Best Business Credit Cards 2020

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Company credit cards are useful tools for managing cashflow and can even turn dreaded expenses into rewards. Compare a range of business credit cards with Mozo to find a competitive interest rate and the right range of features for your business.

Your business needs aren’t exactly the same as the next business, which is why it pays to compare different types of business credit cards to find a card suited for your needs. Mozo can help you to search and compare business credit cards on features that matter most to you whether that’s a low interest rate, rewards or platinum benefits.

Best Business Credit Card For Membership Rewards – Best Business Credit Cards 2020

American Express® Business Gold Card

A business with significant spending in any two categories can offset the annual fee and earn massive rewards through the 4x points rate.

Pros

  • Flexible redemption and points transfer options
  • Robust travel benefits
  • Automatic 4x points on the two categories you spend the most on

Cons

  • High $295 annual fee
  • 4x points rate is limited to the first $150,000 in spending annually
  • No option to carry a balance

 

REGULAR APR

15.74% – 23.74% Variable

ANNUAL FEE

$295

WELCOME BONUS

35,000 Membership Rewards® points

CREDIT SCORE

Excellent/Good

Best Credit Card For Small Businesses – Best Business Credit Cards 2020

Capital One® Spark® Cash for Business

Business owners who want a simple, no-hassle cashback program and spend generally across categories will gain solid rewards from this card.

 

Pros

  • High 2% cashback rate applies to all purchases
  • Visa benefits
  • No-fee employee cards
  • No foreign transaction fees

Cons

  • Penalty APR is one of the highest we’ve seen
  • No intro APR offer
  • No bonus spending categories to boost rewards

 

 

REGULAR APR

18.49% (Variable)

ANNUAL FEE

$0 intro for first year; $95 after that

WELCOME BONUS

$500 cash bonus

CREDIT SCORE

Excellent, Good

Best Credit Card For Business Travel – Best Business Credit Cards 2020

Ink Business Preferred℠ Credit Card

Frequent business travelers who spend generously within the bonus categories will find extreme value in this card.

 

Pros

  • Remarkable welcome bonus
  • No foreign transaction fee
  • Free cards for employees
  • Rewards for common business expenses

Cons

  • High penalty APR if you miss a payment
  • Has annual fee
  • High 5% fee for cash advance (min $15)
  • High 5% fee for balance transfer (min $5)

 

REGULAR APR

17.49% – 22.49% Variable

ANNUAL FEE

$95

WELCOME BONUS

80,000 bonus points

CREDIT SCORE

Excellent Credit

Best Business Credit Card For Air Travel – Best Business Credit Cards 2020

CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®

Small businesses who travel frequently on AA will love the perks that come with this card.

 

Pros

  • Excellent travel perks with AA
  • Large network of partner airlines via OneWorld Alliance
  • No foreign transaction fee

Cons

  • No intro APR offer
  • Doesn’t give access to American Airlines’ Admirals Club airport lounges
  • $99 annual fee (waived first year)

 

 

REGULAR APR

17.49% – 26.49% (Variable)

ANNUAL FEE

$99, waived for first 12 months

WELCOME BONUS

65,000 American Airlines AAdvantage® bonus miles

CREDIT SCORE

Excellent/Good

Best Business Credit Card For Hotel Rewards – Best Business Credit Cards 2020

Marriott Bonvoy Business™ American Express® Card

Frequent business travelers who are loyal to Marriott Bonvoy hotel brands will love this card’s generous perks and rewards.

 

Pros

  • Generous welcome bonus
  • High redemption value for rewards points
  • No blackout dates and points never expire

Cons

  • Only frequent travelers can justify the $125 annual fee
  • No non-travel points redemption options
  • No intro APR offer

 

 

REGULAR APR

17.24% – 26.24% Variable

ANNUAL FEE

$125

WELCOME BONUS

75,000 bonus Marriott Bonvoy points

CREDIT SCORE

Excellent/Good

Best Credit Card For Business Startups

Brex Corporate Card for Startups

A perfect match for startups and early-stage companies with funding but no profits, and whose principals do not want to put personal credit ratings at risk

 

Pros

  • No personal guarantee or credit check required
  • No annual fee
  • Fast sign-up process
  • Instant access to credit line

Cons

  • Geared towards well-funded startups, not smaller ventures
  • Exclusive Rewards program is limited to companies that meet certain qualifications

 

 

REGULAR APR

N/A

ANNUAL FEE

Up to $60

WELCOME BONUS

30,000 Brex Rewards points

CREDIT SCORE

Excellent Credit

Best Credit Card For New Businesses With No Credit Lines – Best Business Credit Cards 2020

Wells Fargo Business Secured Credit Card

For businesses with limited or poor credit, this card offers a solid option to build credit while earning 1.5% cashback on all purchases.

 

Pros

  • Relatively low $25 annual fee
  • Solid cashback rewards program
  • Path to a possible upgrade to an unsecured card

Cons

  • Credit limit is capped to the amount of security deposit
  • High 4% cash advance fee
  • Still requires a credit check

 

REGULAR APR

17.15% variable APR on purchases

ANNUAL FEE

$25

WELCOME BONUS

None

CREDIT SCORE

Bad/Poor

Best Business Credit Card For Employee Use – Best Business Credit Cards 2020

Wells Fargo Business Elite Card®

Only for businesses with annual sales over $1 million who require robust employee spending control and reporting. For others, better options are available.

 

Pros

  • No fee for employee cards
  • Robust control of employee spending by category, amount and time
  • Detailed employee spend reporting

Cons

  • Only available to businesses with annual sales above $1 million
  • Minimum annual spend requirement of $25,000
  • Rewards rate is mediocre

 

REGULAR APR

9.24% Variable APR on purchases

ANNUAL FEE

$125 Annual fee (waived first year)

WELCOME BONUS

One-time $1,000 cash back bonus or 100,000 bonus points

CREDIT SCORE

Good/Excellent

Best Business Credit Card For Cash Back & No Fee – Best Business Credit Cards 2020

 

Discover it® Business Card

Businesses with heavy spending needs in the first year could rack up impressive rewards with the 1-for-1 matching cashback intro offer.

 

Pros

  • 100% U.S. Based Customer Service
  • Solid 1.5% cashback rewards on all spending
  • Double cashback rewards for the first year

Cons

  • No travel benefits
  • No bonus spending categories to boost rewards

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