If you’re navigating the vast sea of business credit cards, you’ve landed on the right shore. Our experts have meticulously sifted through the options, answering your credit card queries and delivering unbiased product reviews.
In this guide, we break down the best business credit cards for January 2024, ensuring you’re equipped to make an informed choice that aligns with your spending style, rewards preferences, and financial goals.
American Express Blue Business Cash™ Card: Where Cash Back Meets Simplicity
Let’s kick off our journey with the American Express Blue Business Cash™ Card – a powerhouse in the realm of flat-rate cash back with no annual fees. We’ve scrutinized its features and perks to give you the lowdown.
The Highlights:
- Unbeatable Cash Back: Earn 2% cash back on all eligible purchases within the first $50,000 per calendar year, followed by 1% thereafter.
- Introductory APR Offer: Benefit from an introductory 0% APR period, providing a financial breather for new cardholders.
- No Annual Fee: Enjoy the perks without the burden of an annual fee.
What the Experts Love:
The straightforward 2% cash back on all purchases up to $50,000 annually is hard to beat. Plus, the intro APR offer adds an extra layer of appeal.
What the Experts Don’t Love:
While the ongoing cash-back rate is competitive, the card currently lacks a welcome bonus – a factor worth considering.
Ink Business Preferred® Credit Card – The Crown Jewel in Chase’s Arsenal
Next on our list is the Ink Business Preferred® Credit Card – a gem for earning valuable rewards points through the Chase Ultimate Rewards® program.
The Key Features:
- Generous Welcome Bonus: A substantial welcome bonus awaits, with the potential to earn 100,000 points after spending $8,000 in the first three months.
- Chase Ultimate Rewards Points: The card earns Chase Ultimate Rewards points, ensuring flexibility in redeeming for cash back, travel, or transferring to loyalty partners.
- Bonus Categories: Earn 3x points on up to $150,000 spent annually in select business categories.
What the Experts Love:
The allure of a significant welcome bonus, coupled with the flexibility of Chase Ultimate Rewards points, makes this card a standout choice.
What the Experts Don’t Love:
For smaller businesses, the high spending requirement to unlock the welcome bonus might pose a challenge.
Also Read: Car Insurance Rates Are Skyrocketing in 2024
The Business Platinum Card® from American Express – A Premium Experience for Business Travelers
For those seeking the epitome of premium travel perks, The Business Platinum Card® from American Express is a name that resonates.
Salient Features:
- Elevated Earning Categories: Newly added 1.5x earning categories on eligible purchases at U.S. construction material suppliers, electronic goods retailers, and more.
- 5x Amex Membership Rewards: Earn 5x points on airfare and prepaid hotels when booked through American Express Travel.
- Annual Statement Credits: Enjoy statement credits for wireless, Indeed, Adobe purchases, and Dell**.
What the Experts Love:
The wealth of travel perks, 5x points on airfare and hotels, and the added bonus categories make this card a luxury travel companion.
What the Experts Don’t Love:
The high annual fee and substantial minimum spending requirement for the welcome bonus may deter some users.
The Blue Business® Plus Credit Card from American Express – Travel Rewards Minus the Annual Fee
When it comes to travel rewards without the burden of an annual fee, The Blue Business® Plus Credit Card from American Express stands out.
Key Points:
- 2x Points on Business Spending: Earn 2 points per dollar on the first $50,000 spent annually, providing a solid 3.6% return based on our points and miles valuations.
- No Annual Fee: Enjoy travel rewards without the cost of an annual fee.
- Introductory Bonus Offer: Explore the ongoing introductory bonus offer that adds extra value.
What the Experts Love:
A rare find in the world of points-earning business cards, offering substantial rewards with no annual fee.
What the Experts Don’t Love:
While the ongoing rewards are impressive, the welcome bonus might pale in comparison to other cards.
Capital One Spark Miles Select for Business† – Elevating Miles Without the Annual Fee
For businesses aiming for flat-rate miles without the burden of an annual fee, the Capital One Spark Miles Select for Business† steals the spotlight.
Prominent Features:
- Enhanced Welcome Bonus: The recent boost in the welcome bonus adds value for new cardholders.
- 1.5 Miles per Dollar: Earn 1.5 miles per dollar on all purchases (excluding specific categories).
- No Foreign Transaction Fees: Travel with ease and save on foreign transaction fees.
What the Experts Love:
A strong welcome bonus, coupled with solid ongoing rewards, makes this card an attractive choice for businesses focusing on travel.
What the Experts Don’t Love:
Compared to other travel credit cards, it may lack some of the bells and whistles in terms of benefits.
Ink Business Unlimited® Credit Card – Simplicity Meets Reward Maximization
If you’re a fan of simplicity and maximizing cash back, the Ink Business Unlimited® Credit Card offers a straightforward approach.
Noteworthy Attributes:
- Generous Cash Back: Earn unlimited 1.5% cash back on all purchases, providing a reliable return on business spending.
- Ultimate Rewards Points: Despite being marketed as “cash back,” the card earns valuable Chase Ultimate Rewards points, adding flexibility to your rewards strategy.
- Introductory APR: Benefit from an introductory 0% APR on purchases, providing financial flexibility.
What the Experts Love:
The simplicity of unlimited 1.5% cash back, combined with the potential to earn Chase Ultimate Rewards points, makes this card versatile.
What the Experts Don’t Love:
While it offers solid rewards, maximizing its potential may require pairing it with other Chase cards.
American Express® Business Gold Card – A Golden Opportunity for Rewards
For those seeking a rewarding alternative to The Business Platinum Card® from American Express, the American Express® Business Gold Card offers a compelling proposition.
Standout Features:
- 4x Points on Business Spending: Earn 4x points on select business spending categories, catering to diverse business needs.
- Flexible Redemption Options: Redeem points for a range of options, including travel, advertising, and more.
- Welcome Offer: A significant welcome offer awaits new cardholders.
What the Experts Love:
The high earning potential in select categories, coupled with a substantial welcome offer, positions this card as a top contender.
What the Experts Don’t Love:
The absence of a statement credit to offset the annual fee may be a drawback for some users.
Ink Business Cash® Credit Card – Navigating Bonus Categories with Ease
If your business spends heavily in specific categories, the Ink Business Cash® Credit Card is a savvy choice for navigating the world of bonus categories.
Key Highlights:
- Lucrative Bonus Categories: Earn 5% cash back on office supply stores, internet, cable, and restaurants, among other categories.
- Introductory APR Offer: Enjoy an introductory 0% APR on purchases for the initial period.
- No Annual Fee: Access bonus category rewards without the burden of an annual fee.
What the Experts Love:
The lucrative bonus categories, combined with no annual fee, make this card a strategic choice for businesses with targeted spending.
What the Experts Don’t Love:
For businesses with diverse spending patterns, the bonus categories may not align with their primary expenses.
Conclusion
Choosing the right business credit card involves a careful evaluation of your business’s spending patterns, preferences, and financial goals. Our comprehensive guide aims to equip you with the knowledge needed to make an informed decision. Whether you prioritize cash back, travel rewards, or a mix of both, these top business credit cards for January 2024 offer a diverse range of options to elevate your business financial strategy.
