Best Cash Back Business Credit Cards Of May 2024

Savvy business owners can earn cash rewards on all expenses by spending on a cash-back business card, which rebates business owners 1% or more on their eligible charges. Find the right cash-back business credit card for your particular circumstances after reviewing the details of our preferred picks.

Capital One Spark Cash Plus *

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The Capital One Spark Cash Plus* is a pay-in-full card that offers a straight 2% cash-back bonus on your purchases. You won’t be subject to a pre-set spending limit, allowing you to have access to capital for your growing business needs.

Rewards: Earn 2% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel.

Welcome offer: Earn $1,200 cash bonus after spending $30,000 in the first three months.

Annual fee: $150

Other benefits and drawbacks: The welcome offer for this card is one of the highest on this list, but it comes with a hefty minimum spending requirement. The card does come with an annual fee, but big spenders will get it refunded each year that they spend at least $150,000 in purchases. The card includes roadside assistance, no foreign transaction fees and extended warranty protection on eligible items purchased with the card.

Spark Cash Select from Capital One *

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The Spark Cash Select from Capital One* is a cash-back card that removes complications and roadblocks for you and your business. Simply put, you’ll earn 1.5% cash back on all your purchases without categories to worry about or remember. To make things even simpler, there’s no annual fee to worry about.

When signing up for the card, you’ll have the opportunity to earn a solid welcome bonus. The card also charges no foreign exchange fees and offers virtual card numbers to protect your account while you’re shopping online.

Rewards: Earn 1.5% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel.

Welcome offer: Earn a $750 cash bonus after spending $6,000 in the first 3 months of account opening.

Annual fee: $0

Other benefits and drawbacks: If you need cards for your employees, you won’t incur any additional expense getting cards issued for them. This is a great way for you to earn additional cash back from their purchases since the cards are an extension of your account. Other features and benefits include roadside assistance, extended warranty coverage for eligible items you purchase with your card and the ability to lock your card to prevent fraud.

Ink Business Cash® Credit Card

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The Ink Business Cash® Credit Card comes with lucrative earning categories offering up to 5% cash back, but there’s a cap on rewards. However, since there’s no annual fee, you don’t have to worry about spending enough to break even. Anyone who spends in areas typical to a business—especially if you spend less than $50,000 a year to avoid earning ceilings—may find that this card makes a good match.

Rewards: Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year and 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases.

Welcome offer: Earn $350 bonus cash back after spending $3,000 on purchases in the first three months and an additional $400 after spending $6,000 on purchases in the first six months after account opening.

Annual fee: $0

Other benefits and drawbacks: The biggest potential drawback is that there are caps on the bonus categories. If your spending exceeds the caps on those categories, you might earn more with a different card.

Ink Business Unlimited® Credit Card

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The Ink Business Unlimited® Credit Card earns flat-rate cash back on all your spending without an annual fee. This card also offers an introductory APR that can help you save money on interest. This card truly excels, though, when paired with a Chase Ultimate Rewards® card so you have access to a wide variety of valuable redemption options.

Rewards: Earn 1.5% cash back rewards on every business purchase.

Welcome offer: Earn $750 bonus cash back after spending $6,000 on purchases in the first 3 months from account opening.

Annual fee: $0

Other benefits and drawbacks: A card like this that earns a consistent cash-back rate on each dollar spent with no annual fee is a winning proposition for business owners who want easy, hassle-free rewards. You can redeem your earnings for statement credit, gift cards, travel or as straight cash back to use however you want.

If you pair this card with an eligible premium Chase card like the Ink Business Preferred® Credit CardChase Sapphire Preferred® Card or Chase Sapphire Reserve®, you’ll unlock the ability to redeem your Ultimate Rewards points for travel for 25% to 50% more value through Chase Travel℠ or transfer them at a 1:1 ratio to travel partners including United MileagePlus and the World of Hyatt.

Ink Business Premier® Credit Card

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If you routinely make purchases over $5,000, consider the Ink Business Premier® Credit Card since it gives elevated rewards on large purchases.

Rewards: Earn 5% cash back on travel purchased through Chase Travel℠, 2.5% cash back on purchases of $5,000 or more and 2% cash back on all other purchases.

Welcome offer: Earn $1,000 cash back after spending $10,000 on purchases in the first 3 months from account opening.

Annual fee: $195

Other benefits and drawbacks: The Ink Business Premier® Credit Card is a pay-in-full card, meaning the balance must be paid off on a monthly basis. However, it offers the option to pay for some eligible purchases over time with interest up to what it calls your Flex for Business limit. The card also comes with built-in protections for travel, such as no foreign transaction fees, access to roadside dispatch, cellphone protection, primary auto rental collision damage waiver, free employee cards and more.

U.S. Bank Triple Cash Rewards Visa® Business Card *

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The U.S. Bank Triple Cash Rewards Visa® Business Card* comes with generous rewards on typical areas of business spending and comes with a 0% intro APR on purchases and balance transfers for 15 billing cycles, followed by a regular APR of 19.24% – 28.24% variable. A balance transfer fee of either 3% of the amount of each transfer or $5 minimum, whichever is greater, applies. An intro offer on both purchases and balance transfers is uncommon for a business credit card.

Rewards: Earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center, 3% cash back at gas and EV charging stations, office supply stores, cell phone service providers and restaurants and 1% cash back on all other eligible purchases.

Welcome offer: Earn $500 cash back after spending $4,500 in the first 150 days of opening the account.

Annual fee: $0

Other benefits and drawbacks: If the card’s bonus categories don’t align with where your business spends, another card will be a more rewarding choice. Although the intro balance transfer offer is a nice perk, there is a balance transfer fee. The card includes a $100 credit for businesses that use software subscription services like FreshBooks or QuickBooks.

U.S. Bank Business Leverage® Visa Signature® Card

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If your business expenses vary month to month, the U.S. Bank Business Leverage® Visa Signature® Card will adapt by automatically adjusting rewards to maximize the category where you spend the most. The card earns elevated rewards in your top two spending categories each month based on an approved list.

Rewards: Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center, 2% back in the top two categories each month and 1% back per dollar on all other eligible purchases.

Welcome offer: Earn $750 in rewards after spending $7,500 in eligible purchases within the first 120 days of account opening.

Annual fee: $0 Intro Annual Fee for the first year, $95 therafter.

Other benefits and drawbacks: There’s no need to opt-in to bonus categories or track where you’re spending the most since the card will automatically adjust to how you spend. Rewards expire five years from the end of the quarter in which they were earned, which can be cumbersome to track. If you consistently spend heavily in more than two categories, you’ll likely fare better with a flat-rate rewards card.

The American Express Blue Business Cash™ Card

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The American Express Blue Business Cash™ Card (terms apply, see rates & fees) is a no-fuss business credit card that lets you earn rewards without an annual fee. Consider this card if you want to earn considerable rewards on all your spending without tracking categories, since every purchase earns at a flat rate.

Rewards: Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%.

Welcome offer: Earn a $250 statement credit after spending $3,000 in purchases in the first 3 months of account opening.

Annual fee: No annual fee

Other benefits and drawbacks: There’s no annual fee and no over-the-limit worries as The American Express Blue Business Cash™ Card offers flexible spending limits to eligible cardholders if your needs fluctuate from month to month. But a business that routinely spends more than $50,000 in a year would fare better with a card that doesn’t cap earnings rates.

Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card

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The Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card is an excellent cash-back small business credit card offering generous rewards in a variety of categories of interest to small business owners. For those who have an existing banking relationship with Bank of America or Merrill and can achieve Platinum level in the Preferred Rewards program, this card becomes best-in-class.

Rewards: Earn 3% cash back in the category of choice, 2% cash back on dining purchases and unlimited 1% cash back on all other purchases. Earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year and 1% thereafter.

Welcome offer: Earn a $300 online statement credit after spending $3,000 in the first 90 days of account opening.

Annual fee: $0

Other benefits and drawbacks: Earning bonus cash back in popular categories is nice, but keep in mind that you’ll only earn bonus rewards up to a $50,000 spending cap. Still, this card leaps to the front of the pack for Bank of America customers who are part of the Preferred Rewards program. Depending on the total amount a Preferred Rewards member has in their qualifying accounts, they can earn up to 75% more rewards for each dollar spent on their Bank of America rewards cards.


Methodology

When considering the best cash-back credit cards for businesses, we compared not only the various earning structures but the overall combination of benefits each card offered. We went through over 50 options and considered the following factors when it came time to pick our top choices:

  • Business benefits
  • Travel benefits
  • Rewards rates
  • Redemption options
  • Credit card fees
  • Intro APR offers
  • Welcome offers
  • Additional benefits

Forbes Advisor rates cards both as stand-alone products (the card rating on the review) and compared to others in a specific use case (the card rating you see on a specific “Best” list). The rating for each card changes on different “Best” lists according to how a person looking for a card in that category may value certain card features.

For instance, a card that might be considered mediocre on a list of rewards cards could be the top card on a list of rewards cards with no annual fee. That’s because the card might offer limited features compared to other rewards cards, but after we remove cards that charge an annual fee, it’s the best card that remains.

Forbes Advisor uses data from multiple government agencies to determine how much a typical cardholder might spend. We use the same numbers for cards in the same category to make sure we are comparing cards the same way. The bonus categories for spending included with each card are factored into our determination of how many rewards a cardholder could expect to earn if they use the card as a consumer normally would.

Read more: How Forbes Advisor rates credit cards


Table of Contents


What Is a Cash-Back Business Credit Card?

A cash-back business credit card is any credit card designed for and issued to businesses and earns rewards in the form of cash back. Often, cash-back business credit cards earn at higher rates in common business expense categories, such as office supplies and internet or phone service, with a smaller cash-back rate on general purchase categories. These cards often come with business-oriented benefits as well.

Cash-back business credit cards can help keep personal and business expenses separate. Keep in mind, however, that business credit cards may still require personal guarantees from the primary cardholder in the event a business lacks sufficient business credit history or collateral.

How Do Cash-Back Business Credit Cards Work?

Every time you make a purchase with your cash-back business card, you’ll earn a percentage back on your spending. The amount you earn will depend on your particular card’s terms. For instance, 1% cash back on a $100 purchase equates to $1 in cash-back rewards.

Earning Cash Back With Business Credit Cards

  1. Review cash-back business card options and apply for one that suits your needs. Compare earning rates, annual fees, spending limits and other card details, and learn more about how cash back works to optimize your rewards potential.
  2. Charge your business expenses to the card. Most cash-back cards reward you on all purchases. If you hold multiple rewards cards, pay with the card offering the highest rewards rate for that particular purchase.
  3. Check your rewards balance monthly. Many credit cards update your rewards balance once a month after your billing statement closes.
  4. Redeem your rewards. Some cards may automatically apply your cash back to your statement balance, but others require you to manually request cash back. In some cases, you may also have additional types of redemption options.

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