Getting the best cash back credit cards for business is essential for small business owners if they want to keep their personal and work-related expenses separate while earning valuable rewards in the process.
In fact, even if you have a side hustle, you can still qualify for a business credit card. Credit card issuers recognize that even a small business can benefit from the perks and rewards that come with a business card.
When it comes to rewards credit cards, there are a variety of options on the market. But for some businesses, a cash-back credit card might be the best fit.
That’s why we’ve rounded up some of the best cash-back business credit cards available today.
While business credit cards offer an effective way for companies to manage their finances and save money through rewards and cash-back, there are certain issues you may encounter when searching for a suitable cash-back business credit card.
For example, some cards may offer high cash-back rates but also impose high international FX fees, have a clunky dashboard, and be unsuitable for new businesses and startups.
So we try to analyze each card’s benefits and drawbacks, rewards structure, welcome bonuses, annual fees, and more to help you find the perfect cash-back card for your business needs.
Whether you’re a weekend landscaper, driver, or full-time freelancer working online, you can still benefit from a business credit card.
Make sure you read till the end to find out which cash-back business credit card is right for you.
Let’s get started.
What are the best cash back credit cards for a business in 2023?
Here are the best cash back credit card for business
1. Chase Ink Business Unlimited Credit Card
Our top pick for the best cash back credit card for businesses is Ink Business Unlimited® Credit Card from Chase.
In fact, this is the best credit card that offers generous cash back rewards without complicated spending categories and high annual fees.
Our Personal Take on Chase Ink Business Credit Card
The Ink Business Unlimited® Credit Card is a great choice for business owners who want to earn cash back rewards on all their purchases without having to worry about complicated spending categories or high annual fees.
With its generous rewards program, favorable financing options, and no annual fee, this card is a strong contender for the best cash back credit card for business.
Why Chase Ink?
Chase Ink Business Credit card is a top contender for the best cash back credit cards for business, thanks to its impressive rewards program and favorable financing options.
First, let’s talk about the welcome bonus.
After you spend $6,000 on purchases in the first three months from account opening, you can earn a whopping $900 in bonus cash back.
Once you’ve earned your welcome bonus, you’ll continue earning 1.5% cash back on every purchase you make with the card.
There’s no need to track spending categories or worry about bonus categories changing every quarter.
You’ll earn rewards on all your ongoing business expenses, from office supplies to travel expenses and everything in between.
Another benefit you will enjoy with the Ink Business Unlimited® Credit Card is the fact that it has no annual fee.
This means you can enjoy the benefits of the card without having to pay an extra cost every year.
Also, the card offers a 0% introductory APR on purchases for the first 12 months after account opening.
This is a great option if you need to make large purchases for your business but want to spread out the payments over time.
Of course, it’s important to note that the Ink Business Unlimited® Credit Card does have a variable APR after the introductory period ends.
The regular APR falls between 17.49% – 23.49%, depending on your creditworthiness.
Additionally, the balance transfer fee is either $5 or 5% of the amount of each transfer, whichever is greater.
There is also a foreign transaction fee of 3%, so keep that in mind if you frequently travel internationally for business.
2. Capital One Spark 2% Cash Plus Credit Card
Another best cash back credit card for business is the Capital One Spark 2% Cash Plus Credit Card. This credit card is a top choice for business owners who want to maximize their cash back rewards.
Our Personal Take on Capital One Spark Cash Plus Credit Card
The Capital One Spark 2% Cash Plus Credit Card is a solid choice for business owners who want straightforward cash back rewards and valuable perks. While the high spending requirement may not be feasible for every business, those who can meet it will enjoy significant savings.
Why Capital One Spark Cash Credit Card
One of the standout features of Capital One Spark Cash Plus Credit Card is its welcome offer. When you’re approved for the card, you can earn up to a $1,000 cash bonus.
To earn the bonus, you’ll need to meet two spending requirements: one, you must earn $500 once you spend $5,000 in the first three months, and you must earn an additional $500 once you spend $50,000 in the first six months
While the spending requirement is high, if you have significant monthly expenses, it can be worth it.
And as you continue to use the card, you’ll earn 2% cash back on every purchase without any spending categories to track.
With a generous 2% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel, you can save big on your business expenses with this card
The card has a modest $150 annual fee, which is tax-deductible for your business. And if you do carry a balance, you won’t be charged interest.
Instead, you’ll owe a 2.99% late fee for the unpaid portion of your statement balance. However, it’s important to make your payments on time to avoid a past-due account status.
In addition to its cash-back rewards, the Capital One Spark 2% Cash Plus Credit Card offers a range of other benefits.
You can add employee cards at no extra cost and access Capital One’s business tools and resources.
Plus, the card has no foreign transaction fees, making it a great option for business owners who travel internationally.
3. Barclaycard Business Select Cash Back Card
Another best cash back credit card for business is the Barclaycard Business Select Cash Back Card.
When it comes to managing expenses, this cash back card is one of the best cash back credit cards for businesses out there.
Why Barclaycard Business Select Cash Back Card
First, with a 1% cash back offer, you’ll receive cash back on all purchases you make with the card. Plus, there’s no annual fee, and you can have unlimited additional cards for free.
Another great feature of the Barclaycard Business Select cash back card is the interest-free billing period of 56 days, giving you some breathing room to pay off your expenses.
Also, you can manage your business expenses and employee cards through the Barclays MyControls dashboard, which can save you time and money.
Moreover, with a representative APR of 21.9%, the card offers lower interest rates compared to some of its competitors on purchases after the intro APR period.
If you’re looking for free accounting software, the Barclaycard Business Select cash back card has got you covered.
FreshBooks is included with the card, which is worth £228 every year you’re a customer.
It’s important to note that while foreign transaction charges are low at 0.99%, cash advances and balance transfers come with a 3% fee (minimum £3), which may quickly add up.
Also, the representative APR of 21.9% may not be the lowest on the market.
The biggest advantage of the Barclaycard Business Select cash back card is that you don’t have to bank with Barclays to apply, making it an accessible option for many businesses.
4. American Express Blue Business Cash™ Card
One of the best cash back credit cards for business is the American Express Blue Business Cash Back Card.
Our Personal take on American Express Blue Business Cash Back Card
The Blue Business Cash™ Card from American Express is a great choice for business owners who want solid rewards without tracking spending categories. It has a simple earning structure, no annual fee, and several useful perks that can help your business.
Why Pick American Express Blue Business Cash Back Card?
First is the rewards. American Express Blue Business Cash Back Card offers you 2% cash back on all eligible purchases of up to $50,000 per calendar year, and then you will keep getting 1% cash back after that.
There’s also a welcome bonus of $250 statement credit after you spend $3,000 on the card in your first three months.
This means that by meeting the minimum spending requirement, you can earn $310 in cash back for your business.
The earning structure is straightforward, so you don’t have to worry about keeping track of spending categories.
There’s no annual fee, so you don’t have to worry about paying to use the card.
Beyond the rewards, there are several perks that can assist small business owners.
For example, you can spend beyond your credit limit through Expanded Buying Power, which can be useful if you have large business expenses.
Additionally, cardholders get extended warranty coverage and purchase protection, which can help protect your business purchases.
You can also add up to 99 employees to the card for free.
The card offers a 0% intro APR for up to 12 months on purchases from the date of account opening. After that, the regular APR ranges from 17.74% – 25.74% variable.
Also, there is a foreign transaction fee of 2.7%, so if you do a lot of international business, this may not be the best card for you.
Just keep in mind the foreign transaction fee if you frequently do business abroad.
5. NatWest/RBS Business Plus cash back card
NatWest/RBS Business Plus cash back card is another of the best cash back credit cards for business.
Our Personal take on NatWest/RBS Business Plus cash back
The NatWest/RBS Business Plus cash back card is a good option for businesses looking to earn cash-back rewards on their expenses. However, the high annual fees and lack of a reward program may be a drawback for some businesses.
Why NatWest/RBS Business Plus cash back.
The NatWest/RBS Business Plus cash back card offers cash-back rewards to its cardholders, making it an attractive option for businesses looking to earn rewards on their expenses.
The card offers a 0.5% cash-back on all purchases, up to a maximum of £400 per month.
Additionally, there is an opportunity to earn up to 2% cash-back with qualifying businesses, up to a maximum of £400 per year.
One of the key benefits of this card is that it comes with no foreign transaction fees and no cash transaction fees.
This means that businesses can use their card when travelling abroad or making cash withdrawals without incurring additional charges.
The representative APR for the NatWest/RBS Business Plus cash back card is 29.00%, which is higher than many other business credit cards on the market.
However, the purchase APR is much lower at 14.82%. Cash advances also have the same APR rate of 14.82%.
It’s important to note that only current account customers of NatWest or RBS can apply for this card.
Moreso, there is an annual fee of £70 for the first card and £70 for additional cards, which is quite high compared to other business credit cards.
The downside of this card is that it does not come with a reward program or bonus points.
However, the cash-back rewards can still be a valuable benefit for businesses that use the card frequently.
6. Jeeves business credit card
Another best cash back credit cards for business is Jeeves business credit card.
Cash-back business credit cards offer businesses an excellent way to manage their finances and save money through rewards and cash-back and Jeeves give the best cash back.
Our Personal take on Jeeves business credit card
The Jeeves business credit card stands out from other cards due to its numerous benefits, including cash-back on every transaction, limited fees, credit for new and high-growth businesses, and a spend management solution that simplifies accounting.
Why Pick the Jeeves business credit card
The Jeeves credit card offers cash-back on every transaction, making it cheaper to pay suppliers than arranging bank transfers.
It also offers up to 2% cash-back on all spend during the first 90 days and 1.5% cash-back on spend with special merchants such as Google, Amazon, and Meta, and up to 1% cash-back on all other spend thereafter.
The Jeeves credit card also comes with limited fees.
While other cash-back credit card providers have high-interest rates, transaction fees, annual account fees, and fees for extra physical and virtual cards, Jeeves does not charge for any of these services.
The company only charges a competitive foreign exchange fee, and cards can remain interest-free when paying the bill every 30 days (late payments may incur an additional fee).
Furthermore, Jeeves offers credit for new and high-growth businesses. With 6 months of credit history and statements or proof of external investments, Jeeves can offer eligible businesses credit within 48 hours.
Another advantage of Jeeves is it’s spend management solution, which simplifies accounting and makes tracking expenditure easy.
Businesses can roll off virtual credit cards for use with specific suppliers and log into the Jeeves dashboard to check their balances and track their spending.
7. Santander Select cash back card
Our number last on this list of the best cash back credit cards for businesses is Santander Select cash back card
Why choose Santander Select cash back card
With a 1% cash-back offer, Santander Select is a decent option for businesses that are already Santander customers.
The card offers an interest-free billing period of 56 days, and you can apply for up to four additional cards for your employees with no annual fee.
One of the standout features of the Santander Select cash back card is that it charges no foreign transaction fees, which make it a good choice for businesses that frequently travel abroad.
Moreso, the representative APR of 23.70% is lower than some of its competitors, making it a more affordable option.
However, there are some downsides to keep in mind.
The card is only available to Santander customers who have a 1|2|3 Business Current Account or Business Current Account with the bank.
Additionally, the card has no rewards program, so you won’t earn any additional benefits beyond the cash-back offer.
Another potential downside is that there are annual fees associated with the card. The first card comes with a fee of £30 per year, and additional cards also cost £30 each per year.
Cash advances also come with a higher APR of 27.90%.
The bottom line is the Santander Select cash back card is a good choice for businesses that are already Santander customers and want a card with no foreign transaction fees and a decent cash-back offer.
However, businesses that are not Santander customers may want to look elsewhere, and those looking for a rewards program may want to consider other options as well.
In conclusion, finding the best cash back credit cards for your business can help you save money and earn rewards at the same time.
So, whether you’re looking for a simple rewards program like the Blue Business Cash™ Card from American Express or a higher earning potential with the Capital One Spark 2% Cash Plus Credit Card, there is a card out there that can suit your needs.
With our top 7 pick, it’s important to consider your business’s unique needs, including your monthly expenses, travel habits, and desired rewards program before choosing the best cash back credit cards for your business.