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The Best Corporate Credit Cards For Large & Small Businesses

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Corporate credit cards have been a hot commodity in recent times. In just the past few years, several companies have sprung up offering new cards for corporations as investors poured cash into this slice of the credit card world. The leader among the newcomers — Brex — has raised over a hundred million from investors since its inception in 2017.

Meanwhile, traditional credit card issuers have also been delivering solid corporate card programs. American Express, Capital One, and JPMorgan Chase & Co. all feature selections that should suit most companies. If you don’t feel comfortable working with a freshly-minted company, there are certainly corporate card options out there for you.

Do corporate cards fit your company? And if they do, what card or program should your company sign up for? Keep on reading to sort out how a corporate credit card can give your company a boost.

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American Express
American Express features four separate corporate cards that can meet the needs of various employees throughout a company.

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Capital One
Capital One offers up a corporate card program to serve larger companies that want a single card program.

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J.P. Morgan & Chase Co.
Chase and J.P. Morgan dish out several options for those looking at corporate credit cards.

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Brex Corporate Card for Startups
Brex's corporate card for startups promises a unique rewards scheme geared towards modern companies with up to 7x rewards.

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Divvy Card
More than a credit card, Divvy's whole expense management suite can streamline company purchases.

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Other Featured Options:

  • Ramp Corporate Card: On top of Ramp's straightforward 1.5% cash back, the card comes with a built-in, algorithm-driven service that can help your company cut costs.
  • Stripe Corporate Card: With up to 2% cash back and the potential of up to $50K in free payment processing, Stripe's corporate card could be a great option for companies already integrated with the service.

Read more below to learn why we chose these options.

What Are Corporate Credit Cards?

Corporate credit cards are simply credit cards designed for larger businesses to use. There’s nothing really fancy about them — at their core, they aren’t much different from normal business credit cards. Corporate cards often have rewards schemes targeted towards business purchases, travel perks, and other benefits like fraud protection or online account management.

What really sets corporate cards apart from normal business credit cards are their expense reporting tools. With normal business credit cards in hand, your employees may struggle to jump through hoops keeping track of their receipts and filling out expense reports. However, many corporate credit cards come with expense management software that can make the whole process much smoother.

Next, many corporate cards are technically charge cards. While you won’t have to worry about interest rates with a charge card, you will be required to pay off your account balance in full whenever the due date comes around. This is because charge cards simply don’t allow customers to carry balances (however, some issuers do still enable flexible payment terms).

Virtual cards are also a more common benefit with corporate credit cards (although a few companies do offer these for both business and personal cards). A virtual card is basically just a generated credit card number that can be often be used for either a single purchase or for a single merchant.

Finally, corporate cards shouldn’t require a personal guarantee. This means that the issuer will underwrite your company itself — you won’t have to put your personal credit on the line. As such, applying for a corporate card can save you from being personally liable in case your company goes under or ends up in high levels of debt.

What It Takes To Qualify For A Corporate Card

Corporate cards require varying qualifications, although they will almost always be more difficult to qualify for than a normal business card. This is because these cards are targeted toward larger companies with higher revenues.

Some cards look for $4 million in revenue per year (American Express’s corporate cards) while others require $100,000 in the bank (Brex’s card for startups). You may see similar requirements across other cards in the industry. Smaller companies with slower cash flow will find better success with regular business cards.

Often, you’ll need your company to be a C-corp, an S-corp, or an LLC in order to apply. As such, you may not be able to apply for a corporate card if you operate your business as a sole proprietorship or as some other unregistered business. Should this be the case for you, it’s recommended that you apply for a regular business card or perhaps a personal one instead.

Bear in mind that your company may need to be able to afford an annual fee. However, this will be very dependent on the program and card you choose — some do lack annual fees.

The Best Corporate Credit Cards For Businesses

Determining the best corporate credit card for your business will depend on various factors, from your business’s profitability to its spending habits. There are several big players among the top corporate credit cards, as well as a few up-and-comers that offer a fresh look at the corporate card world.

We’ll first delve into some of the more traditional credit card issuers’s corporate card offerings, listed alphabetically below.

1. American Express

American Express



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American Express, which has been around since the mid-1800, is well-known for having a robust portfolio of both business and personal credit cards. It also doesn’t slouch on its corporate card selection.

Amex issues its own corporate credit cards (many of the other cards on this list are co-issued through Mastercard or Visa). As part of its corporate card program, you’ll be able to pick and choose between four different cards for your company — three of them act as similarly-named variants to Amex’s business credit card lineup. This program also features expense management tools and employee spending limits.

Here’s a quick overview of Amex’s array of corporate cards (along with each card’s annual fees and some featured benefits):

  • Corporate Platinum Card: $550 annual fee, trip delay insurance, Hilton Honors Gold Status, $200 airline fee credit
  • Corporate Gold Card: $250 annual fee, Hilton Honors Silver Status, $100 airline fee credit
  • Corporate Green Card: $75 annual fee, Hilton Honors Silver Status
  • Business Extra Corporate Card: $75 annual fee, up to 6% in cash rebates, $50 flight discount for every $5K spent

You can mix and match the above options to fit the travel and spending habits of your employees. These cards also come with rewards programs, with both points and cashback options available. Note that the exact rewards scheme will be tailored to fit your company’s unique needs (the exception being the Extra Corporate Card, which nets 4 Business Extra points per $20 spent on eligible American Airlines flights and 1 Business Extra point per $20 spent on all eligible purchases).

American Express also offers an invite-only corporate program for startups. This program features a dynamic spending capacity 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. While the startup program is only available to invited companies, you are able to contact Amex to see if you qualify for an invite.

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2. Capital One

Capital One



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Arriving on the scene in 1994, Capital One is a bit newer than American Express and our other legacy company in this list, JPMorgan Chase & Co. However, it’s still been around a while and is one of the heavy hitters in the world of credit cards.

As for corporate cards, Capital One offers its One Card program. This program will allow your company to manage expenses in real time as well as set up automatic payments that trigger every evening. It also takes advantage of Mastercard’s standard benefits, which include perks like liability protection, travel protection, and purchase security.

For rewards, the One Card taps into Mastercard Easy Savings (for 1% to 4% savings on over 30,000 qualifying businesses) plus a points structure that allows redemption for statement credit, gift cards, or travel bookings. You can either redeem points on-demand or set up automatic redemption.

Capital One also offers Virtual Card Relay, a program that aims to simplify vendor payments via virtual cards.

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3. JP Morgan & Chase

J.P. Morgan & Chase Co.



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With roots dating back to 1799, JPMorgan & Chase Co. is certainly a bank that’s been around the block a few times. While Chase handles most of the credit cards under the JPMorgan Chase & Co. umbrella, both Chase and J.P. Morgan branding are used for the company’s corporate credit cards.

Unlike American Express and Capital One, JPMorgan Chase & Co. doesn’t have a single program for corporate cards. Instead, the company provides a number of different corporate card programs for different types of organizations.

Here’s a look your options if you choose a JPMorgan Chase & Co. offering for your company’s corporate card:

  • J.P. Morgan Corporate Card: Targeted towards business travelers, this card program aims to help “track and control travel and entertainment spending” for companies using it for purchases. Its particular highlights include “user-friendly” tracking and reporting software for your company’s transaction data.
  • J.P. Morgan Purchasing Card: Tooled for managing business-to-business purchases, this card program allows your company to keep an eye on spending before and after the fact. You’ll also be able to receive data analysis to aid your payment strategy and make strategic adjustments as needed.
  • J.P. Morgan One Card: Intended to aid businesses that want a single card program for every expense, this card is best used for an array of purchases, including business-to-business, travel, and entertainment. It additionally promises to make management and reporting easier.
  • Chase Corporate Flex Card: The lone corporate card program that receives Chase-only branding, it can also work well for business-to-business, travel, and entertainment purchases. This card delivers 1 point per dollar spent, plus 10 points for every dollar spent at Shop through Chase.

JP Morgan also offers single-use virtual card accounts for those needing unique parameters for every purchase.

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4. Brex Corporate Card For Startups

Brex Corporate Card for Startups



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Brex Corporate Card for Startups



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Annual Fee:


$0

 

Purchase APR:


N/A (this is a charge card)

The first of our non-traditional corporate cards comes from Brex, a San Francisco-based company founded in 2017. Brex has the longest corporate card tenure among the non-traditional companies on this list, but it’s still much newer than the above mentions.

The company’s most noteworthy corporate card is geared toward startups. This card features a rewards scheme with 7x points for ridesharing apps and taxis, 4x on travel, 3x at restaurants, 2x on recurring software, 1x on everything else. Rewards can be redeemed for statement credit or used to book travel through Brex’s portal.

Other perks included in this card are over $50,000 in partner offers (such as a minimum of $5,000 in Amazon Web Credits or 25% off Slack for 12 months), no personal liability, and reporting your activity to business credit bureaus.

Brex should also be commended for its response to the COVID-19 pandemic. To help its customers’ newly-minted remote workforces, Brex created an opt-in rewards program for their startup corporate card. This program features 7x points for collaboration tools, 3x for food delivery, and 2x for recurring software.

Besides its startup-focused card, Brex offers several corporate card options (listed below with a few of their top features):

  • Brex For Ecommerce: Net-60 terms, credit limit up to 75% of future monthly sales (up to $5 million)
  • Brex For Life Science: 7x rewards on conference tickets, 2x rewards on lab supplies
  • Brex For Modern Enterprise: Accounting integrations, no foreign transaction fees

Get Started with Brex Corporate Card for Startups

Read our in-depth review

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5. Divvy

Divvy Card



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Divvy Card



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Annual Fee:


$0

 

Purchase APR:


N/A

Moving down the line, we come to Divvy, a Utah-based expense management company that includes a corporate credit card as part of its financial offerings.

Divvy’s corporate card features a flexible rewards program that adjusts based on how frequently you pay off your balance. For instance, if you pay weekly, your company will receive 7x points at restaurants, 5x on hotels, 2x on recurring software subscriptions, and 1.5x on everything else. If you pay semi-monthly, you’ll net 4x, 3x, 1.75x, and 1x, on those categories, respectively. You can also pay off things monthly, which caps your maximum rewards rate at 2x.

Besides rewards, the card comes with a number of other benefits like virtual cards, a flexible credit line, and standard security features. You can also receive credits and discounts on sign-up, such as a $150 Google Ads credit or $5,000 in credit over one year for Amazon Web Services.

Beyond the corporate credit card, Divvy features a full-on expense management suite. Its tools help automate a company’s expense reporting while also providing team-by-team budgeting services. You can additionally send and request money through Divvy.

Read our in-depth review

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6. Ramp

Ramp Corporate Card



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Ramp Corporate Card



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Annual Fee:


$0

 

Purchase APR:


N/A (this is a charge card)

Ramp, which launched its corporate card in February 2020, has the simplest rewards program on the block alongside a unique saving insights tool.

For rewards, your company will collect 1.5% cash back on all purchases. For a straightforward cash back rewards scheme, this is a very solid rate — and especially so when considering it’s a corporate card. While you won’t receive better rewards for select purchase categories, companies that have wide-ranging purchase habits may benefit from the Ramp Corporate Card.

Outside the 1.5% cash back, you can look forward to Ramp’s partner rewards and savings — which the company estimates is worth over $175,000 in total. Highlights here include $150 in Google Ads credit and $50,000 in Segment Credits.

Ramp’s most unique benefit is its algorithm-driven savings insights. These insights dig into your company’s spending history and determine areas where you can cut costs and save money. For example, you might have an insight that suggests consolidating duplicate Dropbox subscriptions purchased by different departments within your company.

Read our in-depth review

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7. Stripe Corporate Card

Stripe Corporate Card



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Stripe Corporate Card



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Annual Fee:


$0

 

Purchase APR:


N/A (this is a charge card)

Our last look is at Stripe, which is well-known for its payment processing service. In September 2019, the company launched its first corporate card aimed at “fast-growing businesses.”

This offering is most notable for being a cash back card — a rarity in the corporate card scene. Companies with the Stripe Corporate Card in their arsenal will receive 2% cash back on their top two purchase categories. Every other purchase will net 1% cash back.

If you use Stripe already for your payment processing, you’ll especially like this card: Companies that spend $5,000 with the Stripe Corporate Card will be eligible to receive up to $50,000 in free payment processing through Stripe. Like the other newer corporate cards, you’ll additionally be able to take advantage of free credits and discounts such as $5,000 credits for Amazon Web Services or $150 in Google Ads credit.

At the time of writing, note that Stripe states that this card is a “beta” program currently. As such, you’ll need to request an invite before moving forward with the card.

Read our in-depth review

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What If You Don’t Qualify For A Corporate Card?

If your company doesn’t qualify for a corporate card, don’t sweat. These cards aren’t a necessity for your company to take advantage of credit card benefits. Instead of a corporate credit card, consider one of the top business credit cards. Or — if you’re a startup — check out some of the best cards for startups. You may also want to look at a few travel cards if your business employs a lot of frequent flyers.

All told, corporate credit cards are best suited for companies with many employees and large cash flows. If your company doesn’t match such requirements, a regular business credit card will probably fit you better anyways.

In Summary: The Best Corporate Credit Cards For Businesses

  1. American Express: American Express features four separate corporate cards that can meet the needs of various employees throughout a company.
  2. Capital One: Capital One offers up a corporate card program to serve larger companies that want a single card program.
  3. J.P. Morgan & Chase Co.: Chase and J.P. Morgan dish out several options for those looking at corporate credit cards.
  4. Brex Corporate Card for Startups: Brex's corporate card for startups promises a unique rewards scheme geared towards modern companies with up to 7x rewards.
  5. Divvy Card: More than a credit card, Divvy's whole expense management suite can streamline company purchases.
  6. Ramp Corporate Card: On top of Ramp's straightforward 1.5% cash back, the card comes with a built-in, algorithm-driven service that can help your company cut costs.
  7. Stripe Corporate Card: With up to 2% cash back and the potential of up to $50K in free payment processing, Stripe's corporate card could be a great option for companies already integrated with the service.
Jared Beilby

Jared Beilby

Jared is a writer hailing from the Pacific Northwest. Besides writing for Merchant Maverick, he has experience writing about sports and video games. He holds a Bachelor of Arts in Journalism from George Fox University.
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