If you’re seeking a business credit card to optimize rewards on business expenses, it’s challenging to surpass cash for its straightforwardness and adaptability. Discovering the appropriate cash-back business card for your company constitutes a prudent financial decision. Moreover, the most exceptional cash-back business cards might present additional advantageous attributes, such as introductory APR periods, complimentary employee cards, and tools for financial management.
The suitable and best cash back business credit cards for another company might not align with the ideal card for your enterprise, given that each individual’s spending behaviors are distinct. Nonetheless, our compilation of top-notch cash-back business credit cards serves as an excellent point of origin.
We conducted a comprehensive review of diverse cash-back business credit cards from various issuers, meticulously selecting the absolute finest available in the market. Below, you’ll find our choices.
Remember to contrast these cards with those on our list of premier business credit cards to assess them beyond the confines of this specific compilation. Although an extensive array of cards exists, our list might not encompass the optimal card for your distinctive needs as a business proprietor.
Ink Business Cash® Credit Card
The Ink Business Cash® Credit Card is a well-rounded option for small business owners, providing valuable benefits without an annual fee. With a decent welcome bonus and competitive reward earnings, it’s a solid choice for many businesses.
Annual Fee: No annual fee.
Rewards: This card offers tiered cashback rewards – 5% cash back on office supplies, internet, cable, and phone services up to $25,000 per year, 2% cash back on gas stations and restaurants up to $25,000 per year, and 1% cash back on all other purchases.
Welcome Bonus: Earn $750 cash back after spending $6,000 on purchases within the first three months.
Foreign Transaction Fees: 3% for transactions in U.S. dollars.
Other Benefits: Enjoy features like zero fraud liability, free employee cards, auto rental collision damage waiver, trip cancellation and interruption insurance, travel and emergency assistance services, roadside dispatch, purchase protection, and extended warranty protection.
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
The Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card offers tailored cashback rewards, catering to specific business needs. Preferred Rewards for Business customers can benefit from enhanced rewards, making it a standout among cash-back business cards.
Annual Fee: No annual fee.
Rewards: Customize rewards with 3% cash back in a chosen category, 2% on dining, and 1% on other purchases. Earn 3% and 2% on the first $50,000 in category/dining purchases each year.
Welcome Bonus: Get a $300 statement credit after spending $3,000 in the first 90 days.
Foreign Transaction Fees: 3% for U.S. dollar transactions.
Additional Benefits: Access travel accident and auto rental damage insurance, emergency ticket replacement, lost luggage assistance, D&B business credit score monitoring, and more. Preferred Rewards members can earn up to 75% extra rewards.
Amazon Prime Business American Express Card
The Amazon Prime Business American Express Card is a rewarding choice for businesses using Amazon, AWS, and Whole Foods. Its competitive cash-back rate and extra perks make it appealing beyond just purchases.
Annual Fee: No annual fee.
Rewards: Earn 5% back on eligible purchases at Amazon-related stores, 2% at restaurants and gas stations, and 1% on other purchases.
Welcome Bonus: Receive a $125 Amazon.com gift card upon approval.
Foreign Transaction Fees: None.
Other Benefits: Enjoy payment terms, enhanced data views, Amazon Shop with Points, QuickBooks integration, and more. The card also offers baggage insurance, car rental coverage, extended warranty, and purchase protection.
The American Express Blue Business Cash™ Card
The American Express Blue Business Cash™ Card offers a straightforward flat-rate cashback program, making it an attractive option for business owners valuing simplicity.
Annual Fee: No annual fee.
Rewards: Earn 2% cash back on eligible purchases, up to $50,000 per year.
Welcome Bonus: No welcome bonus offered.
Foreign Transaction Fees: 2.7% after currency conversion.
Additional Benefits: Benefit from car rental and extended warranty protection, the Global Assist® Hotline, Vendor Pay by Bill.com, and purchase protection.
Ink Business Unlimited® Credit Card
The Ink Business Unlimited® Credit Card provides consistent 1.5% cash back on all purchases. Its redeemable rewards through Chase Ultimate Rewards® enhance its appeal.
Annual Fee: No annual fee.
Rewards: Earn 1.5% cash back on purchases.
Welcome Bonus: Get $750 cash back after spending $6,000 in the first three months.
Foreign Transaction Fee: 3% for U.S. dollar transactions.
Additional Benefits: Enjoy free employee cards, purchase protection, extended warranty, auto rental coverage, and roadside dispatch.
U.S Bank Triple Cash Rewards Visa® Business Card
The U.S. Bank Triple Cash Rewards Visa® Business Card offers competitive rewards for various business expenses, along with an introductory APR and convenient benefits.
Annual Fee: No annual fee.
Rewards: Earn cash back on various categories, including travel, gas stations, office supplies, and restaurants.
Welcome Bonus: Earn $500 in cash back after spending $4,500 within the first 150 days.
Foreign Transaction Fees: 3% for foreign transactions.
Additional Benefits: Benefit from a $100 statement credit for software subscription expenses, online tracking tool, and access to the Real-Time Rewards program.
Capital One Spark Cash Plus
The Capital One Spark Cash Plus is tailored for high-expense, high-revenue businesses. Its flat cash-back rate and flexibility make it suitable for substantial spending.
Annual Fee: $150.
Rewards: Earn 2% cash back on all purchases and 5% on hotel and rental car bookings through Capital One Travel.
Welcome Bonus: Receive a $1,200 cash bonus after spending $30,000 in the first three months.
Foreign Transaction Fees: Refer to terms.
Additional Benefits: Benefit from virtual card numbers, Capital One Travel access, extended warranty, free employee cards, and an annual fee refund.
World of Hyatt Business Credit Card
The World of Hyatt Business Credit Card offers valuable perks and rewards for hotel stays within the Hyatt program.
Rewards: Earn points at Hyatt hotels, selected spending categories, and fitness club memberships.
Welcome Offer: Earn 60,000 bonus points after spending $5,000 within the first 3 months.
Annual Fee: $199
Other Benefits: Enjoy a $100 rebate on Hyatt purchases, 10% points back for spending $50,000 annually, and travel and purchase protections.
Brex 30 Card
The Brex 30 Card is a unique option for businesses with substantial assets, offering high rewards and no personal guarantee.
Rewards: Earn points on rideshare, travel, restaurants, software, and other purchases.
Welcome Offer: Earn 30,000 or 50,000 points after meeting spending requirements.
Annual Fee: $0
Additional Benefits: The card doesn’t require a personal guarantee and offers a pay-in-full approach.
United Club℠ Business card
The United Club℠ Business card provides valuable lounge access and United perks, making it appealing for frequent travelers.
Rewards: Earn miles on United purchases and other expenses.
Welcome Offer: Get 50,000 bonus miles after spending $5,000 within the first 3 months.
Annual Fee: $450
Additional Benefits: Enjoy Premier Access, free checked bags, in-flight discounts, Avis President’s Club membership, and travel protections.
What is a cash back corporate card?
A cash-back corporate card offers a way for business proprietors to earn cash rebates when they make purchases using the card. The amount of cash back granted can vary depending on the specific card, but as a general guideline, corporate credit cards that offer cash back typically yield between 1% and 5% cash back for expenditures in categories such as office supplies and communication services like cable or telephone providers.
“Cash rebate cards don’t always provide the best ‘value for money’ when compared to travel and other rewards cards. However, the reality is, if you’re managing a business, having cash on hand is of utmost importance. Opting for what your business needs and what provides the highest degree of flexibility is often the wisest decision, regardless of the mathematical calculations. Nowadays, for many enterprises aiming to minimize or avoid debt, having the cash to support and expand a business is the ultimate perk,” according to Bobbi Rebell, CFP®, Founder of Financial Wellness Strategies and author of Launching Financial Grownups.
Advantages and disadvantages of cash back corporate cards
Cash-back corporate cards present various benefits for businesses and their proprietors. The primary advantage, as expected, is the opportunity to earn cash back from business-related transactions. In addition to this, corporate credit cards often come with supplementary advantages and perks such as travel or purchase safeguards, as well as extended warranty benefits. These cards might also offer initial APRs or substantial introductory bonuses.
Another significant advantage of corporate credit cards in comparison to personal credit cards is the ability to distinctly separate business finances from personal finances, primarily for the purpose of safeguarding against liability. For tax and legal reasons, demonstrating the separation of business and personal finances can be highly advantageous. Hence, having a dedicated account with a separate ledger of business dealings is a prudent choice in the long term.
As a general rule, your business credit cards will not have an impact on your personal credit, as long as your account remains in good standing. This can be advantageous if your business tends to have high utilization and you wish to avoid affecting your personal credit score. However, it’s important to note that certain business cards report all activities to your personal credit report, and any late payments, regardless of the card, can negatively impact your personal score due to poor financial behavior.
Additionally, be cautious as cash-back corporate cards, akin to personal credit cards, often have higher interest rates compared to other types of borrowing. Therefore, it’s vital not to rely on corporate credit cards for extended financing needs. Instead, view them as a convenient tool to manage cash flow, streamline record-keeping, and capitalize on any perks or benefits your card offers, rather than a source of loans. It’s advisable to settle your bill promptly and in full each month.
Who should consider acquiring a cash back corporate card?
Cash-back corporate cards are most suitable for individuals who frequently make business-related transactions using a credit card. Business owners, entrepreneurs, and freelancers can all derive advantages from utilizing cash-back corporate cards, both in terms of rewards and supplementary perks.
For instance, introductory APRs can aid in financing equipment acquisitions or other significant expenses, as long as the business has a responsible plan in place to clear any balances before the introductory period concludes. Welcome bonuses can also provide a substantial rewards boost when covering a cluster of expenses within a relatively short timeframe.
If your business is newly established and hasn’t yet generated revenue to report, some issuers might permit you to furnish an estimated revenue figure based on your anticipated earnings. However, it’s essential to maintain honesty and refrain from inflating your estimate or falsely claiming to have a business if you do not.
How to obtain a cash-back corporate card
Applying for a cash-back corporate card is a relatively straightforward process and closely mirrors the procedure for applying for a personal credit card. To initiate the application, you’ll need to submit your request through a credit card issuer, either online or via telephone. Mailing in applications is also possible, although it will generally result in a lengthier processing period.
During the application process, you’ll be required to provide information such as your business’s name, address, and income details. Small business credit cards typically necessitate a personal guarantee as well. This implies that the business owner will employ their personal credit to apply for the card and vouch that even if the business faces difficulties, the owner remains accountable for any outstanding balance.
