Applying for business credit cards is a great way to earn more miles and points than you already do, but many people don’t apply for business cards because they incorrectly believe they don’t qualify.
You don’t need to have employees, nor does your business need to be profitable. You can use your social security number instead of an EIN on the application. Your business doesn’t even need to have it’s own name or separate address from your personal one!
Sell things on Etsy? Ebay? Bake sales? Yard sales? These are legitimate businesses to open a business credit card for.
Learn more in How to Get Approved for Business Credit Cards.
And just because you have a consumer version of a credit card does not mean you can’t get the business version of the same card. If a co-branded card is available for consumers and businesses, they are generally considered separate products in terms of card eligibility. For example, if you have the Delta Gold Amex card–the consumer version–you can still open and receive the bonus on a Delta Gold Business Amex.
Without further ado, here are the ten most lucrative business credit cards/offers on the market right now.
The Chase Ink Business Preferred Credit Card offers 80,000 bonus Ultimate Rewards after spending $5,000 in the first three months. Ultimate Rewards transfer 1:1 to United, British Airways, Singapore, Korean, Southwest, Virgin Atlantic, Hyatt, and more.
The Ink Preferred earns 3x points on travel; shipping; internet, cable, and phone services; and search engine or social network advertising (on the first $150,000 spent annually), and 1x points on everything else.
You’ll also get up to $600 in coverage per claim in cell phone protection against theft or damage for you and your employees, as long as you pay that cell’s bill with the Ink Preferred.
For only $95 a year, this business card offers solid benefits and return on spending as a stand-alone card. I think it’s the best option for the price.
The Chase Ink Business Cash Credit Card technically comes with a $500 cash back sign up bonus for spending $3,000 within the first three months, but what you are actually earning is 50,000 bonus Ultimate Reward points. They are a different kind of point than what’s earned by the Chase Sapphire Reserve or Ink Business Preferred.
I said technically above because it is marketed as a cash back card. But the Ultimate Reward points it earns don’t have to be redeemed for 1 cent each, as most card advertisements lead you to believe. If you have a Chase Sapphire Preferred, Sapphire Reserve, or Ink Business Preferred, you can transfer the 50k Ink Business Cash Ultimate Rewards to one of those accounts to turn them into the kind of Ultimate Rewards earned by the respective account… that are transferrable to nine airline or three hotel loyalty programs for outsized value on international/premium cabin award flights and expensive hotel rooms. This increases their value to somewhere around 2 cents each (meaning 50k Ultimate Rewards would be worth around $1,000 instead of $500).
Alternatively, moving them to your Sapphire Reserve card also means you can redeem the points for 1.5 cents each on cash flights through the Chase travel portal, which is often the better deal (compared to turning them into airline miles) for domestic flights.
Category bonuses on this card are lucrative as well:
- 5 Ultimate Reward points per dollar on the first $25,000 in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services.
- 2 Ultimate Reward points per dollar on the first $25,000 in combined purchases at gas stations and restaurants
And you get all of this for no annual fee, ever. Just don’t charge foreign purchases on it as you’ll get hit with fees.
If you have a Sapphire Reserve, Preferred, or Ink Business Preferred, then I highly recommend scooping up this card for its earning potential with that 5x category bonus points in business specific expenses. Even if you don’t have one of those other Chase cards, 5x points redeemed as 5 cents cash back from cell phone, landline, internet, and cable TV services is a fantastic return.
The Chase Ink Business Unlimited Card offers a sign up bonus of $500 cash back for spending $3,000 within three months of account opening. Just like the Ink Business Cash, however, if you also hold a Sapphire Reserve, Preferred, or Ink Business Preferred, then you can transfer those Ultimate rewards earned by the Ink Business Unlimited to your other Chase account and they magically turn into the kind of Ultimate Rewards that can be transferred to airline loyalty programs, increasing their value dramatically.
What’s also pretty appealing about this card, which is the business counterpart to Chase’s Freedom Unlimited consumer card, is that it will earn 1.5 points on ALL purchases with no cap. That’s a great return (especially if you can transfer those Ultimate Rewards to a more valuable account) for no annual fee. This card charges foreign transaction fees so it won’t be a good option to use when traveling.
While not unusual for business cards, the minimum spending requirement on the Business Platinum from American Express is rather high–$10,000 within three months of opening the card will get you 50,000 bonus Membership Reward points, and an additional $10,000 in spend will earn you an additional 25k bonus Membership Reward points within the same three month period. A 75k bonus is a big chunk of rewards though. I don’t recommend manufacturing spend on Amex cards, as they are known for clawing back points for that kind of behavior. If you can manage the spending organically, you’ll be getting about a 9.5% return on spend (using my valuation of Membership Rewards which is 2 cents each).
The card comes with many of the same valuable perks that the personal Platinum does, like $200 in airline incidental fee credits every cardmember year (but not up to $200 in Uber credit like the Platinum Card from American Express).
You’ll also get some unique benefits like:
- 5x points on airfare and prepaid hotels booked through the Amex travel portal and 35% points rebate when paying with Membership Rewards for air travel booked through the Amex travel portal. The rebate applies to one designated airline when buying economy tickets, but any airline when purchasing premium cabin tickets.
- 1.5x points on each eligible purchase of $5,000 or more
- One year of complimentary Platinum Global Access from WeWork (international co-working space). This is a reason in itself to open the Business Platinum Card, as normally this access cost $2,700.
- $200 in statement credits annually for U.S. purchases with Dell
- $100 hotel credit for qualifying hotels booked through Amex Travel.
The annual fee is $595. No foreign transaction fees are collected.
The draw for the majority of the credit cards on this list are their big sign-up bonuses. That’s not the case with the Blue Business Plus Credit Card from American Express which does not currently come with an intro bonus. The fact that it earns 2 Membership Reward points per dollar spent on all everyday business purchases makes it the best small business credit card for everyday spending available. Note that the 2 points per dollar earned applies to the first $50,000 in purchases per year, and you’ll earn 1 point per dollar thereafter.
If you have lots of spending power that wouldn’t otherwise earn a higher category bonus on another card, then the Blue Business Plus Credit Card from American Express is a fantastic option for you. This card is a heavy-hitter for long-term value, especially because it has no annual fee! Just don’t use it abroad or you’ll incur foreign transaction fees.
6. Barclaycard AAdvantage Aviator Business MasterCard
The Barclaycard AAdvantage Aviator Red World Elite MasterCard offers a whopping 65,000 bonus American Airlines for spending just $1,000 on the card within three months! You can get another easy 10,000 bonus miles when an employee makes their first purchase on an authorized user card, for a total of 75,000 bonus AAdvantage miles.
Other benefits include two American Airlines miles for every dollar spent on American Airlines purchases, as well as office supply, telecom and car rental merchants. You and four traveling companions get a free checked bag, plus other American specific perks like a discount on inflight purchases and preferred boarding. By spending $30k on the card within a cardmember year, you’ll earn a Companion Certificate ($99 + taxes for a companion on any flight).
This card does not charge foreign transaction fees. The annual fee is $95 a year.
The brand new Chase Southwest Rapid Rewards Performance Business Credit Card comes with a massive 80,000 point bonus which makes getting a Companion Pass easy. Personally, I think that is the most exciting thing about this card. And as long as you’re a regular Southwest Flyer, the perks will pay for the $199 annual fee.
- 9,000 bonus points after your Cardmember anniversary (worth ~$135, bringing the effective annual fee to $64)
- Category bonuses: 3 points per $1 spent on Southwest Airlines® purchases, 2 points per $1 spent on social media and search engine advertising, Internet, cable and phone services and 1 point per $1 spent on all other purchases.
- 4 Upgraded Boardings per year when available
- 365 $8 Inflight WiFi Credits (wifi access on one device costs $8)
- Global Entry or TSA Pre✓ Fee Credit (worth up to $100)
- No foreign transaction fees
All you need is a little extra spending, or (if you want to fast track the process) open one of the consumer cards or the other Southwest business card, the Southwest Rapid Rewards Premier Business card.
For spending $5,000 on the Chase United Explorer Business Card within three months, you’ll get 50,000 bonus United miles. If you spend $25,000 within the first six months of opening the card, you’ll get an additional 50,000 bonus miles. That means you’ll earn at least 125,000 miles for spending $25,000 on your card within six months, or in other words, 5 United miles per dollar spent.
The card comes with 2 United miles per dollar spent on United purchases, as well as restaurants, gas stations, and office supply stores purchases.
You also get a ton of perks United related perks–one highly valuable and non-marketed one being extra MileagePlus award space called “last seat availability”. This basically means cardholders have access to more United award space than non-cardholders.
You and one travel companion can check your first bag for free to save up to $120 per roundtrip flight. You and anyone on your reservation get Priority Boarding, which means you get to board before the majority of people and have a better chance to get your carry on luggage in the overhead bin. You’ll also get two passes for the United Club per year, and if you’re a MileagePlus Elite, cardholders are eligible for upgrades on domestic award travel.
Businesses that utilize Fedex will be happy to hear about the newest benefit just added to the American Express Business Gold Card: $500 back in statement credits for qualifying FedEx services. But it’s the 4x category bonuses that should catch the attention of businesses with regular spending that falls in those categories.
The Business Gold has customizable category bonuses with unique options to choose from. You’ll get 4x Membership Reward points on the two categories (out of those listed below) that your business spends the most in each billing cycle (on up to $150k in combined purchases each calendar year):
- Airfare purchased directly from airlines
- U.S. purchases for advertising in select media (online, TV, radio)
- U.S. purchases made directly from select technology providers of computer hardware, software, and cloud solutions
- U.S. purchases at gas stations
- U.S. purchases at restaurants
- U.S. purchases for shipping
The annual fee of $295 is not waived the first year.
The Capital One Spark Miles for Business Card comes with 50,000 “miles”–worth $500 towards travel purchases– after spending $4,500 on the card in the first three months.
I called the card’s rewards “miles” because they’re not like traditional airline miles, but rather bank-issued points like Amex Membership Rewards or Chase Ultimate Rewards. There are two ways to redeem Spark miles:
- 1 cent each toward any travel expense. The 50k bonus miles are worth $500 in travel credit if you decide to redeem Spark miles this way.
- Transfer to various airline partners at a rate of 2 Spark miles to 1.5 or 1 airline mile(s) depending. Partners include Flying Blue, Aeroplan, Etihad Guest, Singapore Krisflyer, and Avianca LifeMiles and more.
You’ll earn 2 Spark miles per dollar spent on everything you charge to the card. The Capital One Spark Miles for Business does not charge foreign transaction fees and has a $95 annual fee that is waived the first year.
Before rushing to sign up for new cards, remember to take into account that some miles are better than others for getting to specific destinations–not to mention issuing bank rules concerning eligibility if you have/had rewards cards in the past.
- If you need help deciding which card is the right one for you, try our Free Credit Card Consultation Service. We’re happy to help guide you in the right direction towards effectively and efficiently collecting the appropriate rewards.
- Need help redeeming your miles efficiently? Try our Award Booking Service. You send us your goal and current balances, and we do the work making sure your miles are stretched as far as possible.