Top-Rated Business Cashback Credit Cards
Business cashback credit cards are designed to provide businesses with a way to earn cash rewards on their everyday expenses. By using these cards for routine purchases such as office supplies, travel, and utilities, businesses can earn a percentage of their spending back in the form of cashback.
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These cards often come with additional perks that can be highly beneficial for businesses. For instance, they may offer higher cashback rates for specific categories like travel or dining, which can be particularly advantageous for businesses that incur significant expenses in these areas. Additionally, many business cashback credit cards provide other benefits such as expense tracking tools, employee card options, and spending controls, which can aid in better financial management. Some cards also offer introductory bonuses, where a significant amount of cashback can be earned by meeting a spending threshold within the first few months. Annual fees for these cards can vary, but the rewards and benefits often outweigh the costs, making them a valuable tool for optimizing business expenditures.
American ExpressView AllAmerican Express - Global financial services company specializing in credit cards.
ChaseView AllChase - Chase: Major U.S. bank and financial services provider.
Capital OneView AllCapital One - Capital One is a major U.S. bank and financial institution.
Bank of AmericaView AllBank of America - Major U.S. bank offering financial services globally.
Wells FargoView AllWells Fargo - Major American financial services company and banking institution.
CitiView AllCiti - Global banking and financial services corporation.
U.S. BankView AllU.S. Bank - U.S. Bank: Major American financial services holding company.
DiscoverView AllDiscover - Discover: Financial services company, credit cards, loans, banking.
PNCView AllPNC - PNC: Financial services company offering banking and asset management.
HSBCView AllHSBC - Global banking and financial services organization.
Top-Rated Business Cashback Credit Cards
1.
American Express
American Express, often abbreviated as Amex, is a globally recognized financial services corporation founded in 1850. Known for its credit card, charge card, and traveler's cheque businesses, Amex is headquartered in New York City. The company is renowned for providing premium customer service and exclusive rewards programs. It caters to both individual consumers and businesses, offering various financial products and services designed to enhance spending power and financial management. Amex is also a prominent player in the travel and lifestyle sectors.
Pros
Wide acceptance- Excellent customer service
- Rewards programs
- Purchase protection
- Travel benefits
Cons
High annual fees- Limited merchant acceptance
- Requires good credit
- High interest rates
- Foreign transaction fees
2.
Chase
Chase, formally known as JPMorgan Chase & Co., is one of the largest and most prominent financial institutions in the world. Headquartered in New York City, it offers a comprehensive range of financial services including personal and business banking, credit cards, mortgages, and investment management. With a strong global presence, Chase is known for its robust digital banking solutions and extensive ATM network, providing convenient and innovative financial solutions to millions of customers worldwide.
Pros
- Wide range of services
- extensive ATM network
- strong customer service
- user-friendly app
- competitive rewards programs
Cons
- High fees
- strict requirements for fee waivers
- occasional account freezes
- slow transaction processing
- limited branch locations in some areas
3.
Capital One
Capital One Financial Corporation is a major American bank specializing in credit cards, auto loans, banking, and savings accounts. Founded in 1994 and headquartered in McLean, Virginia, it is one of the largest banks in the United States by assets. Known for its innovative use of technology, Capital One offers a range of financial services to consumers, small businesses, and commercial clients. The company emphasizes customer service and digital banking solutions, making financial services more accessible and user-friendly.
Pros
- Competitive interest rates
- user-friendly mobile app
- extensive credit card options
- 24/7 customer service
- no foreign transaction fees.
Cons
- Limited branch locations
- high fees on some accounts
- occasional account freezes
- mixed customer service reviews
- limited investment options.
4.
Bank of America
Bank of America is one of the largest and most prominent financial institutions in the United States, offering a wide range of banking, investment, and financial services to individuals, businesses, and governments. Headquartered in Charlotte, North Carolina, it serves millions of customers through a vast network of branches, ATMs, and digital platforms. The bank provides services such as checking and savings accounts, credit cards, mortgages, investment management, and wealth advisory, emphasizing technological innovation and customer service.
Pros
- Wide network
- diverse services
- digital banking
- strong security
- customer rewards.
Cons
- High fees
- complex terms
- customer service issues
- overdraft penalties
- limited international presence.
5.
Wells Fargo
Wells Fargo & Company is a leading American multinational financial services corporation headquartered in San Francisco, California. Established in 1852, it offers a diverse range of services including banking, investments, mortgage, and consumer and commercial finance. As one of the "Big Four" banks in the United States, Wells Fargo is known for its extensive network of branches and ATMs, serving millions of customers globally. The company emphasizes innovation and customer-centric solutions to meet diverse financial needs.
Pros
- Wide range of services
- extensive branch network
- innovative digital banking
- strong customer rewards
- competitive mortgage rates
Cons
- History of scandals
- high fees
- average customer service ratings
- slow loan processing
- limited international presence
6.
Citi
Citi, also known as Citigroup Inc., is a global financial services corporation headquartered in New York City. It offers a wide range of financial products and services, including consumer banking, investment banking, wealth management, and credit cards. Founded in 1812, Citi operates in over 160 countries and serves millions of customers worldwide. The company is known for its significant influence in global finance and its commitment to innovation and digital banking solutions.
Pros
- Wide range of services
- Global presence
- Competitive credit card rewards
- Strong online banking
- Diverse investment options.
Cons
- High fees
- Customer service issues
- Complex fee structures
- Limited branch access
- Stringent lending criteria.
7.
U.S. Bank
U.S. Bank, officially known as U.S. Bancorp, is a leading American financial services holding company headquartered in Minneapolis, Minnesota. Established in 1863, it operates through a network of over 3,000 branches and 4,800 ATMs nationwide. The bank offers a comprehensive range of services including consumer banking, corporate banking, mortgage, trust, and payment services. Renowned for its strong customer service and robust digital banking platform, U.S. Bank consistently ranks among the largest banks in the United States.
Pros
- Extensive branch network
- diverse financial products
- strong online banking
- reliable customer service
- competitive rates.
Cons
- Fees on some accounts
- limited international presence
- mixed reviews on mobile app
- occasional service outages
- strict credit requirements.
8.
Discover
Discover is a financial services company known primarily for its credit card services, offering cashback rewards and competitive interest rates. Founded in 1985, Discover also provides online banking, personal loans, student loans, and home equity loans. The company is distinguished by its strong customer service and innovative financial products. It operates the Discover Network, which includes millions of merchant and cash access locations. Discover aims to deliver straightforward, valuable financial solutions to its customers.
Pros
- No annual fee
- Cashback rewards
- Excellent customer service
- FICO score monitoring
- Wide acceptance within the U.S.
Cons
- Limited international acceptance
- High APR for some cards
- Few premium card options
- Limited travel benefits
- Cashback categories may be restrictive
9.
PNC
PNC Financial Services Group, Inc., commonly known as PNC, is a major American bank holding company and financial services corporation headquartered in Pittsburgh, Pennsylvania. Founded in 1845, PNC offers a wide range of services including retail banking, corporate banking, asset management, and mortgage services. It operates across more than 20 states and has a strong presence in the eastern United States. PNC is known for its customer-centric approach, technological innovation, and commitment to community development.
Pros
- Wide range of services
- extensive ATM network
- strong mobile app
- good customer service
- competitive rates.
Cons
- Fees can be high
- limited physical branches
- some account restrictions
- mixed customer reviews
- potential for hidden charges.
10.
HSBC
HSBC (Hongkong and Shanghai Banking Corporation) is a leading global bank headquartered in London, established in 1865. It operates in over 60 countries, offering a wide range of financial services including retail banking, wealth management, and commercial banking. Known for its international reach and strong presence in both emerging and developed markets, HSBC serves millions of customers worldwide, focusing on connecting them to opportunities and enabling businesses to thrive globally.
Pros
- Global presence
- Wide range of services
- Strong digital banking
- Comprehensive wealth management
- Competitive interest rates.
Cons
- High fees
- Customer service issues
- Complex fee structure
- Limited branch access in some regions
- Regulatory challenges.