Running a small business is an adventure. There’s hustle, there’s growth, and yes, there are plenty of expenses. A good corporate credit card can make life a lot easier. But with so many options, how do you choose the right one? Don’t worry — we’ve got you covered!
Why Your Small Business Needs a Corporate Credit Card
Think of a corporate credit card as your business partner. It helps you:
- Track spending
- Earn rewards
- Build business credit
- Separate personal and business expenses
It’s not just a piece of plastic — it’s a smart tool for managing money.
What to Look For in a Business Credit Card
Not all cards are created equal. Here are some key things to focus on:
1. Rewards That Match Your Spending
Does your business spend a lot on travel? Office supplies? Online ads? Look for cards that give you points or cashback where you spend the most.
2. Low (or No) Fees
Annual fees can eat into your budget. Some cards charge $0, others charge hundreds. Be sure the benefits are worth the cost.
3. Employee Cards
Need to empower your team? Many corporate cards allow you to issue cards to employees — with spending limits, of course.
4. Expense Tracking Tools
The best cards offer dashboards, reports, and integrations with software like QuickBooks.
5. Intro Offers That Actually Help
Big sign-up bonuses, 0% APR periods, and more — intro offers can give your cash flow a boost.
Top Business Credit Cards Worth Checking Out
Here’s a quick list of favorites, depending on your needs:
- Chase Ink Business Preferred®: Great for earning points on internet, phone, and travel.
- American Express Blue Business Cash™: 2% cash back with no annual fee.
- Capital One Spark Miles for Business®: Perfect if you travel often.
- Brex Card: No personal guarantee required. Good for startups.
Choose based on where your money goes each month and what perks matter most to you.
Should You Get a Card With a Personal Guarantee?
Some cards make you personally responsible for the balance. That’s called a personal guarantee.
Pros:
- More card options
- Better features
Cons:
- If your business can’t pay, you’re on the hook
If you want zero personal risk, look for cards that don’t require a personal guarantee — like Brex.
Tips for Getting Approved
To increase your chances:
- Check your business and personal credit scores
- Have a registered business name and EIN
- Show steady income or funding
Also, apply only for cards that match your credit profile. Applying to too many at once can hurt your score.
Use It Right — And Reap the Rewards
Once you have your shiny new card, use it wisely. That means:
- Paying on time (always!)
- Staying under your limit
- Keeping track of your points or cashback
Pro Tip: Some cards let you set up alerts and spending categories. Use them!
The Bottom Line
Getting the right corporate credit card can make running your small business smoother — and even more rewarding. Choose the one that fits your needs, treat it responsibly, and enjoy the perks!
Now go forth and manage your money like the boss you are!