When choosing the right in-store credit card for your small business, it’s important to find one that offers plenty of rewards on purchases you already make and allows you to spend those rewards in a way that works for you. Here is our list of the six best in-store credit cards for small businesses.
Pros:
No annual feeCompetitive rewardsManager controls
Cons:
In addition to the miles rewards, your Delta SkyMiles card comes with plenty of other travel perks, including: Delta Sky Club guest passes, no foreign transaction fees, concierge service, free credit for global entry or TSA PreCheck, and more. All the perks that come with this Delta card do come with a price tag. The card has an annual fee of $550, which is higher than most. You also can’t use your rewards on anything except travel, which means you lose out if you stop traveling. Don’t worry, though – rewards never expire, meaning you can always use them later.
Pros:
Earn rewards for flights, seat upgrades, and moreLarge welcome bonusNo limit or expiration on miles
Cons:
High annual feeHigh spending required to maximize rewardsRewards are limited to travel
There are also some downsides to the card. First, issued rewards expire on the last day of the month following the month in which they were issued. As a result, you have to use them quickly or lose them. Another downside to this card is the interest rate. Rates can go up to 29.99%, which is higher than many competitors.
Pros:
No-interest deferred financing plansExcellent rewardsFree next-day deliveryNo annual fee
Cons:
High-interest ratesIt can only be used at StaplesRewards expire quickly
One of the downsides of the Costco business card is that you can only redeem your rewards once per year, and the rewards are also tied to your Costco membership. And if you cancel your membership, you’ll not only have your card canceled, but you’ll lose the rewards you’ve accrued that year.
Pros:
No annual feeNo foreign transaction feesCompetitive rewardsRewards no matter where you shop
Cons:
Only available to existing Costco membersCashback redemption is only available once per yearCancelling Costco membership cancels the card and forfeits rewardsLimit on gas rewards
While the card comes with excellent rewards, they can only be redeemed for Lowe’s gift cards. As a result, this card is best for businesses that shop at Lowe’s frequently. Additionally, you must have at least 2,500 points to redeem.
Pros:
No annual fee0% introductory APRAccess to Lowe’s ProServices
Cons:
Foreign transaction feesRewards only redeemable for Lowe’s gift cardsRedemption starts at 2,500 points
To make sure we chose the best cards for most businesses, we looked at common business expenses to find cards that offered benefits on those expenses. Ultimately, we sought to find the best in-store credit card for a variety of different spending purposes, from online shopping to travel to office supplies. The most important question to ask yourself is: What do I spend money on now? Once you know that, you can find the card that offers the best perks for your current spending. Instead, you might also consider two of the other credit cards for small businesses, which aren’t limited to a single retailer:
Chase Ink Business Unlimited® Credit CardThe Business Platinum® Card from American Express
