Best Business Credit Cards for Shopify Store Owners in 2024: Best Credit Card Options for Shopify

Welcome to 2024, where the world of online business continues to thrive. As a store owner, having the right business credit card can make a significant difference in managing your expenses and maximizing benefits. In this article, we will explore the best business credit card options tailored specifically for Shopify store owners, highlighting the features, benefits, and perks that these cards offer.

Credit Card Options for Shopify Store Owners

Several factors must be considered when choosing the best credit card options for business owners. For Shopify sellers, a business credit card can provide a dedicated line of credit for business expenses, helping to separate personal and business finances.

Sellers should look for business credit cards that offer rewards points tailored to business purchases, flexibility in redeeming rewards, and a high credit limit to support business growth and expansion.

(Image by jcomp on Freepik)

Here are our top 5 Amazon Seller Credit Cards:

1. Chase Ink Business Cash Credit Card
2. American Express Blue Business Plus Credit Card
3. Capital One Spark Cash for Business Credit Card
4. Brex Cash Credit Card
5. Capital One Spark Classic for Business Credit Card

1. Chase Ink Business Cash Credit Card

Signup Link

Pros:

• 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, and phone services each account anniversary year
• 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
• 0% intro APR for 12 months on purchases, then 14.74% - 24.49% Variable
• No annual fee
• Employee cards at no additional cost
• Integrates with Shopify for easy expense tracking, making it suitable for various business operations.

Cons:

• Spending limits on cash-back categories
• Balance transfer fee: 5% of the amount transferred, $5 minimum

(Image by jcomp on Freepik)

2. American Express Blue Business Plus Credit Card

Signup Link

Pros:

• 2x points on all eligible purchases up to $50,000 per year, 1x point on other purchases
• 0.0% intro APR on purchases for 12 months, then 14.49% - 24.49% Variable
• No annual fee
• Amex Offers discounts and rewards at select merchants, making it suitable for various businesses.
• Integrates with Shopify for easy expense tracking

Cons:

• Points redemption can be complex
• Limited international acceptance

3. Capital One Spark Cash for Business Credit Card

Signup Link

Pros:

• Unlimited 2% cash back on all purchases, with no categories or spending limits
• One-time $500 cash bonus when you spend $4,500 within the first 3 months can be a key business advantage.
• 0.0% intro APR on purchases for 12 months, then 15.49% - 23.49% Variable
• No annual fee for the first year, then $95
• Integrates with Shopify for easy expense tracking

Cons:

• Higher APR after the intro period
• No international transaction fees, but a 3% foreign transaction fee on non-USD transactions

4. Brex Cash Credit Card

Signup Link

Pros:

• Earn 3 points per dollar on rideshare, 5x points on travel booked through Brex, and 4x points on dining, making it suitable for various business expenses.
• No foreign transaction fees
• Up to 50,000 points welcome offer (worth $500) after spending $1,000 in the first 3 months
• No annual fee
• Integrates with Shopify for easy expense tracking

Cons:

• Points redemption can be complex
• Limited acceptance compared to traditional credit cards

5. Capital One Spark Classic for Business Credit Card

Signup Link

Pros:

• 1% cash back on all purchases, with no categories or spending limits
• 0.0% intro APR on purchases for 12 months, then 15.49% - 23.49% Variable
• No annual fee
• Integrates with Shopify for easy expense tracking
• Reports to business credit bureaus to help build business credit

Cons:

• Lower cashback rate compared to other options
• No international transaction fees, but a 3% foreign transaction fee on non-USD transactions

Choosing the Best Business Credit Card

Key factors to consider when selecting a business credit card for your store include the rewards structure, annual fees, interest rates, and additional perks such as travel insurance or employee cards at no extra cost. By carefully evaluating these factors, business owners can choose a card that aligns with their spending habits and business needs to maximize rewards.

(Image by freepik)

Business owners can make the most of their credit cards by understanding the rewards program offered by the card issuer and strategically using the card for business purchases. Cashback and rewards points credit cards offer different benefits; while cashback provides a straightforward way to earn money back on purchases, rewards points can be accumulated for future redemptions such as travel or gift cards.

To maximize benefits, business owners should leverage promotional offers and bonus rewards in specific categories where their business spends the most and take advantage of perks like 4x points per dollar spent during certain months in the calendar year.

The Importance of Business Credit Cards for E-commerce

Business credit cards play a vital role in the success of e-commerce businesses, offering tools and benefits that are specifically tailored to online stores. For Shopify store owners, having a business credit card is essential for managing business expenses, tracking transactions, and building a credit history for the business.

Specific benefits that business credit cards offer for online stores include purchase protection, which covers business purchases against damage or theft, and the ability to manage cash flow effectively by setting individual spending limits for employees using employee cards at no additional cost.

By managing business expenses with a business credit card, store owners can easily track transactions, categorize business purchases, and benefit from features like a line of credit to support business growth while earning rewards on business spending.
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Maximizing Benefits with the Right Business Credit Card

Entrepreneurs looking to maximize benefits with their business credit cards should seek cards that offer perks and rewards tailored to their business needs. Cards like the American Express Business Gold Card or Chase Ink Business Preferred Card provide rewards points that can be redeemed for travel, gift cards, or statement credits, making them a solid choice for business owners.

Business owners can utilize purchase protection features offered by credit cards to safeguard business purchases against damage or theft, providing added security for online transactions. Additionally, strategies such as consolidating business purchases on one card and maximizing points and rewards through strategic spending can help in optimizing benefits.

Understanding the rewards program, keeping an eye on limited-time promotions, and redeeming rewards wisely can help business owners make the most of their business credit card benefits while effectively managing business expenses and cash flow.

Comparison of Top Business Credit Card Options

When comparing top business credit card options like the American Express Business Gold Card and Chase Ink Business cards, it's essential to weigh the distinguishing features and benefits that each card offers. The Amex Business Gold Card provides benefits like 4x points per dollar spent in categories where your business spends the most, making it ideal for maximizing rewards.

Chase Ink Business cards offer perks tailored to small business owners, including the ability to earn rewards points on business purchases and redeem rewards for travel or cash back. Understanding the differences between these cards can help Shopify store owners choose the best credit card for their online business.

For small business online store owners, credit cards like the Chase Ink Business Preferred Card or American Express Blue Business Plus card can provide valuable rewards, purchase protection, and benefits that support the growth and success of their online businesses. Click here if you are an Amazon seller and would like to find out which credit card is best for that platform.