5 best corporate credit cards of September 2024

Corporate credit cards are financial tools designed for businesses, not individuals. They allow companies to manage expenses, track spending, and often earn rewards on business purchases. Unlike personal credit cards, these are usually tied to the company rather than an individual's credit score.

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In this article, we'll look at the 5 best corporate credit cards available in July 2024. We've considered factors like rewards programs, expense management features, and overall value for different types of businesses. Whether you're a small startup or a large corporation, one of these cards could help streamline your finances and potentially save you money.

Best corporate credit cards

Here's a quick overview of our picks for the 5 best corporate credit cards:

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1. Ramp Corporate Card
2. American Express Business Platinum Card
3. Capital One Spark Cash Plus
4. Chase Ink Business Cash Credit Card
5. Bank of America Business Advantage Unlimited Cash Rewards Mastercard

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More about the best corporate credit cards of July 2024

Best overall corporate card: Ramp Corporate Card

The Ramp corporate card is designed to help businesses save money and time by providing spend controls, easy expense submission, and real-time savings insights.

Rewards

Ramp offers cashback rewards and perks that can provide 5% savings. Customers can access over $350,000 in partner rewards and discounts from various service providers.

Welcome bonus

None

Annual fees

None

Other benefits:

Ramp offers significant benefits like unlimited cards, customizable controls, automated expense management, cost-cutting features, and integration with accounting software, potentially saving businesses time and money. 

Best for premium travel perks: American Express Business Platinum Card

The Business Platinum Card is a premium business credit card designed for high-spending business owners who frequently travel.

Rewards

Earn 5X points on flights and prepaid hotels booked through AmexTravel.com, 1.5X points on eligible purchases in key business categories and on purchases of $5,000 or more, and 1X points on all other eligible purchases.

Welcome bonus

Earn 250,000 Membership Rewards points after spending $20,000 on eligible purchases in the first 3 months of Card Membership.

Annual fees

$695

Other benefits:

The card offers over $1,000 in annual statement credits for various business services and travel perks. Cardholders also get access to airport lounges worldwide and elite status with Marriott and Hilton hotel programs. However, the high annual fee may be a drawback for some businesses, with the rewards structure favoring frequent travelers and high spenders.

Best for cash back: Capital One Spark Cash Plus

The Capital One Spark 2% Cash Plus is a business charge card that offers unlimited 2% cash back on every purchase with no preset spending limit.

Rewards

Earn unlimited 2% cash back on all purchases, everywhere, with no limits or category restrictions. Plus, earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel.

Welcome bonus

Earn a one-time cash bonus of $1,200 once you spend $30,000 on purchases in the first 3 months.

Annual fees

$150 (waived if you spend $150,000 or more annually)

Other benefits:

The card offers no foreign transaction fees, roadside assistance, free employee cards, year-end summaries, and the ability to download purchase records into various formats. However, it is a charge card, meaning the balance must be paid in full every month or a 2.99% late fee applies to the outstanding balance. 

Best for office supplies: Chase Ink Business Cash Credit Card

The Chase Ink Business Cash credit card is designed for businesses to earn cash back rewards on various business purchases with no annual fee.

Rewards

Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases with no limit.

Welcome bonus

Earn $350 when you spend $3,000 on purchases in the first 3 months after account opening. Plus, earn an additional $400 when you spend a total of $6,000 on purchases in the first 6 months, for a total potential bonus of $750 (equivalent to 75,000 points). 

Annual fees

$0

Other benefits:

The card offers valuable benefits like employee cards at no additional cost, 5% cash back on Lyft rides through March 2025, purchase protection, extended warranty protection, and travel coverages. However, bonus cash back earning is capped at $25,000 in combined purchases for the 5% and 2% categories each account anniversary year. The card also has a 3% foreign transaction fee, so it's not ideal for international business purchases. 

Best for flexible rewards: Bank of America Business Advantage Unlimited Cash Rewards Mastercard

The Bank of America Business Advantage Unlimited Cash Rewards Mastercard credit card offers unlimited 1.5% cash back on all purchases for businesses with no annual fee.

Rewards

Earn unlimited 1.5% cash back on all purchases with no annual cap and rewards don't expire as long as your account remains open. You can earn up to 75% more cash back on every purchase (up to 2.62% cash back) if you have a Bank of America business checking account and qualify for the Preferred Rewards for Business program.

Welcome bonus

Get a $300 online statement credit bonus after you make at least $3,000 in purchases in the first 90 days of your account opening.

Annual fees

None

Other benefits:

The card offers a 0% introductory APR on purchases for the first 9 billing cycles (then a variable APR of 18.49% to 28.49% applies), cash flow management tools, online and mobile access, travel and emergency services, and zero liability protection. However, balance transfers, cash advances and foreign transactions incur fees. 

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Can you use a corporate credit card for personal use? 

It's generally not recommended to use a corporate credit card for personal expenses. Doing so can violate company policies, complicate expense reporting, and potentially lead to disciplinary action or legal issues.

What is the difference between a personal credit card and a corporate credit card? 

Personal credit cards are issued to individuals and tied to their personal credit, while corporate credit cards are issued to employees for business expenses and tied to the company's credit. Corporate cards often have higher limits, different rewards structures, and are subject to company policies and oversight.

Ramp: The best corporate card out there

Ramp stands out as the premier corporate card solution, offering a unique combination of powerful features and user-friendly design. With no annual fees, unlimited physical and virtual cards, and customizable spending controls, Ramp empowers businesses to manage expenses efficiently while maximizing savings.

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Beyond just a payment tool, Ramp's integrated expense management platform automates tedious tasks, provides real-time spending insights, and seamlessly integrates with popular accounting software. This comprehensive approach saves time, reduces errors, and allows finance teams to focus on strategic initiatives rather than manual data entry.

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For businesses seeking a modern financial solution that delivers both control and flexibility, Ramp is the clear choice.