In the United States, there are a large number of credit cards to choose from. Business credit cards come in many different types and offer unique features. In order to receive the best advantages, you need to know which credit card is right for your business’s needs. Therefore, we compiled a list of the top 5 business credit cards that have been announced for the year of 2022.
Top 5 Business Credit Cards in USA
In an effort to make choosing a business credit card as easy as possible, we have compiled a list of the top 5 credit cards from some of the major issuers. The benefits and features vary and depending on your business’s needs, you can determine which card is best for you. Here are our top 5 picks for the most luxurious business credit cards in the United States.
5. American Express Centurion
The American Express Centurion® is a charge card that carries an annual fee of $7,500 per year and comes with several unique features to help your business save money on travel and entertainment.
The most notable feature is the $200 airline fee credit, which is good for incidental fees such as baggage charges and in-flight food or beverage purchases. You will also receive a $100 hotel credit on qualifying charges when you book using the American Express travel portal (these credits reset and renew with your membership). Finally, you can receive a credit for Global Entry application fee ($100) once every 5 years if you apply using an American Express card.
Other benefits include airport lounge access to Delta SkyClub, Priority Pass Select, and Airspace Lounges; access to Fine Hotels & Resorts Program; free Boingo Wi-Fi hotspots worldwide; and $37,500 in travel accident insurance among others.
4. The Business Gold Rewards Card from American Express OPEN
The Business Gold Rewards card is one of the best business credit cards because it offers what many other business charge cards do not – rewards! This card also carries an annual fee of $150 after your first year and for that fee, you’ll get 3X points on one of the following categories: airfare purchased directly from airlines, U.S. purchases for advertising in select media, gas stations, shipping, and computer hardware, software & cloud computing purchases made directly from select providers.
You will also earn 2X points on the four remaining signature categories that are not selected as one of your 3X points. These categories are: lodging, gas stations, shipping, and computer hardware, software & cloud computing purchased from select providers. You will also receive an anniversary bonus of 25,000 points which you can use for gift cards or statement credit. The sign-up bonus alone is good for $250 in gift cards or statement credit.
Finally, you’ll get 50,000 bonus points when you spend $5,000 on the card within your first 3 months of membership. This is enough for $500 in travel! Other benefits include no foreign transaction fees and up to $100 reimbursement for TSA PreCheck or Global Entry application fee. You can also get extended warranty protection for up to one additional year on warranties of five years or less.
3. American Express Business Platinum
The Platinum Card from American Express is great for the business traveler since it comes with many travel related perks. The card carries an annual fee of $450 and while this may seem high compared to other options, the benefits can really help your business save.
The Platinum Card from American Express comes with the best travel accident insurance on the market – up to $1,000,000 for employees and family members that are traveling on someone’s else business account. You will also have access to a Global Dining Collection where you can get a complimentary 3-course meal at select establishments around the world.
You will also receive a credit to cover TSA Precheck or Global Entry application fee ($100). Other travel benefits include access to over 1,000 airport lounges worldwide with your membership in Priority Pass Select and unlimited WiFi through Boingo Hotspots. Finally, you’ll get all of this for no foreign transaction fees.
2. Ink Plus® Business Credit Card
The Ink Plus® Business credit card is one of the best business credit cards for small businesses due to its high rewards rate, flexible redemption options, and bonuses available when you spend over $5,000 within the first 3 months of account opening. This card also comes with an affordable $95 annual fee (waived for the first year) and no foreign transaction fees, which makes it great for business traveling overseas.
Your ink card is also equipped with the latest technology so you can accept chip cards at your business. The cash advance rate on this card is 25.24% and the purchase APR is 24.49%. For a business with excellent credit, the rewards you can get from this card are great. You will earn 5 points per dollar on the first $50,000 spent annually at office supply stores, and on cellular phone, landline, internet and cable TV services.
You’ll also earn 1 point per dollar on every other purchase and these points can be used to redeem cash back starting at 1 cent per point. You will also have access to a 40,000 bonus for spending $5,000 within 3 months of being approved. That’s enough for a $400 statement credit!
1. Capital One® Spark® Classic for Business
If you’re looking for a travel rewards credit card for your small business, the Capital One Spark Classic is a great option. While it does not offer bonus points when you meet a spending requirement, the 1.5% cash back on all purchases can add up quickly. You’ll also receive a one-time bonus of 50,000 ($500 in statement credits) once you spend $4,500 on purchases within the first 3 months of account opening.
There is no annual fee and your purchase APR is a flat 14.99% for both purchases and balance transfers. Cash advance APR is 21.74%. Like most other cards on this list, foreign transaction fees are waived so you can use the card when traveling overseas.
One of the best features of this card is that there are no blackout dates when you redeem your cash back for statement credits towards travel expenses. Other spending categories include restaurants, gas stations and even on select hotels, so you can earn cash back on a variety of purchases. There is also a sign up bonus opportunity – 10,000 bonus points after you make $1,000 in purchases within the first 3 months of account opening.