Applying for business credit cards is a great way to earn more miles and points than you already do, but many people don’t apply for business cards because they incorrectly believe they don’t qualify.
You don’t need to have employees, nor does your business need to be profitable. You can use your social security number instead of an EIN on the application. Your business doesn’t even need to have it’s own name or separate address from your personal one!
Sell things on Etsy? Ebay? Bake sales? Yard sales? These are legitimate businesses to open a business credit card for.
Learn more in How to Get Approved for Business Credit Cards.
And just because you have a consumer version of a credit card does not mean you can’t get the business version of the same card. If a co-branded card is available for consumers and businesses, they are generally considered separate products in terms of card eligibility. For example, if you have the Delta Gold Amex card–the consumer version–you can still open and receive the bonus on a Delta Gold Business Amex.
Without further ado, here are what I think are ten of the most lucrative business credit cards/offers on the market right now.
The Chase Ink Business Preferred Credit Card offers 80,000 Ultimate Rewards after spending $5,000 in the first three months. Ultimate Rewards transfer 1:1 to United, British Airways, Singapore, Korean, Southwest, Virgin Atlantic, Hyatt, and more.
The Ink Preferred earns 3x points on travel; shipping; internet, cable, and phone services; and search engine or social network advertising (on the first $150,000 spent annually), and 1x points on everything else.
You’ll also get up to $600 in coverage per claim in cell phone protection against theft or damage for you and your employees, as long as you pay that cell’s bill with the Ink Preferred.
For only $95 a year, this business card offers solid benefits and return on spending as a stand-alone card. I think it’s the best option for the price.
The United Explorer Business Card from Chase just upgraded its sign up offer. For spending $5,000 on the card within three months, you’ll get a whopping 75,000 bonus United miles. That’s enough for a Business Class flight one way to many places in the world like southern South America, Europe, Africa, and more.
The card comes with 2 United miles per dollar spent on United purchases, as well as restaurants, gas stations, and office supply stores purchases.
You also get a ton of perks United related perks–one highly valuable and non-marketed one being extra MileagePlus award space called “last seat availability”. This basically means cardholders have access to more United award space than non-cardholders.
You and one travel companion can check your first bag for free to save up to $120 per roundtrip flight. You and anyone on your reservation get Priority Boarding, which means you get to board before the majority of people and have a better chance to get your carry on luggage in the overhead bin. You’ll also get two passes for the United Club per year, and if you’re a MileagePlus Elite, cardholders are eligible for upgrades on domestic award travel.
The card charges no foreign transaction fees and waives the first year’s annual fee of $95.
The Chase Ink Business Cash Credit Card technically comes with a $500 cash back sign up bonus for spending $3,000 within the first three months, but what you are actually earning is 50,000 Ultimate Reward points. They are a different kind of point than what’s earned by the Chase Sapphire Reserve or Ink Business Preferred.
I said technically above because it is marketed as a cash back card. But the Ultimate Reward points it earns don’t have to be redeemed for 1 cent each, as most card advertisements lead you to believe. If you have a Chase Sapphire Preferred, Sapphire Reserve, or Ink Business Preferred, you can transfer the 50k Ink Business Cash Ultimate Rewards to one of those accounts to turn them into the kind of Ultimate Rewards earned by the respective account… that are transferrable to nine airline or three hotel loyalty programs for outsized value on international/premium cabin award flights and expensive hotel rooms. This increases their value to somewhere around 2 cents each (meaning 50k Ultimate Rewards would be worth around $1,000 instead of $500).
Alternatively, moving them to your Sapphire Reserve card also means you can redeem the points for 1.5 cents each on cash flights through the Chase travel portal, which is often the better deal (compared to turning them into airline miles) for domestic flights.
Category bonuses on this card are lucrative as well:
- 5 Ultimate Reward points per dollar on the first $25,000 in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services.
- 2 Ultimate Reward points per dollar on the first $25,000 in combined purchases at gas stations and restaurants
And you get all of this for no annual fee, ever. Just don’t charge foreign purchases on it as you’ll get hit with foreign transaction fees.
If you have a Sapphire Reserve, Preferred, or Ink Business Preferred, then I highly recommend scooping up this card for it’s (higher than usual) 50k bonus points, and the earning potential with that 5x category bonus points in business specific expenses. Even if you don’t have one of those other Chase cards, 5x points redeemed as 5 cents cash back from cell phone, landline, internet, and cable TV services is a fantastic return.
The Chase Ink Business Unlimited Card offers a sign up bonus of $500 cash back for spending $3,000 within three months of account opening. Just like the Ink Business Cash, however, if you also hold a Sapphire Reserve, Preferred, or Ink Business Preferred, then you can transfer those Ultimate rewards earned by the Ink Business Unlimited to your other Chase account and they magically turn into the kind of Ultimate Rewards that can be transferred to airline loyalty programs, increasing their value dramatically.
What’s also pretty appealing about this card, which is the business counterpart to Chase’s Freedom Unlimited consumer card, is that it will earn 1.5 points on ALL purchases with no cap. That’s a great return (especially if you can transfer those Ultimate Rewards to a more valuable account) for no annual fee. Like the Freedom Unlimited, this card charges foreign transaction fees so it won’t be a good option to use when traveling.
While not unusual for business cards, the minimum spending requirement on the Business Platinum from American Express is rather high–$10,000 within three months of opening the card will get you 50,000 Membership Reward points, and an additional $10,000 in spend will earn you an additional 25k Membership Reward points within the same three month period. A 75k points bonus is a big chunk of rewards though. I don’t recommend manufacturing spend on Amex cards, as they are known for clawing back points for that kind of behavior. If you can manage the spending organically, you’ll be getting about a 9.5% return on spend (using my valuation of Membership Rewards which is 2 cents each).
The card comes with many of the same valuable perks that the personal Platinum does, like $200 in airline incidental fee credits every cardmember year (but not up to $200 in Uber credit like the Platinum).
- You’ll also get some unique benefits like:
- 5x points on airfare and prepaid hotels booked through the Amex travel portal and 35% points rebate when paying with Membership Rewards for air travel booked through the Amex travel portal. The rebate applies to one designated airline when buying economy tickets, but any airline when purchasing premium cabin tickets.
- 1.5x points on each eligible purchase of $5,000 or more
The annual fee is $450 for now. Come February 2019, that will jump to hefty $595 annual fee for some additional benefits like one year of complimentary Platinum Global Access from WeWork (international co-working space), $200 in statement credits annually for U.S. purchases with Dell, and $100 hotel credit for qualifying hotels booked through Amex Travel. Get the Business Platinum before February of 2019 and you’ll lock in a year of the current benefits with just the $450 annual fee price tag.
The Capital One Spark Miles for Business Card comes with 50,000 “miles” after spending $5,000 on the card in the first three months and an additional 150,000 miles when you spend $50,000 within the first 6 months. This giant sign up bonus is only available for another week (ends 1/28/19).
I called the card’s rewards “miles” because they’re not like traditional airline miles, but rather bank-issued points like Amex Membership Rewards or Chase Ultimate Rewards. There are two ways to redeem Spark miles:
- 1 cent each toward any travel expense. The 200k bonus miles are worth $2,000 in travel credit if you decide to redeem Spark miles this way.
- Transfer to 12 airline partners at a rate of 2 Spark miles to 1.5 airline miles, like Flying Blue, Aeroplan, Etihad Guest, and Avianca LifeMiles to redeem as airline miles. That makes the 200k bonus worth 133,333 airline miles… in other terms, more than enough for a roundtrip in Business Class between the US and Southern South America.
You’ll earn 2 Spark miles per dollar spent on everything you charge to the card.
The Capital One Spark Miles for Business does not charge foreign transaction fees and has a $95 annual fee that is waived the first year.
8. Southwest Rapid Rewards Premier Business Credit Card
The Southwest Rapid Rewards Premier Business Credit Card comes with 60,000 Rapid Rewards for spending $3,000 within three months of account opening.
If you live and travel often to destinations served by Southwest, the Companion Pass should be on your radar as it is one of the best deals in travel. It allows you to designate a companion who flies for just the taxes on every Southwest flight you fly. That’s $5.60 each way within the United States and a bit more on Southwest’s international flights. You qualify for a Companion Pass by earning 110,000 Southwest Rapid Rewards from credit cards during a calendar year, and you keep it for that calendar year you earned it in as well as the following one.
The fastest way to earn the 110k qualifying points is via the sign up bonuses from one business Southwest card + one personal Southwest card. There are are three consumer Southwest cards, and all of them come currently come with up to 60k sign up bonuses. Read more about their offers in the Top 10 Personal Credit Cards list.
I love Southwest because of its two free checked bags, no change or cancellation fees, and efficient boarding process. Southwest Rapid Rewards can be very valuable for domestic redemptions/redemptions to Mexico or the Caribbean if you can book it far enough ahead of time (award prices are based on the cash price of the ticket, unlike most award pricing schemes that are region based).
This card has a $99 annual fee that is not waived the first year.
The Blue Business Plus Credit Card from American Express does not currently come with an intro bonus, but the fact that it earns 2 Membership Reward points per dollar spent on all everyday business purchases makes it the best small business credit card for non-bonused spending available. Note that the 2 points per dollar earned applies to the first $50,000 in purchases per year, and you’ll earn 1 point per dollar thereafter.
If you have lots of spending power that wouldn’t otherwise earn a higher category bonus on another card, then the Blue Business Plus Credit Card from American Express is a fantastic option for you. This card is a heavy-hitter for long-term value, especially because it has no annual fee! Just don’t use it abroad or you’ll incur foreign transaction fees.
7. CitiBusiness / AAdvantage Platinum Select World MasterCard
The Citi / AAdvantage card comes with 50,000 American Airlines bonus miles after making $3,000 in purchases within 4 months of opening the account. You’ll get an additional 10,000 bonus miles after spending a total of $10,000 within the first year of card membership, for a total of 60k bonus miles. Benefits include:
- Free checked bag on domestic American Airlines itineraries for you and four companions
- Preferred Boarding on American Airlines flights (this means after Business/First/elite passengers and before economy)
- 25% discount on in-flight food and beverage purchases on American Airlines flights
- Double AA miles on eligible American Airlines and telecommunications purchases, car rental merchants and at gas stations
- If you spend $30,000 in a year on the card, you also get a $99 companion certificate for use within the continental United States.
- No foreign transaction fees
The annual fee of $95 is waived the first year.
10. Starwood Preferred Guest Business Credit Card from American Express
The Starwood Preferred Guest Business Credit Card, issued by American Express, comes with 75,000 bonus points for spending $3,000 within three months of account opening.
The points can be used for free nights at Marriotts and SPG properties, or transferred to 45 different airline loyalty programs…practically all in existence. Points transfer to airline partners 3:1, and you get 5k bonus miles for each increment of 60k points transferred, so 75k Marriott Rewards = 31,000 of almost any airline mile. While 31k miles doesn’t sound like a great bonus, the fact that you can top off nearly any program you’d need to for an award is extremely valuable.
Category bonuses include 6 points per dollar spent at Marriott or SPG properties, 4 points per dollar spent at U.S. restaurants, U.S. gas stations, wireless telephone services purchased directly from U.S. service providers, and on U.S. purchases for shipping, and 2 points per dollar on all other eligible purchases.
- A free night award after each account anniversary to spend at any property that costs up to 35,000 points
- Automatic Silver Elite status as it grants 15 elite credit nights each calendar year
- Starting in 2019: spend $35,000 on the card within a calendar year and qualify for Gold Elite Status
The $95 annual fee is waived for the first year.
Applying for this card will impact your eligibility for other Marriott-family cards, so plan accordingly.
Before rushing to sign up for new cards, remember to take into account that some miles are better than others for getting to specific destinations–not to mention issuing bank rules concerning eligibility if you’ve had rewards cards in the past.
- If you need help deciding which card is the right one for you, try our Free Credit Card Consultation Service. We’re happy to help guide you in the right direction towards effectively and efficiently collecting the appropriate rewards.
- Need help redeeming your miles efficiently? Try our Award Booking Service. You send us your goal and current balances, and we do the work making sure your miles are stretched just as far as possible.