The Best Corporate Credit Cards For Businesses

Your company will collect up to 1.5% cash back on purchases — a very solid flat cashback rate for a corporate card with no earning cap on rewards.

Ramp boasts that between its rewards, partner offering, and savings automations, it saves business owners 5%.  Here’s what you’ll get with Ramp:

• 1.5% cash back
• Access Ramp’s partner offers worth over $350,000, including discounts on AWS, Stripe, Slack, and more
• Automated accounting that integrates with QuickBooks, Xero, and NetSuite
• Specialized algorithm-driven precision spend controls to help you save money and manage expenses

Arguably, the biggest perk of Ramp is that you can use Ramp without paying any fees whatsoever. You get full access to the basic Ramp plan with no annual or monthly fees.

You can opt for the Ramp premium plan at $15/month/user which gives you access to more advanced features, more customization, more integrations, and international support.

You’ll also encounter fees if you opt for Ramp Flex, a program that lets you delay paying for a purchase for 30, 60, or 90 days. This program is particularly enticing and very rare for a corporate card (the only other card on the list that does this is Rho). Percentage fees for financing are determined on a business-by-business basis, and finance charges are due in advance (when the purchase is made).

Currently, Ramp Flex has a waitlist and is not available to all customers, which isn’t ideal. We’re hoping Ramp rolls this out to all customers soon.

The U.S. Bank Corporate Rewards Card allows users to earn 1% cash back or points that can be cashed in for a variety of gift cards or donated to charity.

U.S. Bank offers some of the most curated features we’ve seen, including detailed expense tracking, advanced spend controls, integrated travel bookkeeping, and advanced reporting and analytics. It also features customizable card controls and policies. Because it has corporate liability, the company — not the owners or employees — is liable for all charges.

The Commercial Rewards Card has no monthly or annual fees. There is a 2.5% late fee and a 3% foreign transaction fee.

The BILL Divvy corporate credit card features a flexible rewards program that adjusts based on how frequently you pay off your balance. The card offers other benefits as well, like virtual cards, a flexible credit line of up to $5 million, and standard security features. Plus, your business doesn’t even have to be incorporated to qualify. The company told us that it accepts sole proprietors in addition to corporations and LLCs.

Now, here’s what you’ll earn for your spending with BILL Spend & Expense:

• Pay your balance weekly and earn 7x points at restaurants, 5x on hotels, 2x on recurring software subscriptions, and 1.5x on everything else
• Pay semi-monthly and earn 4x, 3x, 1.75x, and 1x on those categories, respectively
• Pay monthly and earn 2x, 2x, 1.5x, and 1x on these categories, respectively
• Partner rewards and discounts with AWS, FedEx Office, Gusto, and others
• Spend/expense management and accounting integrations

To keep your earned rewards in any month, you must spend at least 30% of your credit line for that month.

BILL is nearly fee-free — there are no monthly or annual account fees, no fees for additional cards, and no interest (since you can’t carry a monthly balance).

The only fees charged are foreign transaction fees and late payment fees:

• Cross Border Fees: 0.90% of the total transaction volume when the account user is US-based and 0.20% when the account is Canada-based
• Currency Conversion Fees: 0.20% of total transaction volume, no matter where the account user is based
• Late Payment Fee: 2.99% or $38, whichever is greater

The repayment length you are eligible for will determine your flat cash-back rate. Rho offers:

• Earn 1.25% universal cash back on purchases when you make daily repayments
• Earn 1% cash back with a 30-day repayment term
• Access up to $600,000+ in partner perks and discounts
• Automated bill pay that auto-syncs with your accounting software

Certain purchases are ineligible for Rho’s cash-back (see our review for full details).

Beyond flexible repayments and reasonable cash-back rates, Rho also offers unlimited physical and virtual employee cards, custom branding on cards, and card-level controls.

Rho does not charge monthly or annual account fees, late fees, interest, ACH fees, etc. There are only two types of fees charged:

• 1% FX fee for non-US currencies
• $30 wire recall fee

While we don’t love that Rho has a foreign transaction fee, it is still smaller than many other foreign transaction fees.

Unlimited 1.5% cash back on purchases is just one of the benefits of using IO. Here’s what else Mercury can offer for your business:

• Discounts and offers from partners including QuickBooks, AWS, Gusto, and Slack
• Built-in accounting and invoicing tools
• Integrations with QuickBooks and Xero
• Integration with NetSuite (Pro plan subscribers)
• Duplicate subscription detection

Another great benefit of Mercury IO is that there are no monthly, annual, or hidden fees. If you sign up for a free checking and savings account through Mercury and meet the requirements, you can be eligible for IO.

This carries over to Mercury’s accounts, which have very few fees. This is a great option for startups and businesses that want banking services in addition to spend controls and corporate cards.

As mentioned, you can get started for free, although Mercury has two paid plan options available that start at $35/month.

Disclosure

The IO Card is issued by Patriot Bank, Member FDIC, pursuant to a license from Mastercard®. To receive cash back, your Mercury accounts must be open and in good standing, meaning they cannot be suspended, restricted, past due, or otherwise in default. 

If you make Brex your exclusive corporate card and elect to make automatic daily repayments, you’ll earn the following for your spending:

• Brex’s standard rewards program offers 7x points on rideshare purchases, 4x points on Brex Travel purchases, 3x on restaurants, 3x on eligible Apple purchases through the Brex Rewards portal, 2x on recurring software subscriptions, and 1x on everything else
• If you make daily payments, you can receive a 1x bonus on certain categories, increasing the top tier to 8x
• Tech companies can replace the 1.5x points on ad spending with 3x points on recurring software purchases
• Life sciences companies can replace the points on rideshares, restaurants, and recurring software for points earned with life science conference ticket spending and lab supply purchases
• Access over $150,000 in partner rewards, including up to $100K in credits via AWS Activate and 25% off Slack for 12 months
• In-depth expense tracking and employee controls through the Brex UI

To earn points at these rates, you must make Brex your exclusive corporate card and make automatic daily repayments. Rewards can be redeemed for statement credit or used to book travel arrangements through Brex’s portal

Brex’s standard plan charges no fees whatsoever. No monthly or annual fees, no late fees, no foreign transaction fees — you get the idea.

Similar to Ramp, Brex now offers two additional paid subscription tiers. The first, Brex Premium, costs $12/user/month and gives you additional customization and integration options, in-app travel booking and management, and dedicated support for admins.

The second, Brex Enterprise, offers international support with local cards and billing in 50+ countries, locally-funded payments in 40+ countries, additional customization and feature options, and the highest level of customer support. Pricing for Brex Enterprise is quote-based.

Expensify’s rewards are especially worthwhile for businesses with high spending levels.

• Spend $250,000+/month across all Expensify Cards companywide and earn a flat 2% cash back on all purchases
• 1% cash back on all other purchases
• Save 50% on Expensify
• Concierge travel benefits
• Revenue share available for ExpensifyApproved! accountants
• $75,000+ in partner discounts including AWS, Gusto, QuickBooks, and more

As we note in our Expensify review, the platform offers a wide range of expense management, invoicing, bill payment, and travel features.

Expensify subscriptions normally range from $0/month to $9/user/month, with more features offered with the pricier plan. However, Expensify now offers to waive your subscription fee if you meet a minimum monthly card spend. Unfortunately, the company doesn’t specify what that monthly spend is.

To use Expensify cards and other features, you’ll need to sign up for the Collect plan, which costs $5 per user per month.

Expensify also offers two subscription packages for individuals, but these packages don’t include credit cards.

Here’s a quick overview of Amex’s three corporate cards and their featured benefits.

• Corporate Platinum Card: Hilton Honors Gold Status, trip delay insurance, and $200 airline fee credit
• Corporate Gold Card: Hilton Honors Silver Status and $100 airline fee credit
• Corporate Green Card: Hilton Honors Silver Status

Furthermore, Amex’s corporate program for startups features a dynamic spending capacity of up to 10% of your business’s bank account, streamlined expense reports, and premium cards with perks such as airport lounge access and rewards in the form of points or cash back.

Amex’s corporate card fees are quite a bit heftier than other corporate credit cards. However, the pros could outweigh the cons here for businesses that earn enough rewards to make these fees moot.

Here are the annual fees attached to Amex’s three corporate cards:

• Corporate Platinum Card: $550 annual fee
• Corporate Gold Card: $250 annual fee
• Corporate Green Card: $75 annual fee

With each of these cards, the following additional fees apply:

• Foreign transaction fee: 2.5% of each transaction
• Late payment fee: $39 or 2.99% of the past due amount, whichever is greater
• Administrative suspense fee: $25 (applies when your account is 90 days past due and your charge privileges are suspended)
• Reinstatement fee (to get your card un-suspended): $25

The Executive Explorer card offers some hefty travel benefits:

• Annual $600 Lounge Access statement credit, good at Admirals Club, Alaska Lounge, Delta Sky Club, United Club, and/or LoungeKey airport lounges
• $100 Airport Fast Track statement credit every four years that can be used with TSA PreCheck, Global Entry, Nexus, and/or Registered Traveller
• Complimentary access to Benefits on Us with 2x Dinova points

Here’s a quick glance at what else you can get from Bank of America on the corporate card side of things:

• Mobile Wallet: Bank of America corporate cards can be added to mobile wallets and work with Apple Pay, Google Pay, and Samsung Pay.
• Global Card Access: Accounts can be managed via mobile and desktop. Management features include activating a new card, checking a balance, and viewing a PIN.
• Virtual Cards: Travel managers can spin up one-time virtual cards to efficiently manage travel bookings.
• Contactless Payments: Employees can make payments more quickly and safely via their card’s contactless features.
• Benefits: Cardholders will gain access to various features, including those offered by the corporate dining network Dinova, which operates at over 18,000 restaurants.

The BofA Executive Explorer corporate card sports an annual fee of $375.

Unfortunately, BofA doesn’t supply any other corporate card fee details.

Capital One’s One Card program allows your company to manage expenses in real-time and set up automatic payments that trigger every evening.

• Save 1% to 4% on more than 30,000 qualifying businesses
• Redeem points for statement credit, gift cards, and travel bookings
• Redeem on-demand or set up automatic redemption
• Virtual Card Relay gives you a digital accounts payable solution and lets you simplify vendor payments via virtual cards

The accounts payable and expense management features also make it easy for small businesses to manage their spending.

Capital One doesn’t disclose whether the One Card carries an annual fee, nor does it disclose any other fee information relating to the card.