Top The Best Small Business Credit Card Bonus Offers – For 2020

Here Are the Best Small Business Credit Card Bonus Offers – For 2020

Small-business credit cards occupy a niche between personal credit cards and corporate cards. They’re an option for owners of small and midsize enterprises that haven’t built enough of a business credit profile to qualify for corporate cards. You must operate a business to apply for one of these cards, although it doesn’t have to be incorporated. Even sole proprietorships can qualify.

The key thing to understand about small-business credit cards is that the account holder is personally responsible for the debt on the card and can be required to pay it in the event the business fails. This makes them different from corporate cards, where only the company is liable for the debt. The application will usually ask for information about the business — including its name, its legal structure, its tax ID number (which can be the owner’s Social Security number if it’s a sole proprietorship) and its annual revenue — as well as information about the individual guaranteeing the debt.

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Do you have small business income or work as an independent contractor? Uber/Lyft, Amazon, eBay, Etsy, Airbnb? You are eligible to open a small business credit card, which keeps your personal and business expenses separate. If you are not a corporation or LLC, you can apply as a sole proprietorship, with your name as the business name and your Social Security number as the Tax ID number. I did this for years successfully before incorporating my business.

Small business credit cards are offering strong perks and $500+ value for a single card during the first year to try out a new card. Below are the top 10 credit card offers that I would apply for (or have applied for already) as of February 2020. Recent changes:

• New 100k Marriott Bonvoy Business limited-time offer.
• New 75k United Explorer Business limited-time offer.
• Updated Capital One Spark for Business offer (no more 2k).
• Updated Alaska Air card offer.

This is a companion post to my Top 10 Best Credit Card Bonus Offers for personal cards. Notice that small business bonuses are on average even higher than those on consumer cards.

Note: Certain Chase cards have a “5/24 rule” which is an unofficial rule that they will automatically deny approval on new credit cards if you have 5 or more new credit cards on your credit report within the past 2 years. This rule applies on a per-person basis, so if you are new, you might want to start with those Chase cards.

Chase Ink Business Preferred Card

• 80,000 Ultimate Rewards points (worth $1,000 towards travel!) after $5,000 in purchases in the first 3 months. See link for details.
• 3X points on the first $150,000 spent on travel, shipping purchases, internet/cable/phone services, and advertising purchases with social media sites and search engines.
• Primary rental car coverage when renting for business purposes.
• $95 annual fee.
• Subject to 5/24 rule.

United Explorer Business Card

• 75,000 United miles after $5,000 in purchases in the first 3 months. See link for details.
• Free first checked bag for both you and a companion (a savings of up to $120 per round trip).
• Expanded award availability. Having this card makes it easier to redeem for that saver award economy ticket.
• Primary rental car coverage when renting for business purposes.
• $0 annual fee for the first year, then $95.
• Subject to 5/24 rule.

Chase Ink Business Unlimited Card

• $500 bonus cash back after $3,000 in purchases in the first 3 months. See link for details.
• Flat 1.5% cash back on all purchases with no limit.
• No annual fee.
• Subject to 5/24 rule.

Chase Ink Business Cash Card

• $500 bonus cash back after $3,000 in purchases in the first 3 months. See link for details.
• 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV service search account anniversary year.
• No annual fee.
• Subject to 5/24 rule.

Marriott Bonvoy Business American Express Card

• 100,000 bonus points after $5,000 in purchases in the first 3 months. See link for details.
• Points can be used towards Marriott (and former Starwood) hotel stays, or converted to select airlines miles.
• Annual fee is $125 (if applied for the card before 3/27/2020, the annual fee for the first year is waived, then $95). Free night award upon card anniversary (worth up to 35,000 Bonvoy points).

Capital One Spark Cash for Business Card

• $500 cash bonus after $4,500 in purchases in the first 3 months. See link for details.
• Flat 2% cash back on all purchases with no limit.
• $0 annual fee for the first year, then $95.

Capital One Spark Miles for Business Card

• 50,000 bonus miles after $4,500 in purchases in the first 3 months. 50,000 miles is redeemable for $500 towards travel. See link for details.
• Flat 2X miles per dollar on all purchases with no limit.
• $0 annual fee for the first year, then $95.

Southwest Rapid Rewards Premier Business Card

• 60,000 Rapid Rewards points (redeemable for $900+ in Wanna Getaway airfare) after $3,000 in purchases in the first 3 months. See link for details.
• $99 annual fee.
• Combine with the Southwest Rapid Rewards Premier Consumer Card to earn the Southwest Companion Pass.
• Subject to 5/24 rule.

American Express Plum Card

• $600 cash back. Earn a $200 statement credit after each $10,000 you spend in purchases, up to $30,000, within the first 3 months. See link for details.
• 1.5% early pay discount on all purchases which stacks on top of the bonus above.
• $0 annual fee for the first year, then $250.

CitiBusiness® / AAdvantage® Platinum Select® World Mastercard

• 70,000 American Airlines miles after $4,000 in purchases in the first 4 months. See link for details.
• First checked bag free on domestic flights perk ($60 value per round trip, per person).
• $0 annual fee for the first year, then $99.

Hawaiian Airlines Business Mastercard (Barclaycard)

• 50,000 Hawaiian miles after $1,000 in purchases with the first 90 days. See link for details.
• One-time 50% off companion discount for round trip coach travel between Hawaii and the Mainland on Hawaiian Airlines.
• $99 annual fee.

Alaska Airlines Visa Business Card (Bank of America)

• 30,000 Alaska miles + BOGO Companion Fare Voucher after $1,000 in purchase within 90 days. See link for details.
• Companion fare voucher is “Buy one ticket, get one for just taxes and fees” ($0 fare plus taxes and fees from just $22).
• Free checked bag on Alaska flights for you and up to six other passengers on the same reservation.
• $50 annual fee for company, plus $25 per card.