The best rewards credit cards for small businesses in 2022

A business rewards credit card can be a handy tool for small business owners. Business credit cards can offer maximum rewards on travel purchases, gas, office supplies, or other key areas of business spending, or they can offer a solid fixed rate of cash back, miles or points on every purchase. Business cards often have special features, such as employee cards and expense reports that break down cash flow. And business credit cards allow business owners to separate business expenses from personal expenses.

If you are self-employed, either as a full-fledged business owner with employees, as a freelancer, or as a side hustle, you may qualify for a business credit card. However, in the wake of the pandemic, card issuers seem to be taking a closer look at sole proprietors (e.g., a freelancer who uses their first and last name as a business name) more closely, says Brooklyn Lowery of CardRatings.com . These applicants may face delays in approval or lower credit limits than larger companies might receive. But issuers more often increase credit limits after a few months of consistent and responsible use, Lowery says. Regardless of the size of your business, be prepared to provide information such as your business name and location, tax identification number (or social security number for a sole proprietor), and annual revenue when of your request.

The credit cards below offer many rewards for business owners. For each card, we calculated a typical annual discount that assumes $32,000 is spent annually on the card. A few cards also offer 0% introductory interest rates, which can be useful for business owners who want to finance a large purchase without interest.

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If you’re looking for a card that offers solid cash rewards for users of all ages instead, check out The Best Cash Back Credit Cards. And if you want to open a card that offers points or miles to travelers, check out The Best Travel Rewards Credit Cards.

American Express Blue Business Cash

  • Website: www.americanexpress.com (opens in a new tab)
  • Interest rate: 0% for 12 months, then 16.24% to 24.24%
  • Annual subscription : None
  • Best Reward Rate: 2% back on up to $50,000 spent annually
  • Sign-up bonuses: $250 back if you spend $3,000 in the first three months
  • Typical annual repayment: $640

With Amex Blue Business Cash, you can earn 2% cash back on up to $50,000 spent each year, then 1%. Cash back is automatically added to your account as a statement credit.

If necessary, you can spend over your card’s credit limit – the amount adjusts based on your card usage, credit history and other factors. You can also add employee cards to your account, designate an account manager who has access to the account, and receive a year-end summary that shows your annual expenses.

Capital One Spark 2x Miles Mastercard

  • Website: www.capitalone.com
  • Interest rate: 23.99%
  • Annual subscription : $95, exempt the first year
  • Best Reward Rate: Two miles per dollar on every purchase, plus five miles per dollar on hotel and car rental bookings through Capital One Travel
  • Sign-up bonuses: 50,000 miles if you spend $4,500 in the first three months
  • Typical annual repayment: 71,680 miles worth $717 in travel bookings

If you travel regularly for business, this card can help you rack up plenty of miles to use for your travels. It offers five miles per dollar spent on hotels and rental cars booked through Capital One Travel and two miles per dollar on all other purchases. Redeem miles at a rate of one cent each for account credits on travel purchases or for travel reservations through Capital One. Or transfer them to one of Capital One’s partner airline and hotel loyalty programs, including those of British Airways and Choice Hotels.

Cardholders also get a credit of up to $100 every four years to repay application fees for Global Entry or TSA PreCheck airport screening programs and two free annual visits to Capital airport lounges. One.

Benefits for business owners include free employee cards and controls to set spending limits, as well as the ability to download purchase records in various formats (such as Excel or Quicken) and assign an account manager.

US Bank Triple Cash Rewards Visa Business Card

  • Website: usbank.com
  • Interest rate: 0% for 15 months, then 16.99% to 25.99%
  • Annual subscription : None
  • Best Reward Rate: 3% cash back at gas stations, electric vehicle charging stations, office supply stores, mobile service providers and restaurants, plus 5% cash back on prepaid hotel reservations and car rental through the US Bank Travel Rewards Center
  • Sign-up bonuses: $500 back if you spend $4,500 in the first 150 days
  • Typical annual repayment: $569

Prepaid hotel and car rentals booked through the US Bank Travel Rewards Center earn 5% cash back, and purchases at gas and electric vehicle charging stations, supply stores office, mobile service providers and restaurants get 3% cash back. Other expenses earn 1%. Redeem rewards as statement credit, deposit to a US Bank deposit account, or US Bank prepaid debit card. Each year you have 11 consecutive months of eligible software service subscription fees (such as FreshBooks or QuickBooks) charged to the card, you get a $100 credit.