Best Credit Cards for Small Business Owners

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By Carolyn M. Brown

With National Small Business Week kicking off this month, personal-finance websites CardHub and WalletHub have released a trio of reports to help small business owners find the best credit cards and bank accounts for their needs.

Business credit cards enable you to effectively track company expenses and earn rewards on spending. However, business credit cards aren’t covered by the CARD Act, which means they don’t benefit from protections such as those outlawing universal default, unfair payment allocation and, most importantly, arbitrary interest-rate increases. Most major credit card companies retain the right to jack up the cost of your debt at will, which is especially troublesome when you consider that most issuers report account information to users’ personal credit reports and hold them personally liable for debt, according to CarbHub.

In selecting 2016’s Best Business Credit Cards, some of which come from CardHub sponsors, these are the ones that excel in the various categories most important to small business owners: approvability, lucrative rewards, 0% rates and/or CARD Act Protection.

Best Business Credit Cards

  • Best for Excellent Credit: Credit cards from American Express account for approximately 24% of the total dollar volume of credit card transactions in the U.S. – the highest of any issuer. American Express has built this lead thanks to a reputation for strong customer service as well as attractive rewards credit cards and charge cards targeted to people and businesses with excellent credit.
  • Best Initial Bonus: Ink Plus Business Credit Card – Up to $750 in travel rewards when you spend $5,000 within three months of account opening.

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