Best Business Credit Cards For Cash Back of 2017


Money Matters

Jul, 06 2017

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Business owners have to be smart with their money. Using a cash-back credit card can help improve business cash flow and generate more dollars you can plow right back into your business.

Cash back is something that every business owner can use.

Business credit cards typically offer higher levels of rewards for business-related expenses. Right now, credit card companies have rolled out impressive sign-on bonuses for business credit cards. You can take home hundreds of dollars in cash-back rewards that can be used to help pay for new inventory, a marketing campaign or just to help smooth out cash-flow. Cash back is something that every business owner can use.

Here are 4 questions to help you choose the best cash back credit card for your business.

  1. Do you want an easy-to-use cash back card with no category limits and unlimited 2% cash back?
  2. Does your business spend a lot at office supply stores, cellular phone, landline, internet and cable TV services each year?
  3. Do you want a cash-back card with no annual fee?
  4. Does your business spend a lot at office supply stores or gas stations?

Before we dive into our answers, it's worth noting that most sole proprietors, independent contractors or anyone with a side gig generally can qualify as a business. When you apply for a business credit card, use your Social Security instead of a federal Tax ID (EIN) number. Now, let's take a look at CompareCard's best business credit cards for cash back in 2017.

  1. Do you want an easy to use cash back card with no category limits and unlimited 2% cash back?

If you answered yes, we recommend you apply for the Capital One® Spark® Cash for Business. This is our number one pick for the overall best business cash-back credit card.

What makes this card really special: This is a hard-working yet flexible card that delivers top-notch value to business owners. You'll earn unlimited 2% Cash Back on every purchase, every day – everything from shipping supplies to inventory - that is a rare find in the business card credit arena. You'll earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening.

Rewards won't expire for the life of the account and you can redeem your cash back for any amount at any time. It's easy to use, so you can focus on what matters most – building your business.

The $59 annual fee is waived for the first year. There is a no-annual fee version of the card if you prefer. The Capital One® Spark® Cash Select for Business offers an unlimited 1.5% Cash Back on every purchase, every day. The Capital One® Spark® Cash Select for Business is also solid choice if you have a big purchase to make and need some wiggle room to pay off the balance, as it offers a intro APR 0% on purchases for 9 months, then 13.99% - 21.99% (Variable).

  1. Does your business spend a lot at office supply stores, cellular phone, landline, internet and cable TV services each year?

If you answered yes, we recommend you apply for the Ink Business CashSM Credit Card.

What makes this card really special: With its high level of rewards, this card is best for businesses that spend a lot in these bonus categories. You will earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year.

More dollars back: Keep on earning with 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year and take home another 1% on all other card purchases with no limit to the amount you can earn.

Do you need to stock up several offices with supplies, but don’t have the cash-flow to pay the bill right away? Take advantage of the 0% introductory APR for both purchases and balance transfers for the first 12 months.

  1. Do you want a cash-back card with no annual fee?

Some business owners simply don't want to pay another fee. If that describes you, then we recommend the SimplyCash® Plus Business Credit Card from American Express.

What makes this card really special: The one word answer is: personalization. This card gives you the opportunity to customize your cash-back choice, so you can maximize your rewards based on how your business spends. Earn 3% on one category of your choice from a total of eight popular spending categories. Earn another 5% cash on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores, and 1% on other purchases. No annual fee, just cash-back for your business.

Special offer: Right now, you can earn up to $400 cash back as a statement credit. Here's how: earn a $200 statement credit after you spend $5,000 in qualifying purchases on your card in the first six months of card membership and an additional $200 statement after you spend an additional $10,000 in qualifying purchases on your card within the first year of card membership.

  1. Does your business spent a lot at office supply stores or gas stations?

If you answered yes, the Bank of America® Business Advantage Cash Rewards Mastercard® credit card is a clear winner for you. This no-annual fee card could become a cash-back machine for your business.

For starters, earn a $200 statement credit after $500 in purchases within 60 days of account opening. Keep on earning 3% cash back on purchases at gas stations and office supply stores, 2% on purchases at restaurants, and 1% on all other purchases (Annual cap of $250,000 on combined gas station and office supply store purchases; then 1% earn rate after that)

What makes this card really special: While most other cash-back cards cap rewards at $25,000 or $50,000, the Bank of America® Business Advantage Cash Rewards Mastercard® credit card has an impressively large annual cap on combined gas station and office supply purchases. That delivers high-performance octane, er… cash back for your businesses.

An intro APR of 0% for 9 billing cycles on purchases gives your business breathing room if you need to make a large purchase or are facing a cash flow lag.

It does not matter if you run your business from your dining room table, are strictly web-based or if you have a brick and mortar location, a business credit card has its advantages. Start earning dividends on your purchases that you can funnel back into your business now.