The best cash back business credit card is the Capital One Spark Cash for Business Visa Card because it offers unlimited 2% cash back on all purchases. Spark Cash for Business also has a $500 bonus for spending $5,000 in the first 3 months and a $1,500 bonus for spending $50,000 in the first 6 months. There is no annual fee the first year ($95 after that), and applicants need good personal credit or better for approval.
Some cash back business cards are best for certain spending categories. When it comes to phone service and office supplies, the SimplyCash Plus has the best deal. It offers 5% cash back on $50,000 spent per year in those categories, plus 3% back in a category of the cardholder’s choosing and 1% back on all other purchases. There’s also an intro APR of SimplyCash Plus on purchases, and the annual fee is $0. SimplyCash Plus requires good credit.
There are several other cards that deserve a spot on the list of best cash back business credit cards, too.
Here are the best cash back business credit cards:
- Capital One Spark Cash for Business – Best overall
- Chase Ink Business Cash – Best initial bonus
- SimplyCash Plus Business Credit Card from American Express – Best bonus categories
- Chase Ink Business Unlimited – Best for new businesses
- Capital One Spark Classic for Business – Best for limited credit
- Plum Card from American Express – Best charge card
The Capital One Spark Classic card is great for business owners with limited or no credit, offering good approval odds along with 1% cash back on all purchases and a $0 annual fee.
The Plum Card from American Express is the best cash back business charge card because it gives a 1.5% discount on all purchases that get paid off early. And while each purchase has to be paid in full, Amex allows two billing cycles (60 days) to do it. You just need to make a minimum payment on time the first month. The Plum Card also offers $600 in statement credits for spending $30,000 in the first 3 months ($200 credit for each $10,000 spent). And its $0 1st yr, $250 after annual fee is waived the first year.
It’s also worth mentioning that you shouldn’t forget about cash back credit cards meant for personal use. There are some really great deals right now, especially if you don’t plan to spend enough to qualify for a business card’s initial bonus.
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