Category: Business Card Companies

Best business credit cards of March 2024

Whether you’re a start-up co-founder or a mom-and-pop store owner, you might benefit from having a business credit card. Business credit cards offer specific perks and advantages that are beneficial to small business owners.

Unlike personal credit cards, business credit cards enable you to separate your personal and business expenses, access larger lines of credit, and earn rewards in business-related spending categories. 

To determine the best business cards, we analyzed more than 40 cards and evaluated them based on factors like the annual fee, the rewards rate, the annual percentage rate (APR), the perks, and the insurance and protections. 

See our full methodology here.

The best business credit cards

The best business credit cards of March 2024

Note: Rates, fees, and account requirements are subject to change.

Best Flat Cash-Back Card: The American Express Blue Business Cash™ Card

American Express Blue Business Cash™ Card

Intro Bonus


$250 statement credit after you make $3,000 in purchases on your card in your first 3 months






0% intro offer 0% intro APR on purchases for 12 months from date of account opening (after that, the variable APR will be 18.49%–26.49% variable)
Annual fee $0
Regular APR 18.49%–26.49% variable


Why we like this card 

Of the business credit cards we ranked, the American Express Blue Business Cash™ Card had the highest flat cash-back rate: Cardholders earn 2% cash back on all eligible purchases on up to $50,000 per calendar year (then 1%). This means you can earn $1,000 cash back annually by spending up to the $50,000 cap. Plus, the card has a $0 annual fee, so you won’t have to pay to get these stellar cash back rates.

You can even earn a welcome

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Here’s How Much They Will Set You Back By Benzinga


© Reuters. Elon Musk, Steve Jobs Autographed Business Cards Up For Auction: Here’s How Much They Will Set You Back

Benzinga – by Chris Katje, Benzinga Staff Writer.

An ongoing auction includes several items related to technology giant Apple Inc (NASDAQ:AAPL) and also signed business cards from former Apple CEO Steve Jobs and from Tesla Inc (NASDAQ:TSLA) and SpaceX CEO Elon Musk, two of the most famous visionary leaders of the last 40 years.

What Happened: Auction company RR Auction is hosting an Apple-themed “Steve Jobs and the Apple Computer Revolution” event, which includes several items connected to the former CEO including checks personally signed by Jobs.

A rare Apple-1 computer signed by Apple co-founder Steve Wozniak and a sealed first-generation iPhone are also among the highlights in the auction.

Also included in the auction is a signed Steve Jobs Apple Computer business card from 1983.

“Highly coveted circa 1983 Apple Computer business card of Steve Jobs, which is signed neatly in black ink,” the auction house said.

The business card is authenticated as a 10 Gem Mint by PSA, one of the leading authentication companies for sports cards and autographs. The business card displays Steve Jobs’ title as Chairman of the Board of Directors, along with a listed address and phone number.

At the time of writing, the business card signed by Jobs has reached $29,282 with 26 bids. The auction will end on March 21 at 6 p.m. ET with extended bidding also possible. The business card had a pre-auction estimate of $10,000.

The auction also includes an unsigned Jobs business card from Apple that is currently at $5,724.

While the auction is highly focused on Jobs and Apple related items, bidders can also take part in acquiring a signed business card from another legendary CEO.

A

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RBI Restricts Business Card Use and Data Sharing

RBI-Restricts-Business-Card-Use-and-Data-SharingRBI imposes limits on business card usage and restricts the sharing of customer data

The Reserve Bank of India (RBI) has recently issued new rules for credit and debit cards meant for business accounts, to enhance the security and efficiency of card transactions. The new rules, which came into effect immediately, cover various aspects of card issuance, conduct, and data sharing The RBI has also ordered Visa to stop using an unauthorized route to make business-to-business card payments, which involved fintech companies as intermediaries in this article, we will discuss the main features and implications of the new rules, as well as the reasons behind the RBI’s actions.

The new rules issued by RBI are as follows:

Monitoring the end use of funds:

The RBI has directed the card issuers to put in place an effective mechanism to monitor the end use of funds by cardholders, especially for large-value transactions. The card issuers should also ensure that the card transactions comply with the applicable laws and regulations, such as the Foreign Exchange Management Act, of 1999, the Prevention of The Income Tax Act of 1961 and the Money Laundering Act of 2002.

 Restricting data sharing:

The RBI has made it illegal for card issuers to provide any outsourced partners with consumer card data unless the partners must perform their duties. The card issuers should also obtain the explicit consent of the cardholders before sharing their card data with any third party. The card issuers should also ensure that the storage and ownership of the card data remain with them and that the card data is not compromised or misused by any party.

Supporting tokenization:

The RBI has allowed card issuers to support the tokenization of card data, which is a process of replacing the actual card number with an

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CFPB Bans Excessive Credit Card Late Fees, Lowers Typical Fee from $32 to $8

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) finalized a rule today to cut excessive credit card late fees by closing a loophole exploited by large card issuers. The rule will curb fees that cost American families more than $14 billion a year. The CFPB estimates that American families will save more than $10 billion in late fees annually once the final rule goes into effect by reducing the typical fee from $32 to $8. This will be an average savings of $220 per year for the more than 45 million people who are charged late fees.

“For over a decade, credit card giants have been exploiting a loophole to harvest billions of dollars in junk fees from American consumers,” said CFPB Director Rohit Chopra. “Today’s rule ends the era of big credit card companies hiding behind the excuse of inflation when they hike fees on borrowers and boost their own bottom lines.

Concerned that credit card companies were building a business model on penalties, fee harvesting, and bait-and-switch tactics, Congress passed the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act). The law banned credit card companies from charging excessive penalty fees and established clearer disclosures and consumer protections.

In 2010, the Federal Reserve Board of Governors voted to issue a regulation implementing the CARD Act, which made clear that banks could only charge fees that recover the bank’s costs associated with late payment. However, the rule included an immunity provision that allowed credit card companies to sidestep accountability if they charged no more than $25 for the first late payment, and $35 for subsequent late payments, with both amounts to be adjusted for inflation each year. Those amounts have ballooned to $30 and $41, even as credit card companies have moved to cheaper, digital business

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Discover Credit Cards: Advantages and Disadvantages

Visa and Mastercard are the two largest credit card companies in the world, so it’s no surprise that people these two names come to most people’s minds when they think about credit cards. Together, these two networks have more than 75% of the global credit card market when it comes to purchase transactions. American Express, which is another popular card network comes in at just under 3%.

While these three names have traditionally dominated the credit card industry, there are other, smaller players that compete. One of these names is the Discover credit card. Although it may not be a household name like the others, it does provide cardholders with some of the same perks and benefits as its counterparts—plus a few of its own. Keep reading to learn more about Discover and how it works.

Key Takeaways

  • Although the credit card network industry is dominated by Visa and Mastercard, smaller players like Discover share a piece of the pie.
  • Discover launched its credit card with cashback rewards and no annual fees in 1986.
  • Its cashback rewards remain among the highest in the industry.
  • The company offers eight major credit cards today, each of which carries different terms and rates.
  • Discover has consistently ranked high in customer service and satisfaction among credit card companies.

History of Discover Card

The Discovery card was developed and tested in the mid-1980s by Dean Witter Financial Services Group, a subsidiary of Sears. It was introduced to consumers in a national ad campaign during Super Bowl XX in 1986 and was officially rolled out that same year.

One of the main goals of the Discover card was to set itself apart from the competition at a time when the market became saturated with credit cards. Cardholders enjoyed an option with no annual fee, which was

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Capital One Venture X Business Card review: A premium travel card with a reasonable annual fee

Fortune Recommends™ has partnered with CardRatings for our coverage of credit card products. Fortune Recommends™ and CardRatings may receive a commission from card issuers.

Our take: The Capital One Venture X Business offers exceptional rewards, solid benefits and versatile redemption options. However, the annual fee might be steep for those who don’t maximize the travel perks.

Capital One Venture X Business

Intro bonus


Earn up to 300,000 bonus miles:150,000 bonus miles if you spend at least $20,000 within 3 months of your
rewards membership enrollment date and an additional 150,000 bonus miles if you spend at least $100,000 within 6 months






Annual Fee $395
Purchase APR Balance is due monthly
Foreign Transaction Fee None


Capital One Venture X Business Card Overview

Card type: Business

The Capital One Venture X Business Card offers an appealing blend of rewards, flexibility, and travel perks. With a generous rewards structure, cardholders earn up to 10X miles on purchases through Capital One Travel bookings, making it a dream for businesses with large travel expenditures. The 2X miles on all other purchase ensures that every business expense contributes to a growing stash of miles. 

The card’s $395 annual fee is reasonable compared to other premium cards, thanks to recurring benefits like a $300 Capital One Travel credit, comprehensive airport lounge benefits and 10,000 bonus miles every card anniversary. 

One of the standout features is the card’s versatility in redeeming rewards. Beyond the standard travel purchases, cardholders can redeem their miles for statement credits, offering a straightforward way to offset expenses. For those seeking a bit more value, the option to transfer miles to various airline and hotel loyalty programs opens up more premium travel opportunities. Overall,

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What Happens If You Can’t Pay Your Business Credit Card?

In a perfect world, you can always pay your business credit card. But in reality, businesses can face inconsistent cash flow — and many ultimately fail.

If your company hits hard times and can’t pay its business credit card, you’ll have to deal with late fees and higher interest rates. Failing to pay a business credit card can also significantly damage your business and personal credit scores because almost all business cards report serious delinquencies to consumer credit bureaus.

Refinancing the debt or leveraging a balance transfer business credit card, can give you space to pay down the balance without penalties if you act at the first sign of trouble. But if the problem lingers and you don’t pay the debt, you could have to forfeit your personal assets.

Why? Because nearly all business credit cards require a personal guarantee that says, in short, if your business can’t pay the bill, you will.

What is a personal guarantee for business cards?

Think of the personal guarantee as akin to co-signing a credit card for your business. Ideally, the business will take care of its bills, but if it doesn’t, you have to. Business owners can be personally sued by credit card issuers over unpaid business card debt if the business shuts down or goes bankrupt.

This provides some assurance to the credit card company that charges on the card will be paid regardless of what happens with the business. After all, about half of all small businesses fail in the first five years, according to data from the U.S. Bureau of Labor Statistics.

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NerdWallet rating 

5.0

/5

NerdWallet rating 
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The 8 Best Amex Business Credit Cards [2024]

American Express is a known leader when it comes to business credit cards, with many great options for business owners.

Finding the perfect Amex business credit card that brings the most value to your business operation may seem challenging. So we’re here to walk you through various choices and help you determine which card fits your business best.

Why Should You Get an Amex Business Card?

Put simply, American Express offers some of the best business credit cards on the market. Additionally, Amex offers a variety of business cards that fit many different business needs.

This includes business owners looking for a premium solution like The Business Platinum Card® from American Express, business owners looking to maximize large expenses with the American Express® Business Gold Card, and those looking for a simple, no-annual-fee card like The Blue Business® Plus Credit Card from American Express (rates and fees).

Beyond the benefits specific to each card, many Amex business cards offer helpful business tools that may include a pay-over-time option, no preset spending limit, the ability to add employee cards for a reduced or no additional fee, easy connection to partners like QuickBooks and Bill.com, and more.

No preset spending limit means your spending limit is flexible. Unlike a traditional card with a set limit, the amount you can spend adapts to factors such as your purchase, payment, and credit history.

The Best Amex Business Cards

Amex Business Card Comparison Table (2024)

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Amex Business Platinum Card (Best for Travel and Lounge Access)

OUR BEST OFFER

$2,640

19.49% – 27.49% Variable

Good to Excellent (670-850)

The Business Platinum Card® from American Express is a premium travel rewards card tailored toward business owners who are frequent travelers with

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BC credit union offers cannabis businesses pre-approved cards

Big banks still treat cannabis-sector entrepreneurs differently than counterparts in other sectors.

Big banks still treat cannabis-sector entrepreneurs differently than counterparts in other sectors, but the ability to conduct banking is slowly getting better.

Community Savings Credit Union today said that it is launching pre-approved business credit cards for its members who operate cannabis-related businesses. 

“This industry-first offer finally gives cannabis businesses in B.C. guaranteed access to credit cards, a long overdue change in the financial services available for the industry,” the credit union said in a news release.

Many business people involved with legal cannabis-related businesses are rejected by credit-card providers because they are active in the industry. 

Community Savings Credit Union CEO Mike Schilling told BIV last fall that he sees advocating for changes to cannabis legislation as his duty, which is why he went to Ottawa to speak at an industry summit, and meet with political staff in the prime ministers’ office and the office of the minister of finance. 

His Surrey-based, seven-branch credit union, which has about $900 million in assets under management, has more than 17,000 members, including 150 that are cannabis-sector companies, he said at the time.

“Cannabis businesses have been forced to operate without a fully functioning banking system for too long,” he said today. “The industry was legalized five years ago, but big banks have ignored this sector’s needs and credit unions like Community Savings have stepped in.”

Community Savings offers three business credit cards. One is its No Fee Cash Back Visa, which allows customers to earn cash back when purchases are made. Another is its Visa Low Rate Business Card, which charges an annual fee and has a comparatively low interest rate, when monthly balances are not paid in full. It also has the Visa Infinite Business Card, which offers

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Best Business Credit Cards 2024

Business owners have a unique opportunity to turn their everyday business expenses into cash back, miles or points with the right credit card.

The best business credit cards offer valuable rewards, financing offers and other benefits at a reasonable cost. Choosing the right credit card for your business depends on how much you spend each month, which categories you spend the most in, and the type of rewards you want. It is also important to consider what your credit score is and if you’re willing to pay an annual fee. Learn more about credit cards for your business to determine which card is right for you.

Best business credit cards: Summary

  • Best for unlimited cash back: card_name
  • Best for rewards: card_name
  • Best for travel: card_name
  • Best for small business: card_name
  • Best for no annual fee: card_name
  • Best for 0% intro APR offer: U.S. Bank Triple Cash Rewards Visa® Business Credit Card
  • Best for bad credit: FNBO Business Edition® Secured Mastercard® Credit Card
  • Best for hotels: card_name
  • Best for gas: card_name

Our recommendations for the best business credit cards

We selected these business cards based on features for a variety of customer profiles. You’ll find each card’s welcome bonus details and why they were our choice in the sections below.

Best for unlimited cash back: card_name

Capital One Spark Cash Select for Excellent Credit

Credit score needed

credit_score_needed

Welcome offer: bonus_miles_full

Why we chose it: With the card_name, you’ll earn an unlimited 1.5% cash back on every purchase you make. You don’t need to worry about bonus categories or spending caps getting in the way of your rewards. Instead, you can focus on your business knowing you’ll get generous cash back rewards on every purchase.

The card comes with free management tools to enhance your business, including virtual

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