Best Business Credit Cards of November 2024

If you're running a business, managing expenses and optimizing your cash flow are essential for growth. The right business credit card can be a powerful tool to help you earn rewards, save on business purchases, and even improve cash flow by providing interest-free periods. Here are our top picks for the Best Business Credit Cards of November 2024, led by our top recommendation, the Chase Ink Business Cash® Credit Card.

1. Chase Ink Business Cash® Credit Card – Best Overall

The Chase Ink Business Cash® stands out as the best overall business credit card for November 2024 due to its stellar combination of rewards, no annual fee, and flexibility. It's an excellent choice for small to medium-sized businesses looking to earn cash back on everyday purchases.

Key Features:

Cash Back Rewards: Earn 5% cash back on the first $25,000 spent annually at office supply stores and on internet, cable, and phone services. Plus, earn 2% cash back on the first $25,000 spent at gas stations and restaurants each account anniversary year, and 1% on all other purchases.
No Annual Fee: This card comes with no annual fee, making it a great option for businesses looking to save while earning rewards.
Sign-Up Bonus: Earn $750 cash back after you spend $6,000 on purchases in the first 3 months from account opening.
0% Intro APR: Enjoy 0% introductory APR for 12 months on purchases, followed by a variable APR of 18.49% – 24.49%.
Employee Cards at No Extra Cost: You can issue cards for your employees and set individual spending limits without any additional fees.

Why We Recommend It: The Chase Ink Business Cash® is perfect for businesses that spend heavily in office supplies and on telecommunications. The combination of high cash back rates, no annual fee, and a solid sign-up bonus makes this card a smart choice for cost-conscious business owners looking to maximize rewards.

2. American Express Blue Business Cash™ Card – Best for Simplicity

For business owners who prefer a straightforward rewards structure, the American Express Blue Business Cash™ Card is an ideal pick. With no annual fee and a flat cash back rate, it simplifies earning rewards.

Key Features:

Cash Back Rewards: Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% thereafter.
No Annual Fee: Like the Chase Ink Business Cash®, this card also has no annual fee.
0% Intro APR: 0% introductory APR on purchases for 12 months, followed by a variable APR of 18.49% – 26.49%.
Expense Management Tools: Access helpful tools to track business expenses, with the ability to issue employee cards.

Why We Recommend It: The American Express Blue Business Cash™ is great for businesses that want to earn consistent rewards without worrying about categories. It’s simple, rewarding, and comes with excellent benefits for small business owners.

3. Capital One Spark Cash Plus – Best for Unlimited Rewards

For businesses that spend significantly across multiple categories, the Capital One Spark Cash Plus is a strong contender. It offers unlimited cash back, making it a go-to card for larger businesses or those with more diversified spending habits.

Key Features:

Unlimited 2% Cash Back: Earn unlimited 2% cash back on all purchases, with no caps.
Sign-Up Bonus: Earn up to $1,200 in cash bonuses – $500 after you spend $5,000 in the first 3 months, and an additional $700 after spending $50,000 in the first 6 months.
No Pre-Set Spending Limit: This card adapts to your spending needs, allowing for more flexibility as your business grows.
Annual Fee: $150, which can easily be offset by the rewards if you’re a high spender.

Why We Recommend It: The Capital One Spark Cash Plus is excellent for businesses that need a high-reward, no-fuss card with unlimited cash back. It’s especially useful for companies with larger budgets and varied expense categories.

4. Brex Card for Startups – Best for Startups

If you're operating a startup or a fast-growing business, the Brex Card could be an excellent fit. With no personal guarantee required and credit limits based on business performance, it’s designed for businesses on the rise.

Key Features:

Rewards Structure: Earn up to 7x points on rideshare, 4x on travel booked through Brex, 3x on restaurants, 2x on recurring software, and 1x on all other purchases.
No Personal Liability: Brex doesn’t require a personal credit check, which is perfect for founders who want to keep their personal credit separate from business expenses.
No Annual Fee: Enjoy no annual fees with this card.
Expense Management Tools: Get access to top-tier financial management and expense tracking tools.

Why We Recommend It: Brex is ideal for startups that prioritize growth and tech-driven solutions. The lack of personal guarantees and high credit limits based on business metrics make it a standout option for newer businesses.

5. U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® – Best for No Annual Fee and Versatile Rewards

Rounding out our list is the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard®, which offers strong rewards and no annual fee, much like the Chase Ink Business Cash®. However, it adds versatility with cash back options in categories like gas, dining, and office supplies.

Key Features:

Cash Back Rewards: Earn 3% cash back on gas, office supplies, cell phone service, and dining, and 1% on all other purchases.
Sign-Up Bonus: Get $500 after spending $4,500 in eligible purchases within the first 150 days of account opening.
0% Intro APR: 0% introductory APR for 15 billing cycles on purchases and balance transfers, then a variable APR of 17.49% – 26.49%.
No Annual Fee: Another great no-fee option for businesses.

Why We Recommend It: The U.S. Bank Business Triple Cash Rewards Mastercard® is an excellent choice for businesses seeking a wide range of cash back categories with no annual fee. Its lengthy 0% intro APR offer also makes it an appealing choice for businesses looking to finance big purchases.

Final Thoughts

Choosing the right business credit card depends on your business’s specific needs, but the Chase Ink Business Cash® Credit Card shines as the top pick for November 2024. It offers unbeatable value with its no annual fee, generous cash back in key business categories, and a strong sign-up bonus. Whether you prioritize rewards, low fees, or interest-free financing, one of the options on this list is sure to suit your business.

Frequently Asked Questions

1. What are the benefits of a business credit card?

Business credit cards offer rewards, better control over spending, and the ability to separate personal and business finances. Many also come with perks like cash back, travel points, and expense management tools.

2. Is it worth paying an annual fee for a business credit card?

It depends on your business spending. If the card’s rewards and perks outweigh the annual fee, it can be worth it. Cards like the Capital One Spark Cash Plus are ideal for high spenders who can earn significant cash back.

3. Can I get a business credit card with no personal guarantee?

Yes, options like the Brex Card for Startups don’t require a personal guarantee. However, most traditional business credit cards do require a personal guarantee, which means your personal credit may be impacted if your business fails to pay.

1 comment