Best Business Credit Cards for Shopify Store Owners in 2024: Best Credit Card Options for Shopify
Table of Contents
- Credit Card Options for Shopify Store Owners
- 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
- Choosing the Best Business Credit Card
- The Importance of Business Credit Cards for E-commerce
- Maximizing Benefits with the Right Business Credit Card
- Comparison of Top Business Credit Card Options
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:
- Chase Ink Business Cash Credit Card
- American Express Blue Business Plus Credit Card
- Capital One Spark Cash for Business Credit Card
- Brex Cash Credit Card
- Capital One Spark Classic for Business Credit Card
1. Chase Ink Business Cash Credit Card
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
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
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
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
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.
Want to learn more about maximizing your Shopify experience through dropshipping? Click here.
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.
Frequently Asked Questions
What are the best credit cards for Shopify ecommerce businesses?
Selecting the best credit cards for your Shopify store can significantly boost your points and rewards, leading to greater savings. The top choices often include the American Express® Business Gold Card, Capital One Spark Cash, and other cards tailored for online sales and e-commerce. Each offers unique rewards and benefits specifically designed for business owners.
Why should I get a business credit card for my Shopify store?
By choosing the best credit cards for Shopify, you can maximize your rewards on combined purchases, earn points for office supplies, and enjoy flexible payment terms. These cards are designed for business owners to get the most out of their spending.
How do foreign transaction fees affect my credit card choice?
Foreign transaction fees can add up, especially if your Shopify store has international sales. Opting for a business credit card that doesn’t charge these fees, like the business gold card, can be beneficial for online businesses operating globally and earning points and rewards.
What are the benefits of the American Express® business gold card for Shopify sellers?
The American Express® Business Gold Card offers 3x points on purchases in select categories where your business spends the most, fitting perfectly for high-spending e-commerce operations. Plus, it comes with rewards and benefits specifically geared towards business growth.
How can I maximize rewards with my business credit card?
Choose a rewards card that gives you the best benefits for your spending habits. Cards offering cash back, 3x points on certain purchases, and no foreign transaction fees are great fits for ecommerce. It’s essential to review your billing cycle and take advantage of any bonus points on the first portion of your spending to maximize credit card rewards.
Is the Capital One Spark Cash card a solid choice for Shopify businesses?
Absolutely. The Capital One Spark Cash card offers straightforward cash back on all purchases, making it a great fit for the predictable and high-volume spending often seen in e-commerce businesses.
What are some suitable business credit cards for office supplies and online sales?
For Shopify sellers who frequently purchase office supplies and handle high online sales, business gold cards and other credit cards tailored for e-commerce are ideal. These cards often provide extra points and cash-back incentives on relevant purchase categories.
How does the APR on purchases impact my business finances?
The APR on purchases can affect your overall business expenses, so it’s important to consider cards that offer low or introductory APR rates. Cards like the American Express® Business Gold Card often provide flexibility in payment terms, which can be crucial for managing e-commerce finances.
What is the best rewards card for Shopify entrepreneurs to use to travel through the Chase network?
For those who travel frequently, the Chase Ink Business Preferred® Credit Card is a standout choice. It offers substantial points on travel and combined purchases, making it one of the best rewards cards for entrepreneurs within the world of e-commerce, allowing you to earn points and redeem them for travel rewards.
About the Author
Michael Litwack
CEO and Cofounder of Taxomate
