Best Business Credit Cards of May 2022

Some of the card offers on this site are from companies who are advertising clients of U.S. News. Advertising considerations may impact where offers appear on the site but do not affect any editorial decisions, such as which card products we write about and how we evaluate them. Terms apply.

Best Business Credit Cards of May 2022

Some of the card offers on this site are from companies who are advertising clients of U.S. News. Advertising considerations may impact where offers appear on the site but do not affect any editorial decisions, such as which card products we write about and how we evaluate them. Terms apply.

The best business credit cards have rewards, sign-up bonuses and generous benefits. Another perk? These cards can be useful for short-term funding. But like with most things, business credit cards have both pros and cons. Terms apply.

  1. Terms Apply

    Ink Business Cash® Credit Card

    in Business Credit Cards

    Ink Business Cash® Credit Card

    On Chase's Secure Website.

    Top Rewards Rates

    • 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

    • 2%

      Cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year

    • 1%

      Cash back on all other card purchases with no limit to the amount you can earn

    At A Glance

    • Credit Needed

      670-850
      Good to Excellent

    • Annual Fee

      $0

    • Intro Bonus

      $750

    • APR

      13.49% - 19.49% Variable

    On Chase's Secure Website.

    On Chase's Secure Website.

    Rates & Fees

    • Issuer Name

      Chase

    • Credit Needed

      Excellent, Good

    • Annual Fee

      $0

    • APR

      13.49% - 19.49% Variable

    • Penalty APR

      Up to 29.99%

    • Purchases Intro APR

      0% Intro APR on Purchases for 12 months

    • Balance Transfer Fee

      Either $5 or 5% of the amount of each transfer, whichever is greater.

    • Cash Advance Fee

      Either $15 or 5% of the amount of each transaction, whichever is greater.

    • Foreign Transaction Fee

      3% of each transaction in U.S. dollars

    • See all credit card details
  2. Terms Apply

    American Express Blue Business Cash™ Card

    in Business Credit Cards

    American Express Blue Business Cash™ Card

    On American Express' Secure Website.

    Top Rewards Rates

    • 2%

      cash back on all eligible purchases on up to $50,000 per calendar year, then 1%.

    At A Glance

    • Credit Needed

      670-850
      Good to Excellent

    • Annual Fee

      No annual fee

    • Intro Bonus

      earn a $250 statement credit

    • APR

      13.99% - 21.99% Variable

    On American Express' Secure Website.

    On American Express' Secure Website.

    Rates & Fees

    • Issuer Name

      American Express

    • Credit Needed

      Good, Excellent

    • Annual Fee

      No annual fee

    • APR

      13.99% - 21.99% Variable

    • Penalty APR

      29.99% Variable

    • Purchases Intro APR

      0% on purchases for 12 months from date of account opening

    • Foreign Transaction Fee

      2.7% of each transaction after conversion to US dollars.

    • See all credit card details
  3. 2022 Award Winner

    Terms Apply

    Capital One Spark Miles for Business

    in Business Credit Cards

    Capital One Spark Miles for Business

    On Capital One's Secure Website.

    Top Rewards Rates

    • 2X

      miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account

    At A Glance

    • Credit Needed

      670-850
      Good to Excellent

    • Annual Fee

      $0 intro for first year; $95 after that

    • Intro Bonus

      50,000

    • APR

      21.24% (Variable)

    On Capital One's Secure Website.

    On Capital One's Secure Website.

    Rates & Fees

    • Issuer Name

      Capital One

    • Credit Needed

      Excellent, Good

    • Annual Fee

      $0 intro for first year; $95 after that

    • APR

      21.24% (Variable)

    • Penalty APR

      29.65% (Variable)

    • Balance Transfer Fee

      $0 at this Transfer APR

    • Cash Advance Fee

      3% of the amount of the cash advance, but not less than $10

    • Foreign Transaction Fee

      None

    • See all credit card details
  4. Terms Apply

    Ink Business Preferred® Credit Card

    in Business Credit Cards

    Ink Business Preferred® Credit Card

    On Chase's Secure Website.

    Top Rewards Rates

    • 3X

      points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year

    • 1X

      point per $1 on all other purchases—with no limit to the amount you can earn

    At A Glance

    • Credit Needed

      670-850
      Good to Excellent

    • Annual Fee

      $95

    • Intro Bonus

      100k

    • APR

      16.24% - 21.24% Variable

    On Chase's Secure Website.

    On Chase's Secure Website.

    Rates & Fees

    • Issuer Name

      Chase

    • Credit Needed

      Excellent, Good

    • Annual Fee

      $95

    • APR

      16.24% - 21.24% Variable

    • Penalty APR

      Up to 29.99%

    • Balance Transfer Fee

      Either $5 or 5% of the amount of each transfer, whichever is greater.

    • Cash Advance Fee

      Either $15 or 5% of the amount of each transaction, whichever is greater.

    • Foreign Transaction Fee

      $0

    • See all credit card details
  5. Terms Apply

    Delta SkyMiles® Gold Business American Express Card

    in Business Credit Cards

    Delta SkyMiles® Gold Business American Express Card

    On American Express' Secure Website.

    Top Rewards Rates

    • 2

      Miles on every dollar spent on eligible purchases made directly with Delta, on every dollar spent on eligible U.S. purchases for advertising in select media, on every dollar spent on eligible U.S. shipping purchases, on every eligible dollar spent at restaurants.

    • 1

      Mile on every eligible dollar spent on other purchases.

    At A Glance

    • Credit Needed

      670-850
      Good to Excellent

    • Annual Fee

      $0 introductory annual fee for the first year, then $99

    • Intro Bonus

      earn 50,000 Bonus Miles

    • APR

      16.49% - 25.49% Variable

    On American Express' Secure Website.

    On American Express' Secure Website.

    Rates & Fees

    • Issuer Name

      American Express

    • Credit Needed

      Good, Excellent

    • Annual Fee

      $0 introductory annual fee for the first year, then $99

    • APR

      16.49% - 25.49% Variable

    • Penalty APR

      29.99% Variable

    • Cash Advance Fee

      Either $5 or 3% of the amount of each cash advance, whichever is greater.

    • Foreign Transaction Fee

      None

    • See all credit card details
  6. Terms Apply

    American Express® Business Gold Card

    in Business Credit Cards

    American Express® Business Gold Card

    On American Express' Secure Website.

    Top Rewards Rates

    • 4X

      Membership Rewards® points on the 2 select categories where your business spent the most each month

    • 1X

      is earned for other purchases

    • 4X

      points apply to the first $150,000 in combined purchases from these 2 categories each calendar year

    • 25%

      points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year.*

    At A Glance

    • Credit Needed

      670-850
      Good to Excellent

    • Annual Fee

      $295

    • Intro Bonus

      earn 70,000 Membership Rewards® points

    • APR

      14.99% - 22.99% Variable

    On American Express' Secure Website.

    On American Express' Secure Website.

    Rates & Fees

    • Issuer Name

      American Express

    • Credit Needed

      Good, Excellent

    • Annual Fee

      $295

    • APR

      14.99% - 22.99% Variable

    • Penalty APR

      29.99% Variable

    • Foreign Transaction Fee

      None

    • See all credit card details
  7. The Blue Business® Plus Credit Card from American Express

    On American Express' Secure Website.

    Top Rewards Rates

    • 2X

      Membership Rewards® points on everyday business purchases such as office supplies or client dinners

    • 2X

      applies to the first $50,000 in purchases per year, 1 point per dollar thereafter

    At A Glance

    • Credit Needed

      670-850
      Good to Excellent

    • Annual Fee

      No annual fee

    • Intro Bonus

      earn 15,000 Membership Rewards® points

    • APR

      13.99% - 21.99% Variable

    On American Express' Secure Website.

    On American Express' Secure Website.

    Rates & Fees

    • Issuer Name

      American Express

    • Credit Needed

      Good, Excellent

    • Annual Fee

      No annual fee

    • APR

      13.99% - 21.99% Variable

    • Penalty APR

      29.99% Variable

    • Purchases Intro APR

      0% on purchases for 12 months from date of account opening

    • Foreign Transaction Fee

      2.7% of each transaction after conversion to US dollars.

    • See all credit card details
  8. Terms Apply

    The Business Platinum Card® from American Express

    in Business Credit Cards

    The Business Platinum Card® from American Express

    On American Express' Secure Website.

    Top Rewards Rates

    • 5X

      Membership Rewards® points on flights and prepaid hotels on amextravel.com

    • 1.5X

      points on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.

    • 1X

      points for each dollar you spend on eligible purchases.

    At A Glance

    • Credit Needed

      670-850
      Good to Excellent

    • Annual Fee

      $695

    • Intro Bonus

      earn 120,000 Membership Rewards® points

    • APR

      14.99% - 22.99% Variable

    On American Express' Secure Website.

    On American Express' Secure Website.

    Rates & Fees

    • Issuer Name

      American Express

    • Credit Needed

      Good, Excellent

    • Annual Fee

      $695

    • APR

      14.99% - 22.99% Variable

    • Penalty APR

      29.99% Variable

    • Purchases Intro APR

      See Pay Over Time APR for See Pay Over Time APR

    • Foreign Transaction Fee

      None

    • See all credit card details
  9. Terms Apply

    United℠ Business Card

    in Business Credit Cards

    United℠ Business Card

    On Chase's Secure Website.

    Top Rewards Rates

    • 2X

      Miles per $1 spent on United purchases

    • 2X

      Miles per $1 spent on dining

    • 2X

      Miles per $1 spent at gas stations

    • 2X

      Miles per $1 spent at office supply stores

    • 2X

      Miles per $1 spent on local transit and commuting

    • 1X

      Mile per $1 spent on all other purchases

    At A Glance

    • Credit Needed

      670-850
      Good to Excellent

    • Annual Fee

      $0 intro annual fee for the first year, then $99

    • Intro Bonus

      75,000

    • APR

      16.74% - 23.74% Variable

    On Chase's Secure Website.

    On Chase's Secure Website.

    Rates & Fees

    • Issuer Name

      Chase

    • Credit Needed

      Good, Excellent

    • Annual Fee

      $0 intro annual fee for the first year, then $99

    • APR

      16.74% - 23.74% Variable

    • Penalty APR

      Up to 29.99%

    • Balance Transfer Fee

      Either $5 or 5% of the amount of each transfer, whichever is greater.

    • Cash Advance Fee

      Either $15 or 5% of the amount of each transaction, whichever is greater.

    • Foreign Transaction Fee

      $0

    • See all credit card details
  10. Terms Apply

    Amazon Business Prime American Express Card

    in Business Credit Cards

    Amazon Business Prime American Express Card

    The information for the Amazon Business Prime American Express Card has been collected independently by U.S. News and the card is not currently available on the site. The information has not been reviewed or provided by the card issuer and it is accurate as of the date posted.

    Top Rewards Rates

    • 5%

      Back or 90 days to pay interest free on U.S. purchases at Amazon Business, AWS, Amazon.com and Whole Foods Market with an eligible Prime membership. (5% back applies to the first $120,000 in qualifying purchases each year, then 1%)

    • 2%

      Back at U.S. restaurants, U.S. gas stations, and on wireless telephone services purchased directly from U.S. service providers

    • 1%

      Back on other purchases

    At A Glance

    • Annual Fee

      $0

    • Intro Bonus

      New Amazon Business Prime American Express Card holders receive a $125 Amazon gift card upon approval

    • APR

      14.99% - 22.99% based on your creditworthiness

    The information for the Amazon Business Prime American Express Card has been collected independently by U.S. News and the card is not currently available on the site. The information has not been reviewed or provided by the card issuer and it is accurate as of the date posted.

    The information for the Amazon Business Prime American Express Card has been collected independently by U.S. News and the card is not currently available on the site. The information has not been reviewed or provided by the card issuer and it is accurate as of the date posted.

    Rates & Fees

    • Issuer Name

      American Express

    • Annual Fee

      $0

    • APR

      14.99% - 22.99% based on your creditworthiness

    • Penalty APR

      29.24%

    • Cash Advance Fee

      Either $5 or 3% of the amount of each cash advance, whichever is greater

    • Foreign Transaction Fee

      None

    • See all credit card details

See all of our credit cards here.

Best Business Credit Cards Compared

Credit Card

Rewards Rate

Intro Bonus

Annual Fee

APR

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

2% Cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year

1% Cash back on all other card purchases with no limit to the amount you can earn

$750 Cash

$0

13.49% - 19.49% Variable

2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%.

earn a $250 statement credit

No annual fee

13.99% - 21.99% Variable

2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account

50,000 miles - equal to $500 in travel -

$0 intro for first year; $95 after that

21.24% (Variable)

3X points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year

1X point per $1 on all other purchases—with no limit to the amount you can earn

100k bonus points

$95

16.24% - 21.24% Variable

2 Miles on every dollar spent on eligible purchases made directly with Delta, on every dollar spent on eligible U.S. purchases for advertising in select media, on every dollar spent on eligible U.S. shipping purchases, on every eligible dollar spent at restaurants.

1 Mile on every eligible dollar spent on other purchases.

earn 50,000 Bonus Miles

$0 introductory annual fee for the first year, then $99

16.49% - 25.49% Variable

4X Membership Rewards® points on the 2 select categories where your business spent the most each month

1X is earned for other purchases

4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year

25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year.*

earn 70,000 Membership Rewards® points

$295

14.99% - 22.99% Variable

2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners

2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter

earn 15,000 Membership Rewards® points

No annual fee

13.99% - 21.99% Variable

5X Membership Rewards® points on flights and prepaid hotels on amextravel.com

1.5X points on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.

1X points for each dollar you spend on eligible purchases.

earn 120,000 Membership Rewards® points

$695

14.99% - 22.99% Variable

2X Miles per $1 spent on United purchases

2X Miles per $1 spent on dining

2X Miles per $1 spent at gas stations

2X Miles per $1 spent at office supply stores

2X Miles per $1 spent on local transit and commuting

1X Mile per $1 spent on all other purchases

75,000 bonus miles

$0 intro annual fee for the first year, then $99

16.74% - 23.74% Variable

5% Back or 90 days to pay interest free on U.S. purchases at Amazon Business, AWS, Amazon.com and Whole Foods Market with an eligible Prime membership. (5% back applies to the first $120,000 in qualifying purchases each year, then 1%)

2% Back at U.S. restaurants, U.S. gas stations, and on wireless telephone services purchased directly from U.S. service providers

1% Back on other purchases

N/A

$0

14.99% - 22.99% based on your creditworthiness

Summary of the Best Business Credit Cards This Month

Ink Business Cash® Credit Card

Why this is one of the best business credit cards: This card rewards you with cash back for everyday spending, including 5% back on the first $25,000 in combined purchases annually at office supply stores and on internet, cable and phone services. With no annual fee, the card is a solid option for businesses that want to earn cash rewards for essential business expenditures. See our full review.

American Express Blue Business Cash™ Card

Why this is one of the best business credit cards: This card, which charges no annual fee, could appeal to business owners who want a simple way to earn and redeem cash rewards. Cardholders earn 2% cash back on the first $50,000 in purchases each year and then 1% cash back. Cash back is automatically redeemed as a statement credit (See Rates & Fees). See our full review.

Capital One Spark Miles for Business

Why this is one of the best business credit cards: The Capital One Spark Miles for Business card earns 5 miles per dollar on hotel and rental car bookings through the Capital One travel portal and 2 miles per dollar on all other purchases. This business travel credit card offers new cardholders 50,000 bonus miles when they spend $4,500 on the card within the first three months. Card benefits include auto rental collision damage waiver coverage and travel and emergency assistance. Pay no annual fee the first year and $95 thereafter. See our full review.

Ink Business Preferred® Credit Card

Why this is one of the best business credit cards: This card features not only an impressive introductory bonus for eligible new users but also competitive travel rewards. You can earn 3 points per dollar on up to $150,000 in purchases in travel and select business categories annually and redeem them for travel through the Chase Ultimate Rewards portal for 25% more value. The card charges a $95 annual fee but no foreign transaction fees. See our full review.

Delta SkyMiles® Gold Business American Express Card

Why this is one of the best business credit cards: This card offers miles on both Delta purchases and everyday business spending. When you charge Delta purchases, you earn 2 miles per dollar and get the same number of miles for eligible U.S. advertising, U.S. shipping and restaurant purchases. Spend $10,000 a year with your card and get a $100 Delta credit, plus free checked bags and priority boarding on every Delta flight. The card charges a $0 introductory annual fee for the first year, then $99 (See Rates & Fees). See our full review.

American Express® Business Gold Card

Why this is one of the best business credit cards: The American Express Business Gold Card offers four points per dollar spent in categories that matter to your business, such as airfare, shipping and advertising. Earn 70,000 points after you spend $10,000 on eligible card purchases in the first three months. Use the Pay Over Time feature to pay eligible purchases in full each month-or pay over time with interest. See our full review.

The Blue Business® Plus Credit Card from American Express

Why this is one of the best business credit cards: The Blue Business Plus Credit Card from American Express earns two points per dollar on the first $50,000 spent annually and one per dollar after that. There is no annual fee, and the card has a 0% intro APR on purchases for the first 12 months from the date of account opening, then a variable rate, 13.99% - 21.99%, based on your creditworthiness and other factors at account opening. Earn 15,000 points after spending $3,000 in eligible purchases within the first three months of opening an account. See our full review.

The Business Platinum Card® from American Express

Why this is one of the best business cards: The Business Platinum Card from American Express is a top-shelf travel rewards option for businesses. Along with the rewards program, the card provides some generous travel perks, such as up to a $200 airline fee credit, Global Lounge Collection access and 35% of your points back (up to 500,000 bonus points per calendar year) when you redeem them for qualifying flights through amextravel (See Rates & Fees). See our full review.

United℠ Business Card

Why this is one of the best business credit cards: Frequent flyers can earn 2 miles per dollar on United Airlines and for restaurant, gas station, office supply store, local transit and commuting purchases; all other purchases earn 1 mile per dollar. New cardholders will earn 75,000 bonus miles after you spend $5,000 on purchases in the first three months your account is open. See our full review.

Amazon Business Prime American Express Card

Why this is one of the best business credit cards: Businesses that frequently shop with Amazon can earn 5% on Amazon and Whole Foods Market purchases with the Amazon Business Prime American Express Card (bonus cash back applies to the first $120,000 in eligible purchases, then 1%). The card offers 2% back at U.S. gas stations and U.S. restaurants and on wireless services bought from U.S. providers, plus 1% back on everything else. There's no annual fee, but an Amazon Prime membership is required. See our full review.

What Are the Benefits of Business Credit Cards?

Fast capital

Business credit cards can be a source of fast and convenient capital that can be used for any business need. Credit cards can bridge a gap between the need for a cash outlay and the receipt of payment by the customer. Business owners can use credit cards to pay for initial organization setup and expenses, such as signage, inventory and advertising. Businesses can use business credit cards to put capital assets, such as machinery, furniture or electrical equipment, in place. This gives your business time togenerate income while paying off the balance over time.

Separation of business and personal assets

When used diligently, business credit cards can help you maintain a strict separation between your personal and business finances. If you are sued or go through bankruptcy, and your business records show that you have routinely mingled your personal and business accounts or used business assets for your personal benefit, you could endanger your limited liability protection. Without the limited liability protection you gain by operating your business as a corporation or a limited liability company, your personal assets are at risk.

Speaking of which, because business credit cards typically require a personal guarantee, make sure you know what credit score you as an individual fall into. Once you've established a business credit profile, the rules change. But until then, maintain a spotless credit report and a good FICO score.

Bookkeeping and accounting features

If you're still trying to decide if getting a business card is necessary, look at the types of management tools that come with some of these cards. Here's a partial list of the tools you might come across:

  • Viewing up-to-the-minute usage reports for each cardholder on the account.
  • Setting spending limits on individual cards.
  • Canceling or suspending credit cards.
  • Instantly retrieving historical activity for each card.
  • Setting up account alerts for individual cards.
  • Adjusting cash advance limits.
  • Reconciling transactions against statements.
  • Sending automatic data feeds to your bookkeeping/accounting software systems.
  • Automatically segregating expenses into categories to assist with expense management.
  • Providing access to account controls via mobile devices.

Tax benefits

  • Maximizing tax deductions: Using business credit cards to purchase capital equipment may help you take advantage of tax-planning opportunities. For example, if you use a credit card to pay for equipment repair before the end of the year, you may be able to take a tax deduction in the current year while paying it off later. Your tax attorney or certified public accountant can help you make these decisions.
  • Tax simplification: Many of today's business credit cards come with souped-up reporting and accounting features that make it easy to download detailed reports of all expenses charged using the card. This information can be automatically migrated to some small-business accounting software programs.

What's the Difference Between Business Cards and Personal Cards?

Business credit cards differ from consumer credit cards in these important ways:

  • Business credit cards may have higher limits.
  • Business owners can distribute cards to employees, but the business owner retains responsibility for paying charges on each employee's card.
  • Card-issuing banks may report credit usage and payment information to both personal and business credit bureaus.
  • Rewards and discounts cater to business owners, such as discounts on FedEx shipping or office supplies.

Many small-business owners use personal credit cards to finance their businesses. Personal credit cards are usually much easier for owners of small and newly established businesses to qualify for, but the issuers don't report to the business credit bureaus.

And as mentioned, mixing business and personal purchases on the same credit card could endanger your limited liability protection, putting your personal assets at risk in case of a lawsuit against your corporation or LLC.

Who Qualifies for a Business Credit Card?

There are lots of different business types these days, and they don't always resemble a traditional view of a business. You don't need to have a storefront, a warehouse or any major facilities or hard assets to be issued a business credit card.

If you have good personal and business credit and otherwise meet the issuer's criteria, you can get a business credit card issued in any industry. So don't be discouraged if you're self-employed or you fall into one of these nontraditional business categories:

  • Etsy, Amazon or eBay sellers.
  • Freelancers.
  • Independent contractors and consultants.
  • Self-published authors.

You also do not have to be profitable or have operated your business for a certain number of years. The approval process is usually based on your personal credit history and your income.

If you're a new business owner and your personal credit is so bad that you can't qualify for a consumer credit card, you probably won't qualify for a business credit card, either. You may qualify for a secured business credit card, which could offer limited access to credit. But it is still a way to rebuild your personal credit history. In time, you'll move up the credit ladder and qualify for better personal and business credit cards.

Although it's a good idea to form a separate business entity before applying for a business credit card, it's not necessary. It's possible to obtain a business credit card even as a sole proprietor. Just be careful to maintain a way to track your business expenses and keep proper records.

Should Small Business Owners Get a Business Credit Card?

A business credit card is a financial obligation for which both you and your company are responsible, so take time to consider the pros and cons. If you plan to expand your business in the future, however, having a business credit card now will help put you and your business in a better position to get financing down the road.

How Do You Apply for a Business Credit Card?

  1. Decide on the right card for you.

    Take a close look at card rates and fees, possible rewards and whether the card company reports to business credit reporting agencies. You don't want to apply for too many cards at once or your credit score will take a hit.

  2. Fill out an application.

    Most applications can be completed online, and will ask both personal and business information to determine your creditworthiness. Information such as tax identification number, Social Security number, business contact information, personal income, and business income and expenses will all be required. Note that most business credit cards require a personal credit score of at least 670.

  3. Wait for approval.

    Some companies may offer instant approval, while others may take several days. If you aren't approved for an unsecured line of credit, perhaps consider a secured business credit card to start building your business credit.

How Does a Business Credit Score Work?

Just as most of us have a personal FICO credit score, established businesses generally have one or more business credit scores that lenders use. Business credit scores generally range from 0 to 100, with higher scores going to more creditworthy companies. Scores vary from credit bureau to credit bureau.

Business credit bureaus collect your outstanding balance and payment history from the following types of sources:

  • Banks.
  • Business credit card issuers.
  • Trade associations and organizations.
  • Vendors.
  • Manufacturers that provide merchandise or inventory before payment.

Know your issuer's credit-reporting policies

To establish a separate credit history for your business, select a credit card issuer that reports your credit activity specifically to the business credit bureaus: Dun & Bradstreet, Equifax, FICO SBSS and Experian each maintain a business-specific database and sell credit background screening to lenders of all types. All major business credit card issuers report information to at least one business credit bureau.

Additionally, some card issuers will report all activity on business credit cards for your personal credit report. This can be good if your personal credit is weak and you are building credit history with on-time payments. But it can go both ways and damage your personal credit if you're not managing your business credit responsibly.

Improving your business credit score

Just as you should work to maintain and protect your personal credit score and ensure that the information in your credit report is accurate, you should do the same with your business credit score.

  • Pay all bills and invoices on time and preferably early. This is the single most important factor in most commercially marketed credit-scoring systems that lenders use.
  • Limit how much debt your business takes on.
  • Form a corporation or an LLC.
  • Check your business credit history for errors before applying for further credit.

How Can You Get the Most Out of Your Business Credit Card?

Pay attention to the bonus categories that earn the most reward points – typically things like travel, dining or office expenses such as shipping – and make sure you're maximizing your card usage. Then take advantage of the bookkeeping and accounting features of the card to make your new business credit card work for you.

How Do You Compare Business Credit Cards?

1. Evaluate the type of rewards offered.

Depending on the kind of business card you select, you can earn cash, trips and other rewards for regularly using your card for business purchases. Card issuers structure their rewards and incentive programs differently to attract different customer segments.

  • Cash back business credit cards: Cash back business card rewards are generally straightforward and easy to use. They allow your business to earn back a percentage of its spending, usually 1% to 5%, and often in popular spending categories such as office supplies, shipping and advertising.
  • Rewards business credit cards: Many business credit cards reward users with points or miles on purchases such as electronic devices and software and cloud systems. You can exchange these points or miles for goods and services, including airfare and travel accommodations and sometimes cash and gift cards through the card's rewards program.
  • Co-branded or loyalty cards: Co-branded or loyalty credit cards offer bonuses for spending and redemption with a specific brand. These types of cards tend to offer deeper discounts and better perks as a reward for staying loyal to that business. Popular types of co-branded cards include airline and hotel cards.

2. Figure out what you can earn with each card.

To predict your potential rewards and discounts from having a business credit card, estimate your most likely future expenses, especially in the following areas:

  • Air travel.
  • Hotel stays.
  • General travel and entertainment.
  • Fuel.
  • Telecommunications, including mobile devices, cable and satellite, internet, landline phones and VoIP.
  • Shipping and mailing.
  • Computer hardware and software.
  • Office supplies.

If one of these categories is especially significant for your business, that will help you decide which business credit card might be the best fit for you.

To recruit new customers, credit card issuers offer lucrative sign-up bonuses designed to jump-start card usage.

4. Check out the annual fees.

Annual fees for business credit cards can be as high as $550, but many cards don't charge an annual fee. Of those that do charge fees, some waive the fee for the first year. Some cards will issue a statement credit offsetting the annual fee or waive the fee if you use the card enough over the course of the year.

A high annual fee shouldn't keep you from the card if you know the rewards are a good match for your expenses. Do a cost-benefit analysis, and you'll get an idea of whether the cost of the card outweighs the rewards and benefits.

5. Ask about extra cards.

If your business has employees, you may want them to have access to the business line of credit so they can make business-related purchases. Some issuers don't charge for additional cards for employees. But others do charge a fee for each card added to an account, so be aware of that and check the fine print.

6.Compare additional features.

  • Foreign transaction fees: Some credit card companies charge up to a 3% fee for transactions completed in a foreign currency.
  • Cardholder benefits: Most business travel cards come with a basic package of perks and benefits that may include emergency roadside assistance, extended warranties on purchases and travel insurance. Most business cards also offer snazzy management reports that help you organize your business, track costs and simplify tax reporting.

Best Business Credit Cards Methodology

U.S. News has been helping consumers make money decisions for decades. The Best Business Credit Cards are selected based on annual fee, APR, balance transfer fee, foreign transaction fee, rewards earning rate, rewards redemption process and sign-up bonus value, as well as cardholder benefits. Cards are also scored based on issuer satisfaction ratings from U.S. News.

Best cards must be business credit cards. You can compare Best Business Credit Cards by evaluating the types of rewards they offer, determining what you can earn with each card, and looking at fees, bonuses and benefits.

Yes, if your card issuer reports to the consumer credit bureaus, then your credit profile can be affected.

You build business credit by making credit card payments on time and not carrying a balance.

Your business credit score is harder to check than your personal credit score. The easiest way is via one of the credit reporting bureaus, such as Dun & Bradstreet or Experian.

Yes, all card applications ask for your employer identification number, or EIN. This is also known as your federal tax identification number.

There are a few things you should keep in mind before you sign up for a business credit card. Business credit cards are not subject to the same consumer protection laws as personal credit cards under the Credit CARD Act of 2009. This means that the issuer could charge a late fee of more than $39 or impose a penalty APR after your first late payment.

While some major issuers have chosen to voluntarily extend some of the consumer protections under the act to their business credit card holders, there's no legal requirement that the banks have to honor those laws. Pay attention to all correspondence you get from your issuer.

Most business card issuers require that you sign a personal guarantee. This means that you agree to pay your business's credit card debt if your business cannot. If your card issuer reports all activity on business credit cards for your personal credit report, then you also run the chance that your personal credit is damaged if your business isn't able to make timely card payments.

Business credit cards require good to excellent credit, with a typical minimum credit score of 670.

Business credit cards are available to businesses of all sizes, whereas corporate cards are limited to those with higher annual revenues, usually over $4 million. Most cards require a minimum spending amount, and some even require that a minimum number of employees hold corporate cards. Eligibility requirements are tighter with corporate cards, the fees are usually higher, but then so are the rewards.

Comparative assessments and other editorial opinions are those of U.S. News and have not been previously reviewed, approved or endorsed by any other entities, such as banks, credit card issuers or travel companies. The content on this page is accurate as of the posting date; however, some of our partner offers may have expired.

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