If you are a small business owner, there are a variety of options available for getting a business credit card. But not all business credit cards have the same options, and the definition of a “good business credit card” can mean different things, depending on your business goals and the way you want to use the card.

Here are a few key considerations to keep in mind when choosing a good business credit card to make sure you get the right options and features.

Costs of Having the Card

There are costs involved with having a business credit card, and the important one that most people pay attention to is the APR: In case you sometimes carry a balance, what interest rate will you have to pay on the card?

You should also consider the broader picture of the full costs of carrying that business credit card. For example, does the card have an annual fee? It might be worth getting a card with a lower APR with a small annual fee, instead of a no-fee card with a higher APR. Consider the pros and cons of each option, based on how you plan to use your business credit card.


Many business credit cards offer rewards such as frequent flier miles or cash back for making purchases with the card. Consider which rewards offer the best overall deal. Some cards offer 1% cash back on all purchases, or a higher cash back percentage on certain specific categories of spending. Decide which one best suits your company’s needs and spending habits.

According to Mercator Advisory Group, small business credit card accounts totaled 13.9 million as of 2015.1

Rewards for Your Style of Business

How do you most frequently use your credit card for your business? To travel? Entertain clients? Make big purchases that need to be financed?

When the card will be used for travel-related purchases or entertainment, find a card that has rewards suited to travel — such as frequent flyer miles or extra rewards points, such as extra cash back for purchases made at certain restaurants or for certain categories of entertainment-related spending.

Or look for special APR offers (like a 0% introductory APR offer) that can help you pay for a big one-time purchase for your business without racking up lots of interest charges. Fortunately, there are many options available for business credit card rewards that can help you find the best fit for your overall needs.

Ask About Perks

Some business credit cards offer a few other specialized perks, like free airline lounge membership, free airport WiFi hotspots and more.

Another perk to look for is extra bonus points: Some cards will offer you bonus points if you spend a certain amount on the card within the first few months. If you know you’re going to have some big purchases coming up, it might be worth getting a new business credit card and putting those purchases on the new card to reap the rewards.

Leveraging a good business credit card is an ideal way for small business owners, entrepreneurs, freelancers and consultants to track business expenses while earning valuable rewards. Shop around and evaluate your options to find a business credit card that is ideally suited to your spending.

Updated October 10, 2018


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