Best Business Credit Cards of October 2024

The best business credit cards provide valuable rewards and benefits designed to help entrepreneurs and small business owners grow their businesses. Get started with Airwallex.

The best business credit cards serve as invaluable resources for entrepreneurs and small business owners by providing tailored rewards and benefits that promote growth and streamline cash flow management. These cards enable users to easily manage large purchases and handle everyday expenses, ensuring that cash flow remains stable. One of the most advantageous aspects is that you don’t need a formal business structure or substantial revenue to apply. In fact, approval for most business credit cards largely depends on your personal credit history. This means that even freelancers and individuals with occasional side gigs can qualify for a business credit card and take advantage of the benefits it offers.

Benzinga reviewed some of the best business credit cards for this month to help you maximize your company's spending. Be sure to compare the features and benefits of each card to find the one that aligns best with your business goals.

Quick Look at the Best Business Credit Cards:

• Best for International Business: Airwallex
• Best for Business Overall: Delta SkyMiles® Gold Business American Express Card
• Best for Budgeting: Divvy from BILL
• Best for No Annual Fee: American Express Blue Business Cash™ Card
• Best for Start-Ups: Brex
• Best for Small and Mid-Sized Businesses: Ramp
• Best for Fair Credit: Capital One Spark Business Classic

Best Business Credit Cards

Wondering which is the best business credit card to have? This depends on your unique financial situation and business goals. Explore your top options below to find the best credit card for your business.

1. Best for International Business: Airwallex

With its seamless integration of financial services and cutting-edge technology, Airwallex has become a go-to option for companies looking for a reliable and efficient payment solution. The company operates in 23 locations globally and specializes in providing multi-currency business accounts. Its credit card product has been gaining popularity among businesses of all sizes. It features real-time spending notifications, competitive exchange rates and no international transaction fees.

One of the key features of the Airwallex Borderless Card is the ability to set individualized spending limits for different employees. This allows businesses to monitor and manage spending in real-time. This feature is particularly useful for businesses with teams spread across different countries.

Why We Picked It: Airwallex is a great choice for businesses looking to streamline their international payments and expand their global reach. With competitive rates, fast transactions and a range of additional financial services, Airwallex is truly the best option for businesses engaged in international trade.

2. Best for Business Overall: Delta SkyMiles® Gold Business American Express Card

The Delta SkyMiles® Gold Business American Express Card is easily one of the best business credit cards where the annual fees does not incur an additional monetary burden. Already the annual fee is covered with an annual statement credit of up to $150 after using your credit card to book prepaid hotels or vacation rentals through Delta.com. Users also receive a 20% savings in the form of a statement credit on eligible Delta in-flight purchases made with the credit card. Specifically for businesses, one of the hottest perks is earning two miles per dollar spent on purchases at shipping and advertising providers in the United States.

Other benefits include:

• First Checked Bag Free on Delta Flights + Zone 5 Priority Boarding
• Primary car coverage
• No foreign transaction fees
• Consolidated billing for all members

New card members can earn 90,000 Bonus Miles after spending $6,000 in purchases in the first six months of account opening. $0 introductory annual fee for the first year, then $150. 

Why We Picked It: The is a fantastic credit card option for businesses looking to maximize their travel rewards. With its generous welcome offer, bonus miles on Delta purchases and a range of valuable perks, this credit card is a smart choice for businesses of all sizes.

3. Best for Budgeting: BILL Divvy Corporate Card

BILL Divvy Corporate Card is one of the most dynamic credit cards for businesses. It offers a line of credit of up to $5 million for business owners and managers. With Divvy, you can get:

• No annual fees
• Flexible rewards options
• Unlimited virtual cards
• Employee cards
• Admin card control
• Budgeting options
• Automatic integration with Divvy

Using this line of credit allows your business to grow in its own time. Plus, you can apply online at any time, get an idea of what you can be approved for and ensure that your business has ready access to funding.

Why We Picked It: The BILL Divvy Corporate Card is a great credit card option for businesses looking to improve their budgeting process. With its user-friendly features, customizable controls, and integration with accounting software, this credit card makes managing expenses simple and efficient.

4. Best for No Annual Fee: American Express Blue Business Cash™ Card

Amex has several business credit cards to choose from but American Express Blue Business Cash™ Card stands out as the best Amex business card for its $0 annual fee and cash back rewards. There is 2% cash back on all eligible purchases, up to $50,000 in purchases in a calendar year, then you can expect 1% cash back on purchases thereafter. New cardmembers can enjoy a welcome offer of $250 statement credit after meeting the spending requirement. The credit card also offers a 0% intro APR on purchases for 12 months.

Though Amex has limited acceptance compared to Visa and Mastercard, the Expanded Buying Power feature allows for larger purchases beyond credit limit. Businesses can also get additional employee cards at no extra cost.

Why We Picked It: American Express Blue Business Cash™ Card is a solid choice for credit card for small business owners. With no annual fee, business owners can take advantage of its valuable cash back rewards and a range of additional perks.

5. Best for Start-Ups: Brex 

Specifically designed for tech start-ups with investor backing, the Brex corporate credit card and financial management operating system work in conjunction to get your business the credit it needs. Brex provides you credit using the Employer Identification Number (EIN). This means that your credit limit is based on your company’s finances, not yours.

Brex doesn’t require a personal guarantee or a credit check, so your personal credit isn’t on the line. There’s no fees for using Brex — no annual fees, no foreign transaction fees, and no interest fees. It relies on fees from the merchants you spend with.

You’ll get a ton of bonuses for using this credit card. Earn up to 7x reward points that can be used as statement credits or purchases. Brex partners with companies you’re already using like Slack and Zoom to bring its corporate credit card users stellar discounts.

Why We Picked It: With no personal guarantee required, higher credit limits, valuable rewards and benefits, powerful expense management tools, and an easy approval process, Brex is the ideal partner for start-up businesses looking to grow and thrive.

6. Best for Small and Mid-Sized Businesses: Ramp

Ramp is a business credit card that helps you get past the traditional card issuers and access expense management options, bill payment services, integration for accounting and real-time reports. You can even integrate your accounting software like QuickBooks, Xero, Sage and Netsuite with the platform so that you can more easily transfer information and track where your money is going.

Ramp also offers an easy way to review your spending patterns, plus unlimited physical and virtual cards, no annual and foreign transaction fees.

Why We Picked It: Ramp is a game-changer for small and mid-sized businesses looking to take control of their finances. With its focus on transparency, control, and savings, Ramp is the best credit card choice for businesses looking to streamline their financial operations and maximize their bottom line.

7. Best for Fair Credit: Capital One Spark Business Classic

If your credit score is just so-so, the Capital One Spark Classic Business card may be a solution to get your business hooked up with a credit card. Fair credit could mean you have limited credit or that you have a scuff or two on your credit report like defaulting on a loan.

Capital One doesn’t skimp on rewards with this credit card in exchange for its relaxed standards. With no annual fee, you’ll earn 1% cash back on your purchases with this card. And the Spark Classic credit card comes with free employee cards, $0 fraud liability and other useful employer perks.

Why We Picked It: The Capital One Spark Business Classic is a suitable credit card for individuals with fair credit score, allowing business owners to build or rebuild their credit. With flexible payment options and potential credit limit growth, it serves as a good foundation for establishing business credit.

What Is a Business Credit Card?

A business credit card is a specialized type of credit card that is specifically designed for business owners to help them manage their company's expenses. It is similar to a personal credit card but offers additional features and benefits tailored to the needs of a business.

Business credit cards typically come with higher credit limits than personal credit cards. This allows businesses to make larger purchases and cover more expenses. They also often have rewards programs that offer cash back, airline miles or other perks for business-related spending.

Types of Business Credit Cards

Here are some common types of business credit cards to consider:

• Small business credit cards: These cards are specifically designed for small businesses to help business owners manage their expenses, track spending and build credit history for their company.
• Corporate credit cards: These cards are issued to employees of a company for business expenses. Corporate credit cards are typically used for business travel expenses, office supplies, client entertainment and other company-related purchases. They streamline expense reporting, provide a way to track employee spending and offer potential credit card rewards or cash back benefits.

Pros and Cons of Business Credit Cards

Like any financial product, business credit cards come with both benefits and drawbacks. Keep these things in mind before applying for one.

How to Find the Best Credit Card for Your Business

Choosing the best business credit card for your company will depend on your specific needs and goals. However, there are some common factors to consider to maximize the benefits.

• Rewards and benefits: Look for a credit card that offers rewards and benefits that align with your business spending habits. Whether you prefer cash back, travel rewards or other perks, choose a card that will help you maximize your benefits.
• Fees and interest rates: Consider the annual fee, annual percentage rate (APR) and other fees associated with the credit card. Make sure to compare different cards to find one with competitive rates and fees.
• Credit limit: Determine how much credit your business needs and choose a card with a credit limit that meets your requirements.
• Introductory offers: Look for cards that offer introductory bonuses, such as sign-up bonuses or 0% APR for the first few months. These credit card offers can help you save money and maximize your benefits in the short term.
• Customer support: Consider the customer service reputation of the credit card issuer. Look for a reputable company with good customer service reviews, as this can make managing your account easier in the long run.
• Additional features: Consider any additional features that may be important to your business, such as expense tracking tools, employee cards or fraud protection.

How to Apply for a Business Credit Card

Here are the steps to take when applying for a business credit card:

1. Research different credit card options: There are many different business credit cards available, each with its own benefits and rewards program. Take the time to research different options and choose a business card that best fits your needs.
2. Gather necessary documents: Before applying for a business credit card, gather all the necessary documents that may be required, such as proof of business ownership, financial statements and personal identification.
3. Apply online or in person: You can apply for a business credit card online through the credit card issuer's website or in person at a bank branch. Make sure to fill out the application accurately and completely to avoid any delays in the approval process.
4. Wait for approval: After submitting your credit card application, the issuer will review your business and personal credit history to determine if you qualify for a business credit card. Approval can take anywhere from a few days to a few weeks.

Once you are approved for a business credit card, use it responsibly — make payments on time, keep your credit utilization low and monitor your account for any suspicious activity.

Maximize Your Business Potential

Creating a successful business doesn’t come cheap and there are many benefits to having a solid business credit card that gives back as you spend. A business card can be a great resource for building your credit, opening up your access to larger amounts of capital later. Be sure to compare the features, rewards, fees and benefits of each card before making a decision to ensure that you are selecting the best business credit card for your company's financial needs. Start with Benzinga’s list to find the best credit card for your business today.

Frequently Asked Questions