Best business credit cards for medspas

Running a successful medspa involves unique financial challenges that require tailored solutions. Finding the best business credit cards for medspas can equip you with essential expense management tools, relevant rewards programs, and features that streamline your financial operations—enhancing the growth and efficiency of your practice.

What are the best business credit cards for medspa owners?

Choosing the right business credit card is key to simplifying expenses, maximizing rewards, and optimizing cash flow. Here are the top business credit cards designed to meet the needs of medspa owners.

Ramp Business Credit Card

Ramp provides an all-in-one financial platform that combines corporate cards, expense tracking, bill payments, and accounting tools within an intuitive interface.
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Key benefits for medspa owners:

• Automated expense management: Save time with automatic expense categorization, eliminating manual bookkeeping.
• Customizable spending controls: Maintain control by setting spending limits for each employee card.
• Real-time financial insights: Access up-to-date financial data instantly.
• No fees: Enjoy no annual fees, transaction fees, or foreign transaction fees.
• Global support: Operate internationally in over 195 countries with support for more than 40 currencies.
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With Ramp, medspa owners can streamline their financial operations, allowing them to focus on providing excellent client care. Trusted by thousands of users, Ramp has a high satisfaction rating of 4.8 stars from over 2,000 reviews, making it a preferred choice among businesses.

American Express Blue Business Cash™ Card

The American Express Blue Business Cash™ Card offers cash back on business purchases.
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Features:

• 2% cash back on eligible purchases up to $50,000 per year, then 1% thereafter.
• No annual fee.
• 0% introductory APR on purchases for 12 months.
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Some common drawbacks include the cap on the 2% cash back rate after $50,000 in spending, which may limit rewards for businesses with higher annual expenses.

Chase Ink Business Unlimited® Credit Card

The Chase Ink Business Unlimited® Credit Card provides a flat-rate cash back on all purchases.
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Features:

• 1.5% cash back on all purchases with no limit.
• $900 bonus cash back after spending $6,000 in the first three months.
• No annual fee.
• 0% introductory APR on purchases for 12 months.
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A potential drawback is that the flat cash back rate may be lower compared to other cards that offer higher rewards in specific spending categories.

Capital One Spark Cash Plus

The Capital One Spark Cash Plus offers unlimited cash back for business expenses.
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Features:

• Unlimited 2% cash back on all purchases.
• No preset spending limit.
• $1,000 cash bonus after meeting spending thresholds within six months.
• No foreign transaction fees.
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It's important to note that this card has an annual fee of $150, which may affect budgeting considerations. Additionally, as a charge card, the full balance is due each month, requiring careful cash flow management.

U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

This card provides higher cash back rates in certain spending categories.
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Features:

• 3% cash back on purchases at gas stations, office supply stores, cell phone service providers, and restaurants.
• 5% cash back on prepaid hotels and car rentals booked through the U.S. Bank Travel Rewards Center.
• $500 cash back bonus after spending $4,500 within 150 days.
• No annual fee.
• 0% introductory APR on purchases and balance transfers for 15 billing cycles.
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A consideration is that the bonus categories may not align with all business expenses, potentially limiting the overall rewards earned.

Bank of America® Business Advantage Unlimited Cash Rewards Mastercard®

The Bank of America® Business Advantage card offers a straightforward cash back program.
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Features:

• 1.5% cash back on all purchases.
• No annual fee.
• 0% introductory APR on purchases for nine billing cycles.
• Preferred Rewards bonus: Eligible customers can receive a 25% to 75% rewards bonus.
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One drawback is that obtaining the higher rewards bonus requires maintaining substantial balances in Bank of America accounts, which may not be feasible for all businesses.

At Ramp, transparency and integrity are core values guiding our content. We believe in the exceptional value of our products, which may shape our perspective. Our methodical approach involves competitor analysis, comparison of credit cards, and frequent reviews to maintain reliability. Review our full methodology for choosing the best business credit cards.

How to choose the best business credit card for your medspa

What credit card features are most beneficial for a medspa?

As a medspa owner, look for credit card features that align with your business needs. Rewards for purchases in categories like medical supplies, office supplies, marketing, and technology can be highly beneficial. Additionally, cards that offer robust expense management tools, employee cards with customizable spending limits, and integration with accounting software can streamline your financial operations.

Can a business credit card help manage my medspa's cash flow?

Yes, a business credit card can be a valuable tool for managing cash flow. Cards with 0% introductory APR periods can provide short-term financing for significant expenses like new equipment or facility upgrades. Additionally, using a credit card for routine expenses can help consolidate payments and improve cash flow management.

Are there credit cards that offer rewards on medical supply purchases?

While few credit cards offer specific rewards on medical supplies, some cards provide higher rewards rates in general business expense categories that may include medical supply vendors. It may be beneficial to choose a card with high flat-rate cash back or rewards on office supplies, which could encompass some of your purchases.

How can employee credit cards benefit my medspa?

Issuing employee credit cards to trusted staff members can streamline purchasing processes and help you accumulate rewards faster. Features like individual spending limits and real-time transaction tracking give you control and oversight over employee expenses, enhancing security and accountability.

Should I choose a card with cash back or travel rewards for my medspa?

Consider your medspa's spending habits and needs. If you frequently travel for industry conferences or training, a card with travel rewards could provide significant benefits. However, if your primary expenses are operational, a cash back card may offer more versatile rewards that can be reinvested into your business.

Support your medspa's financial growth with the Ramp Business Credit Card

Choosing the right business credit card is essential for managing and expanding your medspa efficiently. By aligning your financial tools with your business needs, you can maximize rewards and streamline operations. Take the next step toward improving your finances by requesting a demo or signing up with Ramp today.