12 Best Business Credit Cards for New Businesses in 2018

Best Business Credit Cards for New Businesses

credit card advice

Brittney Mayer
By: Brittney Mayer
Posted: March 20, 2018
Opinions expressed here are ours alone, and are not provided, endorsed, or approved by any issuer. Site may be compensated through the issuer affiliate programs.

For every new business owner, there are certain moments that really make you stop and think, “Wow! I made a business.” And more than simply magic moments, these events are also important milestones reached by a budding business.

Perhaps surprising, however, is that many of these moments are just that — momentary. These are fleeting things like opening the first piece of mail at your brand new location, handing out your first business card with its painstakingly created logo, and seeing your company name embossed in all its glory on the front of your first business credit card.

But those moments don’t just happen. It can be difficult to choose the right location, logo, and business name for your new business. Thankfully, choosing the right business credit card can be made easy with a little research.

Fair/Limited Credit | No Annual Fee | Cash Back | Office Rewards

Best “Fair Credit” Business Credit Cards

While many of the things you need to establish your new business can be accomplished in a relatively short time — you can complete the legal steps to start your company in about a week — actually building your business into a success takes time. The same is true for building your business’s credit; it can take months to build enough credit to qualify for a business credit score, let alone reach the upper echelon.

While a strong personal credit score can help you qualify for a business credit card before your company’s credit is established, business cards for fair-credit companies are available from some major banks. You can find both secured and unsecured business cards to help you get started.

  • Enjoy no annual fee
  • Earn 1% cash back on every purchase, every day
  • Build business credit with responsible use
  • Fraud coverage if your card is ever lost or stolen
  • No foreign transaction fees
  • Enjoy business benefits including Year-End Summaries, employee cards at no extra cost and experienced small business customer service
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
24.49% (Variable)
$0
Average, Fair, Limited

The Capital One® Spark® Classic for Business is rare in that it is an unsecured business credit card that accepts less-than-great credit scores, plus it offers unlimited cash back rewards.

2. Wells Fargo Business Secured Credit Card

The Wells Fargo Business Secured Credit Card is a secured business credit card that requires a deposit to open. Your credit line will be equal to the amount of your deposit.

Wells Fargo Business Secured Credit Card

  • Earn 1.5% cash back on every purchase made with your card, redeemable as a statement credit or check
  • Access credit lines from $500 to $25,000
  • Receive up to 10 employee cards

Wells Fargo will periodically review your account to see if your growing business credit profile qualifies for an unsecured business credit card. If so, you’ll be automatically upgraded and your deposit refunded.

3. BBVA Secured Visa® Business Credit Card

As a secured credit card, the BBVA Secured Visa® Business Credit Card requires a deposit to open. The size of your credit line will then be equal to 90% of your deposit amount.

BBVA Secured Visa® Business Credit Card

  • Earn bonus points in categories you select, including office supplies, utilities, and travel
  • Earn 1X point per $1 on all other purchases
  • Pay no annual fee the first year, then $40

You can increase your deposit (and, thus, credit line) at any time in $100 increments. You can also obtain free employee cards and special Visa Business benefits.

As with consumer credit, the key to building a solid business credit profile is to ensure you pay all of your debts on time and as agreed upon. You’ll also want to ensure that your business creditors are reporting your payments to the credit bureaus so that each account helps to build your profile.

Best “No Annual Fee” Business Credit Cards

If there’s one thing new businesses are often short on, it’s capital. So why waste funds on a credit card annual fee when you have other options? With good credit, you can find a range of quality business credit cards that not only charge no annual fee, but also offer purchase rewards to help you save even more on your bottom line.

BUSINESS CARD RATING

★★★★★
4.9

OVERALL RATING

4.6/5.0
  • Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
  • Named "Best Rewards Card for Small Business Owners" by Kiplinger's Personal Finance, July 2017
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
  • Earn 1% cash back on all other card purchases with no limit to the amount you can earn
  • 0% introductory APR for 12 months on purchases and balance transfers
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases for 12 months
0% Intro APR on Balance Transfers for 12 months
14.49% - 20.49% Variable
$0
Excellent Credit

The Ink Business Cash offers great rewards for common business expenses, as well as additional rewards in other useful categories and unlimited rewards on all other purchases. With no annual fee and an introductory 0% APR offer, few things will stand in the way of you and the cash back rewards you earn with your Ink Business Cash card.

BUSINESS CARD RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening
  • Save on interest with 0% intro APR on purchases for 9 months; 14.49% - 22.49% variable APR after that
  • No annual fee
  • Use Spark Cash Select across all your business spend, with no categories to limit your purchasing
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 9 months
N/A
14.49% - 22.49% (Variable)
$0
Excellent, Good

Not only can you earn unlimited cash back rewards with the Capital One® Spark® Cash Select for Business, but the introductory 0% APR offer makes one less thing to worry about while you grow.

BUSINESS CARD RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earn 1.5 miles per $1 on every purchase, every day
  • Plus, a one-time bonus of 20,000 miles once you spend $3,000 on purchases within 3 months from account opening
  • Miles won't expire for the life of the account, and there are no categories to limit where or what you buy
  • Save on interest with 0% intro APR on purchases for 9 months; 14.49% - 22.49% variable APR after that
  • Pay no annual fee or foreign transaction fees
  • Get online Quarterly and Year-End Summaries
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 9 months
N/A
14.49% - 22.49% (Variable)
$0
Excellent, Good

The Capital One® Spark® Miles Select for Business is a solid no-annual-fee travel rewards card that can help you earn miles while you build your business. Plus, redeem those miles with no blackout fees, making it easier to rep your business anywhere.

Although these cards may not have annual fees, that doesn’t mean they’re free of all fees. Not only will you be charged interest fees if you carry a balance (unless you have an intro-APR deal in place), you may also be charged fees for using certain services, like making cash advances or foreign transactions. Check your cardholder agreement for details on your card’s fees.

Best “Cash Back” Business Credit Cards

Few business owners are likely to turn down extra cash, especially those with a new business to build. Cash back credit card rewards provide a simple way to take the edge off your purchases with flat-rate rewards that can be redeemed for a credit card statement credit. Choose between higher-rate unlimited cash back or bonus cash back in popular categories to maximize your rewards.

BUSINESS CARD RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
  • Use Spark Cash across all your business spend, with no categories to limit your purchasing
  • $0 intro annual fee for the first year; $95 after that
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • Get employee cards at no additional cost, and earn rewards from their business spend
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
18.49% (Variable)
$0 intro for first year; $95 after that
Excellent, Good

While the annual fee for the Capital One® Spark® Cash for Business is only waived the first year, you can easily earn enough 2% cash back rewards to cover the cost by spending just $4,750 a year on your card.

8. SimplyCash® Plus Business Credit Card

The SimplyCash® Plus Business Credit Card provides a solid earnings rate for common business categories, as well as letting you choose your 3% bonus category from a range of options including gas stations and restaurants.

SimplyCash® Plus Business Credit Card

  • Earn 5% cash back on purchases at US office supply stores and with wireless service providers
  • Earn 3% cash back on purchases in a category of your choice
  • Pay no annual fee

The SimplyCash® Plus Business Credit Card may be a good choice for those who occasionally find the need to spend above their credit limit to handle unexpected business expenses, as it allows you to go over your limit with no extra fees (the amount you can go over will vary by individual account).

9. Business Advantage Cash Rewards Mastercard®

The Business Advantage Cash Rewards Mastercard® comes with bonus cash back rewards in useful categories, no annual fee, and an intro-APR offer — the business-credit-card trifecta.

Business Advantage Cash Rewards Mastercard®

  • Earn 3% cash back at gas stations and office supply stores and 2% at restaurants
  • Receive $200 cash back after spending $500 in the first 60 days
  • Pay no annual fee

With its low spending requirement, the signup bonus for the Business Advantage Cash Rewards Mastercard® should be easily attainable for nearly any new business. Redeem your cash back for a statement credit or deposit into a qualified Bank of America account.

No matter how high the earnings rate on your cash back card, remember that it will likely be much lower than the interest rate you’re charged (unless you have an active intro-APR offer). This means interest fees can easily eat into your rewards — and then some — if you carry a balance on your card from month to month.

Best “Office Rewards” Business Credit Cards

Although the digital age has made it increasingly easier to run a business without an office, many new businesses still require a physical presence — which will, inevitably, mean office supplies. From computers and USB sticks to good-old-fashioned paper and pens, most new businesses will get to know their local office supply store fairly well. With a good business credit card, you can save on all those purchases, earning bonus rewards for every swipe.

10. Ink Business Plus

The Ultimate Rewards points earned with your Ink Business Plus can be redeemed directly to cover travel expenses, or you can transfer the points to a variety of partner airlines and hotel brands to add to your stash of branded loyalty rewards.

Ink Business Plus

  • Earn 5X points per $1 at office supply stores and on phone, cable, and internet services
  • Earn 2X points per $1 at gas stations and hotels
  • Pay no foreign transaction fees on card purchases

With bonus rewards for purchases in a wide range of business categories, including the ever-necessary office supplies, Ink Bold with Ultimate Rewards cardholders can likely rack up the rewards at record speed.

11. U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard®

With the U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard®, you can earn bonus rewards for not only those seemingly endless office supply runs, but also the gas to get there.

U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard®

  • Earn 3% cash back on gas station, office supply, and wireless service purchases
  • Earn unlimited 1% cash back on all other purchases
  • Pay no annual fee

The U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard® also comes with a nice intro-APR offer that lets you make purchases interest-free for up nine months.

12. United MileagePlus Explorer Business Card

One of the only airline-branded business cards that rewards you for office supply purchases, the United MileagePlus Explorer Business Card will help you earn your way toward free flights with every pen and Post It purchase.

United MileagePlus® Explorer Business card

  • Earn 2X miles per $1 at gas stations, restaurants, office supply stores, and on United purchases
  • Earn 1X per $1 on all other purchases
  • Pay no annual fee the first year, then $95

The miles you earn with your United MileagePlus Explorer Business Card won’t expire as long as your account stays open, and there’s no limit to the number of miles you can earn.

When using your business card to purchase printer ink and sticky notes, be sure to think a little outside the pencil box; many modern office supply stores sell far more than the office basics. You may also be able to earn bonus rewards on things like cleaning supplies, packing materials, and printing needs at your local office supply store.

Give Your New Business a Little Credit

Building a business is often an exercise in hard work and decision-making, requiring a strong focus and dedication to your vision from the very start. Even the most foundational decisions, such as choosing a name and a logo, can be a challenge if your goals aren’t clear.

Similarly, choosing the right business credit card to start building your business’s credit can be difficult if you don’t know what you really need out of that card. Once you’ve laid out your requirements, however, that decision often becomes significantly easier.