Best 3% Cash Back Business Credit Cards in 2024 (2024)

FAQs

Best 3% Cash Back Business Credit Cards in 2024? ›

The Capital One SavorOne card is a perfect cash back credit card for those who spend a lot at restaurants, grocery stores (excluding superstores like Walmart® and Target®) and on entertainment. With its 3% cash back rate in those categories, it's a win for socialites that don't want to pay for an annual fee.

The Capital One SavorOne card is a perfect cash back credit card for those who spend a lot at restaurants, grocery stores (excluding superstores like Walmart® and Target®) and on entertainment. With its 3% cash back rate in those categories, it's a win for socialites that don't want to pay for an annual fee.

Chase Freedom Flex®*: Best 5% cash-back card. U.S. Bank Shopper Cash Rewards® Visa Signature® Card *: Best for those who spend the most at select retailers.

According to cardholder reports, Bank of America uses a 2/3/4 rule: You can only be approved for two new cards within a 30-day period, three cards within a 12-month period and four cards within a 24-month period.

Like Chase Freedom Flex®, Discover it® Cash Back (see rates and fees) earns 5% on rotating quarterly categories, such as gas stations, Target, Amazon, and Paypal, among others. If you already have the Citi Custom Cash® Card and Chase Freedom Flex, this cash back card can give you yet another place to earn 5% back.

If you are looking to maximize rewards, a 5% cash-back card can be a great asset. Oftentimes, they have standard interest rates and no annual fee. However, these rotating category cards aren't for everyone. Trying to optimize your usage can be a lot of work, and many people don't want the hassle.

Eligible cardholders get access to Capital One Entertainment and can earn 5X miles or 5% cash back on purchases. (SavorOne cardholders earn 8% cash back.) Cardholders also get access to a digital-first ticketing platform offering more than 500,000 unforgettable experiences across sports, music, dining and more.

By making a credit card payment 15 days before your payment due date—and again three days before—you're able to reduce your balances and show a lower credit utilization ratio before your billing cycle ends. That information is reported to the credit bureaus.

Making all your payments on time is the most important factor in credit scores. Second, by making multiple payments, you are likely paying more than the minimum due, which means your balances will decrease faster. Keeping your credit card balances low will result in a low utilization rate, which is good for your score.

Pay on time, in full, every single month

Many people see “minimum payment” on their bill and think that's the only amount that needs to be paid in order to avoid penalties. But the reality is, interest kicks in immediately for any unpaid balance. If you're just paying the minimum, you're losing.

What is the #1 credit card to have? ›

The best credit card overall is the Wells Fargo Active Cash® Card because it gives 2% cash rewards on purchases and has a $0 annual fee. For comparison purposes, the average cash rewards card in 2024 gives about 1% back. Cardholders can also earn an initial bonus of $200 cash rewards after spending $500...

So why do Buffett and Berkshire prefer American Express over much larger rivals Visa and Mastercard? It has to do with the fundamental makeup of the business.

The store that gives the most cash back at the register is Albertson's, where you can take out $100-$300 when you make a purchase with your debit card. The amount of cash back you can get varies by location.

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