Editor’s note: This is a recurring post with regularly updated card details.
Corporate cards are either charge or prepaid cards with functionalities designed for medium or large companies with high revenues and hundreds of employees—though some cards on this list may also be good for small businesses. Since most corporations have different financial needs than smaller operations, the best corporate cards offer features and perks like high credit limits, robust spending controls, streamlined reporting tools, unique billing structures, and lucrative rewards.
Here are the seven best corporate credit cards for 2024:
- Ramp: Overall best corporate credit card with straightforward rewards program
- Brex Card: Best for paid daily or paid monthly options
- U.S. Bank Commercial Rewards Card: Best for cost-savings and earning rebates
- American Express® Corporate Gold Card: Best for frequent travel expenses
- Coast Fuel Card: Best for frequent fuel expenses
- Emburse Spend Card: Best prepaid card with unlimited cash back
- BILL Divvy Card: Best for high rewards rate and three payment frequencies
Best Corporate Credit Cards At a Glance
Best For | Annual Fee | Key Features | ||
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Ramp | Overall best corporate credit card with straightforward rewards program | $0 |
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Brex Card | Paid daily or paid monthly options | $0 |
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U.S. Bank Commercial Rewards Card | Cost-savings and earning rebates | $0 |
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American Express® Corporate Gold Card | Frequent travel expenses | $250 |
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Coast Fuel Card | Frequent fuel expenses | $0; only $4 per active card, per month |
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Emburse Spend Card | Prepaid card with unlimited cash back | $0 |
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BILL Divvy Card | High rewards rate and three payment frequencies | $0 |
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Ramp: Overall Best Corporate Card With Straightforward Rewards Program
- Unlimited 1.5% cash back on purchases, regardless of spending categories
Pros
- Offers rewards for new and existing cardholders
- Does not charge additional fees
- Offers direct integrations to notable accounting tasks
Cons
- Requires paying balances in full each month
- Ramp is not available to sole proprietors and unincorporated businesses
- Travel and emergency assistance services: Call the Benefit Administrator at (800) 397-9010 if you are in the United States or (303) 967-1093 if you are outside of the US if you need emergency assistance.
- Purchase security: Receive a maximum of $10,000 per claim and $50,000 per cardholder in cases of theft or damage to purchases made with your card.
- Auto rental collision damage waiver: When using this card for renting a car, you can be reimbursed for damages caused by theft or collision up to the Actual Cash Value of most rented cars. Note that rental periods of 31 consecutive days are covered.
- Extended warranty protection: Extend warranties for eligible purchases made with your covered account and/or rewards programs associated with your account.
- Unlimited 1.5% cash back on purchases, regardless of spending categories
Pros
- Offers rewards for new and existing cardholders
- Does not charge additional fees
- Offers direct integrations to notable accounting tasks
Cons
- Requires paying balances in full each month
- Ramp is not available to sole proprietors and unincorporated businesses
- Travel and emergency assistance services: Call the Benefit Administrator at (800) 397-9010 if you are in the United States or (303) 967-1093 if you are outside of the US if you need emergency assistance.
- Purchase security: Receive a maximum of $10,000 per claim and $50,000 per cardholder in cases of theft or damage to purchases made with your card.
- Auto rental collision damage waiver: When using this card for renting a car, you can be reimbursed for damages caused by theft or collision up to the Actual Cash Value of most rented cars. Note that rental periods of 31 consecutive days are covered.
- Extended warranty protection: Extend warranties for eligible purchases made with your covered account and/or rewards programs associated with your account.
Recommended for: Companies that use Ramp as their primary expense management system.
Why we like it: It is our best overall corporate credit card because it lets you save money on your business expenses. You can earn 1.5% cash back on purchases, and it does not charge annual, setup, or replacement fees. What’s more, it offers advanced financial management tools with its seamless platform that integrates directly with a variety of accounting systems, including QuickBooks, NetSuite, Xero, and Sage Intacct.
Other benefits:
- Unlimited corporate cards: You can get unlimited virtual and physical cards at no additional costs.
- Robust controls: With Ramp’s seamless platform, you can set spending controls on every card, block certain merchants, and monitor expenses in real time.
- Higher credit limits: Ramp checks your business’s potential at every angle—you could get up to 10 to 20 times higher credit limits compared to most other corporate or business credit cards.
It is also one of our leading business credit cards for bad credit because the issuer does not perform a personal credit check.
Brex Card: Best for Paid Daily or Paid Monthly Options
Brex CardBEST FOR: Those who want daily or monthly payments | |
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Recommended for: Startups or new companies looking for a card that scales with their growth.
Why we like it: The card comes with no annual fee and can be used either as a prepaid card or a charge card because you can choose to pay your bills daily or monthly. If you choose to pay monthly, your transactions will be directly deducted from your Brex Business Account balance, and you will have access to 100% of your balance. If you choose to pay monthly, your credit limit is equal to 30% of your Brex Business Account balance or up to 20% of your other bank’s cash balance.
Other benefits:
- Lucrative rewards: You can earn reward points on your purchases as follows:
Paid Daily | Paid Monthly |
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- Built-in expense management system: This feature allows you to embed company policies, access automated expense reports, and AI-driven insights, and manage global spending in real time.
- Automated compliance: The Brex platform collects itemized receipts compliant with IRS or local tax laws automatically.
This card is also one of our best business cards for new businesses with no credit history because you can qualify for the card even as a startup.
U.S. Bank Commercial Rewards Card: Best for Cost-savings & Earning Rebates
U.S. Bank Commercial Rewards Card | |
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Recommended for: Businesses with $10 to $150 million in annual revenue.
Why we like it: This is ideal for those looking for an all-in-one commercial card solution that provides cost savings. It doesn’t charge annual or platform fees, and you can save money on your expenses through rebates that require lower spend thresholds than most other traditional commercial cards. However, the rebate rates are undisclosed.
Other benefits:
- Scales with your business: This corporate card is designed specifically for middle-market businesses with $10 to $150 million in annual revenue and is built to scale with your company’s changing needs as it grows.
- Single, intuitive platform: You can access its expense and travel management platform powered by TravelBank, allowing your company to better manage cash flow and streamline your business’s expense procedures.
- Seamless accounting integration: It integrates with accounting platforms and provides built-in policies and card controls that can be customized to fit your business’s unique needs.
- Integrated policies: You can customize card controls and built-in policies for expense and travel to fit your business needs.
- Free to use: The card, including its card management and basic expense and travel platform, is free—no need to pay for annual or platform fees.
American Express® Corporate Gold Card: Best for Frequent Travel Expenses
American Express® Corporate Gold Card | |
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Recommended for: Companies that require executives or employees to travel frequently
Why we like it: It lets you earn 5% Uber Cash on eligible rides with Uber and orders with Uber Eats and Membership Rewards® points on other business expenses. You can also enjoy travel perks, like a $100 airline fee credit, a $100 LoungeBuddy credit, and either a $100 statement credit for Global Entry or $85 for TSA PreCheck®.
Other benefits:
- Hilton HonorsTM Silver status: As a Silver member, you’ll enjoy premium perks and rewards, such as up to 10 Base Points per $1 spent, plus a 20% bonus on all Base Points earned.
- Corporate rewards earning options: You can either:
- allow your employees to enroll in the Individual Membership Rewards® Program so that they can use the rewards they earned; or
- enroll the corporate card into the Corporate Membership Rewards® Program to pool rewards for business use.
- Online and mobile app account access: You can access your account online to monitor transactions and set limits.
- Concur® Expense: You can access Program Optimization reports for more in-depth expense reporting, allowing you to spot spending trends and saving opportunities. To be eligible, you need to meet certain conditions—your company must have:
- 10 or more employees
- Spent at least $250,000 in the last 60 days during the quarterly reporting period
Coast Fuel Card: Best for Frequent Fuel Expenses
Coast Fuel Card
BEST FOR:
Businesses with small to large fleets
- Up to 6 cents off per gallon at 5,000 gas stations and 2 cents off per gallon everywhere else
- 1% back on non-fuel purchases
Pros
- Universally accepted fleet card
- 1% cash back on nonfuel purchases
- Doesn’t require personal guarantee
Cons
- Charges monthly fees to active users
- Balance is due in full each month
- Doesn’t support cash withdrawals
- Customizable controls
- Spend reports
- Exclusive discounts from large partner networks
- Integrations with Quickbooks, Fleetio, Samsara, Geotab, Verizon Connect, Azuga, and more
- Up to 6 cents off per gallon at 5,000 gas stations and 2 cents off per gallon everywhere else
- 1% back on non-fuel purchases
Pros
- Universally accepted fleet card
- 1% cash back on nonfuel purchases
- Doesn’t require personal guarantee
Cons
- Charges monthly fees to active users
- Balance is due in full each month
- Doesn’t support cash withdrawals
- Customizable controls
- Spend reports
- Exclusive discounts from large partner networks
- Integrations with Quickbooks, Fleetio, Samsara, Geotab, Verizon Connect, Azuga, and more
Recommended for: Companies with small to large fleets that fuel up at any gas station
Why we like it: This is a corporate charge card that offers 2 cents off per gallon anywhere you purchase gas and earn 1% cash back on all other purchases at merchants other than gas stations. It comes with an easy-to-use and seamless platform that allows you to onboard new users and vehicles, order new cards, and set spending controls and restrictions. Note that while it has no annual fee, you need to pay $4 per active card per month.
Other Benefits:
- No personal guarantee: You won’t be held personally liable for your company’s debts.
- No extra fees: Aside from the $4 monthly fee per active user, Coast does not charge other fees, such as:
- Per-gallon administration fee
- Electronic payments fee
- Reporting fee
- Portal access fee
- Inactive card fee
- Phone payment fee
- Per-transaction fees in the United States
- Fuel fraud guarantee: Get up to $25,000 annual coverage against fuel card fraud.
- Intuitive reports and charts: This feature lets you track expense transactions easily with its expense reports and comparative charts.
Coast Fuel Card is also one of our leading business fuel cards due to its seamless platform, robust controls, and lucrative rewards.
Emburse Spend Card: Best Prepaid Card With Unlimited Cash Back
Emburse Spend CardBEST FOR: Earning unlimited cash back rewards | |
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Recommended for: Companies with sufficient cash on hand and don’t want to incur debt
Why we like it: It is a business prepaid card that offers unlimited 1% cash back on all business-related purchases, regardless of expense categories. On top of that, you get to use its streamlined expense management system, which lets you approve or reject transactions, set spending controls, and monitor expenses.
Other benefits:
- No fees: It doesn’t charge annual, monthly, and per-transaction fees.
- High load limit: You can load the card up to $100,000—if you need an increase in load limit, then you may request for approval.
- Flexible card controls: The Emburse card management platform lets you automate your expense policy, issue one-time use cards or cards with recurring monthly limits and set spending limits and expense category restrictions.
Emburse Spend Card is one of our best business prepaid cards and leading purchasing cards because of its high load limit, unlimited rewards, and streamlined cash management software.
BILL Divvy Card: Best for High Rewards Rate & Three Payment Frequencies
BILL Divvy Card | |
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Recommended for: Small and midsize companies that need a $500 to $5 million credit limit
Why we like it: The card doesn’t charge an annual fee and lets you choose how frequently you would like to pay your balance. You have the option to pay your bills in full either monthly, semi-monthly, or weekly—and the more frequently you pay, the higher the rewards you’ll earn, as follows:
Weekly | Semi-monthly | Monthly |
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Other Benefits:
- Flexible rewards redemption: Redeem your rewards as cash back, travel, statement credit, and gift cards.
- Expense management software: You can access streamlined expense management software for free to help you track your expenses and control your spending.
- Accounting integrations: BILL Spend & Expense (formerly Divvy) can integrate with various accounting software, including QuickBooks, NetSuite, and Sage Intacct.
How We Selected the Best Corporate Cards
We considered corporate credit cards that offer features that are useful for medium or large companies. These include the ability to add employee cards, streamlined expense management platforms, robust controls, and seamless integrations with other business tools.
We also prioritize cards that come at a low cost and offer rewards on purchases. When choosing the best corporate credit cards for your company, make sure to consider these factors and other functionalities that work best for your unique business’s needs.
Frequently Asked Questions (FAQs)
It is typically a charge or prepaid card that can be used for business-related expenses and offers functionalities that address the needs of medium to large businesses. These include the ability to add employee cards, set spending controls, monitor and manage expenses, and integrate with other business tools. With corporate cards, the company—not the business owner—is typically liable for the charges made on the cards.
Corporate credit cards are ideal for medium and large businesses needing the unique benefits they offer, such as a robust expense management system, rewards on purchases, business tools integrations, streamlined platforms, and protection coverages. To qualify for a corporate card, your business should be structured as an LLC or corporation.
Corporate cards allow you to streamline your company’s expenses with its cash management platforms, robust spending controls, and seamless accounting integration. You can also keep your business and personal expenses separate because corporate credit cards don’t require a personal guarantee, meaning you won’t be personally liable for your company’s obligations. What’s more, you can take advantage of rewards and exclusive perks, which vary depending on what the corporate card issuer offers.
The main difference between a corporate card and a business credit card is the payment scheme. Most small business credit cards allow you to carry a balance with APR, whereas corporate cards are either charge cards (which need to be paid in full each billing cycle) or prepaid cards (which need to be preloaded with funds).
Both can be used for business-related purchases and offer benefits such as rewards, protection coverages, and expense management platforms. However, since corporate cards are designed for medium and large businesses with hundreds of employees, these generally come with more robust spending controls and expense reporting tools.
Bottom Line
Corporate credit cards are great for companies that want to keep card liability within the business entity. The best corporate credit cards are those that come with streamlined expense management and reporting tools, ongoing rewards, exclusive perks, and low fees. Make sure that your business is registered as a limited liability company (LLC) or corporation to qualify for most corporate credit cards. You may also want to check our roundup for the best small business credit cards for other options.