8 Best Credit Cards for Nonprofits for 2023
Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.
Benilyn has over a decade of experience as a banking officer. Her expertise is featured throughout Fit Small Business in personal finance, credit card, and real estate investing content.
This article is part of a larger series on Best Small Business Credit Cards.
Editor’s note: This is a recurring post with regularly updated card details.
The best credit cards for nonprofits offer low annual fees, low ongoing annual percentage rates (APRs), and generous rewards in expense categories where your organization spends the most. When choosing the best nonprofit credit card, consider other features that may benefit your organization. We’ve selected a variety of cards with robust rewards and included a charge card for those who prefer to pay their balance in full each month.
Here are the eight best credit cards for nonprofits:
- Chase Ink Business Cash®: Best overall credit card for nonprofits
- Charity Charge Nonprofit Business Card: Best for vendor discounts and no personal guarantee
- Capital One® Spark® Classic for Business: Best for nonprofits with fair credit
- U.S. Bank Triple Cash Rewards World Elite Mastercard®: Best for earning up to 5% cash back with 0% APR for 15 months
- Bank of America Business Advantage Unlimited Cash Rewards: Best for unlimited fixed-rate rewards
- American Express Blue Business CashTM: Best for unlimited cash back, automatic statement credit, and spending over credit limit
- Chase Ink Business PremierSM Credit Card: Best for nonprofits with frequent large purchases
- PNC points® Visa® Business Credit Card: Best for low ongoing APR
Best Credit Cards for Nonprofits at a Glance
Best For | Annual Fees | Sign-up Bonus | Ongoing Rewards | |
|---|---|---|---|---|
 Chase Ink Business Cash | Best overall credit card for nonprofits | $0 | $750 sign-up bonus | Up to 5% cash back |
Credit Needed: Good to Excellent | ||||
 Charity Charge Nonprofit Business Card | Vendor discounts and no personal guarantee | $0 | None | Automatic rebates through Mastercard® Easy Savings |
Credit Needed: Good to Excellent | ||||
 Capital One® Spark® Classic for Business | Nonprofits with fair credit | $0 | None | Up to 5% cash back |
Credit Needed: Fair | ||||
 U.S. Bank Triple Cash Rewards World Elite Mastercard® | Earning up to 5% cash back with 0% APR for 15 months | $0 | $500 bonus cash back | Up to 5% cash back |
Credit Needed: Good to Excellent | ||||
 Bank of America Business Advantage Unlimited Cash Rewards | Unlimited fixed-rate rewards | $0 | $300 statement credit | 1.5% cash back |
Credit Needed: Excellent | ||||
 American Express Blue Business Cash | Unlimited cash back, automatic statement credit, and spending over credit limit | $0 | $250 statement credit | Up to 2% cash back |
Credit Needed: Good to Excellent | ||||
 Chase Ink Business PremierSM Credit Card | Nonprofits with frequent large purchases | $195 | $1,000 bonus cash back | Up to 5% cash back |
Credit Needed: Good to Excellent | ||||
 PNC points® Visa® Business Credit Card | Low ongoing APR | $0 | None | 5x points |
Credit Needed: Good to Excellent | ||||
To see how these cards stack up against others we have reviewed, click Add to Compare on a card below and select up to two additional cards for comparison.
Chase Ink Business Cash®: Best Overall Credit Card for Nonprofits
Ink Business Cash® Credit Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Office-based businesses that want top cash back rewards
Intro APR
0% Intro APR on Purchases
Regular APR
17.99% - 23.99% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
- Earn 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
- Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- 0% introductory APR for 12 months on purchases
- Member FDIC
Pros
- Top rewards for office supply spending
- Introductory APR on purchases
- Cash sign-up bonus
Cons
- 0% APR doesn’t apply to balance transfers
- High balance transfer fee of 5%
- Designed mainly for office-oriented companies
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the United States and abroad.
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year.
- Extended warranty protection: Extends the time period of the United States manufacturer’s warranty by an additional year on eligible warranties of three years or less.
Intro APR
0% Intro APR on Purchases
Regular APR
17.99% - 23.99% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
- Earn 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
- Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- 0% introductory APR for 12 months on purchases
- Member FDIC
Pros
- Top rewards for office supply spending
- Introductory APR on purchases
- Cash sign-up bonus
Cons
- 0% APR doesn’t apply to balance transfers
- High balance transfer fee of 5%
- Designed mainly for office-oriented companies
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the United States and abroad.
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year.
- Extended warranty protection: Extends the time period of the United States manufacturer’s warranty by an additional year on eligible warranties of three years or less.
Why we like it: The Chase Ink Business Cash® card is our best overall nonprofit credit card because it is useful for fundraising expenses. If you print letters, mailers, grant proposals, and annual reports, and frequently call donors or plan events, you’ll earn premium rewards from this card.
For the first $25,000 you spend on office supplies, internet, cable, and phone services each year, you get 5% cash back. You can also get 2% cash back at gas stations and restaurants for the first $25,000 annually. Then, you’ll receive 1% back on all purchases when the cap is met. You can receive your cash back as a statement credit or as a deposit to your savings or checking account. You may also redeem your rewards toward travel, gift cards, and merchandise. Its strong rewards program and other benefits made this card our leading business credit card for startups and the top credit card for limited liability companies (LLCs).
Other benefits:
- No annual fee: Without paying an annual fee, your nonprofit will minimize its credit cost and save money while earning rewards on expenses.
- Sign-up bonus: If you can spend at least $6,000 within the first three months of card ownership, you’ll receive a cash back bonus of $750, which you can use toward your operational expenses and nonprofit programs.
- 0% introductory APR: You can make a large purchase and pay it off within 12 months of opening an account without paying interest.
Charity Charge Nonprofit Business Card: Best for Vendor Discounts & No Personal Guarantee
Charity Charge Nonprofit Business Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Receiving exclusive vendor discounts
Intro APR
N/A
Regular APR
N/A - balance is due in full by the payment due date
Annual Fee
$0
Credit Needed
Good - Excellent
- Up to 4% rebate on hotel bookings and dining
- Up to 1% rebate on fuel
- 5% rebate on Duns % Bradstreet
- 5% cashback on Microsoft advertising
- 10% rebate on Snapchat advertising
- 20% off with Dropbox
Pros
- No annual fee
- Automatic rebates
- Mastercard benefits
Cons
- Balance is due in full each month
- Strict eligibility requirements
- Vendor discounts: You’ll receive exclusive discounts at more than 200 national vendors through Purchasing Point. These include discounts on services at businesses such as FedEx and Enterprise Rent-A-Car. You can find all available vendors on the Purchasing Point’s vendor page.
- No personal guarantee: This card requires no personal guarantee, which means it doesn’t require a personal credit check. Plus, you aren’t personally liable for the company’s debt obligations.
- Extended warranty protection: Doubles the existing manufacturer’s warranty up to $10,000 per incident and $50,000 per cardholder per year.
- Purchase assurance: Replaces new purchases that are damaged or stolen within 90 days of purchase. Coverage is limited to $10,000 per incident and $50,000 per cardholder per year.
Intro APR
N/A
Regular APR
N/A - balance is due in full by the payment due date
Annual Fee
$0
Credit Needed
Good - Excellent
- Up to 4% rebate on hotel bookings and dining
- Up to 1% rebate on fuel
- 5% rebate on Duns % Bradstreet
- 5% cashback on Microsoft advertising
- 10% rebate on Snapchat advertising
- 20% off with Dropbox
Pros
- No annual fee
- Automatic rebates
- Mastercard benefits
Cons
- Balance is due in full each month
- Strict eligibility requirements
- Vendor discounts: You’ll receive exclusive discounts at more than 200 national vendors through Purchasing Point. These include discounts on services at businesses such as FedEx and Enterprise Rent-A-Car. You can find all available vendors on the Purchasing Point’s vendor page.
- No personal guarantee: This card requires no personal guarantee, which means it doesn’t require a personal credit check. Plus, you aren’t personally liable for the company’s debt obligations.
- Extended warranty protection: Doubles the existing manufacturer’s warranty up to $10,000 per incident and $50,000 per cardholder per year.
- Purchase assurance: Replaces new purchases that are damaged or stolen within 90 days of purchase. Coverage is limited to $10,000 per incident and $50,000 per cardholder per year.
Why we like it: The Charity Charge Nonprofit Business Card can be a big help with your nonprofit’s recurring expenses because you’ll earn automatic rebates to your statement for travel, fuel, business services, and other purchases at participating vendors. You can enjoy exclusive vendor discounts at over 200 national vendors and take advantage of up to 20% discounts on your everyday expenses, with no enrollment fees and no minimum purchase requirement.
Plus, it doesn’t require a personal guarantee, which means that you won’t be personally liable for your organization’s debts. The card can be underwritten directly to the nonprofit organization, making it one of our top-recommended credit cards with no personal guarantee. To qualify, your nonprofit must be in operation for at least five years with a minimum of $100,000 in annual revenue or at least two years in operation with $500,000 in annual revenue. It’s important to note that this is a charge card, which means that your balance is due in full every month.
Other benefits:
- No annual fee: Reduce your credit cost while earning premium discounts on purchases from over 200 national vendors.
- Mastercard® Easy Savings: You can earn automatic rebates to your statement when you use your card on travel, fuel, business services, and other eligible purchases at participating vendors without the need for redemption.
- Credit history for nonprofits: With responsible use, your organization may build or establish a business credit history because your account activity is reported to major business credit bureaus.
Capital One® Spark® Classic for Business: Best for Nonprofits With Fair Credit
Capital One® Spark® Classic for Business
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Those with fair credit
Intro APR
N/A
Regular APR
29.99% (Variable)
Annual Fee
$0
Credit Needed
Fair
- 1% cash back every time you swipe
- Build your business credit through responsible usage
- Issue employee cards for free
Pros
- Opportunity to build business credit
- Only requires fair credit to qualify
- Doesn’t charge annual and balance transfer fees
Cons
- Charges high ongoing APR
- Has no 0% introductory APR
- No sign-up bonus
- Automatic payments: Setting up AutoPay in the Capital One mobile app will save you from having to worry about signing in to your account every month
- $0 fraud liability: if your card is either lost or stolen, you can get an emergency replacement and cash advance.
- Purchase records: You can download all purchase records quickly and securely in multiple formats, including Quicken®, QuickBooks®, and Excel®.
- Extended warranty: Get free additional warranty and protection on eligible items purchased with your business credit card.
Free employee cards: You can create multiple employee cards, track employee spending, and customize spending limits while earning all the rewards from their purchases.
Intro APR
N/A
Regular APR
29.99% (Variable)
Annual Fee
$0
Credit Needed
Fair
- 1% cash back every time you swipe
- Build your business credit through responsible usage
- Issue employee cards for free
Pros
- Opportunity to build business credit
- Only requires fair credit to qualify
- Doesn’t charge annual and balance transfer fees
Cons
- Charges high ongoing APR
- Has no 0% introductory APR
- No sign-up bonus
- Automatic payments: Setting up AutoPay in the Capital One mobile app will save you from having to worry about signing in to your account every month
- $0 fraud liability: if your card is either lost or stolen, you can get an emergency replacement and cash advance.
- Purchase records: You can download all purchase records quickly and securely in multiple formats, including Quicken®, QuickBooks®, and Excel®.
- Extended warranty: Get free additional warranty and protection on eligible items purchased with your business credit card.
Free employee cards: You can create multiple employee cards, track employee spending, and customize spending limits while earning all the rewards from their purchases.
Why we like it: As our top business credit card for fair credit, Capital One® Spark® Classic for Business can help you build and strengthen your credit with responsible use and consistent on-time payments. You can earn unlimited 1% cash back on all business purchases and unlimited 5% cash back on hotels and rental cars booked through Capital One Travel.
Because of the card’s relaxed credit requirement, it is one of our top-ranking instant approval business credit cards. However, it comes with a high interest rate of 29.99%, the highest among all other cards in this guide. This means carrying a balance can be very costly for your organization, so we recommend paying your balance in full each billing cycle to avoid unnecessary costs.
Other benefits:
- No annual fee: You can take advantage of unlimited cash back without having to pay annual fees.
- Cash back has no expiration date: Your cash back rewards do not expire as long as your account remains open and in good standing.
U.S. Bank Triple Cash Rewards World Elite Mastercard®: Best for Earning Up to 5% Cash Back With Long 0% APR
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
0% APR for 15 billing cycles
Intro APR
Regular APR
18.99% - 27.99% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 18.99% - 27.99%.
- No annual fee.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
Intro APR
Regular APR
18.99% - 27.99% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 18.99% - 27.99%.
- No annual fee.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
Why we like it: With U.S. Bank Triple Cash Rewards World Elite Mastercard®, you’ll receive 5% cash back on prepaid hotels and car rentals when you book directly through the Travel Rewards Center. It’s also a great option if you’re always on the road because you can earn 3% cash back at gas and EV charging stations, making it our leading fuel card for small businesses.
You’ll also earn 3% cash back at office supply stores, cellphone service providers, and restaurants and 1% cash back on all other purchases.
On top of that, this card is also an excellent option for nonprofits needing to make large purchases, such as office furniture or computers. It offers a 0% APR for the first 15 months of card ownership, which you can use to finance interest-free purchases and balance transfers. This long interest-free financing option makes it one of our top credit cards with 0% APR and best business cards for balance transfers.
Other benefits:
- No annual fee: You can minimize your credit cost by not having to pay annual fees while earning lucrative rewards. It is our overall best credit card with no annual fees.
- $100 software credit: If your nonprofit pays for recurring software subscription expenses such as FreshBooks or QuickBooks, you can earn an annual $100 statement credit.
- Sign-up bonus: When you spend at least $4,500 on purchases within the first 150 days after opening an account, you’ll earn a $500 bonus cash back.
Bank of America Business Advantage Unlimited Cash Rewards: Best for Unlimited Fixed-rate Rewards
Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Those with an existing business checking account with Bank of America
Intro APR
See Terms
9 billing cycles
9 billing cycles
Regular APR
See Terms
Annual Fee
$0.00
Credit Needed
Excellent
- Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
- Earn unlimited 1.5% cash back on all purchases.
- No annual cap and cash rewards don't expire.
- No annual fee.
- You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to an unlimited 2.62% cash back on all purchases.
- Choose how to redeem your cash rewards - as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you.
- Contactless Cards - the security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Doesn’t charge annual fees
- Flexible redemption options
- With sign-up bonus
- With 0% introductory APR on purchases
Cons
- 0% introductory APR isn’t applicable to balance transfers
- With foreign transaction fees
- Access to a business credit score: Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Balance Connect®: This helps prevent declined purchases, returned checks, or other overdrafts when you link your Bank of America® Business Advantage Unlimited Cash Rewards to a Bank of America business checking account for overdraft protection.
- Fraud monitoring: Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
- Zero liability protection: Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
Intro APR
See Terms
9 billing cycles
9 billing cycles
Regular APR
See Terms
Annual Fee
$0.00
Credit Needed
Excellent
- Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
- Earn unlimited 1.5% cash back on all purchases.
- No annual cap and cash rewards don't expire.
- No annual fee.
- You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to an unlimited 2.62% cash back on all purchases.
- Choose how to redeem your cash rewards - as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you.
- Contactless Cards - the security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Doesn’t charge annual fees
- Flexible redemption options
- With sign-up bonus
- With 0% introductory APR on purchases
Cons
- 0% introductory APR isn’t applicable to balance transfers
- With foreign transaction fees
- Access to a business credit score: Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Balance Connect®: This helps prevent declined purchases, returned checks, or other overdrafts when you link your Bank of America® Business Advantage Unlimited Cash Rewards to a Bank of America business checking account for overdraft protection.
- Fraud monitoring: Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
- Zero liability protection: Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
Why we like it: If you don’t want to keep track of spending categories and prefer to earn unlimited, fixed-rate rewards, the Bank of America® Business Advantage Unlimited Cash Rewards credit card offers 1.5% cash back on all purchases. There is no annual cap, and your rewards don’t expire.
It is also an excellent card if your nonprofit maintains a business checking account with Bank of America because you can earn up to 75% more cash back on every purchase if you qualify for the Preferred Rewards for Business. You can redeem your rewards as a deposit into your Bank of America checking or savings account, a statement credit, or a check by mail. Read our review of Bank of America’s business checking account if you’re interested in learning about the product.
Other benefits:
- No annual fee: Pay no annual fee and save on credit costs while earning unlimited cash back.
- Sign-up bonus: Receive a $300 statement credit when you make a minimum of $3,000 in purchases during the first 90 days of card ownership.
American Express Blue Business CashTM: Best for Unlimited Cash Back, Automatic Statement Credit & Spending Over Credit Limit
American Express Blue Business Cash™ Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Those who want better cash back rewards
Intro APR
0% on purchases
Regular APR
18.24% - 26.24% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.24% - 26.24%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
Intro APR
0% on purchases
Regular APR
18.24% - 26.24% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.24% - 26.24%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
Why we like it: With American Express Blue Business CashTM card, you can earn 2% cash back on all eligible purchases up to $50,000 per calendar year, then 1% cash back thereafter. Cash back is credited to your statement automatically. Also, it is one of our top Amazon business credit cards, so if your nonprofit shops on the platform frequently, it is a good option.
Besides that, it features expanded buying power, which allows you to spend over your credit limit whenever you need to. The amount you can spend beyond your credit limit will adjust based on your card usage, payment behavior, credit score, and financial resources. This is one of the reasons why it is named our best cash back business credit card.
Other benefits:
- No annual fee: Since there is no annual fee, you can benefit from unlimited cash back on your purchases without the extra cost.
- 0% APR: If you plan to make a significant purchase after opening an account, you can benefit from interest-free financing for the first 12 months.
- Sign-up bonus: Spend at least $3,000 in purchases within the first three months of opening an account and receive a $250 statement credit as a bonus.
Chase Ink Business PremierSM Credit Card: Best for Nonprofits With Frequent Large Purchases
Ink Business Premier℠ Credit Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Those who frequently make large purchases
Intro APR
None
Regular APR
Flex for Business Variable APR: 19.24% - 27.24%
Annual Fee
$195
Credit Needed
Good to Excellent
- Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.
- Earn unlimited 2.5% total cash back on purchases of $5,000 or more and unlimited 2% cash back on all other business purchases.
- Travel Benefits: Unlimited 5% total cash back on travel purchased through Chase Ultimate Rewards, No Foreign Transaction Fees and Trip Cancellation/Trip Interruption Insurance.
- Rich Rewards. Limitless Opportunities. With no minimum redemption amount, redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- For businesses who prefer to pay their balance in full each month, Ink Business Premier gives access to increased spending power, rich rewards, and premium benefits.
- Pay off eligible purchases over time with interest up to assigned Flex for Business limit. All other purchases must be paid in full each month.
- Purchase with confidence with built-in protections like Fraud Protection, Zero Liability Protection, Purchase Protection, Cell Phone Protection, and Extended Warranty Protection.
- There's no additional cost for employee cards. Monitor spend with digital tools like purchase alerts, set spending limits, reporting, and more.
- Member FDIC
Pros
- Offers premium rewards for new and existing cardholders
- Does not charge foreign transaction fees
- Has the option to pay for qualifying purchases in installments through Flex for Business
Cons
- Does not have interest-free financing option on both purchases and balance transfers
- Charges a high annual fee of $195
- Requires for you to pay in full each month
- Need to make large purchases within a short period of time to qualify for its sign up bonus
- Cellphone protection: You and your employees listed on your monthly cellphone bill can get up to $1,000 per claim against covered theft or damage
- Extended warranty protection: You can extend the US manufacturer’s warranty period by an additional year on eligible warranties of three years or less.
- Trip cancellation/trip interruption insurance: If your trip is canceled or cut short by sickness, severe weather, and other covered situations, you can be reimbursed up to $5,000 per person and $10,000 per trip for your prepaid, nonrefundable travel expenses, which includes passenger fares, tours, and hotels.
- Flex for Business: Allows a portion of your Credit Access Line to be used for qualifying purchases over time with interest.
- Free employee cards: You can request employee cards at no additional cost and set individual spending limits—helping you earn rewards faster.
Intro APR
None
Regular APR
Flex for Business Variable APR: 19.24% - 27.24%
Annual Fee
$195
Credit Needed
Good to Excellent
- Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.
- Earn unlimited 2.5% total cash back on purchases of $5,000 or more and unlimited 2% cash back on all other business purchases.
- Travel Benefits: Unlimited 5% total cash back on travel purchased through Chase Ultimate Rewards, No Foreign Transaction Fees and Trip Cancellation/Trip Interruption Insurance.
- Rich Rewards. Limitless Opportunities. With no minimum redemption amount, redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- For businesses who prefer to pay their balance in full each month, Ink Business Premier gives access to increased spending power, rich rewards, and premium benefits.
- Pay off eligible purchases over time with interest up to assigned Flex for Business limit. All other purchases must be paid in full each month.
- Purchase with confidence with built-in protections like Fraud Protection, Zero Liability Protection, Purchase Protection, Cell Phone Protection, and Extended Warranty Protection.
- There's no additional cost for employee cards. Monitor spend with digital tools like purchase alerts, set spending limits, reporting, and more.
- Member FDIC
Pros
- Offers premium rewards for new and existing cardholders
- Does not charge foreign transaction fees
- Has the option to pay for qualifying purchases in installments through Flex for Business
Cons
- Does not have interest-free financing option on both purchases and balance transfers
- Charges a high annual fee of $195
- Requires for you to pay in full each month
- Need to make large purchases within a short period of time to qualify for its sign up bonus
- Cellphone protection: You and your employees listed on your monthly cellphone bill can get up to $1,000 per claim against covered theft or damage
- Extended warranty protection: You can extend the US manufacturer’s warranty period by an additional year on eligible warranties of three years or less.
- Trip cancellation/trip interruption insurance: If your trip is canceled or cut short by sickness, severe weather, and other covered situations, you can be reimbursed up to $5,000 per person and $10,000 per trip for your prepaid, nonrefundable travel expenses, which includes passenger fares, tours, and hotels.
- Flex for Business: Allows a portion of your Credit Access Line to be used for qualifying purchases over time with interest.
- Free employee cards: You can request employee cards at no additional cost and set individual spending limits—helping you earn rewards faster.
Why we like it: If your nonprofit makes substantial purchases regularly, you can benefit from Chase Ink Business PremierSM credit card’s premium rewards. For starters, if you can spend at least $10,000 on eligible purchases within the first three months of card ownership, you’ll receive a bonus cash back of $1,000. Also, you’ll earn a premium cash back rate of 2.5% for every single purchase transaction worth at least $5,000.
You’ll even receive 5% cash back on travel booked through the Chase Ultimate Rewards program, including airline tickets, hotel stays, car rentals, vacation packages, and cruises, and 2% cash back on all other purchases. It’s worth noting that it comes with an annual fee of $195, has no introductory 0% APR, and does not allow balance transfer transactions. Also, this is a pay-in-full card, which means that you should pay your full balance each month.
Other benefits:
- Flexible redemption options: You can redeem your rewards for cash back, gift cards, travel, and merchandise through Chase Ultimate Rewards.
- No expiration for rewards: Your cash back rewards don’t expire for as long as your account remains open and in good standing.
- No foreign transaction fees: If you need to travel abroad, you may use this card without having to worry about international transaction fees.
- Flex for Business option: This feature allows you to pay off eligible purchases over time with interest.
PNC points® Visa® Business Credit Card: Best for Earning Unlimited 5x Points With Low Ongoing APR
PNC points® Visa® Business Credit Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Those who need to carry a balance
Intro APR
0% on balance transfers and purchases for the first nine billing cycles after opening an account
Regular APR
15.74% to 24.74% variable
Annual Fee
$0
Credit Needed
Good to Excellent
- Unlimited 5 points for every dollar spent on eligible purchases, with no spending categories to keep track of and no limits on the amount of points earned.
Pros
- Low ongoing APR
- Unlimited five points for every dollar spent on business-related purchases
- No annual fees
Cons
- Short interest-free financing option on both purchases and balance transfers
- Points expire on the 48th month after the month in which they were posted to your points account
- Only available if you have an existing online bank account with PNC Bank or if you’re an existing PNC depositor
- Overdraft protection: You can use this card as overdraft protection for your PNC business checking account. This can help prevent overdrafts if your checking account doesn’t have sufficient funds to cover your check transactions.
- Cash Flow Insight®: This lets you monitor and plan your cash flow, send invoices via email, get paid online, and manage payables. It has a Spend Analysis tool that will automatically assign business categories to your credit card transactions so that you can track your expenses and plan a budget for your future business needs.
- Purchase security: Items purchased with this card are covered by purchase security. Visa® will replace, repair, or reimburse you for eligible items in the event of theft or damage within the first 90 days of purchase.
- Extended protection: If you purchase an item with this card, you’re covered with extended protection. This coverage doubles the original manufacturer’s written US warranty up to a maximum of one additional year on warranties of three years or less.
Intro APR
0% on balance transfers and purchases for the first nine billing cycles after opening an account
Regular APR
15.74% to 24.74% variable
Annual Fee
$0
Credit Needed
Good to Excellent
- Unlimited 5 points for every dollar spent on eligible purchases, with no spending categories to keep track of and no limits on the amount of points earned.
Pros
- Low ongoing APR
- Unlimited five points for every dollar spent on business-related purchases
- No annual fees
Cons
- Short interest-free financing option on both purchases and balance transfers
- Points expire on the 48th month after the month in which they were posted to your points account
- Only available if you have an existing online bank account with PNC Bank or if you’re an existing PNC depositor
- Overdraft protection: You can use this card as overdraft protection for your PNC business checking account. This can help prevent overdrafts if your checking account doesn’t have sufficient funds to cover your check transactions.
- Cash Flow Insight®: This lets you monitor and plan your cash flow, send invoices via email, get paid online, and manage payables. It has a Spend Analysis tool that will automatically assign business categories to your credit card transactions so that you can track your expenses and plan a budget for your future business needs.
- Purchase security: Items purchased with this card are covered by purchase security. Visa® will replace, repair, or reimburse you for eligible items in the event of theft or damage within the first 90 days of purchase.
- Extended protection: If you purchase an item with this card, you’re covered with extended protection. This coverage doubles the original manufacturer’s written US warranty up to a maximum of one additional year on warranties of three years or less.
Why we like it: If you appreciate a generous yet simple rewards program, you’ll find the PNC points® Visa® Business Credit Card valuable. You can earn unlimited 5x points per dollar on all purchases, regardless of spending categories. Points can be redeemed as cash back or used for travel, merchandise, and gift cards.
It is also an excellent option if you plan to carry a balance from time to time because it comes with a low ongoing APR, starting at 15.74%—the lowest on this list. It also comes with additional features like extended protection, purchase security, and Cash Flow Insight® with the Spend Analysis tool, which allows you to monitor your organization’s spending and plan your budget.
Other benefits:
- 0% APR: Take advantage of 0% APR for the first nine billing cycles after opening an account on both purchases and balance transfers when the balance is transferred within the first 90 days.
- No annual fee: Earn unlimited points rewards without having to pay annual fees.
How We Selected the Best Nonprofit Credit Cards
When choosing the best credit cards for nonprofits, we focused on introductory and ongoing rewards, low to no annual fees, reasonable interest rates, and other features that are valuable to nonprofits, such as premium rewards on specific spend categories or fixed-rate rewards. Taking all of these into consideration can help your organization save money.
Frequently Asked Questions (FAQs)
Which nonprofits need a business credit card?
Nonprofits with recurring expenses should apply for a business credit card. For example, a business credit card may be helpful if your organization holds events regularly. It provides your organization with direct access to funds even when it’s falling short on donations.
- You can enjoy easier access to capital: A business credit card can help you with your funding needs.
- You can build credit for your organization: Good credit is essential if you want your organization to be eligible for loans. It also makes your organization more appealing to corporations offering investment opportunities and grants.
- You can earn rewards on purchases: Your organization can benefit from rewards, like cash back or points.
The application process varies among credit card issuers. Usually, issuers will check the personal credit score of the nonprofit organization’s executive director or board chair. Most issuers will require a personal guarantee from the authorized representative of the nonprofit organization.
You may also need to submit requirements, such as the representatives’ identification documents, proof of revenue, and nonprofit registration. As these requirements vary per issuer, it’s best to check with your chosen credit card company before you apply.
Bottom Line
The best nonprofit credit card rewards you with every purchase you make. Consider a card with specific spending categories if certain expenses take the most out of your budget. If you don’t want to monitor your expense categories, a fixed-rate rewards card with no purchase limitations would work better for you. If you’d like to see other alternatives, look at our list of the best small business credit cards.
