Small Business Owner? Check Out These Rewards Cards

Business credit cards are a great tool which can save you both time and money. With many cards offering generous signup bonuses as well as cash back, using a business credit card is a great way to earn rewards for things you routinely buy anyway.

1) Capital One Spark Cash for Business

New cardholders have the opportunity to earn a $500 introductory bonus upon approval. To qualify, you have to spend at least $4,500 in the first three months that your account is active. Members earn cash back rewards at the rate of 2X per dollar spent on all purchases. This card does not offer rotating bonus rewards categories. Rewards can be redeemed in any amount and at any time. If you prefer, automatic reward redemptions can be set up for when you reach a specific dollar threshold amount. The annual percentage rate for both purchases and balance transfers is 16.9%. There is an annual fee of $59 which is waived for the first year.

2) Ink Cash Business Card

This card is offering qualified applicants the chance to earn a $300 cash back bonus once you spend at least $3,000 in the first three months that your account is open. Card members receive 5% cash back per dollar spent on the following expenses: cellular phones, landline and Internet services as well as cable, and purchases made at office supply stores. The 5% earning rate is capped at $25,000 in combined purchases per year. Members earn 2% cash back per dollar spent on restaurant and gas station transactions – again with a combined purchase amount of $25,000 annually. All other purchases earn 1% cash back per dollar spent. Any purchases exceeding the spending threshold in the 5% and 2% categories earn 1% cash back. Rewards can be redeemed for cash back, travel, or gift cards. The Ink Cash Business card comes with a 12-month, 0% introductory APR on purchases and balance transfers. There is no annual fee for this card.

3) SimplyCash American Express

New members can earn a $250 statement credit after spending at least $5,000 in the first six months that your account is active. Additionally, you will earn 5% cash back for every $1 spent at office supply stores and on wireless telephone services. Note: Wireless services must be purchased directly from service providers. Members can choose one category which will earn 3% cash back from a list which includes rental cars, airline tickets, hotel stays, restaurants, and more. The 5% and 3% rewards rates are capped at $25,000 per year. Transaction amounts which exceed the spending thresholds will earn 1% cash back. All other purchases earn the standard 1%. This card is offering new account holders a 0% introductory APR on purchases for the first nine months that your account is open. This card charges no annual fee.