Best Business Credit Cards for 2017 Holiday Spending
November 30, 2017
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If you’re a business owner gearing up for end-of-year festivities, now might be a smart time to pick up a business credit card. With a business card that offers rewards, you can earn cash-back, travel rewards, or special incentives for all of your year-end gifts. Not only that, but there are all kinds of long-term incentives that could convince you to keep your new card for the long haul.
Before you spend hundreds – or even thousands – of dollars on holiday gifts for your employees or vendors, it can pay off to spend some time figuring out the best business credit card for your needs. Here are some options to consider along with their pros and cons for the 2017 holiday season and beyond:
#1: Ink Business Preferred? Credit Card
The Ink Business Preferred? Credit Card offers one of the best incentives to sign up and use it for employee gift-giving. This card offers an amazing 80,000 points after you use it for $5,000 in purchases within three months of account opening. You’ll also earn 3x points on bonus categories that include travel, shipping purchases, internet, cable, and phone, and advertising made with select social media, and 1x points on all other purchases.
This offer can be advantageous no matter your rewards goals – and for more reason than one. Since this is a premier travel credit card, you can use your points to book travel through the Chase Ultimate Rewards travel portal or transfer them to popular transfer partners like Hyatt, Marriott, IHG Rewards, British Airways, Southwest Airlines, or United Airlines.
You can also redeem your points for high value gift cards or cash back directly in the form of a statement credit at a rate of one cent per point. While you can get optimum value redeeming points for travel, redeeming points for gift cards or cash back gives you $800 in rewards for your signup bonus alone.
- Pros: The huge signup bonus on this card is hard to beat, and having more than one way to redeem your points makes this card especially flexible.
- Cons: This card does come with a $95 annual fee that is not waived the first year.
- Best For: The Ink Business Preferred? Credit Card is best for a business owner who wants to earn cash back or travel rewards, or for someone who spends a lot on bonus categories like travel or shipping.
#2: Capital One® Spark® Cash for Business
The Capital One® Spark® Cash for Business offers a very simple earning structure and rewards program that can benefit any business owner hoping to earn cash back for their end-of-year spending. This card offers a flat 2 percent cash-back on every dollar you spend. Once you rack up enough points, you can redeem them for a statement credit at a rate of one cent per point.
This card also doles out a generous 50,000 points worth $500 in cash back after you use your card for $4,500 in purchases within the first three months of account opening. Best of all, it comes with an annual fee of only $59, but the fee is waived the first year.
- Pros: It’s hard to beat 2 percent cash-back for every dollar you spend, and redeeming your points for statement credits makes the entire process easy.
- Cons: While you can redeem your points to cover travel expenses, this card doesn’t let you transfer points to popular airline and hotel loyalty programs.
- Best For: This card is ideal for business owners who want to earn simple cash back without the hassle or stress of figuring out a complicated rewards program.
#3: Ink Business Cash? Credit Card
The Ink Business Cash? Credit Card is another business card that comes with long-term perks for the average business owner. Not only does this card offer $300 cash back after you use it for $3,000 in purchases within the first three months of account opening, but it comes with some pretty unique bonus categories. Once you sign up, you’ll earn 5 percent cash back on your first $25,000 spent at office supply stores and on internet, cable, and phone annually, 2 percent cash-back at gas stations and restaurants, and 1 percent cash-back on all other purchases.
The fact you can redeem these points for statement credits makes this card an easy option for business owners who want to earn simple rewards. Keep in mind, however, that you can also cash in your points for travel, gift cards, or merchandise. The best part is, this card never charges an annual fee so you can keep it for the long haul.
- Pros: It’s hard to argue against a rewards card with no annual fee, but this card takes its value up a notch with its easy cash-back rewards.
- Cons: This card doesn’t let you transfer points to airline and hotel loyalty programs.
- Best For: This card is a smart option for any business owner who spends a lot at office supply stores or on internet, cable, and phone services. It’s also a good deal for anyone who doesn’t want to pay an annual fee.
#4: SimplyCash® Plus Business Credit Card from American Express
The SimplyCash® Plus Business Credit Card from American Express is yet another business card that could bring a bounty of rewards for any business owner who signs up in time for their end-of-year holiday spending spree. For starters, this card offers a tiered signup bonus. First, you’ll earn $200 in statement credits after you use your card for $5,000 in business purchases during the first six months of account opening. Plus, you can earn an additional $200 in statement credits after you use your card for an additional $10,000 in purchases within the first year of account opening.
In terms of rewards on your regular business spending, you’ll earn 5 percent cash back at U.S. office supply stores and on wireless telephone services purchased direct, 3 percent back in a special category of your choosing, and 1 percent cash-back on all other purchases. Your choices for your 3 percent bonus category include:
- Airfare purchased from airlines
- Hotel purchases made directly with hotels
- Car rentals with select companies
- U.S. gas stations
- U.S. restaurants
- U.S. purchases for advertising on select media
- U.S. shipping purchases
- U.S. computer hardware, software, and cloud computing software with select providers
While having so many options is already a boon, this card is especially beneficial for business owners because it doesn’t charge an annual fee.
- Pros: This card is fee-free, but it also lets you tailor your rewards to the unique spending patterns of your business.
- Cons: You can only redeem your points for statement credits.
- Best For: This card is ideal for any business who spends a lot in the included bonus categories but doesn’t want to pay an annual fee.