5 Killer Rewards Card Offers to Maximize Business Spending

AwardWallet receives compensation from advertising partners for links on the blog. The opinions expressed here are our own and have not been reviewed, provided, or approved by any bank advertiser. Here's our complete list of Advertisers.

In the past few months, we've seen an unprecedented number of small-business cards offering huge bonuses. Some of these cards come with steep spending requirements, making them practical only for businesses with a high volume of monthly expenses, but there are also several great options for businesses with modest spending.

With application restrictions tightening on personal rewards cards, adding business cards into the mix is an excellent way of expanding your rewards earning potential. Plus, the majority of business cards don’t get added to your personal credit report—meaning they won't have any impact on your eligibility for other cards when it comes to rules like Chase’s 5/24 policy. (The Capital One business cards are a notable exception; these will count towards 5/24)

Today, we’re reviewing five top-tier business offers that can add hundreds of thousands of miles to your account. For each card, we’ll cover the welcome bonus, key benefits, and how much monthly spending you’ll need to maximize the current offer.

Earn up to 300k Miles From a Single Card Application

The first offers are the incredible deals on the Capital One business cards. The current bonuses of 200K miles or $2,000 cashback are an all-time high—matching a limited-time offer we saw around this time last year. Unless you plan on applying for multiple new cards, this is an unbeatable return on everyday business expenses.

Capital One® Spark® Miles for Business
Capital One® Spark® Miles for Business
Annual Fee$0 intro for first year; $95 after that
Welcome Offer Limited Time Offer: Earn up to 200,000 bonus miles worth up to $2,000 to spend on travel—flights, hotels and more. Earn 50,000 bonus miles when you spend $5,000 in the first 3 months and earn 150,000 bonus miles when you spend $50,000 in the first 6 months of your account opening
The Capital One® Spark® Miles for Business is one of just a handful of business rewards cards offering at least a 2% return on business expenses (issued as 2x Miles), plus you'll earn 5X miles on hotel and rental car bookings through Capital One Travel℠. Your rewards never expire as long as your account is open and in good standing.
  • Limited Time Offer: Earn up to 200,000 bonus miles worth up to $2,000 to spend on travel—flights, hotels and more. Earn 50,000 bonus miles when you spend $5,000 in the first 3 months and earn 150,000 bonus miles when you spend $50,000 in the first 6 months of your account opening; worth $2,000 in travel if redeemed for a fixed-value, or potentially much more when transferred to airline partners
  • 2 Miles per $1 on every purchase, everywhere
  • 5 Miles on hotel and rental car bookings through Capital One Travel℠
  • Fee credit for Global Entry or TSA Pre✔® (up to $100)
  • No foreign transaction fees
  • $0 intro for first year; $95 after that
  • 2 Miles per $1 on every purchase, everywhere.
  • 5 Miles on hotel and rental car bookings through Capital One Travel℠

Capital One® Spark® Cash for Business
Capital One® Spark® Cash for Business
Annual Fee$0 intro for first year; $95 after that
Welcome Offer Limited Time Offer: Earn up to $2,000 in cash bonuses. Earn a $500 cash bonus when you spend $5,000 in the first 3 months and earn $1,500 when you spend $50,000 in the first 6 months of your account opening
The Capital One® Spark® Cash for Business provides a strong return on business expenses of 2% on every $1 spent. Unlike many other cash back business cards, here is no cap on the cash back you can earn, plus the card offers a standout initial welcome offer of up to $2,000 cash back.
  • Limited Time Offer: Earn up to $2,000 in cash bonuses. Earn a $500 cash bonus when you spend $5,000 in the first 3 months and earn $1,500 when you spend $50,000 in the first 6 months of your account opening
  • 2% cash back for your business on every purchase, everywhere
  • No foreign transaction fees
  • $0 intro for first year; $95 after that
  • 2 % Cash Back for your business on every purchase, everywhere.

To secure the full welcome bonus, your business will need to reach $50,000 in spending over the first six months. If you can reach that benchmark, this signup bonus will leave you with a monster return of 300,000 miles or $3,000 cashback. (Each dollar spent earns two miles or 2% cashback, so you need to multiply the spending requirement of $50,000 by two and add that to the bonus to find the total return.)

  • Monthly spend required to receive the welcome bonus in full: $8,333 per month for 6 months.
  • Capital One® Spark® Miles for Business Annual fee: $0 intro for first year; $95 after that
  • Capital One® Spark® Cash for Business Annual fee: $0 intro for first year; $95 after that

Remember, in addition to redeeming Capital One miles at a fixed-value of 1¢ per mile towards travel expenses, you can now transfer Capital One miles to 15 airline partners. For all partners except Singapore, Emirates, and Jetblue (which have a 2:1 transfer ratio), 2,000 Capital One miles will yield 1,500 airline miles. The 300,000 Capital One miles earned with this offer could potentially convert to 225,000 airline miles with the majority of Capital One transfer partners.

If the minimum spend on the Capital One cards is out of reach when relying on traditional business expenses, keep in mind that Plastiq recently reactivated Capital One business cards. That means you can potentially utilize Plastiq to pay bills you couldn’t otherwise pay with a credit card to meet the higher minimum spending requirement.

This is only the second time we’ve seen these bonuses this high, so if you can make the minimum spend, we recommend jumping on these offers while they are still available.

Earn up to 100,000 United Miles

In early November, Chase launched a limited-time offer on the United℠ Explorer Business Card of up to up to 100,000 bonus miles after you meet a two-tiered minimum spend.

United℠ Explorer Business Card
United℠ Explorer Business Card
Annual Fee$95
Welcome Bonus For small business owners: Earn up to 100,000 bonus miles after qualifying purchases. Earn 50,000 bonus miles after you spend $5,000 on purchases in the first 3 months your account is open. Plus, 50,000 bonus miles after you spend $25,000 total on purchases in the first 6 months your account is open.
  • Earn up to 100,000 miles after qualifying purchases.
  • Earn 50,000 bonus miles after you spend $5,000 on purchases in the first 3 months your account is open
  • Plus, 50,000 bonus miles after you spend $25,000 total on purchases in the first 6 months your account is open
  • Earn 2 miles per $1 at restaurants, gas stations and office supply stores.
  • Earn 2 miles per $1 spent on United purchases. And 1 mile per $1 spent on all other purchases.
  • Free checked bag - save up to $120 per roundtrip (terms apply)
  • Two one-time United Club℠ passes each year - Over $100 in value per year
  • Employee cards at no additional cost - miles earned from their purchases accrue in your account. Plus, you can set individual spending limits for each card.
  • 2X miles per $1 on United purchases
  • 2X miles per $1 at restaurants, gas stations and office supply stores
  • 1X mile per $1 on all other purchases

This offer is perfect if you have modest but consistent business expenses going out each month, as you have a full six months to hit the second spending tier. While we wouldn’t consider 100K United miles to hold the same value as 100K Membership Rewards or 200K Capital One miles, this is still a massive bonus that could fly you almost anywhere on earth in comfort and style.

  • Monthly spend required to receive the welcome bonus in full: $4,167 per month for 6 months.
  • Annual fee: $95

The card comes with a great lineup of benefits that can easily justify the $95 cost—even if you only fly with United a few times per year. You can find all the details in our full review of the United Business Card.

Earn 80,000 Ultimate Rewards points with Modest Spending

The crown jewel of Chase’s business card lineup, the Ink Business Preferred℠ Credit Card, provides what we think is the best signup bonus available when you factor in the comparatively small minimum spend. To earn the 80,000 signup bonus, you need to spend just $5,000 in the first three months you hold the card.

Ink Business Preferred℠ Credit Card
Ink Business Preferred℠ Credit Card
Annual Fee$95
Welcome Offer Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
The most valuable Ultimate Rewards signup bonus on offer and our top pick for small business rewards cards. Business owners earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. Plus, earn up to 450,000 points per year on a wide range of 3X bonus categories.
  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases - with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more - your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee
  • 3X points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year
  • 1X point per $1 on all other purchases

When compared to the mammoth $50K minimum spend on the Capital One cards, the Ink Preferred signup bonus requires just a fraction of the monthly business expenditure.

  • Monthly spend required to receive the welcome bonus in full: $1,667 per month for 3 months.
  • Annual fee: $95

Compared with the Spark cards, this offer is inferior for business owners whose expenses that don't fall under a bonus category. If you spent the same $50K as the needed for the Capital One cards on non-bonus spending on the Ink Preferred, you’ll wind up with 130,000 UR points including the signup bonus.

But if your business spends heavily in one of the Ink Preferred‘s 3X bonus categories, your overall earnings catch up quickly with other offers listed in this post. For example, if $30K of the initial $50K were spent on online advertising, you would earn 110K points from spending:

  • 3 x $30,000 = 90,000 points
  • 1 x $20,000 = 20,000 points

After accounting for the 80,000 point welcome bonus, you'd end up with 190K Ultimate Rewards points, which would put this offer in close contention with 300K Capital One Miles earned from the same $50K in spending on the Spark Miles card.

If you qualify for the Ink Preferred, we highly recommend adding it to your wallet. This card offers a high return on business expenses, class-leading travel and purchase protection benefits, and comes with a killer signup bonus of 80,000 Ultimate Rewards points.

Earn 70,000 Southwest Rapid Rewards Points

The Southwest Rapid Rewards® Performance Business Credit Card is probably the weakest of the offers we've covered in this post. The current bonus of 70,000 points is slightly lower than the recent offer of 80,000 points, despite the same spending requirement of $5,000 on purchases in the first 3 months. However, the Southwest Performance Business Card is a great option to boost your Rapid Rewards balance if you fly mostly domestic itineraries or you already have the Ink Preferred.

Southwest Rapid Rewards® Performance Business Credit Card
Southwest Rapid Rewards® Performance Business Credit Card
Annual Fee$199
Welcome Bonus Earn 70,000 points after you spend $5,000 on purchases in the first 3 months your account is open.
The latest card to join the Southwest lineup of rewards cards, the Southwest Performance Business Card offers the highest Rapid Rewards signup bonus, earns more points than it's Southwest counterparts, receives a massive 9,000 point anniversary bonus, plus offers plenty of perks and benefits for Southwest fans. One of the best co-brand business cards on the market.
  • Earn 70,000 points after you spend $5,000 on purchases in the first 3 months your account is open.
  • 9,000 bonus points after your Cardmember anniversary.
  • 3 points per $1 spent on Southwest Airlines® purchases.
  • 2 points per $1 spent on social media and search engine advertising, Internet, cable and phone services and 1 point per $1 spent on all other purchases.
  • 4 Upgraded Boardings per year when available
  • Inflight WiFi Credits
  • Global Entry or TSA Pre✔® Fee Credit
  • Employee cards at no additional cost, earn points on employee spending.
  • 3X points per $1 spent on Southwest® purchases
  • 2X points per $1 spent on social media and search engine advertising, Internet, cable and phone services
  • 1X point per $1 spent on all other purchases

The card also offers 9,000-anniversary points each year plus an annual $75 Southwest Credit, which helps to offset the out-of-pocket expense of holding the card each year.

  • Monthly spend required to receive the welcome bonus in full: $1,667 per month for 3 months.
  • Annual fee: $199

Keep in mind that all three Chase cards mentioned above are subject to Chase’s 5/24 policy, although they won’t count towards your 5/24 personal total as they are business cards. The Capital One cards, on the other hand, will count towards your 5/24 count as Capital One pulls from all three major credit bureaus and reports approved business cards to your personal credit report.

Final Thoughts

Business credit cards provide access to valuable credit lines without the barriers to entry of traditional finance options like business loans, which often require substantial amounts of cash flow and documentation to get them over the line.

With nearly half a million points and miles on offer, you'll be hard-pressed to find a better time to choose your next small business card! If you can make the minimum spend, the Capital One cards are our top pick. But, if you think there is any possibility that you’ll fall short of meeting the full $50K, you would be much better off applying for the Ink Preferred.

5 Killer Rewards Card Offers to Maximize Business Spending
5 (100%) 5 votes
AwardWallet Tip of The Day
Did you know that you can track loyalty accounts and travel plans for your entire family with one AwardWallet account? Simply add your family members and then add their programs to AwardWallet.
Show me how

The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

**You may receive 5 bonus AAdvantage miles for leaving a comment (Details/FAQ)