Top 5 Business Credit Cards Offering Cashback Rewards
Discover the top five business credit cards offering cashback rewards, with options suitable for various spending habits. These cards help streamline expenses and maximize cashback benefits, making them ideal tools for business owners seeking financial efficiency and rewards. Learn about sign-up bonuses, cashback rates, fees, and other features to choose the best card for your enterprise.
Top 5 Business Credit Cards Offering Cashback Rewards
Cashback rewards are among the most straightforward incentives offered by credit cards. Essentially, cashback is a monetary reward given to cardholders on eligible purchases. These cards function like flexible discount vouchers that apply to various expenses.
If you run a business, possessing at least one credit card is highly recommended. Using a credit card for expenses can enhance profitability and streamline financial tracking, replacing checks or invoices. Separate business credit cards with cashback features help distinguish business transactions from personal spending, which is useful if a hobby evolves into a business, especially for tax purposes.
- Capital One Spark Cash for Business: This card offers unlimited 2% cashback on all purchases, potentially returning thousands annually. It also features a $500 sign-up bonus after spending $4,500 within the first three months. No category restrictions apply, and there is no annual fee for the first year, followed by a $59 fee. Cashback can be redeemed any time and for any amount, and employees can also use the card to earn rewards.
- Capital One Spark Cash Select for Business: With a straightforward 1.5% unlimited cashback, this card allows your business to earn substantial rewards. A $200 bonus is available if you spend over $3,000 in the first three months. The card offers a 9-month 0% APR period, with a variable rate afterward ranging from 13.99% to 21.99%. It has no annual fee, and rewards do not expire, providing flexible redemption options.
- SimplyCash Plus Business Credit Card: Earn 5% cashback on office supplies and communications, with a 3% rate on categorized purchases. The initial nine months feature a 0% APR, and there’s no annual fee. While it lacks a sign-up bonus, its customizable categories and over-limit cashback benefits make it suitable for diverse business needs.
- Ink Business Cash: This card provides 5% cashback on office supplies and communication expenses, and 2% at gas stations and restaurants, ideal for mobile or travel-heavy businesses. A $300 bonus is offered for spending $3,000 in the first three months. Cashback rewards are ongoing with no expiration, and there’s no annual fee.
- Cash Rewards for Business: With a 3% cashback on office and gas purchases and no annual fee, this card offers a $200 statement credit after spending $500 within two months. The 0% APR for the first nine months helps manage interest on new expenses.
