There are two types of business credit card: corporate credit cards for large businesses and small business credit cards. Corporate cards are generally easy to understand, but small business credit cards can be confusing.
Probably the most important thing to understand about small business credit cards is that in almost all cases the person who applies for the card will be taking on the credit risk personally. In other words, if you own a small business and apply for a business credit card, anything you do with that card goes on your personal history, and if you default on the card the debt is on your personal record.
That said, below are most of the current options for corporate credit cards and small business credit cards:
SMALL BUSINESS CREDIT CARDS:
American Express SimplyCash Business Credit Card – Simple cash back business card credits your earnings to your account each month, so no redemption is necessary down the line. Earn 5% cash back at U.S. office supply stores and wireless phone services, 3% back in one spending category of your choice, and 1% back on all other purchases.
CitiBusiness ThankYou Card – Business credit card with a points program. Earn a point for every dollar you spend with the card, plus you can earn 3 points per dollar on purchases in certain business categories — these 3-point business categories change quarterly. Points can be used toward travel and other rewards.
Bank of America Cash Rewards for Business MasterCard – Get 3% back on gas and office supply purchases, 2% cash back on restaurant purchases, and 1% back on all other purchases.
Ink Cash Business Card from Chase – Cash rewards business credit card offers 5% cash back on the first $25,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services, as well as 2% cash back on the first $25,000 spent annually at gas stations and restaurants, and 1% cash back on everything else you buy with the card.
Capital One Spark Select Visa Business Credit Card – Basic small business credit card offers an interest rate as low as 10.9% and a 1-mile-per-dollar travel reward program.
U.S. Bank Business Edge Cash Rewards Visa – Get a 3% rebate on cellular services, office supply purchases, and gas, and 1% back on everything else.
Wells Fargo Business Platinum Credit Card – Standard no-frills business credit card with an interest rate as low as 10.24%. You can add the optional 1% cash back program but that would add an annual fee of $50.
CORPORATE CREDIT CARDS:
American Express Corporate Cards – For larger companies that want multiple credit cards for use by key employees, American Express has a whole division dedicated to serving you. An array of cards is offered with various benefits and rewards, including travel and baggage insurance, concierge services, travel services, and more. As mentioned above, corporate cards are issued to the company as a whole, so there is not personal liability for the debt, unlike most small business cards. However, getting approved for a corporate business credit card is more difficult and more involved that getting a small business card.
Bank of America Corporate Credit Cards – Bank of America division FIA Card Services offers a range of corporate cards, Click through to see a brief summary of each and to contact a client relationship manager to set up a corporate card program for your company.
Citi Commercial Cards – Offers a corporate credit card program, and emphasizes its ability to issue cards worldwide.
See also: 0% Balance Transfer Credit Cards, Can I get a credit card if I’m self employed?, Cash Rebate Credit Cards