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The Top Current Business Credit Card Offers

by on May 5, 2014 · 12 comments

in Credit Cards

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Update: Some offer mentioned below are no longer available. View the current offers here –Ink PlusInk BoldInk CashCitiBusiness ThankYou CardStarwood Preferred Guest Business Credit Card from American Express

With the current limited-time 60,000-point sign-up bonus offers after $5,000 spent in 3 months on the Ink Bold and Ink Plus available at the moment, I though it would be a good time to talk about business credit cards since I know a lot of readers are thinking about applying.

Thinking of getting in on the current Ink offers?

Thinking of getting in on the current Ink offers?

Business credit cards can be great because they allow small owners alike to accrue valuable points and miles that can then be redeemed for everything from travel to statement credits and cash back. What you might not know is, you don’t have to have a major business to qualify for one of these cards. Most issuers will let you get a business credit card as a sole proprietorship (a business run by one person), and just use your social security number to rate your application.  (More info on that here).

Some credit card companies, notably Citi, may request more documentation of your business, but in general, if you have a good credit score and a reason to get a business credit card (which can be just the thought of opening your own business), you have a chance to be approved.

Before you open a ton of business credit cards, however, these applications trigger a hard inquiry on your personal credit report (a temporary 2-5 point score reduction), so take that into consideration.

Once the credit line is opened its activity remains on your business credit report and should remain separate from your personal report, so doing things like running balances (which businesses periodically have to) or making big purchases won’t affect your credit score. However, if you default on a business card, expect the issuer to come after you personally since they are guaranteed by your personal credit!

All that being said, business credit cards can be a great way to maximize your spending and keep your finances in order. Many also offer huge sign-up bonuses and spending category bonuses – and you can generally get a personal and business card on the same day per issuer and have it count as a single hard inquiry on your credit. Most issuers will also let you link your personal and business credit card together so you don’t have to manage multiple accounts, and your points accrue into one central account, making it easier to rack up rewards and maximize the bonuses on all of your cards.

So there are a lot of great reasons to get a business card – and if you’re in the market for one, here are the current top offers out there at the moment and their benefits.

I launched a new small business - so it was time for another Ink Plus!

Business cards offer perks personal cards don’t.

Transferable Points Cards

Ink Plus Business Card
Current Sign-up Bonus: 60,000 points with $5,000 spend in the first 3 months
Benefits: Earn 5 points per dollar at office supply stores, cellphone, landline, internet, and cable TV services and 2 points per dollar spent at gas stations and on hotel accommodations, up to $50,000 annually. Receive a complimentary LOUNGE CLUB membership and 2 free visits each year with access to over 350 VIP airport lounges.
Annual Fee: $95 waived the first year

Ink Bold Business Card
Current Sign-up Bonus: 60,000 points with $5,000 spend in the first 3 months
Benefits: Earn 5 points per dollar at office supply stores, cellphone, landline, internet, and cable TV services and 2 points per dollar spent at gas stations and on hotel accommodations, up to $50,000 annually.
Annual Fee: $95 waived the first year

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Business Platinum Card from American Express
Current Sign-up Bonus: 40,000 points when you spend $5,000 in the first 3 months.
Benefits: This card also comes with the same benefits of the Platinum Card from American Express.
Annual Fee: $450

Business Gold Rewards Card from American Express OPEN
Current Sign-up Bonus:
25,000 points with $5,000 spend in the first 3 months
Benefits: Earn 3 points per dollar on airfare, 2 points per dollar on US purchases for advertising in select media, shipping and at gas stations, and one point per dollar on all other transactions. Receive Purchase Protection, Return Protection, Extended Warranty, Travel Accident Insurance, and Car Rental Loss and Damage Insurance.
Annual Fee: $175 waived the first year

Cash Back and Fixed-Value Cards

Ink Cash
Current Sign-up Bonus: $300 bonus cash back after you spend $3,000 in 3 months from account opening.
Benefits: Earn 5% cash back on the first $25,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services; 2% cash back on the first $25,000 spent annually at gas stations and restaurants; 1% cash back on all other card purchases with no limit to the amount you can earn. 0% introductory APR for 12 months on purchases and balance transfers.
Annual Fee: $0

Capital One Spark Miles for Business
Current Sign-up Bonus: Get 25,000 bonus miles—just spend $5,000 on purchases within the first 3 months.
Benefits: Earn 2 miles per $1 on all purchases, 5,000 bonus miles when you get an employee card.
Annual Fee: $59 waived the first year.

Capital One Spark Cash for Business
Current Sign-up Bonus: Get a $250 cash bonus—just spend $5,000 on purchases within the first 3 months
Benefits: Earn 2% cash back on every purchase, every day. Receive a $50 cash bonus by signing up for one or more employee cards.
Annual Fee: $59 waived the first year.

Blue for Business from American Express
Current Sign-up Bonus:
 10,000 bonus points after your first purchase on the card in the first 3 months.
Benefits: Earn a 30% annual Relationship Bonus. This card has no annual fee for the primary user as well as no annual fee for additional cards for employees. You can choose rewards from over 500 leading brands in travel, gift cards, merchandise or entertainment and use points to reinvest in your business and reward your employees and clients. Enjoy 0% introductory APR on purchases for the first 9 months.
Annual Fee: $0

U.S. Bank FlexPerks Business Travel Rewards Visa card
Current Sign-up Bonus: 20,000 bonus FlexPoints
 after you spend $3,500 in the first four months.
Benefits: You will also earn 3 points per dollar spent on qualifying charitable donations, 2 points per dollar on most cellphone expenses and on gas, groceries or airline purchases – whichever you spend the most on each billing cycle. Additionally you will earn 1 point per dollar spent in net purchases. You can also earn another 5,000 points when you refer a friend who acquires and uses the card. For an explanation of how FlexPoints work and how they can be used, read this post.
Annual Fee: The $55 annual fee is waived the first year and every year your company spends $24,000 on card.

CitiBusiness ThankYou Card
Current Sign-up Bonus: 15,000 bonus ThankYou points after you spend $3,000 in the first 3 months – redeemable for $150 in gift cards.
Benefits:  Earn 3 ThankYou Points per dollar spent on eligible purchases in quarterly rotating business categories. The current bonus categories are airlines, hotels and car rental merchants.
Annual Fee: $0

Airline Cards

Citi Executive AAdvantage World Mastercard
Current Sign-up Bonus: 100,000 AAdvantage miles with $10,000 spend in 3 months
Benefits: Earn 2 AAdvantage miles per $1 spent on eligible American Airlines purchases, 1 mile per $1 on everything else. Admirals Club membership privileges; 10,000 elite miles when you spend $40,000 on eligible within a calendar year; your first eligible checked bag is free, priority boarding and 25% savings on eligible in-flight purchases; SmartChip technology; no foreign transaction fees.
Annual Fee: $450

I got in on the current 100,000-mile offer.

The 100,000-mile offer is one of the best out there at the moment.

Citi Business AAdvantage World Mastercard
Current Sign-up Bonus: 50,000 AAdvantage miles after $3,000 in purchases in the first 3 months of cardmembership.
Benefits: You will also earn 2 miles per dollar spent on eligible American Airlines purchases and on purchases at certain office supply, telecommunications and car rental merchants.
Annual Fee: $95 annual fee is waived for the first year.

Southwest Rapid Rewards Premier Business Credit Card 
Current Sign-up Bonus: 50,000 points after you spend $2,000 in the first three months.
Benefits: With this card you will earn 2 points per dollar spent on Southwest Airlines and AirTran Airways purchases as well as Rapid Rewards Hotel and Car Rental Partner purchases and 1 point per dollar spent on all other purchases. 6,000 bonus Tier points on cardmember anniversary. No forex fees. Higher offers come periodically, so I might wait on this one.
Annual Fee: $99

United MileagePlus Explorer Business Card
Current Sign-up Bonus: Earn 50,000 miles when you spend $1,000 in 3 months.
Benefits: Earn 10,000 bonus miles when you spend $25,000 in a calendar year. Earn 2 miles for each $1 spent at restaurants, gas stations, and office supply stores and on tickets purchased from United. First checked bag free. No foreign exchange fees.
Annual Fee: $95 annual fee waived the first year.

Barclaycard is offering a new Hawaiian Airlines business credit card.

Barclaycard is offering a new Hawaiian Airlines business credit card.

The New Hawaiian Airlines Business Mastercard
Current Sign-up Bonus: 35,000 bonus miles after first purchase.
Benefits: Receive a one-time 50% Off Companion Discount for roundtrip coach travel between Hawaii & North America on Hawaiian Airlines. Earn 2X miles per $1 on direct purchases from Hawaiian Airlines, 1X miles on everything else. Earn up to 10X miles per $1 with participating partners. Earn 20,000 annual bonus miles on your Hawaiian Airlines Business MasterCard account anniversary when you spend between $50,000 and $99,999 in Net Purchases within an anniversary year, or 40,000 annual bonus miles on their credit card account anniversary when you spend at least $100,000 in Net Purchases within an anniversary year. Share miles for free. Hawaiian Airlines Business MasterCard cardholders can receive HawaiianMiles from friends and family online at HawaiianAirlines.com up to 10 times per calendar year. No foreign transaction fees. SmartChip technology.
Annual Fee: $89

US Airways BusinessCard
Current Sign-up Bonus: 25,000 miles with first purchase (earn another 10,000 more miles with a balance transfer, which will incur fees). Earning: 2 miles per dollar on US Airways purchases and 1 mile per dollar on everything else.
Benefits: 5,000-mile discount on US Airways awards (not applicable on partner awards), complimentary US Airways club pass and up to 10,000 Preferred Miles a year when you spend $25,000 in a calendar year.
Annual Fee: $79

Alaska Airlines Business Visa
Current Sign-up Bonus: 25,000 miles after first purchase.
Benefits: Earn 3 miles per dollar on Alaska Airlines purchases, 1 mile for everything else, $99 annual coach companion ticket.
Annual fee: $50 per company, $25 per card (company level earning plan) or $0 per company, $75 per card (individual level earning plan).

Delta Reserve for Business
Current Sign-up Bonus: 10,000 Medallion Qualifying Miles upon your first purchase.
Other Benefits: With this card you will also earn 2 miles per dollar on Delta purchases and 1 mile per dollar on all other eligible purchases. This card as well as the Delta Platinum personal and business cards offer Companion passes which you can read about here. No foreign transaction fees after May 1. Spend $30,000 for 15,000 MQMs, or $60,000 for 30,000 MQMs; in either case, these MQMs are earned for eligible purchases in a calendar year. Also, spending $25,000 in a calendar year on this card will waive Delta’s new Medallion Qualifying Dollars requirements for elite status at any elite level.
Annual Fee: $450

The Delta Reserve gives you elite miles and SkyClub access.

The Delta Reserve gives you elite miles and SkyClub access.

Platinum Delta SkyMiles Card From American Express
Current Sign-up Bonus: Up to 5,000 MQMs and 35,000 bonus miles when you spend $1,000 in the first 3 months.
Other Benefits: Additionally you will earn 2 miles per dollar spent on Delta purchases and 1 mile per dollar spent on everything else. You can get 10,000 MQMs and 10,000 bonus miles after you spend $25,000 in a calendar year. Then, get another 10,000 MQMs and 10,000 bonus miles after you reach $50,000 in that same calendar year. Check out this post to see why I decided to get the Business Platinum Delta SkyMiles card. No foreign transaction fees.
Annual Fee: $195

Hotel Cards

Club Carlson Rewards Business Visa
Current Sign-up Bonus: 85,000 Gold Points, 50,000 of which will be earned after your first purchase, plus 35,000 more points once you spend $2,500 within the first 90 days.
Benefits: You will earn 10 points per dollar spent at participating Carlson Rezidor hotels and 5 points per dollar spent everywhere else. Club Carlson cards come with Gold status and a bonus award night.
Annual Fee: $60

Starwood Preferred Guest American Express Business Card
Current Sign-up Bonus: 25,000 Starpoints – 10,000 with first purchase and another 15,000 with $5,000 spend in the first 6 months of Cardmembership
Benefits: Earn 2x points on Starwood purchases, 1x on other purchases. Get 5,000 bonus Starpoints when you transfer 20,000 Starpoints to a frequent flyer program with more than 30 airlines; 2 stays/5 nights credit toward elite status qualification.
Annual Fee: $0 introductory annual fee for the first year, then $65
Are you maximizing the potential of your wallet? Image courtesy of Shutterstock.

Are you maximizing the potential of your wallet? Image courtesy of Shutterstock.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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  • shay peleg

    Which of these cards have no fees for use abroad?

  • Trav

    I guess it is targeted, but a few days ago, I received an Amex Business Platinum offer of 100K MR points after spending 10K in 3 months.

  • thepointsguy

    Awesome deal- I’d hop on that in a second

  • thepointsguy

    All capital one cards waive foreign transaction fees. The Amex business platinum and ink plus/bold do as well

  • Dan

    Does having a rental property qualify as a business?

  • Norzan

    Hi, I always wonder what type of reward the Chase Ink Cash card earns. If I have Sapphire Preferred and Ink Cash, am I allowed to transfer those I earned from Ink Cash to mileage/hotel accounts? Thanks :)

  • KevininRI

    Someone correct me if I’m wrong but I believe it’s similar to the Chase Freedom card where you earn points that can’t be transferred directly to airlines/hotels but if you have a Sapphire Preferred card as well you can transfer Ink Cash “points” 1:1 into your Sapphire Ultimate Rewards account that can then be transferred to airlines/hotels. Considering replacing my Ink Plus with Ink Cash for this reason to avoid the annual fee.

  • hammy

    Hey everybody,

    Are we able to apply for both the Ink Bold and Ink Plus Cards? Under the same company?

  • http://creditcardjoint.com Credit card Joint

    There is also the new Chase Business Marriott card that has a 50k signup bonus.

  • thepointsguy

    Yes

  • thepointsguy

    Correct- like Freedom it is cash back, but if you have Ink Plus/Bold/Sapphire Pref you can then transfer them to partners

  • thepointsguy

    I don’t see why not

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