Best Business Credit Cards of July 2023
Introduction
In today’s fast-paced business environment, a reliable and rewarding business credit card is essential. With so many options available, it can be challenging to determine which card best suits your organization’s needs. In this article, we have compiled a list of the top business credit cards for July 2023 to help you make an informed decision.
1. Platinum Business Card from American Express
The Platinum Business Card from American Express is the premier choice for businesses seeking a high-end card with premium rewards and travel benefits. The card comes with a hefty annual fee but makes up for it with its unmatched rewards program and luxury travel perks, such as access to airport lounges worldwide, complimentary hotel status upgrades, and no foreign transaction fees.
2. Chase Ink Business Preferred
Chase Ink Business Preferred is perfect for businesses that require extensive travel and diverse spending categories. The card offers a generous sign-up bonus and earns 3 points per dollar on travel, shipping, internet, cable, phone services, and advertising purchases made through social media sites and search engines. There are no foreign transaction fees, making it ideal for businesses operating globally.
3. Capital One Spark Cash for Business
For businesses seeking simplicity in their rewards program, the Capital One Spark Cash for Business card provides an appealing option with unlimited 2% cashback on all purchases. The card also offers a substantial sign-up bonus, does not charge any foreign transaction fees, and has a reasonable annual fee.
4. Bank of America Business Advantage Cash Rewards Mastercard
This business credit card is geared toward companies with considerable expenses in gas station purchases, office supply stores, and dining at restaurants. With its tiered cashback system (up to 3% cashback depending on the category), this card can help businesses expecting these types of expenditures generate valuable savings.
5. Wells Fargo Business Elite Card
The Wells Fargo Business Elite Card is designed for large businesses with annual sales exceeding $1 million. The card boasts a competitive rewards program, offering 1.5% cashback or 1 point per dollar spent on all purchases. With no annual fee or foreign transaction fees, it is an excellent option for those who prefer simplicity in their rewards structure.
Conclusion
Choosing the right business credit card depends on your organization’s specific spending patterns and requirements. Take into consideration factors such as reward options, annual fees, and unique features when determining the best choice for your business. Regardless of your choice, a business credit card can provide significant benefits in helping your organization grow and manage its finances effectively.