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If you start a small business — even if you’re the only employee — getting a small business credit card can be a smart idea. Using a dedicated credit card can help you keep your business expenses separate from your personal expenses, which can help keep you organized and can be a great asset around tax time.

Plus, a business credit card can help you manage cash flow, which (as many business owners can tell you) can be inconsistent in the early days. For example, if you receive a big order and need to buy supplies to fill it, a business credit card can help bridge the gap until you get paid.

Last but not least, a business credit card can help you earn rewards on purchases you would have made anyway. Many of the top business credit cards have perks and features specifically designed to make your business run smoother and maximize the value of your spending. Here are three that are especially good choices for new businesses in 2024.

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1. If you need to purchase supplies often

One of the best cards in the market if you regularly have to purchase supplies for products you’ll get paid later for is the Amazon Business Prime American Express Card.

This no annual fee card, as you may expect, gives its best rewards on Amazon purchases (including Amazon Business and Amazon Web Services). But Amazon Prime members get a choice between 5% back in rewards on the first $120,000 in purchases each calendar year or no-interest financing for 90 days. The latter can be a great tool to help manage cash flow and avoid interest expenses at the same time. There is also a 2% rewards rate on U.S. restaurants, U.S. gas stations, and on wireless telephone services purchased directly from U.S. service providers.

2. If you travel frequently for your business

If your business requires you to travel (specifically by plane), the Capital One Venture X Business Credit Card (see rates and fees) could be a great fit for you. It comes with a relatively high $395 annual fee, but it can more than justify the cost for someone who uses its benefits. Just to name the major perks:

  • 10X miles per $1 on hotels and rental cars booked through Capital One Travel, and 5 miles per $1 on flights booked through Capital One Travel.
  • 2 miles per $1 on other purchases.
  • $300 annual travel credit (can be used toward flights).
  • Free Global Entry or TSA PreCheck membership.
  • Priority Pass airport lounge membership (and access to Capital One’s lounges).

What’s more, there’s a welcome offer of as much as 150,000 miles miles after spending $30,000 in the first 3 months, which is worth at least $1,500 toward travel.

3. If you want to earn rewards for business expenses

If your primary goal with a small business card is to be rewarded for your everyday business expenses, the Ink Business Cash® Credit Card could be a great fit for you. The card has no annual fee, and one of the most generous welcome bonuses you’ll find without committing to a high-fee card.

The biggest perk of this card is its rewards. The Ink Business Cash® Credit Card offers 5% cash back on as much as $25,000 in purchases at office supply stores, on internet, cable, and phone services. There’s also a 2% cash back rate at gas stations and restaurants, with the same $25,000 annual cap.

Which is best for you?

These are just a few of the excellent credit cards available for new businesses, and the right choice for you depends on the nature of the business and your financial needs. It’s also worth noting that even a one-person business or self-employed individual can get a business credit card, and it could be a smart financial tool for you. 

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