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May 9, 2024
A complete guide to travel and expense management in 2024
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Table of contents
Travel and Expense (T&E) management refers to the processes and policies a company uses to handle the costs associated with business travel. This includes everything from booking travel arrangements to reimbursing employees for out-of-pocket expenses.
Efficiently managing business travel expenses is crucial for a company to thrive. Fortunately, there are a number of software platforms that can help with this. These include Ramp, Zoho Expense, SAP Concur, Expensify, Emburse, TravelPerk, and Rydoo.
In this article, we’ll explain what goes into travel and expense management, how to design an effective travel expense management policy, important tax considerations, and how software can streamline this often difficult process for your company.
What is travel and expense management?
Travel and expense management, also called T&E management, is the process that companies use to establish and enforce business travel policies.
This function is crucial for businesses to gain control of their travel spending, stay within company policy, and maintain financial visibility.
The travel expense management process involves setting clear guidelines and policies for employee travel and then enforcing them effectively, using tools like employee cards and expense management software.
How to design a travel and expense management policy
There are 6 critical steps to take to design an effective travel and expense management policy.
- Set travel booking guidelines: The first step in designing a travel and expense management policy is to identify the vendors (e.g. airlines, car rental companies, hotels) employees are expected to use when booking their travel.
- Draft expense submission and reimbursement procedures: Next, you’ll need to clearly outline the expense reimbursement process you want your employees to follow.
- Detail policy compliance and safety measures: The next step to designing an effective T&E policy is to detail the safety regulations and IRS adherence your employees are expected to follow when traveling in an official business capacity.
- Adapt the policy for remote and hybrid work environments: An effective travel expense management policy should include policies specifically geared towards remote work, assuming this is a component of the way your company operates.
- Use a travel and expense policy template: Using a travel and expense policy template can help to ensure that no parts of your policy are overlooked.
- Implement and communicate your travel and expense policy: The final step is to effectively disseminate your travel and expense management policy company-wide.
Tips for managing business travel expenses
The following are some tips to effectively managing business travel expenses within your organization.
1. Draft a business travel policy
Creating a comprehensive business travel policy is a foundational step in managing travel expenses. This policy should clearly outline what’s considered a reimbursable expense, set daily spending limits, and specify preferred vendors for flights, accommodation, and car rentals. By following the 6 steps detailed in the previous section, you’ll be well on your way to creating an effective T&E policy for your organization.
2. Communicate your policy widely
Once you have a travel policy, make sure your employees know about it. Share your company's travel policy with all employees, regardless of whether they’re likely to travel. Make sure the documentation is easily accessible and send out reminders before business trips to review the policy. Making your travel policy clear and thorough will help prevent confusion and miscommunications when it comes time for reimbursements.
3. Record and categorize all expenses
Establish a method for employees to track and categorize all of their travel-related expenses. This could involve using corporate cards and expense management tools that let employees upload receipts and track spending in real-time. Categorizing expenses will help your team analyze spending patterns and identify areas for cost reduction. It also streamlines the approval process and reimbursements and keeps your financial reports accurate.
4. Calculate trip costs
After a business trip ends, calculate the total cost and costs by category. This will equip you with valuable information to help you determine the right budget for future trips to similar destinations or events, while letting you pinpoint any trips or employees who exceed the average cost. Look at spending categories like travel and fuel costs, dining, entertainment, and other travel expenses to get a sense of where your company is spending money on trips.
5. Predict future travel expenses
Having historical data from past trips will help you forecast future travel expenses. Predicting future expenses is important for budgeting and strategic planning, letting you allocate resources more efficiently. Also, understanding your company’s travel needs and spending means you can plan to negotiate corporate rates with providers like airlines, hotels, and car rental companies.
Travel and expense management tax implications
Needless to say, there are important tax considerations to keep in mind when designing your company’s travel and expense management policy. The IRS allows you to write off certain travel expenses, and you’ll want to make sure your employees know that they can only get reimbursed for these specific types of costs. Also, it’s important to keep track of your receipts for each and every one of these charges, in the event your company is audited.
These are a few of the acceptable categories related to business travel:
- Travel expenses: Travel expenses extend to airfare, tolls, taxes and lodging. Note that the travel destination has to be away from the area in which your company normally conducts business, and it has to be longer than one day.
- Business entertainment: Client meal costs are deductible up to 50%.
- Auto expenses: This category is most often associated with the business use of a personal vehicle.
- Office supplies: Office supplies costs are deductible if they’re required for a business trip.
- Education: Sending an employee on a trip to take classes or attend an accredited seminar can produce multiple deductible expenses.
Challenges of travel and expense management
Travel and expense management is not without its fair share of challenges, and improper handling of these aspects can pose several pain points for organizations, including:
- Complexity: From airfare and accommodation to meals and transportation, corporate travel management can be overwhelming. This complexity often leads to errors in manual data entry, which in turn results in inaccurate records and potential compliance issues.
- Lack of visibility: Organizations often struggle to gain real-time insights into where their travel and expense budget is being allocated. This lack of spend visibility can hinder decision-making, making it challenging to identify cost-saving opportunities and optimize travel expenses effectively.
- Enforcement: Without a strong system in place, it can be difficult to ensure that employees follow your company's expense management policies. This not only opens the door to potential compliance pitfalls but also paves the way for budget overruns and the misallocation of funds.
- Administrative strain: Manually managing travel bookings, receipts, expense documentation, and the reimbursement process amplifies the administrative strain of T&E processes.
Travel expense management software solutions
Travel and expense management software simplifies the process of expense reporting, automates approval workflows, and organizes your financial data so it’s easy to review.
Additionally, travel and expense management systems can also offer valuable insights into your company’s spending patterns, informing you when transactions are out of policy or when spending in certain categories is higher than industry standards.
Here are some of the leading digital tools you can use to manage travel and expenses:
Ramp
Ramp is an all-in-one expense management platform with powerful automation features to streamline your travel expenses.
Key features of Ramp:
- Receipt capture and tracking
- Real-time financial insights and reporting
- A corporate card with built-in spend controls
- Accounting software integration (Quickbooks, Xero, Netsuite, etc.)
Zoho Expense
Zoho Expense is designed to automate the process of expense reporting, streamline approvals, and manage business expenses.
Key features of Zoho Expense:
- Receipt capture via Zoho Expense mobile app
- Customizable workflows
- Detailed analytics and reporting
- Support for multiple currencies and tax regulations
SAP Concur
SAP Concur is one of the oldest—and largest—digital travel management platforms on the market, with tools to help manage spending and streamline expense tracking and approval workflows.
Key features of SAP Concur:
- Travel booking
- Invoice processing
- Compliance and policy enforcement
- Analytics and reporting
Expensify
Expensify’s platform features a range of tools that automate and streamline the travel expense reporting process.
Key features of Expensify:
- Receipt scanning
- Expense management and reporting
- Corporate card reconciliation
- Multi-level approval workflows
Emburse
Emburse offers a suite of business software solutions focused on streamlining financial operations and managing spending.
Key features of Emburse:
- Integration capabilities with various ERP and accounting systems (QuickBooks, Xero, Concur Expense)
- Detailed analytics tools
- Customizable workflows
TravelPerk
TravelPerk is a comprehensive platform designed to handle various aspects of business travel.
Key features of TravelPerk:
- All-in-one travel booking feature
- Travel policy integration
- 24/7 customer support:
- Comprehensive reporting tools
Rydoo
Rydoo is a cloud-based travel and expense management platform designed to streamline the process of corporate travel.
Key features of Rydoo:
- Travel booking capabilities
- Policy compliance automation
- Real-Time reporting and analytics
- Corporate card reconciliation
Use Ramp for travel expense management
Ramp’s all-in-one corporate card and expense management platform has features specifically designed for business travel management. Here are some of the ways Ramp can streamline your travel expenses:
- Automated expense tracking: Ramp automates expense tracking, logging each transaction by vendor and category whenever employees swipe their cards. We also have accounting integrations to generate financial reports.
- Travel itineraries: Ramp automatically generates travel itineraries when employees forward their airline confirmation emails. All expense data during the trip is seamlessly linked to create a consolidated trip report, providing valuable spending insights.
- Better employee experience: Define your company travel policies and set specific rules, like maximum airline costs or dining expenses. Using Ramp cards avoids employees paying out-of-pocket and filing business travel expense claims—only allowable expenses can be charged in the first place, making for a better experience.
- Customer support: Our dedicated customer support and live training is available to help you configure your cards to your specific business needs.
Ramp is an expense management solution for businesses of all sizes. With our corporate card, managing employee expenses is simple and effective.
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Ali Mercieca is a Finance Writer and Content Editor at Ramp. Prior to Ramp, she worked with Robinhood on the editorial strategy for their financial literacy articles and with Nearside, an online banking platform, overseeing their banking and finance blog. Ali holds a B.A. in Psychology and Philosophy from York University and can be found writing about editorial content strategy and SEO on her Substack.
https://www.linkedin.com/in/ali-mercieca-4443b3121
Ramp is dedicated to helping businesses of all sizes make informed decisions. We adhere to strict editorial guidelines to ensure that our content meets and maintains our high standards.
Business travel management
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- Offers 5% net savings on average through expense-cutting features
- No personal guarantee or credit check required for eligibility
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- Unlimited physical and virtual employee cards
- Not available to sole proprietors or unregistered small businesses
- Requires $75,000 in a business bank account to qualify
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Card Details
The Ramp Card is an innovative corporate card, particularly suited for LLCs, that combines automated expense management features with 1.5% universal cashback rewards. It offers detailed spending insights with AI-powered recommendations for cutting costs, and integrates seamlessly with accounting software to simplify financial tracking and reporting. Cards come with no annual fees, foreign transaction fees, or card replacement fees. Ramp is an excellent choice for businesses that want to streamline their financial operations while saving money.
Pros
- 1.5% universal cashback rewards
- No personal guarantee or credit check required for eligibility
- Automated expense management features like spending limits and receipt-matching
- Integration with accounting platforms including NetSuite, Quickbooks, and Xero
- Offers AI-powered cost-saving insights
- Unlimited physical and virtual employee cards
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- Primarily focused on cost-cutting, which might not suit all business needs
- Geared mainly towards U.S. businesses, which may limit its appeal for international transactions
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EIN - Ramp
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- 1.5% cashback rewards on purchases
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- Must have $75,000 in a business bank account to qualify
- Balance must be paid in full each month
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- Corporate card with built-in spend management
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- No annual fee or foreign transaction fees
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- Must have most of your operations and corporate spend in the US (though international purchases are supported with no foreign transaction fees)
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- Corporate card with customizable spending controls
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- Corporate card with customizable spending controls
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- 1.5% cashback rewards on purchases
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- Must have $75,000 in a business bank account to qualify
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Ramp - Travel
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Ramp Corporate Card
- Ramp Corporate Card includes built-in spend management and travel-specific features
- Ability to set and enforce your company's travel spending policy on employee cards
- Features a travel dashboard displaying complete trip itineraries and flight information for each employee
- Offers 1.5% cashback on all purchases, including those made through travel booking platforms
- Provides AI-powered finance automation and insights
- Real-time expense reporting, customizable spending controls, and card templates for efficient financial management
- Seamless integration with over 100 applications, including travel management platforms
- No annual, application, or late payment fees
- Universal cashback reward applicable to all types of travel expenses
- Advanced financial management features suitable for tracking travel spending
- Compatibility with 100+ applications for streamlined travel expense management
- Requires a registered business and $75,000 in a U.S. business bank account to qualify
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Regular APR
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Ramp Corporate Card
The Ramp Card is an innovative corporate card, particularly suited for LLCs, that combines automated expense management features with 1.5% cashback rewards on purchases. It offers detailed spending insights with AI-powered recommendations for cutting costs, and integrates seamlessly with accounting software to simplify financial tracking and reporting. Cards come with no annual fees, foreign transaction fees, or card replacement fees. Ramp is an excellent choice for businesses that want to streamline their financial operations while saving money.
- 1.5% cashback rewards on purchases
- No personal guarantee or credit check required for eligibility
- Automated expense management features like spending limits and receipt-matching
- Integration with accounting platforms including NetSuite, Quickbooks, and Xero
- Offers AI-powered cost-saving insights
- Unlimited physical and virtual employee cards
- Primarily focused on cost-cutting, which might not suit all business needs
- Geared mainly towards U.S. businesses, which may limit its appeal for international transactions
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N/A
Ramp - How to get a business credit card for llc
ramp-how-to-get-a-business-credit-card-for-llc
Ramp Corporate Card
The Ramp Card is an innovative corporate card, particularly suited for LLCs, that combines automated expense management features with 1.5% cashback rewards on purchases. It offers detailed spending insights with AI-powered recommendations for cutting costs, and integrates seamlessly with accounting software to simplify financial tracking and reporting. Cards come with no annual fees, foreign transaction fees, or card replacement fees. Ramp is an excellent choice for businesses that want to streamline their financial operations while saving money.
- 1.5% cashback rewards on purchases
- No personal guarantee or credit check required for eligibility
- Automated expense management features like spending limits and receipt-matching
- Integration with accounting platforms including NetSuite, Quickbooks, and Xero
- Offers AI-powered cost-saving insights
- Unlimited physical and virtual employee cards
- Primarily focused on cost-cutting, which might not suit all business needs
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Title 1
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Ramp - Variant 2
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Ramp Corporate Card
Card Details
The Ramp Card is an innovative corporate card, particularly suited for LLCs, that combines automated expense management features with 1.5% universal cashback rewards. It offers detailed spending insights with AI-powered recommendations for cutting costs, and integrates seamlessly with accounting software to simplify financial tracking and reporting. Cards come with no annual fees, foreign transaction fees, or card replacement fees. Ramp is an excellent choice for businesses that want to streamline their financial operations while saving money.
Pros
- 1.5% universal cashback rewards
- No personal guarantee or credit check required for eligibility
- Automated expense management features like spending limits and receipt-matching
- Integration with accounting platforms including NetSuite, Quickbooks, and Xero
- Offers AI-powered cost-saving insights
- Unlimited physical and virtual employee cards
Cons
- Primarily focused on cost-cutting, which might not suit all business needs
- Geared mainly towards U.S. businesses, which may limit its appeal for international transactions
$395
N/A
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American Express Business Platinum Card
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- Long introductory APR period for both purchases and balance transfers
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- Easy account management with online and mobile access
- High annual fee
- Requires good to excellent credit
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Bank of America Business Advantage Customized Cash Rewards Credit Card
Bank of America’s card lets you customize your rewards and offers additional cashback when you use a Bank of America business checking account.
- Intro offer includes 0% interest for the first 9 months and a $300 statement credit bonus if you spend $3000 within the first 90 days of account opening
- No annual fee
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- After nine months, interest rate increases to 18.49% to 28.49% variable APR
- Requires a personal guarantee
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18.49%–26.49%
dun-Capital
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Capital One Spark 2X Miles
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- Flexible redemption options for travel, cash back, or gift cards
- Comes with an annual fee
- Requires good to excellent credit to qualify
- May not be the best choice for businesses with minimal travel expenses
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Capital One Spark 1.5% Cash Back Business Card
This credit card aimed at small business owners offers unlimited rewards and a $750 welcome bonus if you meet spending requirements.
- No annual fee
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$0
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- Offers the opportunity to transition to an unsecured card based on creditworthiness and payment history
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Brex Card
- Corporate card with a focus on global payments
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Virtual-American Express Business Platinum
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American Express Business Platinum Card
- Travel rewards credit card focused on international travel
- Virtual cards available via browser extension or your American Express account
- Earns 5x membership rewards on flights and prepaid hotels booked through American Express Travel
- Earns 1.5x points on other select purchases
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- No foreign transaction fees
- High annual fee of $695
- You must spend $15,000 in the first 3 months after account opening to qualify for the sign-up bonus
- Benefits primarily focused on travel
$95
21.24%–29.24%
Virtual-Citi Premier
virtual-citi-premier
Citi Premier Card
- Business credit card with travel rewards
- Virtual cards available via Citibank’s virtual card program
- Earn 3 points for every $1 spent at gas stations, air travel, and hotels
- Earn 3 points for every $1 spent at restaurants and supermarkets
- Earn 1 point for every $1 spent on all other purchases
- 60,000 point welcome bonus if you spend $4,000 in the first 3 months after account opening
- No expiration on points
- No foreign transaction fees
- Annual Hotel Savings Benefit
- Limited choice in transfer partners for travel rewards
- Fewer travel reward options than some other cards
$95
18.49%–26.49%
Virtual-Capital One Spark 2x Miles
virtual-capital-one-spark-2x-miles
Capital One Spark 2X Miles
- Business credit card designed for frequent travelers
- Virtual cards available via Capital One's browser extension
- Spending requirement of $4,500 in the first three months to qualify for its welcome bonus
- Credit for Global Entry/TSA PreCheck
- Rental car coverage and airport lounge access
- Option to transfer miles to different airline and hotel partners
- Unlimited 2X miles on purchases across categories
- Unlimited 5X miles on rental cars and hotel bookings made through Capital One Travel
- Introductory offer of 50,000 miles
- Annual fee is waived for the first year
- High $95 annual fee
- No introductory APR period
- Fewer perks than other business cards
$0
18.49% (variable)
Charity - Chase Ink Business Unlimited
charity---chase-ink-business-unlimited
Chase Ink Business Unlimited Credit Card
- 1.5% cashback on every business purchase
- $750 welcome bonus if you spend $6000 in the first 3 months from account opening
- Rewards can be redeemed for cashback, gift cards, travel and other options through Chase Ultimate Rewards
- Free employee cards
- Unlimited 1.5% cashback rewards
- 0% intro APR period for 12 months
- Rewards never expire
- No bonus reward categories
- Not the best card for balance transfers
- High foreign transaction fees
$95
25.99% (variable)
Charity-Capital Onee
charity-capital-onee
Capital One Spark 2X Miles
- Business credit card suited for frequent travelers
- Must spend $4,500 in the first 3 months to qualify for the welcome bonus
- Annual fee of $95, which is waived for the first year
- Credit for Global Entry/TSA PreCheck
- Rental car coverage and airport lounge access
- Option to transfer miles to different airline and hotel partners
- Unlimited 2X miles on purchases across categories
- Unlimited 5X miles on rental cars and hotel bookings made through Capital One Travel
- Welcome offer of 50,000 miles
- High $95 annual fee
- No introductory APR period
- Fewer perks than other business cards
$0
18.49% (variable)
Charity-American Express Blue Business Cash
charity-american-express-blue-business-cash
American Express Blue Business Cash™ Card
- Cashback rewards card with no annual fees and 0% introductory APR
- Flat-rate cashback rewards rate of 2% across categories
- Annual $50,000 spending limit before cashback rewards halve from 2% to 1%
- 12-month introductory 0% APR
- Cash back rewards
- Purchase protection
- American Express isn't accepted at all vendors
- High APR after the introductory period ends
- Spending caps on cashback rewards
$0
18.49% (variable)
No annual fee
Required
Charity-Chase Ink Business Cash
charity-chase-ink-business-cash
Chase Ink Business Cash Credit Card
- $900 bonus after spending $6,000 in the first 3 months
- 5% cash back on office supplies and telecom services (up to $25,000 annually)
- 2% back at gas stations and restaurants (up to $25,000 annually)
- 1% on all other purchases
- Offers 0% intro APR for 12 months
- 3% foreign transaction fees
- The card comes with a welcome bonus
- You can request as many employee cards as you need at no additional cost
- You have to spend $6,000 within the first 3 months after opening your account to qualify for the welcome bonus
- The rewards program can be difficult for some cardholders to navigate
- $25,000 annual limits put a cap on your largest cash-back earning categories
$0
13.24% (variable)
Charity-pnc
charity-pnc
PNC Points Visa Business Credit Card
- Balance transfer card that offers 0% APR for nine billing cycles
- You can transfer your high-interest rate from another card to save on interest payments
- Offers unlimited rewards with five points for every dollar spent
- Redeem points for cash back, statement credits, or merchandise
- Cash Flow Insight
- Software integrations
- $200 cash bonus when you spend $1,000 in the first 3 months
- Rewards expire
- Short introductory APR period
$0
13.74% (variable)
Charity-Business Advantage
charity-business-advantage
Business Advantage Unlimited Cash Rewards Mastercard® Credit Card
- 1.5% cashback on every purchase
- Earn up to 75% more cashback if you have a business checking account with Bank of America
- 0% intro APR for nine billing cycles
- $300 statement credit after you spend $3,000 in the first 3 months
- $100,000 in travel accident and auto rental insurance
- You can use your credit card as overdraft protection for your Bank of America checking account
- Unlimited cashback
- Travel insurance
- $300 statement credit
- Short introductory APR period
- Lower cashback without a Bank of America account
$0
N/A
Charity-U.S. Bank Business Edge
charity-u-s-bank-business-edge
U.S. Bank Business Edge™ Select Rewards Card
- Offers 3 points for every $1 spent on purchases like gas and office supplies
- Points never expire so nonprofits can use them at their discretion
- For larger purchases, U.S. Bank also offers 0% APR for 15 billing cycles, making it a good option for balance transfers
- Includes up to 5x the points on certain categories like car and hotel rentals
- Extended introductory period
- 3% cash back
- $100 software credit
- Balance transfer fees
- Must book travel through rewards center
- No accounting and software automation
$0
N/A
Charity-Charity Charge Nonprofit Business Card
charity-charge-nonprofit-business-card
Charity Charge Nonprofit Business Card
- Automatic rebates on recurring costs from more than 200 vendors
- 4% rebates on hotels and dining, 1% rebates on gas, and more
- No personal guarantee needed to qualify
- Organizations need at least five years of history and $100,000 in annual revenue or two years with $500,000 annual revenue for eligibility
- Automatic rebate program
- Purchase protection
- No annual fee
- Must meet stringent qualifications
- 2+ years of business history
- No accounting and software automation
N/A
18.49% (variable)
No annual fee
Required
Employee-Chase Ink Business Cash
employee-chase-ink-business-cash
Chase Ink Business Cash Credit Card
- Offers a $900 bonus after spending $6,000 in the first 3 months
- Provides 5% cash back on office supplies and telecom services (up to $25,000 annually)
- 2% back at gas stations and restaurants (up to $25,000 annually)
- 1% on all other purchases
- Offers 0% intro APR for 12 months
- 3% foreign transaction fees
- The card comes with a welcome bonus
- You can request as many employee cards as you need at no additional cost
- You have to spend $6,000 within the first 3 months after opening your account to qualify for the welcome bonus
- The rewards program can be difficult for some cardholders to navigate
- $25,000 annual limits put a cap on your largest cash-back earning categories
Annual Fee
$0
19.24%–28.24%
Employee-U.S. Bank
employee-u-s-bank
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
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- Offers between 1% to 5% cashback on eligible purchases
- Not all purchase categories qualify for rewards
- Comes with an introductory 0% APR period followed by a high variable APR
- Annual $100 statement credit for recurring software subscription expenses
- Bonus cash-back categories
- No annual fees
- Introductory APR period on purchases and balance transfers
- Requires good/excellent credit
- Cash-back rewards program is difficult to navigate
Annual Fee
$650
20.99%–29.99%
Employee-Delta SkyMiles
employee-delta-skymiles
Delta SkyMiles Reserve Business American Express Card
- Designed for frequent business travelers who prefer flying with Delta Airlines
- Offers travel perks specifically for Delta, including Medallion Qualification Miles
- 3x miles on Delta purchases and 1.5x miles in specific categories after $150,000 annual spend
- Includes a 110,000 bonus miles offer after spending $6,000 in the first 3 months
- Complimentary Delta Sky Club access, priority boarding, and baggage insurance
- High earning potential on Delta purchases
- Valuable travel benefits with Delta, including lounge access and priority boarding
- No foreign transaction fees
- The rewards program can be difficult to navigate
- You’ll have to pay an annual fee to have this card
- Many applicants find it difficult to be approved for American Express business credit card offers
Annual Fee
$195
19.49%–27.49%
Employee- Chase Ink Premier
employeechase-ink-premier
Chase Ink Business Premier Credit Card
- Business credit card with travel and purchase protections
- Card comes with a $10,000 minimum credit limit, with the opportunity to raise it
- 2% to 2.5% cashback rewards on purchases
- Free employee cards with custom spending limits
- Welcome bonus of $1000 if you meet spending requirements
- No foreign transaction fees
- "Flex for Business" provides payment flexibility on eligible purchases
- You have to spend $10,000 in three months to qualify for the welcome bonus
- High annual fee
- High interest rate if you carry a balance
$95
25.99% (variable)
Employees-Capital One
employees-capital-one
Capital One Spark 2X Miles
- Business credit card tailored for travel expenses
- Spending requirement of $4,500 in the first three months to qualify for its welcome bonus
- Annual fee of $95, which is waived only for the first year
- Credit for Global Entry/TSA PreCheck
- Rental car coverage and airport lounge access
- Option to transfer miles to different airline and hotel partners
- Unlimited 2X miles on purchases across categories
- Unlimited 5X miles on rental cars and hotel bookings made through Capital One Travel
- Introductory offer of 50,000 miles
- High $95 annual fee
- No introductory APR period
- Fewer perks than other business cards
$0
15.2% (variable)
Preapproved-Capital on Tap
preapproved-capital-on-tap
Capital On Tap Business Credit Card
- Approves their business credit cards within 48 hours of applying
- If you’re approved, you’ll get a virtual card right away so you can start spending before your physical cards arrive
- Cards offer universal cashback rewards on all purchases, with business-specific features
- 24/7 customer service available by phone or email
- No annual fee
- Cashback is universal across purchase categories
- Fast approval process
- Good to excellent credit required
- Must have monthly business revenue exceeding $2,500 to apply
Annual Fee
$150
20.99%
Preapproved-Marriott Bonvoy
preapproved-marriott-bonvoy
Marriott Bonvoy Business American Express Card
- Business credit card for frequent travellers who prefer Marriot Bonvey hotels
- If you meet all of the requirements, including good to excellent credit, you could be approved near instantly
- Offers rewards specific to Marriot chain hotels, including a free night award annually and complimentary Marriott Bonvoy Gold Elite status
- 125,000 introductory bonus points if you spend $8,000 in the first 6 months
- Marriot Gold Elite status awarded with card ownership
- One free night’s stay at a Marriot hotel every year
- $150 annual fee
- Rewards less valuable for non-Marriott hotel stays
$39
25.99% (variable)
Preapproved - First National
preapproved-first-national
First National Bank Of Omaha Business Edition® Secured Mastercard®
- Find out whether you pre-qualify for First National Bank Of Omaha’s secured credit card in under a minute on their website
- Choose your credit limit to set on your card, as long as the limit is between $2,000 and $100,000
- Annual fees and variable APR rate aren't very competitive, but it’s a good choice if you’re looking for a secured card
- High credit limits
- Doesn’t require a good credit score
- Interest can be earned on the security deposit
- $39 annual fee
- A deposit equal to 110% of the credit limit is required
- No unsecured card option
$95
25.99% (variable)
Preapproval - Capital One
preapproval--capital-one
Capital One Spark 2X Miles
- Offers 2 miles per dollar spent without any restrictions or maximum limits
- No annual fees for the first year
- Welcome bonus of 50,000 miles if you spend $4,500 within the first 3 months of opening an account
- If you’re approved for the card, you can call Capital One’s customer support to see if you qualify for an instant virtual credit card
- If you do, you won’t have to wait for your physical card to arrive
- Unlimited 2X miles on purchases across categories
- Unlimited 5X miles on rental cars and hotel bookings made through Capital One Travel
- Introductory offer of 50,000 miles
- High $95 annual fee
- No introductory APR period
- Fewer perks than other business cards
Annual Fee
APR
$0
N/A
EIN-Stripe
ein-stripe
Stripe Corporate Card
- Corporate card available on an invite-only basis to U.S. companies
- Requires a Stripe account to request access
- Charges transaction fees on purchases rather than having a monthly or annual fee
- Each card transaction costs between 1% and 2.9% plus an additional fee of between 0.30 and 0.80 cents
- Earn 1.5% cashback on purchases
- No credit check or personal guarantee required
- No foreign transaction fees
- Stripe's corporate card program is in beta with limited access
- Transaction fees lower the value of cashback rewards on purchases
Annual Fee
$0
N/A
EIN-Bill Divvy
ein-bill-divvy
BILL Divvy Corporate Card
- Corporate card available to registered businesses with an EIN number and U.S. business bank account
- Requires an SSN, but only for a soft credit check, so there's no impact on your credit score
- Comes with expense management software
- Points-based rewards with bonus points in different categories
- Doesn't require a hard credit check or personal guarantee
- Low cash-on-hand requirement of $20,000
- No annual fee
- Requires SSN for a soft credit check
- Fair credit is needed to qualify
- Must use 30% of your credit line in a given month to earn rewards
- Foreign transaction fees
Annual Fee
$0
N/A
EIN - Brex
ein-brex
Brex Card
- Corporate card with a focus on global payments
- Caters to venture-backed or mid-market companies
- Doesn't accept small businesses
- Global cards are accepted in 210+ countries
- Points-based rewards with different points per purchase category
- Includes expense management tools and Mastercard benefits
- No credit check or personal guarantee
- No annual or account fees
- No foreign transaction fees
- Limited to specific business types (C-corp, S-corp, LLC, and LLPs) with equity investors, high annual revenue, or a certain number of employees
- Higher rewards require an exclusivity agreement with Brex
- New users must pay off their balance daily
Annual Fee
$0
20.74% (variable)
No annual fee
No
Gas - Shell
gas-shell
Shell Small Business Card
- Rebates up to 5¢ per gallon at Shell stations
- Provides detailed, custom reports for tracking
- Offers 15% savings at participating Jiffy Lube locations
- Savings on fuel purchases at Shell
- No setup, monthly, or annual fees
- Useful financial management tools
- Rewards limited to Shell and Jiffy Lube
- Expensive to carry a balance
Annual Fee
$150
20.99%
Gas - Marriott Bonvoy
gas-marriott-bonvoy
Marriott Bonvoy Business American Express Card
- 6x points on Marriott Bonvoy hotel purchases
- 4x points on select categories including gas stations
- 75,000 point welcome bonus
- Annual free hotel night
- Complimentary Marriott Bonvoy Gold Elite status
- Rewards less valuable for non-Marriott hotel stays
- Moderate annual fee
Annual Fee
18.49%–24.49% (variable)
Gas - Chase
gas-chase
Chase Ink Business Cash Credit Card
- 5% cashback on categories including office supply stores, internet, cable TV
- 2% cashback on gas stations and restaurants
- 1% cashback on all other purchases
- Sign-up bonus of $750 bonus cashback
- Free employee cards
- Generous rewards
- Includes rental car insurance
- Cap on 5% and 2% cash back categories
- Foreign transaction fees
Annual Fee
APR
$0
18.49%–28.49%
Gas - Bank of America
gas-bank-of-america
Bank of America Business Advantage Customized Cash Rewards Credit Card
- 3% cashback in the rewards category of your choice, including gas stations and EV charging
- 2% cashback on dining
- 1% cashback on all other purchases
- $300 welcome bonus offer
- Flexible cashback redemption options
- Cardholders with a Bank of America checking account can earn up to 75% more rewards
- Foreign transaction fees
- 9 months 0% intro APR period is shorter than competing cards
- 0% intro APR doesn’t apply to balance transfers
Annual Fee
APR
$0
19.24%–28.24%
Gas - U.S. Bank
gas-u-s-bank
U.S. Bank Business Triple Cash Rewards World Elite Mastercard
- 3% cashback on categories including gas stations/EV charging stations
- 5% cashback on prepaid hotels and car rentals
- 1% cashback on all other purchases
- 0% intro APR for 15 billing cycles
- $100 annual statement credit for SaaS subscriptions
- Intro APR applied to purchases and balance transfers
- Generous rewards with no cap
- Lacks benefits outside of cashback rewards
- Requires high credit score
Annual Fee
$0
N/A
No PG - Brex
no-pg-brex
Brex Card
- Corporate card designed for venture-backed or mid-market companies
- Functions as a charge card, requiring daily or monthly balance payments, with no option to carry a balance from month to month
- Points-based rewards with different points per purchase category
- Includes expense management features and Mastercard benefits
- No personal guarantee or credit check required to qualify
- Flexible rewards system with up to 8x points on certain categories
- No annual or account fees
- Limited to specific business types (C-corp, S-corp, LLC, and LLPs) with equity investors, substantial annual revenue, or a significant number of employees
- Top rewards require an exclusivity agreement with Brex
- New users must pay off their balance daily
Annual Fee
$0
N/A
No PG Bill Divvy
no-pg-bill-divvy
BILL Divvy Corporate Card
- Corporate card available to registered businesses with an EIN number and U.S. business bank account
- Comes with expense management software
- Points-based rewards with bonus points in different categories
- Requires only a soft credit check, so it won't temporarily affect your credit score
- Doesn't require a hard credit check or personal guarantee
- Lower capital requirement of $20,000
- No annual fee
- Requires a soft credit check
- Fair credit is needed to qualify
- To earn rewards, you have to use 30% of your credit line in a given month
- Foreign transaction fees
Annual Fee
$195
19.49%–27.49%
High Credit Limit - Chase Ink Premier Preferred
high-credit-limit-chase-ink-premier-preferred
Chase Ink Business Premier Preferred Credit Card
- Business credit card with travel and purchase protections
- Card comes with a $10,000 minimum credit limit, with the opportunity to raise it
- 2% to 2.5% cashback rewards on purchases
- Free employee cards with custom spending limits
- Welcome bonus of $1000 if you meet spending requirements
- No foreign transaction fees
- "Flex for Business" provides payment flexibility on eligible purchases
- High annual fee
- Requires significant initial spend to unlock the sign-up bonus
- Limited expense management features compared to specialized cards
Annual Fee
APR
$95
21.24%–26.24%
High Credit Limit - Chase Ink Business Preferred
high-credit-limit-chase-ink-business-preferred
Chase Ink Business Preferred Credit Card
- Card comes with $5,000 minimum credit limit
- Points-based rewards with flexible redemption options, including cash back
- Offers 3x points on purchases in eligible spending categories like shipping, advertising, internet services, and travel bookings
- Welcome bonus of 100,000 points
- Unlimited employee cards
- Ability to transfer your rewards points to partner programs
- $95 annual fee
- Must spend $15,000 within the first three months of account opening to earn welcome offer
- Rewards program includes categories and limits that make it more complicated to earn maximum rewards
- No spend management capabilities beyond account alerts
Annual Fee
APR
$150
0%
High Credit Limit - Capital One Spark 2% Cash Plus
high-credit-limit-capital-one-spark-2-cash-plus
Capital One Spark 2% Cash Plus
- Business charge card that requires full monthly balance payments
- Designed for larger, higher-spending businesses
- Carrying a balance incurs a 2.99% fee
- 2% cashback rewards on purchases
- Unlimited cashback rewards
- 0% interest when used as intended
- $1,000 early spending bonus
- 2.99% monthly fee to carry a balance
- Must spend $50,000 in your first six months to access to $1,000 bonus cash
- Must spend $200,000 per year to access the $200 annual cash bonus
- Limited spending management features
Annual Fee
APR
$39
25.99% (variable)
High Credit Limit - FNB Secured Mastercard
first-national-bank-business-edition-secured-mastercard
Business Edition® Secured Mastercard® Credit Card
- Secured credit card that requires a security deposit, which becomes the account’s line of credit
- You can choose your own credit limit
- Offers interest on your security deposit
- Designed to help build business credit through responsible use
- Improve your business credit report quickly when you use the card responsibly
- Low annual fee compared to other secured credit cards
- Choose your own credit limit
- Earn interest on your security deposit
- Access instant rebates with over 40,000 retailers
- Your security deposit must be 110% of the credit limit you choose. So, if you want a $50,000 credit limit, you’ll need to make a $55,000 security deposit
- Although the annual fee is relatively low, you’ll still have to pay just to have the card
- Doesn’t come with any spending management features
Annual Fee
$695
15.74%–23.74%
High Credit Limit - American Express Business Platinum Card
high-credit-limit-american-express-business-platinum
American Express Business Platinum Card
- Travel rewards credit card focused on international travel
- Provides 5x membership rewards on flights and prepaid hotels booked through American Express Travel
- Additional rewards on eligible purchases
- The card comes with a $695 annual fee and 0% introductory APR, followed by a high variable APR
- 5x points on flights and prepaid hotels via Amex Travel
- 1.5x points on select business purchases and large purchases
- Complimentary Marriott Bonvoy Gold Elite and Hilton Honors Gold Status
- Access to travel perks and airport lounges
- No foreign transaction fees
- High annual fee of $695
- You must spend $15,000 in the first three months of card membership to qualify for the sign-up bonus
- The rewards program is relatively complex, so it may be difficult for some users to get the most out of the rewards program
- Benefits primarily focused on travel, less so on other business expenses
Annual Fee
APR
$0
28.49% (variable)
Fair Credit - Bank of America Secured
fair-credit-bank-of-america-secured
Bank of America Business Advantage Unlimited Cash Rewards Secured Credit Card
- Secured credit card designed to help businesses build credit
- Only a soft credit check is required
- Offers 1.5% cashback rewards on purchases
- Flexible cashback redemption options
- Offers the opportunity to transition to an unsecured credit card after a history of responsible use
- No annual fee
- High APR and 4% balance transfer fees
- Requires a minimum security deposit of $1000
- Limited spend management features
Annual Fee
$0
17.74%-35.99% (variable)
Fair Credit - Capital On Tap
fair-credit-capital-on-tap
Capital on Tap Business Credit Card
- Business credit card designed for small businesses
- Offers 1% cashback rewards on purchases
- Unlimited free employee cards with custom spending controls
- No foreign transaction fees or ATM fees
- No annual fee
- Only requires a soft credit check and a FICO score of 670 or higher
- High APR if you carry a balance
- A personal guarantee is required
- Not available to sole proprietors, charities, nonprofits, trusts, or clubs
Annual Fee
$0
N/A
Fair Credit - Brex
fair-credit-brex
Brex Card
- Corporate card designed for venture-backed or mid-market companies
- Functions as a charge card, requiring daily or monthly balance payments, with no option to carry a balance from month to month
- Points-based rewards with different points per purchase category
- Includes expense management features and Mastercard benefits
- No personal guarantee or credit check required for eligibility
- Flexible rewards system with up to 8x points on certain categories
- No annual or account fees
- Limited to specific business types (C-corp, S-corp, LLC, and LLPs) with equity investors, substantial annual revenue, or a significant number of employees
- Top rewards require an exclusivity agreement with Brex
- New users must pay off their balance daily
Annual Fee
$0
N/A
Fair Credit - Bill Divvy
fair-credit-bill-divvy
BILL Divvy Corporate Card
- Corporate card available to registered businesses with an EIN number and U.S. business bank account
- Comes with expense management software
- Points-based rewards with bonus points in different categories
- Requires only a soft credit check, so it won't temporarily affect your credit score
- Doesn't require a hard credit check
- No minimum credit score requirements
- Lower capital requirement of $20,000
- No annual fee
- Requires a soft credit check
- To earn rewards, you have to use 30% of your credit line in a given month
- Foreign transaction fees
Annual Fee
$0
30.74% (variable)
Fair Credit - Capital One Spark Classic for Business
capital-one-spark-classic-for-business
Capital One Spark Classic for Business
- Business credit card designed for small business owners with fair credit or a limited credit history
- 1% cashback rewards on purchases
- Free employee cards
- Offers the ability to choose your own payment due date
- No foreign transaction fees
- No annual fee
- Can help build credit if used responsibly
- High APR if you carry a balance
- No intro offers
Annual Fee
$35
25.64% (variable)
No Credit Check OpenSky
no-credit-check-opensky
OpenSky Secured Visa Credit Card
- Secured credit card that requires a refundable security deposit
- The security deposit acts as the credit line
- No bank account or credit check is required to qualify
- Money can be funded through online banking, money order, or Western Union
- Doesn't require a credit check for approval
- Reports to the credit bureaus to help build your credit score
- Access to credit education and financial management tools
- Annual fee required
- Higher interest rates compared to some other cards
- No rewards program or cashback incentives
- Limited benefits beyond credit building
Annual Fee
$0
N/A
No Credit Check Bill Divvy
no-credit-check-bill-divvy
BILL Divvy Corporate Card
- Corporate card available to registered businesses with an EIN number and U.S. business bank account
- Comes with expense management software
- Points-based rewards with bonus points in different categories
- Requires only a soft credit check, so it won't temporarily affect your credit score
- Doesn't require a hard credit check
- Lower capital requirement of $20,000
- No annual fee
- Requires a soft credit check
- Fair credit is needed to qualify
- To earn rewards, you have to use 30% of your credit line in a given month
- Foreign transaction fees
Annual Fee
$0
N/A
No Credit Check - Brex
no-credit-check-brex
Brex Card
- Corporate card designed for venture-backed or mid-market companies
- Functions as a charge card, requiring daily or monthly balance payments, with no option to carry a balance from month to month
- Points-based rewards with different points per purchase category
- Includes expense management features and Mastercard benefits
- Flexible rewards system with up to 8x points on certain categories
- No annual or account fees
- No personal guarantee or credit check required for eligibility
- Limited to specific business types (C-corp, S-corp, LLC, and LLPs) with equity investors, substantial annual revenue, or a significant number of employees
- Top rewards require an exclusivity agreement with Brex
- New users must pay off their balance daily
Annual Fee
$375
19.49%–27.49%
Charge Card - American Express Business Gold Card
charge-card-american-express-business-gold-card
American Express Business Gold Card
- Business credit card with the option to pay in full or carry a balance, with different APR rates for each option
- Points-based membership rewards
- Employee cards available for $50 each
- Requires a good to excellent credit score to qualify
- Welcome bonus of 70,000 points if you spend $5000
- Flexible payment options
- Up to 55 days with no interest
- High annual fee
- Default 30% APR rate
- No airport lounge access or travel emergency medical coverage
Annual Fee
APR
$150
N/A
Charge Card - Capital One Spark Cash Plus Business Card
charge-card-capital-one-spark-cash-plus-business-card
Capital One Spark Cash Plus Business Card
- Charge card with customizable spending controls
- 2% cashback rewards on purchases
- Unlimited free physical and virtual employee cards
- Balance is due each month with a minimum payment requirement
- Requires a good to excellent credit score to qualify
- Welcome bonus of $3000 if you spend $100,000 in the first 6 months
- Rewards don’t expire
- No foreign transaction fees
- High annual fee
- 2.99% late payment fees
- Offers fewer expense management features than some cards
Annual Fee
APR
$0
18.49%–28.49%
Bank of America Secured Credit Card - Startups
bank-of-america-secured-credit-card-startups
Bank of America Business Advantage Unlimited Cash Rewards Secured Credit Card
The Bank of America® Business Advantage Unlimited Cash Rewards Secured Credit Card is designed for small business owners looking to build or rebuild their credit. As a secured credit card, it requires a refundable security deposit, which acts as a line of credit. It offers 1.5% cash back, without any caps or category restrictions.
The card carries no annual fee and has a variable APR, typically ranging from 18.49% to 28.49%. This card is suitable for businesses with limited or poor credit that still want to earn rewards on their spending. Additional features include fraud protection, overdraft protection, and online and mobile banking.
Annual Fee
APR
$95 ($0 for the first year)
19.24%–29.99%
American Express Blue Cash Preferred - Startups
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American Express Blue Cash Preferred Card
The American Express Blue Cash Preferred® Card is meant for businesses that spend significantly on groceries and gas. It offers a cash-back rewards rate of 6% at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) and 3% cash back at U.S. gas stations. It also includes 3% cash back on transit, including taxis/rideshare, parking, trains, and buses. Other purchases earn 1% cash back.
This card comes with an annual fee of $95, which is waived for the first year, and a variable APR typically ranging from 19.24% to 29.99%. It also includes car rental loss and damage insurance, as well as return protection.
Annual Fee
APR
$95
21.24%–26.24%
Chase Ink Business Preferred Card - Startups
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Chase Ink Business Preferred Credit Card
The Chase Ink Business Preferred Credit Card is suited for businesses with frequent travel needs or those that spend the most in categories like shipping, internet, cable, phone services, and advertising. It offers 3 rewards points per $1 spent in these categories (up to $150,000 in combined purchases each account anniversary year) and 1 point per $1 on all other purchases.
The card carries an annual fee of $95 and a variable APR typically ranging from 121.24% to 26.24%. Additional features include travel insurance, extended warranty protection, and cell phone protection.
Annual Fee
APR
$0
30.74%
Capital One Spark 1% Classic Credit Card - Startups
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Capital One Spark 1% Classic Credit Card
The Capital One Spark 1% Classic Credit Card is tailored for small businesses, particularly those with fair credit that are aiming to build or improve their credit history. This card offers a 1% cashback on all purchases, without any limits or specific categories.
There's no annual fee, making it a cost-effective option for small business owners. The card's APR is 30.74% variable rate. It also includes benefits like free employee cards, fraud coverage, and year-end summaries, which can be valuable for managing business finances and monitoring expenses.
Annual Fee
$95
21.24%–26.24%
Chase Ink Business Preferred Card
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Chase Ink Business Preferred Card
- Focused on rewarding travel, shipping, advertising, and other business expenses
- Features a sign-up bonus of 100,000 points after spending $8,000 in the first 3 months
- Points can be redeemed for 25% more value through Chase Ultimate Rewards for travel
- Annual fee of $95 with no introductory APR
- Earns 3x points on travel, shipping, internet, cable, phone services, and advertising on up to $150,000 in combined purchases annually
- All other purchases earn 1 point per dollar
- High rewards rate in specified business categories
- Significant sign-up bonus, albeit with a high spending requirement
- Points are more valuable when redeemed through Chase Ultimate Rewards
- Added protections like trip insurance and cell phone coverage
- High spending threshold to earn the welcome bonus
- Annual fee
- The higher rewards rate is limited to the first $150,000 in combined category spending
Annual Fee
$125
20.99%
Marriott Bonvoy Business American Express Card
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Marriott Bonvoy Business American Express Card
- Ideal for businesses that frequently stay at Marriott Bonvoy hotels during travel
- Offers substantial rewards for hotel-related purchases, and additional benefits for dining, gas, and mobile phone services
- Features a moderate annual fee, ideal for frequent guests at Marriott Bonvoy properties
- Earns 6x points on Marriott Bonvoy hotel purchases
- Earns 4x points on U.S. restaurant, gas station, wireless telephone services, and shipping purchases
- All other eligible purchases earn 2x points
- Includes a welcome offer of 3 Free Night Awards after you spend $6,000 in the first 6 months, with each night valued up to 50,000 points
- Provides a free night award annually, complimentary Marriott Bonvoy Gold Elite status, and 15 Elite Night Credits annually
- High rewards rate at Marriott Bonvoy hotels
- Additional rewards categories beneficial for common business expenses
- Annual free night award adds value for frequent travelers
- Complimentary Marriott Bonvoy Gold Elite status enhances the hotel experience
- Focus on Marriott Bonvoy limits flexibility in hotel choices
- Moderate annual fee
- Rewards less valuable for non-Marriott hotel stays
- Higher APR can be costly if balances are carried over
Annual Fee
$650
20.99%–29.99%
Delta SkyMiles Reserve Business American Express Card
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Delta SkyMiles Reserve Business American Express Card
- Ideal for business travelers who fly with Delta Airlines
- Offers travel perks specifically for Delta, including Medallion Qualification Miles
- Earns 3x miles on Delta purchases and 1.5x miles in specific categories after $150,000 annual spend
- Includes a welcome bonus of 75,000 miles after spending $10,000 in the first 3 months
- Offers Medallion Qualification Miles boosts, priority boarding, and baggage insurance
- Cardholders will receive 15 visits per year to the Delta Sky Club starting February 1, 2025, with the possibility of unlimited visits if $75,000 is spent annually starting in 2024
- Additional benefits include a $240 Resy Credit, $120 Rideshare Credit, up to $250 Delta Stays Statement Credit, and Hertz President's Circle Status
- High earning potential on Delta purchases
- Valuable travel benefits with Delta, including lounge access and priority boarding
- No foreign transaction fees
- High annual fee
- Benefits and rewards are primarily limited to Delta Airlines
- Requires a significant amount of spending to unlock full benefits
- Not ideal for businesses that use multiple airlines
Annual Fee
$0
18.49%–28.49%
Bank of America Business Advantage Travel Rewards World Mastercard - Travel
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Bank of America Business Advantage Travel Rewards World Mastercard
- Budget-friendly business travel rewards card
- Provides unlimited 1.5x points on all purchases
- Offers 3x points on travel booked through the Bank of America Travel Center
- No annual fee
- Features a 0% introductory APR for the first 9 months, followed by a variable APR rate
- Includes a welcome offer of 30,000 bonus points after meeting the spending requirement within the first 90 days
- Business Platinum Honors Tier cardholders can earn up to 75% more points
- No annual fee
- Additional points for travel booked through the Bank of America Travel Center
- Extra rewards for existing Bank of America accounts
- Requires excellent credit for approval
- Relatively low sign-up bonus compared to some competitors
- Higher-end of APR range can be costly if balances are carried
Annual Fee
$695
19.49%–28.49%
American Express Business Platinum Card - travel business credit cards
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American Express Business Platinum Card
- American Express Business Platinum Card is ideal for businesses who travelinternationally
- Earns 5x membership rewards on flights and prepaid hotels booked via American Express Travel
- Additional rewards on other eligible purchases
- Features a $695 annual fee
- 5x points on flights and prepaid hotels via Amex Travel
- 1.5x points on select business purchases and large purchases
- Complimentary Marriott Bonvoy Gold Elite and Hilton Honors Gold Status
- Access to travel perks and airport lounges
- No foreign transaction fees
- High annual fee of $695
- Complex rewards structure
- Requires good to excellent credit to qualify
- Benefits primarily focused on travel, less so on other business expenses
Annual Fee
Intro APR
Regular APR
Rewards
$0
0%
18.49%–28.49%
1% to 3% cash back on purchases
Bank of America Business Advantage Customized Cash Rewards Credit Card 0 apr
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Bank of America Business Advantage Customized Cash Rewards Credit Card
The card is fairly standard. The lack of bonus features and rewards spending cap don’t make this card a standout option for big spenders.
- 3% cashback in the rewards category of your choice (choose from gas stations, office supply stores, travel, TV, telecom, wireless, computer services and business consulting services) default category is gas stations
- 2% cashback on dining purchases (Earn 3% and 2% cashback in the combined choice category and dining purchases up to $50,000)
- Unlimited 1% cashback on all other purchases
- Cardholders with a Bank of America checking account can earn up to 75% more rewards
- Foreign transaction fee makes it difficult to take this card overseas
- 9 months 0% intro APR period is shorter than competing cards
- 0% Intro APR doesn’t apply to balance transfers
Annual Fee
Intro APR
Regular APR
Rewards
$0
0%
21.24%–29.24%
1.5% cash back on purchases
Capital One Spark Cash Select for Business 0 APR
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Capital One Spark Cash Select for Business
Businesses that spend lots of time in the air will enjoy the travel cashback opportunities with this card. But while the 0% APR intro period is 12 months, you might find yourself struggling to keep up with payments once the higher regular APR kicks in each month.
- 1.5% cashback rewards on purchases
- 5% cashback on hotels and rental cars booked through Capital One Travel
- Free employee cards
- Ability to set up spend control limits for employee cards
- No foreign transaction fees
- Lacks variety of bonus rewards categories
- 0% intro APR doesn’t apply to balance transfers
Annual Fee
Intro APR
Regular APR
Rewards
$0
0%
18.49%–24.49%
1.5% cash back on purchases
Chase Ink Business Unlimited Credit Card 0 APR
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Chase Ink Business Unlimited Credit Card
Chase’s Ink Business Unlimited Credit Card is a no-frills 0% APR credit card. With a flat rate of 1.5% cashback on every business purchase, you earn cash whether you’re spending money on office supplies, gas, or business outings. However, if the majority of your business takes place overseas, this isn’t the card for you. High foreign transaction fees make it a pain to travel internationally.
- Unlimited 1.5% cashback on all business purchases
- Rewards never expire
- Welcome bonus if you spend enough in the first 3 months of account opening
- No bonus reward categories
- Not the best card for balance transfers
Annual Fee
Intro APR
Regular APR
Rewards
$0
0%
19.24%–28.24%
1% to 3% cash back on purchases
U.S. Bank Business Triple Cash Rewards World Elite Mastercard 0 APR
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U.S. Bank Business Triple Cash Rewards World Elite Mastercard
U.S Bank’s Business Triple Cash Rewards World Elite Mastercard comes with no annual fee, 0% APR for 15 billing cycles, and 3% cashback on select purchases. However, when stacked up against other 0% APR business cards, it leaves a lot to be desired in rewards.
- Intro APR applied to purchases and balance transfers
- Earn 3% cashback on eligible purchases at gas stations/EV charging stations, restaurants, cell phone service providers, and office supply stores
- 1% cashback on all other business purchases
- No limit on cashback earned
- Lacks benefits outside of cashback rewards
- Requires high credit score for lackluster rewards
Annual Fee
$0
18.49%–24.49%
Capital One Spark Cash Select for Business - how to get a business credit card for llc
capital-one-spark-cash-select-for-business-how-to-get-a-business-credit-card-for-llc
Capital One Spark Cash Select for Business
The Capital One Spark Cash Select for Business offers 1.5% cashback on all purchases. There are two versions of the card: one for excellent credit, offering a $500 cash bonus after spending $4,500 in the first three months, and another for good or excellent credit, which features a 0% intro APR for 12 months. The card also includes Visa Business Benefits, including free employee cards, fraud coverage and alerts, and account management tools.
- 1.5% cash-back on all purchases
- No annual fees
- Access to business-grade protection and account management tools
- Visa Business Benefits
- Higher APR for the good credit version compared to the excellent credit version
- The welcome offer varies based on creditworthiness
Annual Fee
$0
19.24%–28.24%
U.S. Bank Business Triple Cash Rewards World Elite Mastercard® - how to get a business credit card for llc
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U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
The U.S. Bank Business Triple Cash Rewards World Elite Mastercard® comes with a cashback rewards system, offering between 1% to 5% on eligible purchases. However, not all purchase categories qualify for rewards. The card comes with an introductory 0% APR period followed by a high variable APR. It has no annual fee and an annual $100 statement credit for recurring software subscription expenses.
- Bonus cash-back categories
- No annual fees
- Introductory APR period on purchases and balance transfers
- Requires good/excellent credit
- Cash-back rewards program is difficult to navigate
Annual Fee
$0
18.49%–24.49%
Chase Ink Business Unlimited Credit Card - how to get a business credit card for llc
chase-ink-business-unlimited-credit-card-how-to-get-a-business-credit-card-for-llc
Chase Ink Business Unlimited Credit Card
The Chase Ink Business Unlimited Credit Card comes with a straightforward rewards structure and minimal fees. This card offers a flat cash-back rate of 1.5% and includes perks such as free employee cards, travel and purchase protections, and an introductory 0% APR period on purchases for the first 12 months. The card offers a welcome bonus of $750 if you spend $6,000 in the first three months after account opening.
- 1.5% cashback rate
- Welcome bonus if you spend enough in the first three months
- Free employee cards
- Requires good to excellent credit, which might be a barrier for some businesses
- Primarily beneficial for U.S.-based businesses, limiting international appeal
- Less expense management features than corporate cards
Annual Fee
$375
19.49%–27.49%
American Express Business Gold Card - how to get a business credit card for llc
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American Express Business Gold Card
The American Express Business Gold Card is a premium credit card tailored for LLCs and businesses that prioritize earning rewards in their high-spend categories. This card adapts to your spending habits, automatically earning you 4X points in the two categories where your business spends the most each billing cycle (from a select list), on the first $150,000 in combined purchases each calendar year. The card comes with some expense management features and the ability to add employee cards for $50 each.
- Variety of rewards redemption options
- Option to add employee cards for $50 each
- No foreign transaction fees
- High annual fee
- Rewards benefits are capped after a certain spending limit
- Limited to U.S.-based businesses
- Focus on certain spending categories may not align with all business expenditure patterns
- Requires good to excellent credit
Annual Fee
$0
N/A
Brex - how to get a business credit card for llc
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Brex Card
Brex is a corporate card designed for venture-backed or mid-market companies. It functions as a charge card, requiring daily or monthly balance payments, with no option to carry a balance from month to month. The card has a points-based rewards system with different points per purchase category. The card also includes expense management features and Mastercard benefits.
- Flexible rewards system with up to 8x points on certain categories
- No annual or account fees
- No personal guarantee or credit check required for eligibility
- Limited to specific business types (C-corp, S-corp, LLC, and LLPs) with equity investors, substantial annual revenue, or a significant number of employees
- Top rewards require an exclusivity agreement with Brex
- New users must pay off their balance daily
N/A
19.49%–27.49% variable
$375
Required
American Express Business Gold Card
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American Express Business Gold Card
N/A
21.24–29.99% variable
$99 annual fee
Required
CitiBusiness / AAdvantage Platinum Select World Elite Mastercard
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CitiBusiness / AAdvantage Platinum Select World Elite Mastercard
N/A
20.99%–26.99% variable
$150 annual fee
Required
Marriott Bonvoy Business American Express Card
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Marriott Bonvoy Business American Express Card
N/A
0% intro APR, then 18.49%–28.49% variable
No annual fee
Required
Bank of America Business Advantage Customized Cash Rewards Credit Card
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Bank of America Business Advantage Customized Cash Rewards Credit Card
N/A
0% intro APR, then 19.24%–28.24% variable
No annual fee
Required
U.S. Bank Business Triple Cash Rewards World Elite Mastercard
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U.S. Bank Business Triple Cash Rewards World Elite Mastercard
N/A
23%–26% variable
No annual fee
No
Shell Small Business Card
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Shell Small Business Card
Annual Fee
$0 with a paid Costco membership
20.49% (variable)
Required
Costco Anywhere Visa Business Card by Citi
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Costco Anywhere Visa Business Card by Citi
- 4% cash back on eligible gas and EV charging, up to $7,000 per year, then 1%
- 2% cash back on all other purchases from Costco
- 1% cash back on all other purchases
- No foreign transaction fees and worldwide car rental insurance
- Purchase protection and travel emergency assistance
- Acts as a Costco membership ID
- High cash back on gas and Costco purchases
- Extensive travel and purchase protections
- Cash back redemption only available annually
- Requires Costco membership to qualify and use
N/A
N/A
$150 annual fee
Required
Capital One Spark Cash Plus Business Card
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Capital One Spark Cash Plus Business Card
N/A
0% intro APR, then 18.49%–28.49% variable
No annual fee
Required
Bank of America® Business Advantage Travel Rewards World Mastercard®
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Bank of America® Business Advantage Travel Rewards World Mastercard®
- Offers a 0% introductory APR on purchases for the first 9 billing cycles
- After the introductory period, the APR ranges from 18.49% to 28.49% variable
- No annual fee is required
- Earns 3 points per dollar on travel booked through the Bank of America Travel Center
- Earns 1.5 points per dollar on all other purchases
- Provides a sign-up bonus of 30,000 bonus points after spending $3,000 in the first 90 days
- 0% introductory APR on purchases for the first 9 billing cycles allows for interest-free spending initially
- No annual fee
- Earns 3 points per dollar on travel booked through Bank of America Travel Center, enhancing reward potential for frequent travelers
- High variable APR after the introductory period, ranging up to 28.49%, can be costly if balances are carried over
- Rewards program heavily favors travel spending, which may not suit businesses with diverse spending needs
- Sign-up bonus requires spending $3,000 in the first 90 days, which may be steep for some small businesses
N/A
0% intro APR, then 18.49%–24.49% variable
No annual fee
Required
Chase Ink Business Unlimited® Credit Card
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Chase Ink Business Unlimited® Credit Card
- Offers a 0% introductory APR on purchases for 12 months, then a variable APR of 18.49% to 24.49%
- There is no annual fee for this card
- Cardholders earn unlimited 1.5% cash back on all purchases
- Benefits include purchase protection, extended warranty, and auto rental collision damage waiver
- No foreign transaction fees are applied to international purchases
- Employee cards can be added at no extra cost, with individual spending limits available
- Earns cash back on every purchase without category restrictions
- Includes valuable purchase protection and extended warranty benefits
- Allows for easy management of employee spending
- High APR after the introductory period
- Cash back rate may not compete with specialized category cards for specific expenses
- Lacks travel perks like airport lounge access or free checked bags which are common in other business cards
N/A
0% intro APR, then 18.49%–24.49% variable
No annual fee
Required
American Express Blue Business Cash™ Card
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American Express Blue Business Cash™ Card
- Offers a 0% introductory APR on purchases for 12 months, then a variable APR of 18.49% to 24.49%
- There is no annual fee for this card
- Cardholders earn unlimited 1.5% cash back on all purchases
- Benefits include purchase protection, extended warranty, and auto rental collision damage waiver
- No foreign transaction fees are applied to international purchases
- Employee cards can be added at no extra cost, with individual spending limits available
- Earns cash back on every purchase without category restrictions
- Includes valuable purchase protection and extended warranty benefits
- Allows for easy management of employee spending
- High APR after the introductory period
- Cash back rate may not compete with specialized category cards for specific expenses
- Lacks travel perks like airport lounge access or free checked bags which are common in other business cards
N/A
0% intro APR, then 18.49%–24.49% variable
No annual fee
Required
Chase Ink Business Cash Credit Card
chase-ink-business-cash-credit-card
Chase Ink Business Cash Credit Card
- 0% introductory APR on purchases for the first 12 months, then a variable rate of 18.49%–24.49%
- No annual fee
- Personal guarantee required
- Earns 5% cash back on office supply stores and on internet, cable, and phone services on the first $25,000 spent in combined purchases each year
- 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each year
- 1% cash back on all other purchases with no limit
- Offers 5% cash back on office supplies and telecom services
- Provides 0% APR for the first 12 months
- No annual fee
- Cash back rewards capped at $25,000 annually in bonus categories
- Charges a 3% foreign transaction fee
- Variable APR up to 24.49% after introductory period
N/A
18.49%–24.49% variable
No annual fee
Required
Capital One Spark 1.5% Cash Select
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Capital One Spark 1.5% Cash Select
N/A
21.24%–26.24% variable
$95 annual fee
Required
Ink Business Preferred® Credit Card
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Ink Business Preferred® Credit Card
N/A
18.49%–24.49% variable
No annual fee
Required
Capital One Spark Cash Select for Excellent Credit
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Capital One Spark Cash Select for Excellent Credit
- Offers unlimited 1.5% cash back on every purchase
- No annual fee
- Provides a $750 cash bonus after spending $6,000 in the first 3 months
- APR ranges from 18.49% to 24.49% variable after any introductory offer
- No foreign transaction fees
- Includes benefits like free employee cards, year-end summaries, and downloadable purchase records
- Simple flat cash back rate on all purchases
- No annual fee
- Generous welcome bonus of $750 after meeting the spending requirement of $6,000 within the first three months
- Lacks bonus categories which might limit potential rewards for specific spending
- High-end of APR range could be costly if carrying a balance
- Rewards structure may not be as competitive for businesses with high spending in specific categories
