Best Credit Cards For New Small Business Owners In 2022

While this card from Chase is simply a rewards card, it packs in a lot of bonuses for those who travel frequently.

To start, Ink Business Preferred users get 3 points per dollar spent on travel, shipping purchases, internet, cable, and phone services, and on advertising purchases made with social media sites and search engines each account anniversary year (up to $150,000 spent). All other purchases get 1 point per dollar spent. You’ll then be able to redeem your points for 25% more when you redeem them for travel through Chase Ultimate Rewards.

Beyond those basic rewards, Chase also lets you transfer your points on a 1:1 basis to a plethora of airline and hotel loyalty programs. If you need something other than travel rewards, you’ll also be able to redeem points for Amazon.com purchases, gift cards, and cash back, making this an extremely versatile card.

This card from Chase lets you earn up to 5% cash back when you make purchases at office supply stores and on internet, cable, and phone services (up to the first $25,000 spent). You can also earn 2% back when spending at gas stations and restaurants (up to the first $25,000 spent). Everything else earns you 1% back.

The cherry on top of all those rewards is that you won’t have to worry about paying an annual fee — meaning you’ll end up with savings no matter how much you spend yearly.

The Ink Business Cash also features a 0% intro APR rate for the first 12 months, a very generous offer.

If you need to make a big purchase but can’t pay it all upfront, having a card with 0% APR is very helpful because you won’t accrue interest. With a 0% intro APR for the first 12 months, the Blue Business Plus Credit Card from American Express has one of the longest 0% intro rates on the market today.

On top of that generous intro APR period, the Blue Business Plus also packs in some solid rewards. As a base, you’ll earn 2 points per dollar spent up to $50,000 yearly and then 1 point per dollar thereafter.

Amex also grants you expanded buying power, which enables you to spend above your credit limit. Additionally, this card does not carry an annual fee.

The Brex Card isn’t a normal business credit card. Those who use the Brex Card as their exclusive corporate card will get 8x points per dollar spent on rideshares and taxis, 5x points on travel, 4x points at restaurants, and 3x points per $1 spent on recurring software purchases. Everything else nets the standard 1 point per dollar spent. With such a unique rewards scheme, the Brex Card is well suited for fast-growing, tech-oriented startups.

Beyond rewards, the Brex Card lacks annual and foreign transaction fees. The company also offers a robust cash management account that is baked right into the Brex ecosystem.

Plus, you can get a Brex Card without signing a personal guarantee, and it won’t even pull a credit score. These perks do come at a slight cost — the card is technically a charge card, so your entire balance is due on your statement date. Besides that, only C-corp, S-corp, LLC, and LLP corporations are eligible for the Brex Card.

One of the easiest small business credit cards to get, the Spark Classic from Capital One was made for those who want to build their credit. Despite being aimed at those with lower credit, this card still offers some decent perks.

To start, its base rewards dole out an unlimited 1% cash back without any sort of annual fee. That means you’ll be saving money no matter what your yearly spending rate is. Additionally, you’ll be able to add employee credit cards at no additional cost. Capital One requires no foreign transaction fees — great if your business needs overseas travel.

One of the lone secured cards for business, the Wells Fargo Business Secured Credit Card is an appealing option for those looking to boost a low credit score. Wells Fargo targets this card for those just starting a business, businesses with little or no credit, and those with past credit problems.

You also have a couple of reward options: get 1.5% cash back or 1 point per dollar spent, which can be redeemed for gift cards, merchandise, airline tickets, and more. Besides the base bonuses, you won’t need to worry about paying annual or foreign fees.