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5 best business credit cards with cashback in December 2024
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Cashback business credit cards allow you to earn some extra cash with every purchase you make. While the cashback won’t be much for individual purchases, the rewards can quickly add up.
For instance, if you get 1% cashback and accrue $50,000 worth of business expenses, you'll end up with $500 in cash back. While no one would turn down an extra $500, you can make more than that with the best cash back business credit cards.
Cashback isn’t the only perk. Some business credit cards have additional perks on top of cash back that make them hard to ignore. This guide will unveil some of the best business credit cards with cashback rewards.
Best cashback business credit cards
- Ramp Business Credit Card
- Capital One Spark 2% Cash Plus
- American Express Blue Business Cash Card
- Bank of America Business Advantage Unlimited Cash Rewards Mastercard
- Chase Ink Business Unlimited Credit Card
What is a cashback business credit card?
A cashback business credit card gives you money for every purchase you make, typically in the form of statement credit. While some cards prioritize travel rewards, cash rewards cards prioritize money that you can use to trim your credit card debt or deploy into your business.
These cards have additional perks to help them stand out, such as elevated cashback in specific categories, no annual fees, and 0% intro APR promotions. Some card issuers charge annual fees for card membership but offer better cash rewards. You might also find cards with low balance transfer fees.
Knowing what you want from a credit card and how much time you want to spend looking at individual spending categories can help you decide which card is right for you.
How to redeem cashback rewards
Each credit card issuer has a different user experience and platform. You will have to log into your provider's portal to redeem cashback rewards. You can access your credit card account on your computer or through the issuer's mobile app. Some providers allow you to choose between different redemption options, such as cash, gift cards, and other perks.
Are cashback rewards taxable?
Cashback rewards are not treated as income. Therefore, they are not taxed. The IRS treats cashback rewards as discounts or rebates instead of income.
Earn cashback rewards with the Ramp Business Credit Card
The Ramp Business Credit Card offers cashback on purchases with no annual fee or late fees. You also won’t have to pay any interest on your Ramp card, and you can get a higher credit limit compared to a traditional business credit card.
Ramp also provides spending insights that help you stay on top of your business expenses and how employees use their corporate cards. You can learn more about Ramp and see how it works by requesting a free demo.
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- Get cashback on purchases
- Provide unlimited physical and virtual employee card
- Access more than $350,000 in deals from various partner
- Use automated software for expense management
- View vendor information and pricing on a single dashboard
- Automate accounts payable
- No fees or interest
- Cashback rewards on purchases
- Built-in expense management software
- No personal guarantee or credit check required
- Must be a registered business to qualify
- Must have most of your business spend in the US
- 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
- Offers $150 statement credit to cover annual fee
- 0% interest when used as intended
- $1,200 early spending bonus
- 2.99% monthly fee to carry a balance
- Must spend $30,000 in your first 3 months to access $1,200 bonus cash
- Must spend $150,000 per year to access the $150 annual cash bonus
- Limited spend management features
- 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
- Simple, straightforward rewards structure with unlimited 1.5% cash back on all purchases
- Get a $300 online statement credit bonus after making at least $3,000 in purchases within the first 90 days of account opening
- Introductory 0% APR on purchases for the first 9 billing cycles, followed by a variable APR of 18.49% to 28.49%
- No annual fee, making it a cost-effective option for businesses
- Overdraft protection through Balance Connect, which can help prevent declined purchases or returned checks
- Potential to earn up to 2.62% cash back on all purchases if you qualify for the highest tier of the Preferred Rewards for Business program
- Comprehensive travel and emergency services, including travel accident insurance, auto rental insurance, and lost luggage assistance
- Free access to your business credit scores from Dun & Bradstreet
- Balance transfer fee of 4% of the amount of each transaction, which can add up if transferring a large balance
- Cash advance APR of 29.49%
- Foreign transaction fee of 3%
- No bonus earning categories
- 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
