from month to month
- Points-based rewards with different points per purchase category
- Includes expense management features and Mastercard benefits
- No personal guarantee or credit check required for eligibility
- Flexible rewards system with up to 8x points on certain categories
- No annual or account fees
- Limited to specific business types (C-corp, S-corp, LLC, and LLPs) with equity investors, substantial annual revenue, or a significant number of employees
- Top rewards require an exclusivity agreement with Brex
- New users must pay off their balance daily
Annual Fee
$0
N/A
Fair Credit - Bill Divvy
fair-credit-bill-divvy
BILL Divvy Corporate Card
- Corporate card available to registered businesses with an EIN number and U.S. business bank account
- Comes with expense management software
- Points-based rewards with bonus points in different categories
- Requires only a soft credit check, so it won't temporarily affect your credit score
- Doesn't require a hard credit check
- No minimum credit score requirements
- Lower capital requirement of $20,000
- No annual fee
- Requires a soft credit check
- To earn rewards, you have to use 30% of your credit line in a given month
- Foreign transaction fees
Annual Fee
$0
30.74% (variable)
Fair Credit - Capital One Spark Classic for Business
capital-one-spark-classic-for-business
Capital One Spark Classic for Business
- Business credit card designed for small business owners with fair credit or a limited credit history
- 1% cashback rewards on purchases
- Free employee cards
- Offers the ability to choose your own payment due date
- No foreign transaction fees
- No annual fee
- Can help build credit if used responsibly
- High APR if you carry a balance
- No intro offers
Annual Fee
$35
25.64% (variable)
No Credit Check OpenSky
no-credit-check-opensky
OpenSky Secured Visa Credit Card
- Secured credit card that requires a refundable security deposit
- The security deposit acts as the credit line
- No bank account or credit check is required to qualify
- Money can be funded through online banking, money order, or Western Union
- Doesn't require a credit check for approval
- Reports to the credit bureaus to help build your credit score
- Access to credit education and financial management tools
- Annual fee required
- Higher interest rates compared to some other cards
- No rewards program or cashback incentives
- Limited benefits beyond credit building
Annual Fee
$0
N/A
No Credit Check Bill Divvy
no-credit-check-bill-divvy
BILL Divvy Corporate Card
- Corporate card available to registered businesses with an EIN number and U.S. business bank account
- Comes with expense management software
- Points-based rewards with bonus points in different categories
- Requires only a soft credit check, so it won't temporarily affect your credit score
- Doesn't require a hard credit check
- Lower capital requirement of $20,000
- No annual fee
- Requires a soft credit check
- Fair credit is needed to qualify
- To earn rewards, you have to use 30% of your credit line in a given month
- Foreign transaction fees
Annual Fee
$0
N/A
No Credit Check - Brex
no-credit-check-brex
Brex Card
- Corporate card designed for venture-backed or mid-market companies
- Functions as a charge card, requiring daily or monthly balance payments, with no option to carry a balance from month to month
- Points-based rewards with different points per purchase category
- Includes expense management features and Mastercard benefits
- Flexible rewards system with up to 8x points on certain categories
- No annual or account fees
- No personal guarantee or credit check required for eligibility
- Limited to specific business types (C-corp, S-corp, LLC, and LLPs) with equity investors, substantial annual revenue, or a significant number of employees
- Top rewards require an exclusivity agreement with Brex
- New users must pay off their balance daily
Annual Fee
$375
19.49%–27.49%
Charge Card - American Express Business Gold Card
charge-card-american-express-business-gold-card
American Express Business Gold Card
- Business credit card with the option to pay in full or carry a balance, with different APR rates for each option
- Points-based membership rewards
- Employee cards available for $50 each
- Requires a good to excellent credit score to qualify
- Welcome bonus of 70,000 points if you spend $5000
- Flexible payment options
- Up to 55 days with no interest
- High annual fee
- Default 30% APR rate
- No airport lounge access or travel emergency medical coverage
Annual Fee
APR
$150
N/A
Charge Card - Capital One Spark Cash Plus Business Card
charge-card-capital-one-spark-cash-plus-business-card
Capital One Spark Cash Plus Business Card
- Charge card with customizable spending controls
- 2% cashback rewards on purchases
- Unlimited free physical and virtual employee cards
- Balance is due each month with a minimum payment requirement
- Requires a good to excellent credit score to qualify
- Welcome bonus of $3000 if you spend $100,000 in the first 6 months
- Rewards don’t expire
- No foreign transaction fees
- High annual fee
- 2.99% late payment fees
- Offers fewer expense management features than some cards
Annual Fee
APR
$0
18.49%–28.49%
Bank of America Secured Credit Card - Startups
bank-of-america-secured-credit-card-startups
Bank of America Business Advantage Unlimited Cash Rewards Secured Credit Card
The Bank of America® Business Advantage Unlimited Cash Rewards Secured Credit Card is designed for small business owners looking to build or rebuild their credit. As a secured credit card, it requires a refundable security deposit, which acts as a line of credit. It offers 1.5% cash back, without any caps or category restrictions.
The card carries no annual fee and has a variable APR, typically ranging from 18.49% to 28.49%. This card is suitable for businesses with limited or poor credit that still want to earn rewards on their spending. Additional features include fraud protection, overdraft protection, and online and mobile banking.
Annual Fee
APR
$95 ($0 for the first year)
19.24%–29.99%
American Express Blue Cash Preferred - Startups
american-express-blue-cash-preferred-startups
American Express Blue Cash Preferred Card
The American Express Blue Cash Preferred® Card is meant for businesses that spend significantly on groceries and gas. It offers a cash-back rewards rate of 6% at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) and 3% cash back at U.S. gas stations. It also includes 3% cash back on transit, including taxis/rideshare, parking, trains, and buses. Other purchases earn 1% cash back.
This card comes with an annual fee of $95, which is waived for the first year, and a variable APR typically ranging from 19.24% to 29.99%. It also includes car rental loss and damage insurance, as well as return protection.
Annual Fee
APR
$95
21.24%–26.24%
Chase Ink Business Preferred Card - Startups
chase-ink-business-preferred-card-startups
Chase Ink Business Preferred Credit Card
The Chase Ink Business Preferred Credit Card is suited for businesses with frequent travel needs or those that spend the most in categories like shipping, internet, cable, phone services, and advertising. It offers 3 rewards points per $1 spent in these categories (up to $150,000 in combined purchases each account anniversary year) and 1 point per $1 on all other purchases.
The card carries an annual fee of $95 and a variable APR typically ranging from 121.24% to 26.24%. Additional features include travel insurance, extended warranty protection, and cell phone protection.
Annual Fee
APR
$0
30.74%
Capital One Spark 1% Classic Credit Card - Startups
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Capital One Spark 1% Classic Credit Card
The Capital One Spark 1% Classic Credit Card is tailored for small businesses, particularly those with fair credit that are aiming to build or improve their credit history. This card offers a 1% cashback on all purchases, without any limits or specific categories.
There's no annual fee, making it a cost-effective option for small business owners. The card's APR is 30.74% variable rate. It also includes benefits like free employee cards, fraud coverage, and year-end summaries, which can be valuable for managing business finances and monitoring expenses.
Annual Fee
$95
21.24%–26.24%
Chase Ink Business Preferred Card
chase-ink-business-preferred-card
Chase Ink Business Preferred Card
- Focused on rewarding travel, shipping, advertising, and other business expenses
- Features a sign-up bonus of 100,000 points after spending $8,000 in the first 3 months
- Points can be redeemed for 25% more value through Chase Ultimate Rewards for travel
- Annual fee of $95 with no introductory APR
- Earns 3x points on travel, shipping, internet, cable, phone services, and advertising on up to $150,000 in combined purchases annually
- All other purchases earn 1 point per dollar
- High rewards rate in specified business categories
- Significant sign-up bonus, albeit with a high spending requirement
- Points are more valuable when redeemed through Chase Ultimate Rewards
- Added protections like trip insurance and cell phone coverage
- High spending threshold to earn the welcome bonus
- Annual fee
- The higher rewards rate is limited to the first $150,000 in combined category spending
Annual Fee
$125
20.99%
Marriott Bonvoy Business American Express Card
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Marriott Bonvoy Business American Express Card
- Ideal for businesses that frequently stay at Marriott Bonvoy hotels during travel
- Offers substantial rewards for hotel-related purchases, and additional benefits for dining, gas, and mobile phone services
- Features a moderate annual fee, ideal for frequent guests at Marriott Bonvoy properties
- Earns 6x points on Marriott Bonvoy hotel purchases
- Earns 4x points on U.S. restaurant, gas station, wireless telephone services, and shipping purchases
- All other eligible purchases earn 2x points
- Includes a welcome offer of 3 Free Night Awards after you spend $6,000 in the first 6 months, with each night valued up to 50,000 points
- Provides a free night award annually, complimentary Marriott Bonvoy Gold Elite status, and 15 Elite Night Credits annually
- High rewards rate at Marriott Bonvoy hotels
- Additional rewards categories beneficial for common business expenses
- Annual free night award adds value for frequent travelers
- Complimentary Marriott Bonvoy Gold Elite status enhances the hotel experience
- Focus on Marriott Bonvoy limits flexibility in hotel choices
- Moderate annual fee
- Rewards less valuable for non-Marriott hotel stays
- Higher APR can be costly if balances are carried over
Annual Fee
$650
20.99%–29.99%
Delta SkyMiles Reserve Business American Express Card
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Delta SkyMiles Reserve Business American Express Card
- Ideal for business travelers who fly with Delta Airlines
- Offers travel perks specifically for Delta, including Medallion Qualification Miles
- Earns 3x miles on Delta purchases and 1.5x miles in specific categories after $150,000 annual spend
- Includes a welcome bonus of 75,000 miles after spending $10,000 in the first 3 months
- Offers Medallion Qualification Miles boosts, priority boarding, and baggage insurance
- Cardholders will receive 15 visits per year to the Delta Sky Club starting February 1, 2025, with the possibility of unlimited visits if $75,000 is spent annually starting in 2024
- Additional benefits include a $240 Resy Credit, $120 Rideshare Credit, up to $250 Delta Stays Statement Credit, and Hertz President's Circle Status
- High earning potential on Delta purchases
- Valuable travel benefits with Delta, including lounge access and priority boarding
- No foreign transaction fees
- High annual fee
- Benefits and rewards are primarily limited to Delta Airlines
- Requires a significant amount of spending to unlock full benefits
- Not ideal for businesses that use multiple airlines
Annual Fee
$0
18.49%–28.49%
Bank of America Business Advantage Travel Rewards World Mastercard - Travel
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Bank of America Business Advantage Travel Rewards World Mastercard
- Budget-friendly business travel rewards card
- Provides unlimited 1.5x points on all purchases
- Offers 3x points on travel booked through the Bank of America Travel Center
- No annual fee
- Features a 0% introductory APR for the first 9 months, followed by a variable APR rate
- Includes a welcome offer of 30,000 bonus points after meeting the spending requirement within the first 90 days
- Business Platinum Honors Tier cardholders can earn up to 75% more points
- No annual fee
- Additional points for travel booked through the Bank of America Travel Center
- Extra rewards for existing Bank of America accounts
- Requires excellent credit for approval
- Relatively low sign-up bonus compared to some competitors
- Higher-end of APR range can be costly if balances are carried
Annual Fee
$695
19.49%–28.49%
American Express Business Platinum Card - travel business credit cards
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American Express Business Platinum Card
- American Express Business Platinum Card is ideal for businesses who travelinternationally
- Earns 5x membership rewards on flights and prepaid hotels booked via American Express Travel
- Additional rewards on other eligible purchases
- Features a $695 annual fee
- 5x points on flights and prepaid hotels via Amex Travel
- 1.5x points on select business purchases and large purchases
- Complimentary Marriott Bonvoy Gold Elite and Hilton Honors Gold Status
- Access to travel perks and airport lounges
- No foreign transaction fees
- High annual fee of $695
- Complex rewards structure
- Requires good to excellent credit to qualify
- Benefits primarily focused on travel, less so on other business expenses
Annual Fee
Intro APR
Regular APR
Rewards
$0
0%
18.49%–28.49%
1% to 3% cash back on purchases
Bank of America Business Advantage Customized Cash Rewards Credit Card 0 apr
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Bank of America Business Advantage Customized Cash Rewards Credit Card
The card is fairly standard. The lack of bonus features and rewards spending cap don’t make this card a standout option for big spenders.
- 3% cashback in the rewards category of your choice (choose from gas stations, office supply stores, travel, TV, telecom, wireless, computer services and business consulting services) default category is gas stations
- 2% cashback on dining purchases (Earn 3% and 2% cashback in the combined choice category and dining purchases up to $50,000)
- Unlimited 1% cashback on all other purchases
- Cardholders with a Bank of America checking account can earn up to 75% more rewards
- Foreign transaction fee makes it difficult to take this card overseas
- 9 months 0% intro APR period is shorter than competing cards
- 0% Intro APR doesn’t apply to balance transfers
Annual Fee
Intro APR
Regular APR
Rewards
$0
0%
21.24%–29.24%
1.5% cash back on purchases
Capital One Spark Cash Select for Business 0 APR
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Capital One Spark Cash Select for Business
Businesses that spend lots of time in the air will enjoy the travel cashback opportunities with this card. But while the 0% APR intro period is 12 months, you might find yourself struggling to keep up with payments once the higher regular APR kicks in each month.
- 1.5% cashback rewards on purchases
- 5% cashback on hotels and rental cars booked through Capital One Travel
- Free employee cards
- Ability to set up spend control limits for employee cards
- No foreign transaction fees
- Lacks variety of bonus rewards categories
- 0% intro APR doesn’t apply to balance transfers
Annual Fee
Intro APR
Regular APR
Rewards
$0
0%
18.49%–24.49%
1.5% cash back on purchases
Chase Ink Business Unlimited Credit Card 0 APR
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Chase Ink Business Unlimited Credit Card
Chase’s Ink Business Unlimited Credit Card is a no-frills 0% APR credit card. With a flat rate of 1.5% cashback on every business purchase, you earn cash whether you’re spending money on office supplies, gas, or business outings. However, if the majority of your business takes place overseas, this isn’t the card for you. High foreign transaction fees make it a pain to travel internationally.
- Unlimited 1.5% cashback on all business purchases
- Rewards never expire
- Welcome bonus if you spend enough in the first 3 months of account opening
- No bonus reward categories
- Not the best card for balance transfers
Annual Fee
Intro APR
Regular APR
Rewards
$0
0%
19.24%–28.24%
1% to 3% cash back on purchases
U.S. Bank Business Triple Cash Rewards World Elite Mastercard 0 APR
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U.S. Bank Business Triple Cash Rewards World Elite Mastercard
U.S Bank’s Business Triple Cash Rewards World Elite Mastercard comes with no annual fee, 0% APR for 15 billing cycles, and 3% cashback on select purchases. However, when stacked up against other 0% APR business cards, it leaves a lot to be desired in rewards.
- Intro APR applied to purchases and balance transfers
- Earn 3% cashback on eligible purchases at gas stations/EV charging stations, restaurants, cell phone service providers, and office supply stores
- 1% cashback on all other business purchases
- No limit on cashback earned
- Lacks benefits outside of cashback rewards
- Requires high credit score for lackluster rewards
Annual Fee
$0
18.49%–24.49%
Capital One Spark Cash Select for Business - how to get a business credit card for llc
capital-one-spark-cash-select-for-business-how-to-get-a-business-credit-card-for-llc
Capital One Spark Cash Select for Business
The Capital One Spark Cash Select for Business offers 1.5% cashback on all purchases. There are two versions of the card: one for excellent credit, offering a $500 cash bonus after spending $4,500 in the first three months, and another for good or excellent credit, which features a 0% intro APR for 12 months. The card also includes Visa Business Benefits, including free employee cards, fraud coverage and alerts, and account management tools.
- 1.5% cash-back on all purchases
- No annual fees
- Access to business-grade protection and account management tools
- Visa Business Benefits
- Higher APR for the good credit version compared to the excellent credit version
- The welcome offer varies based on creditworthiness
Annual Fee
$0
19.24%–28.24%
U.S. Bank Business Triple Cash Rewards World Elite Mastercard® - how to get a business credit card for llc
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U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
The U.S. Bank Business Triple Cash Rewards World Elite Mastercard® comes with a cashback rewards system, offering between 1% to 5% on eligible purchases. However, not all purchase categories qualify for rewards. The card comes with an introductory 0% APR period followed by a high variable APR. It has no annual fee and an annual $100 statement credit for recurring software subscription expenses.
- Bonus cash-back categories
- No annual fees
- Introductory APR period on purchases and balance transfers
- Requires good/excellent credit
- Cash-back rewards program is difficult to navigate
Annual Fee
$0
18.49%–24.49%
Chase Ink Business Unlimited Credit Card - how to get a business credit card for llc
chase-ink-business-unlimited-credit-card-how-to-get-a-business-credit-card-for-llc
Chase Ink Business Unlimited Credit Card
The Chase Ink Business Unlimited Credit Card comes with a straightforward rewards structure and minimal fees. This card offers a flat cash-back rate of 1.5% and includes perks such as free employee cards, travel and purchase protections, and an introductory 0% APR period on purchases for the first 12 months. The card offers a welcome bonus of $750 if you spend $6,000 in the first three months after account opening.
- 1.5% cashback rate
- Welcome bonus if you spend enough in the first three months
- Free employee cards
- Requires good to excellent credit, which might be a barrier for some businesses
- Primarily beneficial for U.S.-based businesses, limiting international appeal
- Less expense management features than corporate cards
Annual Fee
$375
19.49%–27.49%
American Express Business Gold Card - how to get a business credit card for llc
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American Express Business Gold Card
The American Express Business Gold Card is a premium credit card tailored for LLCs and businesses that prioritize earning rewards in their high-spend categories. This card adapts to your spending habits, automatically earning you 4X points in the two categories where your business spends the most each billing cycle (from a select list), on the first $150,000 in combined purchases each calendar year. The card comes with some expense management features and the ability to add employee cards for $50 each.
- Variety of rewards redemption options
- Option to add employee cards for $50 each
- No foreign transaction fees
- High annual fee
- Rewards benefits are capped after a certain spending limit
- Limited to U.S.-based businesses
- Focus on certain spending categories may not align with all business expenditure patterns
- Requires good to excellent credit
Annual Fee
$0
N/A
Brex - how to get a business credit card for llc
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Brex Card
Brex is a corporate card designed for venture-backed or mid-market companies. It functions as a charge card, requiring daily or monthly balance payments, with no option to carry a balance from month to month. The card has a points-based rewards system with different points per purchase category. The card also includes expense management features and Mastercard benefits.
- Flexible rewards system with up to 8x points on certain categories
- No annual or account fees
- No personal guarantee or credit check required for eligibility
- Limited to specific business types (C-corp, S-corp, LLC, and LLPs) with equity investors, substantial annual revenue, or a significant number of employees
- Top rewards require an exclusivity agreement with Brex
- New users must pay off their balance daily
N/A
19.49%–27.49% variable
$375
Required
American Express Business Gold Card
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American Express Business Gold Card
N/A
21.24–29.99% variable
$99 annual fee
Required
CitiBusiness / AAdvantage Platinum Select World Elite Mastercard
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CitiBusiness / AAdvantage Platinum Select World Elite Mastercard
N/A
20.99%–26.99% variable
$150 annual fee
Required
Marriott Bonvoy Business American Express Card
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Marriott Bonvoy Business American Express Card
N/A
0% intro APR, then 18.49%–28.49% variable
No annual fee
Required
Bank of America Business Advantage Customized Cash Rewards Credit Card
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Bank of America Business Advantage Customized Cash Rewards Credit Card
N/A
0% intro APR, then 19.24%–28.24% variable
No annual fee
Required
U.S. Bank Business Triple Cash Rewards World Elite Mastercard
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U.S. Bank Business Triple Cash Rewards World Elite Mastercard
N/A
23%–26% variable
No annual fee
No
Shell Small Business Card
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Shell Small Business Card
Annual Fee
$0 with a paid Costco membership
20.49% (variable)
Required
Costco Anywhere Visa Business Card by Citi
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Costco Anywhere Visa Business Card by Citi
- 4% cash back on eligible gas and EV charging, up to $7,000 per year, then 1%
- 2% cash back on all other purchases from Costco
- 1% cash back on all other purchases
- No foreign transaction fees and worldwide car rental insurance
- Purchase protection and travel emergency assistance
- Acts as a Costco membership ID
- High cash back on gas and Costco purchases
- Extensive travel and purchase protections
- Cash back redemption only available annually
- Requires Costco membership to qualify and use
N/A
N/A
$150 annual fee
Required
Capital One Spark Cash Plus Business Card
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Capital One Spark Cash Plus Business Card
N/A
0% intro APR, then 18.49%–28.49% variable
No annual fee
Required
Bank of America® Business Advantage Travel Rewards World Mastercard®
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Bank of America® Business Advantage Travel Rewards World Mastercard®
- Offers a 0% introductory APR on purchases for the first 9 billing cycles
- After the introductory period, the APR ranges from 18.49% to 28.49% variable
- No annual fee is required
- Earns 3 points per dollar on travel booked through the Bank of America Travel Center
- Earns 1.5 points per dollar on all other purchases
- Provides a sign-up bonus of 30,000 bonus points after spending $3,000 in the first 90 days
- 0% introductory APR on purchases for the first 9 billing cycles allows for interest-free spending initially
- No annual fee
- Earns 3 points per dollar on travel booked through Bank of America Travel Center, enhancing reward potential for frequent travelers
- High variable APR after the introductory period, ranging up to 28.49%, can be costly if balances are carried over
- Rewards program heavily favors travel spending, which may not suit businesses with diverse spending needs
- Sign-up bonus requires spending $3,000 in the first 90 days, which may be steep for some small businesses
N/A
0% intro APR, then 18.49%–24.49% variable
No annual fee
Required
Chase Ink Business Unlimited® Credit Card
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Chase Ink Business Unlimited® Credit Card
- Offers a 0% introductory APR on purchases for 12 months, then a variable APR of 18.49% to 24.49%
- There is no annual fee for this card
- Cardholders earn unlimited 1.5% cash back on all purchases
- Benefits include purchase protection, extended warranty, and auto rental collision damage waiver
- No foreign transaction fees are applied to international purchases
- Employee cards can be added at no extra cost, with individual spending limits available
- Earns cash back on every purchase without category restrictions
- Includes valuable purchase protection and extended warranty benefits
- Allows for easy management of employee spending
- High APR after the introductory period
- Cash back rate may not compete with specialized category cards for specific expenses
- Lacks travel perks like airport lounge access or free checked bags which are common in other business cards
N/A
0% intro APR, then 18.49%–24.49% variable
No annual fee
Required
American Express Blue Business Cash™ Card
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American Express Blue Business Cash™ Card
- Offers a 0% introductory APR on purchases for 12 months, then a variable APR of 18.49% to 24.49%
- There is no annual fee for this card
- Cardholders earn unlimited 1.5% cash back on all purchases
- Benefits include purchase protection, extended warranty, and auto rental collision damage waiver
- No foreign transaction fees are applied to international purchases
- Employee cards can be added at no extra cost, with individual spending limits available
- Earns cash back on every purchase without category restrictions
- Includes valuable purchase protection and extended warranty benefits
- Allows for easy management of employee spending
- High APR after the introductory period
- Cash back rate may not compete with specialized category cards for specific expenses
- Lacks travel perks like airport lounge access or free checked bags which are common in other business cards
N/A
0% intro APR, then 18.49%–24.49% variable
No annual fee
Required
Chase Ink Business Cash Credit Card
chase-ink-business-cash-credit-card
Chase Ink Business Cash Credit Card
- 0% introductory APR on purchases for the first 12 months, then a variable rate of 18.49%–24.49%
- No annual fee
- Personal guarantee required
- Earns 5% cash back on office supply stores and on internet, cable, and phone services on the first $25,000 spent in combined purchases each year
- 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each year
- 1% cash back on all other purchases with no limit
- Offers 5% cash back on office supplies and telecom services
- Provides 0% APR for the first 12 months
- No annual fee
- Cash back rewards capped at $25,000 annually in bonus categories
- Charges a 3% foreign transaction fee
- Variable APR up to 24.49% after introductory period
N/A
18.49%–24.49% variable
No annual fee
Required
Capital One Spark 1.5% Cash Select
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Capital One Spark 1.5% Cash Select
N/A
21.24%–26.24% variable
$95 annual fee
Required
Ink Business Preferred® Credit Card
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Ink Business Preferred® Credit Card
N/A
18.49%–24.49% variable
No annual fee
Required
Capital One Spark Cash Select for Excellent Credit
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Capital One Spark Cash Select for Excellent Credit
- Offers unlimited 1.5% cash back on every purchase
- No annual fee
- Provides a $750 cash bonus after spending $6,000 in the first 3 months
- APR ranges from 18.49% to 24.49% variable after any introductory offer
- No foreign transaction fees
- Includes benefits like free employee cards, year-end summaries, and downloadable purchase records
- Simple flat cash back rate on all purchases
- No annual fee
- Generous welcome bonus of $750 after meeting the spending requirement of $6,000 within the first three months
- Lacks bonus categories which might limit potential rewards for specific spending
- High-end of APR range could be costly if carrying a balance
- Rewards structure may not be as competitive for businesses with high spending in specific categories
