Many banks offer enticing small-business credit cards. However, some of the best small-business cards limit lucrative earning rates. If your small business has significant spending, you’ll want to opt for a small-business card with unlimited earning rates.
Businesses with significant business spending might hit that cap in one month of spending. These small businesses will want to opt for other cards that offer uncapped 2% cash back earnings, elite status, free hotel nights or other rewards for significant spending.
The right card (or cards) for your small business depends on what rewards you want from your small-business spending. Let’s take a look at the best options for each category.
Maximize your cash back earnings
For many small businesses, cash is king. Scoring cash back on your small-business credit card can help with cash flow. And the cash back earnings can add up from significant spending.
Top options for maximizing the cash back earnings on business spending include:
Capital One Spark Cash Plus: Earn unlimited 2% cash back on all purchases with 5% cash back on hotels and rental cars booked through Capital One Travel. Plus, earn a $200 annual cash bonus each year you spend $200,000 or more. $150 annual fee.
Chase Ink Business Premier: Earn unlimited 2% cash back on purchases with an elevated earning rate of 2.5% cash back on purchases of $5,000 or more. Plus, earn 5% cash back on all purchases made through the Chase Ultimate Rewards® travel portal. $195 annual fee.
Just make sure to do the math on your after-fee return. Small businesses with significant spending will likely do better paying an annual fee to get a higher earning rate. For example, with $5,000 in monthly spending, you’ll get after-fee earnings of at least $1,005 per year through the Ink Business Premier versus $900 through the Ink Business Unlimited® Credit Card.
Maximize your points and miles earnings
The right points-earning business card will depend on just how much your business spends each month and in which categories.
However, this 3x earning rate is capped at $150,000 per year in spending. Then, you’ll earn 1x points on all purchases.
Airfare purchased directly from airlines.
U.S. purchases for advertising in select media (online, TV or radio).
U.S. purchases made directly from select technology providers of computer hardware, software, and cloud solutions.
U.S. purchases at gas stations.
U.S. purchases at restaurants, including takeout and delivery.
U.S. purchases for shipping.
But again, this earning rate is capped at $150,000 in combined spending each year. After that, you’ll earn 1x points on all spending. Terms apply.
For unlimited points and miles earnings, Capital One takes the prize. The Capital One Spark Miles for Business card earns 2x Capital One miles on all purchases, plus 5x on hotels and rental cars booked through Capital One Travel. The card comes with an annual fee of $0 intro for the first year, then $95 after that.
Consider business credit cards for airline miles
Other top small-business options depend on what type of points and miles you wish to earn. Here are some of the best business credit cards for airline miles that offer a spending bonus or more than 1x earnings:
Earn airline and hotel elite status
Small businesses have plenty of ways to leverage their significant spending to get airline and hotel elite status. Here’s a look at some of the options.
Airline elite status
Big spenders have plenty of options for generating airline elite status credits through credit card spending. Here’s a quick recap of the airline elite status levels that you can get through credit card spending:
American Airlines AAdvantage: Earn 1 Loyalty Point per $1 spent on almost all AAdvantage co-branded credit cards — including the CitiBusiness® / AAdvantage® Platinum Select® Mastercard®. $30,000 in card spending in a year gets you AAdvantage Gold while $200,000 in spending nets you top-tier AAdvantage Executive Platinum elite status.
Delta Medallion: Use Delta Status Boost to get bonus Medallion Qualification Miles from credit card spending. If maximized, Delta SkyMiles® Reserve Business American Express Card cardmembers can earn 60,000 bonus Medallion Qualification Miles by spending $120,000 or more on the card in a calendar year. Also, by making $25,000 in eligible purchases in a calendar year, you’ll get a Medallion Qualification Dollar waiver for Delta Platinum, Gold and Silver Medallion elite status. $250,000 in spending scores you a waiver for top-tier Diamond Medallion status.
United Premier: Several United co-branded credit cards offer Premier Qualifying Points for reaching set spending thresholds. Cardholders of both the United℠ Business Card and United Club℠ Business Card can earn 500 Premier Qualifying Points (PQP) for every $12,000 in net card spending in a calendar year, up to a maximum of 1,000 PQP.
Hotel elite status
Like airline status, several hotel elite status tiers can be reached through significant business credit card spending. Here’s an overview of your best choices:
Earn free hotel nights
Another way to be rewarded for significant business spending is through hotel free night awards. Here’s a roundup of some top options:
Hilton Honors: The Hilton Honors American Express Business Card cardmembers will get one Free Weekend Night Reward after spending $15,000 in a calendar year. Then, earn a second Free Weekend Night Reward after reaching $60,000 in eligible spending during a calendar year. Terms apply.
IHG One Rewards: Cardholders of the IHG® Rewards Premier Business Credit Card get Anniversary Free Night (valued up to 40,000 points) each calendar year. Plus, you can earn another free night by spending $60,000 on your card in a calendar year — and then making one additional purchase.
Marriott Bonvoy: The Marriott Bonvoy Business® American Express® Card already grants cardholders a Free Night Award (up to 35,000 points in value) on each cardholder anniversary. Score another Free Night Award after spending $60,000 in a calendar year. Terms apply.
Consider a multiple card strategy
Instead of just using one business credit card, you can split your business spending across several credit cards to maximize your rewards-earning potential.
Say your small business spends around $10,000 per month. You could split your spending between The JetBlue Business Card and The Hilton Honors American Express Business Card to earn:
JetBlue Mosaic elite status.
Top-tier Hilton Diamond elite status.
Two Weekend Free Night Rewards.
At least 60,000 JetBlue TrueBlue points.
A minimum of 180,000 Hilton Honors points.
Plus all of the other travel perks that come with each card — like 10 Priority Pass lounge visits or 50% off in-flight purchases. Terms apply.
Maximize rewards on business spending
The best business card — or combination of travel cards — comes down to your earning and travel preferences. Top-tier AAdvantage Executive Platinum status might be worth spending $200,000 on a CitiBusiness® / AAdvantage® Platinum Select® Mastercard®. However, other small-business owners might prefer to generate $4,000 in cash back by putting that spending on the Capital One Spark Cash Plus instead.
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2022, including those best for: