Depending on the card, you may also be able to link your quarterly expense reports to certain accounting software so you can track your spending and be prepared for tax season. Most business card issuers report the debt to business credit reporting services. Issuers like Capital One and Discover also report activity to the major consumer credit bureaus. Check your credit card agreement to find out who they report your debts and payments to, and when.

Business credit cards vary in their offerings, and each business owner should determine which card structure best fits their business needs. Business credit cards work much the same way as personal credit cards, though they generally offer a higher spending limit and better rewards programs. They also include business-centric tools to track spending in various categories or by employee. Oftentimes, expense information can be downloaded and easily imported into your business accounting software.

Best High Limit Business Credit Card Bonus

Business card applications also require information related to the business itself, like name of business, industry, EIN (if applicable) and revenue. Unlimited 5% total cash back on travel purchased through Chase Ultimate Rewards Unlimited 2.5% total cash back on purchases of $5,000 or more Unlimited 2% cash back on all other business purchases. Most recently before joining Bankrate, Robert worked as an editor and writer at The Ascent by The Motley Fool, covering a number of personal finance topics, including credit cards, mortgages and loans. An important thing to remember when considering both business and personal credit is that making payments on time is crucial to avoid damaging your credit score. The Ink Business Preferred Credit Card’s sign-up bonus is among the highest we’ve seen from Chase. Plus earn points across the four bonus categories (travel, shipping, advertising and telecommunication providers) that are most popular with businesses.

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Best for Travel: Capital One Venture X Business

One of the primary ways to determine which credit card is best for small businesses is the value of its sign-up bonus. As you can see, the bulk of the first-year value comes from the sign-up bonus itself — I used our latest valuations to calculate a dollar amount for each offer. The United Business card offers a plethora of travel benefits that will benefit what is business credit cards business owners who prefer to fly United — all for a reasonable $0 introductory annual fee for the first year, then $99. The Capital One Spark Cash Plus is a business cash-back card that offers 2% on all purchases. If your business spends more than $7,500 annually and doesn’t want to keep up with multiple bonus categories, this is the perfect card for you.

But according to a 2023 study by JPMorgan Chase & Co., over 58 percent of small business owners who participated in the study carried a credit card balance for 12 months in 2022. Some business credit cards also require a personal guarantee from the business owner. This is a legally binding agreement that makes the owner personally responsible for repaying the business credit card debt if the business fails to do so.