Though not covered by the Credit CARD Act of 2009, business rewards credit cards have a positive reputation amongst small businesses. According to the National Small Business Association, 37% of business owners are relying on credit to cover a portion of their costs.
These credit cards feature expense-tracking tools that help organize and monitor company finances, all while earning rewards for business expenses such as gas, office supplies, transportation and more.
Credit card expert Beverly Harzog shared her opinions regarding the more popular business rewards cards.
First is American Express’s Starwood Preferred Guest Business Credit Card. This card is worthwhile if Starwood hotels are frequented often, says Harzog. These hotels include the Sheraton, Westin and St. Regis as well.
Next is Chase Ink Cash Credit Card, which Harzog approves of for its cash-back bonus. However, the tiered rewards system can be confusing for some.
Capital One Spark Cash Credit Card provides a 2% cash-back with every purchase, and also offers a one-time $100 bonus for $1,000 spending in the first three months.
Fourth is Citi Platinum Select/ AAdvantage Card, which is especially beneficial for those who often fly American Airlines. The card’s current deal offers 50,000 miles on American Airlines if $3,000 is spent in the first four month.
Last is Gold Delta SkyMiles Credit Card, which is the best option for individuals, according to Gerri Detweiler of Credit.com. Up to 8 people can check their first bags for free, while just $500 of spending in the first three months earns a bonus of 30,000 miles.
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