Some cards give you a percentage of cash back incentives regardless of what you buy. Others offer tiered rewards based on where you use them. Some even offer you bonus cash if you spend a specific amount within the first few months of opening an account.
Moreover, if you pay off your balances in full every month, the cash back incentives equate to free money. All told, there are many different options available to help your business maximize rewards. Here are the best cash back credit cards for business.
Pros:
0% introductory APR for the first year5% cash back on office supplies and home internet serviceNo annual feesCash bonus of $750
Cons:
Lower cash back incentive on all purchases relative to other offerings
Pros:
Ability to choose a 3% bonus categoryNo annual fees0% introductory APR for the first 9 monthsPreferred Rewards for Businesses give you more ways to maximize incentives
Cons:
Cap on highest cash incentives per year (first $50,000 combined in the chosen category and dining)
Pros:
0% APR for first year on all purchases and balance transfers 3% cash back bonuses on purchases at office supply stores, cell phone service/providers, and gas stationsNo annual feesCash bonus of $500 when you spend $4,500 within the first 150 days of account opening
Cons:
Some cards offer higher cash back incentives
Pros:
2% cash back on the first $50,000 of qualified purchases0% introductory APR for first 12 monthsFlexible purchasing powerNo annual fee
Cons:
You do not have a choice in how to redeem cash back rewards (American Express credits them to your statement)
Moreover, some of these options also include higher cash back incentives for specific categories (office supplies, home internet, cell phone, etc.) So, if your company uses these services often, it is a convenient way to maximize cash back rewards.
Best card for home office rewards: Chase Ink Business Cash
If you make many home office purchases, this is a smart credit card to have. Ink Business Cash by Chase gives you cash back rewards of 5% on home supplies and home internet service for the first $25,000 spent each year. Whether you need new computers for your staff or a way to cut internet expenses, the cash back rewards help you achieve what you need.
Best card for flexible rewards: Bank of America Business Advantage Customized Cash Rewards
Most business credit cards categorize cash back rewards for you. With this card, you have the power to choose the category that best fits your needs. You can earn 3% cash back on categories like computer consulting services, office supply stores, travel, and more. Overall, this card offers unrivaled flexibility in helping your business gain incentives.
Costco Anywhere Visa Business Card by Citi
You earn 4% cash back rewards on gas and EV charging purchases at Costco for the first $7,000 spent, then 1% after. The 3% cash back incentives on restaurants and eligible travel expenses are hard to beat for business travelers. Then there’s the 2% bonus on all purchases made at Costco or Costco.com. All other purchases qualify for 1% cash back. There is no annual fee and no foreign transaction charges.
