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Best Business Credit Cards for New Businesses
WalletHub makes it easy to find the best business credit card for a new business.
FILTER BUSINESS CREDIT CARDS FOR NEW BUSINESSES
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- High rewards rate
- 50,000 miles initial rewards bonus
- No membership fees first year
- No foreign fee
- Membership fees in the second year
- No intro APR on purchases
- No intro APR on balance transfers
- Requires good/excellent credit

- No membership fees
- 0% intro APR on purchases
- No foreign fee
- 1.5% cash back on all purchases
- No initial rewards bonus
- No intro APR on balance transfers
- High regular APR
- Requires good/excellent credit

- 0% for 12 months intro on purchases
- $0 annual fee
- Bonus rewards
- High regular APR
- Foreign fee

- No membership fees
- 0% intro APR on purchases
- $750 initial rewards bonus
- No intro APR on balance transfers
- Balance transfer fee
- Foreign fee
- Requires good/excellent credit

- No membership fees
- $500 initial rewards bonus
- No foreign fee
- 1.5% cash back on all purchases
- No intro APR on purchases
- No intro APR on balance transfers
- Requires excellent credit

- No membership fees
- Low intro APR on purchases
- High rewards rate
- $250 statement credit welcome offer
- Spending caps on rewards
- No intro APR on balance transfers
- Balance transfer fee
- Foreign fee

- $750 initial bonus
- 1 - 5% cash back on purchases
- $0 annual fee
- Low intro APR on purchases
- 18.24% - 24.24% (V) regular APR
- 3% foreign transaction fee

- No annual fee
- Intro APR on purchases
- $300 initial rewards bonus
- No intro APR on balance transfers
- Balance transfer fee
- Foreign fee
- Requires excellent credit

- High rewards rate
- 100,000 points initial rewards bonus
- No foreign fee
- Membership fees
- Spending caps on rewards
- No intro APR on purchases
- No intro APR on balance transfers

- High rewards rate
- $1,000 initial rewards bonus
- No foreign fee
- High membership fees
- Requires good/excellent credit
WalletHub's Research
Why people trust WalletHub
Unlike other sites that only promote cards they're paid by, WalletHub's editors focus on finding the best cards. WalletHub makes it easy to find the best business credit cards for new businesses.
Our picks for the best credit cards for a new business in 2023
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.
Overall, WalletHub’s editors compared 1,500+ credit card offers based on their suitability for new companies and entrepreneurs of all credit levels. These cards ultimately rose to the top.
Best Business Credit Cards for New Businesses Comparison
Credit Card | Best For | Annual Fee | Credit Score |
Capital One Spark Cash Plus | Winner | $150 | Excellent |
Brex Corporate Card for Startups | No Personal Guarantee | $0 | Limited History |
Capital One Spark Classic for Business | Building Credit | $0 | Limited History |
U.S. Bank Business Platinum Card | 0% APR | $0 | Good |
Capital One Spark Miles for Business | Travel Rewards | $0 intro for 1st yr, $95 after | Good |
Ink Business Preferred® Credit Card | Travel Rewards | $95 | Good |
If you don’t know where your personal credit currently stands, you can check your credit score for free on WalletHub – the only site offering free credit scores and reports that are updated daily. This will help you find the best credit card for your new business and ensure that you’re getting the best deal on your personal loans and lines of credit, too.
How we picked the best credit cards for new businesses
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.
Sources
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.
Business Credit Cards for New Businesses FAQ
Comparing can be tough. But you’ve got the knowledgeable WalletHub community on your side. We encourage everyone to share their knowledge while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not the financial institution’s responsibility to ensure all posts and questions are answered.show more
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Featured Credit Cards
Expert Opinions
Countless variables contribute to the success or failure of a new business, including the business owner’s choice of credit card. From everyday rewards and expense-tracking tools to actually funding operations, plastic can indeed play a pivotal role. Complicating matters, however, are questions about how personal small business credit card use really is as well as uncertainties about which particular offer to use and how to use it
In the interest of helping new business owners better understand the intricacies of their credit card options, we posed the following questions to a panel of leading small business experts. You can find their bios and responses below.
- How important are credit cards to new business owners?
- Is a credit card the best way to fund a new business?
- What should a new business owner look for in a credit card?
- Are credit cards better for some new businesses than others?
- Are there any credit-card accounting issues that new business owners should be aware of?
- Are credit cards better or worse for new business owners now than before the Great Recession?
Ph.D., Instructor, Department of Economics Finance and Global Business, Christos Cotsakos College of Business, William Paterson University
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Lecturer, University of California, Santa Cruz - Economics Department
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Professor of Economics, Ness School of Management and Economics, South Dakota State University
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Assistant Professor, Baton Rouge Community College
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Ph.D., Professor of Economics, College of Arts And Sciences, Indiana Wesleyan University
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Ph.D., Professor at Weatherhead School of Management, Case Western Reserve University
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We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Actual terms may vary. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
† Approval Odds are WalletHub estimates intended to gauge your likelihood of approval for a particular product. Approval Odds are based on WalletHub data and are not provided or endorsed by the lender. Approval Odds are not meant to imply or guarantee that you will be approved by the lender or that credit will be extended. WalletHub may share your information with third-parties in order to show personalized offers, as well as enable you to interact more easily with pre-fill forms or applications. You can opt-out of sharing your personal info here.
Ad Disclosure Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by any issuer.
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