Business Credit Cards
Business credit cards help you finance your business, smooth out your cash flow, and often give you rewards and discounts for spending. Use our constantly updated comparison grid to select and apply for the one that meets your needs.
* See Corporate & Business Credit Card Applications for details about terms and conditions of offers. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Sign Up Now" button you will be directed to the Credit Card Application where you can review the credit card terms and conditions directly on the credit card issuer's website.
Compare the Top Business Credit Cards
ChooseWhat’s business credit cards comparison section makes selecting a business credit card simple by presenting the main features of each business credit card in a side-by-side comparison grid. We feature reviews of the best business credit cards and provide you with the information you need in order to determine which credit card to apply for.
Credit Card vs. Charge Card
We review both credit cards and charge cards on our site. A credit card allows you to make minimum payments and roll your remaining balance over to the next month, while a charge card makes you pay your balance in full every month. The charge cards on our site are represented with a regular APR of "N/A."
A business credit card gives your business the ability to make purchases without having to pay for them until the date your credit card bill is due. This can be really helpful with managing the cash flow of your business. For example, if you need to make purchases for your business today and cash isn’t coming into your business until two weeks later, a business credit card would allow you to make the necessary purchases now. Many business credit cards also give your purchases extra protection by allowing you to dispute transactions through the credit card companies and some even offer additional services like theft protection or additional warranties.
Advantages of a Business Credit Card over a Personal Credit Card
A business credit card has many distinct advantages over a personal credit card.
- Separate your business and personal expenses. By having a credit card that is strictly used for business transactions, you can avoid mixing business and personal transactions. A business credit card can help you keep track of your business expenses accurately and can make filing taxes easier.
- Offer credit cards to your employees. With a business credit card, you can offer credit cards to your employees with preset limits. In the case that an employee loses a credit card, only that specific credit card would need to be canceled and not your entire account. With a personal credit card, each employee must have the same credit card number, so you would need to cancel your entire account if an employee loses a credit card. It is important to note that AMEX gives unique card numbers to personal cards as well.
- Track charges on individual cards. Each credit card on your business credit card account can have a unique credit card number, so expenses can be monitored on an individual card basis (i.e. you can receive an individual statement for each credit card).
- Receive better customer service. Businesses typically spend more on their business credit cards than average people spend on their personal credit cards. As a result, credit card companies often provide better customer service for business credit card holders.
- Take advantage of lower annual fees. Business credit cards sometimes have lower annual fees than personal credit cards.
Things You Need to Apply for a Business Credit Card
You must be an owner or Authorizing Officer (President, VP, Owner, Treasurer, Member, Partner) of the company in order to apply for a business credit card.
A business credit card is personally guaranteed, so you will need most of the following information in order to apply for a card. The reason we say you need most of the information and not all of the information is that different credit card issuers require different information.
- Business Name
- Business Address
- Business Phone Number
- Federal Tax ID Number (TIN) or Employer ID Number (EIN) (not required for sole proprietorships) As defined by IRS.gov: “An Employer Identification Number (EIN) is also known as a Federal Tax Identification Number, and is used to identify a business entity.” If you don’t have a Federal Tax ID Number, you can apply online.
- Legal Structure
- Annual Business Revenue
- Number of Employees
- Years in Business
- Annual Household Income
- Social Security Number
What to Look For in a Business Credit Card
Based on our business credit card research, we created the ChooseWhat Market Standard, to which we compare all the business credit cards we review. Below is a good list of standards you should look for when deciding to apply for a business credit card.
ChooseWhat Market Standard
- No annual fee
- 0% intro APR
- 6-month intro APR period
- As low as a 16% regular APR
- Allows balance transfers
- Fraud and theft protection
- Offers rewards of 1 mile per dollar spent or 1% cash back on purchases
- 24/7 phone customer support
- Online banking access
- Ability to categorize expenses
Who Should Use a Business Credit Card?
We identified three groups of people that should use a business credit card:
- People who are starting a business
- People looking to get a better credit card for their business than their personal card
- People who are looking to use a business credit card to help finance their current business