Best Business Credit Cards for New Businesses

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Capital One Spark Cash Plus

Why We Like It: Capital One Spark Cash Plus is the best business credit card for a new business because it offers 2 - 5% cash back on purchases, in addition to an initial bonus of up to $1,000: $500 for spending $5,000 in the first 3 months and $500 for spending $50,000 in the first 6 months.

What We Don’t Like: There is an annual fee of $150.

Who Should Get It: Consider applying for Capital One Spark Cash Plus if you have excellent credit personally and the rewards complement your spending habits. You also have to be prepared to pay the bill in full every month, since this is a charge card.

Alternatives to Consider: The Ink Business Cash® Credit Card also has great cash back rewards for business owners with good credit.

Ink Business Preferred® Credit Card

Why We Like It: The Ink Business Preferred® Credit Card is the best new-business credit card for travel rewards. For starters, it offers 100,000 points for spending $15,000 in the first 3 months. In addition, cardholders earn 1 - 3 points per $1. Points are also worth 25% more than usual when redeemed for travel through Chase Ultimate Rewards.

What We Don’t Like: This card has an annual fee of $95 and a high interest rate.

Who Should Get It: Business owners with at least Good personal credit should apply for this card if they travel often and have no issue with booking travel accommodations through Chase Ultimate Rewards.

Alternatives to Consider: Frequent business travelers with above-average credit should also consider The Business Platinum Card® from American Express and the Capital One Spark Miles Select for Business.

Brex Corporate Card for Startups

Why We Like It: The Brex Corporate Card for Startups is the best business credit card with no personal guarantee for new businesses. It has a $0 annual fee, rewards you with 1 - 7 points per $1 on purchases, and offers an initial bonus of 30,000 points for spending $3,500 or 50,000 points for spending $9,000 in 30 days. Plus, unlike with most small business credit cards, you won’t be personally liable for unpaid balances. No credit history is needed to get approved, either.

What We Don’t Like: This is a charge card, meaning you must pay the bill in full monthly.

Who Should Get It: Consider applying for the Brex Credit Card if the rewards suit your spending habits and you only need a card for everyday business expenses that you can pay off by the due date each month.

Alternatives to Consider: The Capital One Spark Cash Plus is another good business charge card, but you’ll need excellent credit personally for approval.

Capital One Spark Classic for Business

Why We Like It: The Capital One Spark Classic for Business is the best business credit card for a new business with no credit because it rewards cardholders with 1% cash back on all purchases and has a $0 annual fee.

What We Don’t Like: A high APR makes carrying a balance from month to month pretty expensive.

Who Should Get It: Consider applying for Capital One Spark Classic if you’re a small business owner with limited credit.

Alternatives to Consider: You could use a personal credit card for business, so it makes sense to compare the best credit cards for people with no credit, too.

Best Business Credit Cards for New Businesses Comparison

To find the best business credit cards for new businesses, WalletHub editors compare offers from a database of more than 1,500 credit cards. This comparison focuses primarily on each card’s expected rewards value after factoring in fees, given that business credit cards are best for earning rewards on everyday company purchases. Financing also is an important concern for many new businesses, however, so we select the cards best suited to saving on interest as well.

When evaluating the best credit card options for new businesses, we consider cards for applicants of all credit levels, as approval depends more on the business owner’s personal creditworthiness than how old the company is. Furthermore, we consider business credit cards as well as general-consumer cards because small business owners will be personally liable regardless of which type of card they use. As a result, the card with the most money-saving potential overall is the best choice.

WalletHub actively maintains a database of 1,500+ credit card offers, from which we select the best options for different applicants as well as derive market-wide takeaways and trends. The underlying data is compiled from credit card company websites or provided directly by the credit card issuers. We also leverage data from the Bureau of Labor Statistics to develop cardholder profiles, used to estimate cards’ potential savings.