Navigating the selection of a business credit card can be a crucial decision for small business owners. With each card offering unique benefits, the key is to find one that aligns with your business expenditures and financial goals. Below is a comparison of five business credit cards, examining their rewards and annual fees. These all require good to excellent credit.

Updated October 2024 with latest sign-up bonus offers

1. American Express Business Gold Card: The real benefit of the American Express® Business Gold Card is the ability to earn 4x points on the spend categories where your business spends the most each month. Overall this is an excellent long term card for business owners. While there is an annual fee of $375, the hefty signup bonus of 100,000 points when you spend $15,000 in the first 3 months makes up for it in spades.
2. Capital One Spark Cash Plus Card: Perhaps the best cash back card on the marked for business owners thanks to the substantial bonus and great ongoing spend earnings. Earn $2,000 cash back after you spend $30,000 in the first 3 months from account opening for just the annual fee of $150.
3. American Express Blue Business Cash™ Card: The American Express Blue Business Cash™ Card offers a tiered cash back program, with 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% thereafter. This card could be particularly beneficial for businesses that have a mix of high and low spending throughout the year but don’t exceed the $50,000 threshold significantly. Like the Chase offerings, there is no annual fee, appealing to cost-sensitive businesses.
4. Capital One Spark Miles for Business: Differing from the cash back cards, the Capital One Spark Miles for Business card caters to those who travel frequently for business, offering unlimited 5X miles on hotels and rental cars booked through Capital One Travel, and 2X miles on all other purchases. While the card does have a $95 annual fee, it is waived for the first year, allowing you to assess the card's value to your business before incurring any cost. An introductory offer of 50,000 miles adds an extra incentive for new cardholders.
5. The Business Platinum Card® from American Express: The Business Platinum Card® from American Express is the premium option on this list, designed for the business that travels extensively and can capitalize on a higher tier of service and rewards. Offering 5X Membership Rewards® points on flights and prepaid hotels booked on AmexTravel.com, and varying points for large purchases and specific business categories, the rewards can be substantial. The card comes with a hefty $695 annual fee (rates and fees), which could be justified by the rewards and benefits if they align with your spending.

For a small business owner, the decision on which card to choose should weigh the benefits of rewards against the cost of fees, considering the pattern of business expenses and the creditworthiness required. Each card has its own merits and the optimal choice hinges on your business's specific financial landscape and strategic goals. See a full list of business and personal credit cards.