Capital One's Q1 Spark Business Barometer has shown that despite the challenging economic climate over the past few months, an impressive 49% of business owners are optimistic about the national economy over the next year. An even higher 67% of businesses have reported feeling optimistic about the future of their local economies.

This optimism that small businesses are exuding isn't just based on a whim – around one third (34%) of businesses taking part in the survey said that their businesses' finances had improved in the last three months, compared to just one fifth who said that their finances are now worse.

For those of you eager to be in the percentage of small businesses with improving finances in the next quarter, I've compiled a list of smart saving tips, increasing those profit margins and making your dollars go further.

1. Reduce Marketing Costs

Review the way you're marketing your business and its products – is it the most effective it can be? Consider strategies such as collaborative marketing with other businesses and tapping into another customer base, both online and offline.

2. Eliminate Paper

Do your best to work towards a completely paperless office. Not only will this save on unnecessary printing but also storage space for all of those important documents. Storing everything digitally is faster and in many ways more convenient.

3. Do Your Own Taxes

Doing your own taxes not only lets you save on the cost of an accountant but also makes sure that every tax deduction option is explored when you do your research. Everything from internet connection bills to trade magazines can all be added to your tax breaks.

4. Get Sponsors

Sponsors related to your business are a great way of increasing your client base, bringing in new people who trust your sponsor's (perhaps longer established) brand. Sponsors for events are a particularly common arrangement, but explore other sponsorship options as part of your day-to-day running too.

5. Use The Right Credit Cards

Using a good business credit card not only allows you to cover business expenses without putting up any collateral but can also let you earn rewards and/or cash back just for going about your monthly spending. Further benefits include being able to delegate company spending to employees easily by giving them an employee card. Finding the right credit card with the number of options on the market isn't always easy, so here I have compiled a list of our best rated credit cards for small businesses who are looking to save and get more from their expenditure.

Credit CardFeaturesIntro APRRegular APRAnnual FeeWhy we like itWe least likeCredit RequiredRelated links
American Express Blue Business Cash™ Card

American Express Blue Business Cash™ Card

APPLY NOWAt American Express' secure website
  • 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 and balance transfers for 12 months from the date of account opening, then a variable rate, 13.24%, 16.24%, or 19.24%, based on your creditworthiness and other factors as determined at the time of account opening.
  • No Annual Fee
  • Terms Apply
  • See Rates & Fees
Terms Apply
APPLY NOWAt American Express' secure website

0% intro APR on purchases and balance transfers for 12 months

13.24% - 19.24% Variable

No annual fee

Excellent/Good
The Hilton Honors American Express Business Card

The Hilton Honors American Express Business Card

  • Welcome Offer: Earn 125,000 Hilton Honors Bonus Points with the Hilton Honors American Express Business Card after you spend $3,000 in eligible purchases on the Card in the first 3 months of Card Membership.
  • Earn Hilton Honors Bonus Points for each dollar of eligible purchases on your Card: 12X at hotels and resorts in the Hilton portfolio, 6X on Select Business & Travel Purchases, 3X Everywhere Else. Terms & Limitations Apply.
  • Enjoy complimentary Gold Status with your Hilton Honors Business Card.
  • Earn a Weekend Night Reward from Hilton Honors after you spend $15,000 in purchases on your Card in a calendar year.
  • Earn another Weekend Night Reward from Hilton Honors after you spend an additional $45,000 in purchases on your Card in the same calendar year.
  • Relax with 10 free airport lounge visits each year once enrolled in complimentary Priority Pass™ Select membership, which offers access to over 1,000 lounges in over 120 countries.
  • Terms apply.
  • See Rates & Fees
Terms Apply

N/A

15.74% - 24.74% Variable

$95

Excellent, Good
Delta SkyMiles<sup>®</sup> Gold Business American Express Card

Delta SkyMiles® Gold Business American Express Card

APPLY NOWAt American Express' secure website
  • Limited Time Offer: Earn up to 70,000 bonus miles. Earn 60,000 bonus miles after you spend $2,000 in purchases on your new Card in the first 3 months. Plus, earn an additional 10,000 bonus miles after your first anniversary of Card Membership.
  • Additionally, take $100 off your next Delta flight – after you spend $10,000 in purchases on your Card in a calendar year, you will earn a $100 Delta Flight Credit to use toward future travel.
  • Earn 2 Miles on every dollar spent on eligible purchases made directly with Delta, on every dollar spent on eligible U.S. purchases for advertising in select media, on every dollar spent on eligible U.S. shipping purchases, on every eligible dollar spent on dining at restaurants. Earn 1 Mile on every eligible dollar spent on purchases.
  • Check or stow your bag with ease: First Checked Bag Free + Main Cabin 1 Priority Boarding.
  • Pay no foreign transaction fees when you travel overseas.
  • $0 introductory annual fee for the first year, then $99.
  • Terms and limitations apply
  • See Rates & Fees
Terms Apply
APPLY NOWAt American Express' secure website

N/A

15.74% - 24.74% Variable

$0 introductory annual fee for the first year, then $99

Excellent Credit
Marriott Bonvoy Business™ American Express<sup>®</sup> Card

Marriott Bonvoy Business™ American Express® Card

APPLY NOWAt American Express' secure website
  • Earn 75,000 bonus Marriott Bonvoy points after you use your new Card to make $3,000 in purchases within the first 3 months.
  • 6x points at participating Marriott Bonvoy hotels.
  • 4x points at U.S. restaurants, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping. 2x points on all other eligible purchases.
  • Receive 1 Free Night Award every year after your Card account anniversary. Plus, earn an additional Free Night Award after you spend $60K in purchases on your Card in a calendar year. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy points) at a participating hotel. Certain hotels have resort fees.
  • Enjoy complimentary Marriott Bonvoy Silver Elite status with your Card. Plus, earn Gold Elite status after making $35,000 in eligible purchases on your Card in a calendar year.
  • Terms apply.
  • See Rates & Fees
APPLY NOWAt American Express' secure website

N/A

15.74% - 24.74% Variable

$125

Excellent/Good
American Express<sup>®</sup> Business Gold Card

American Express® Business Gold Card

APPLY NOWAt American Express' secure website
  • Earn 35,000 Membership Rewards® points after you spend $5,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
  • More Rewards: Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month**
  • **4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.*
  • Airline Bonus: Get 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year.*
  • Pay Over Time Option: A flexible payment option to help manage cash flow on purchases of $100 or more.*
  • Access to the Working Capital Terms program: get additional funding beyond what you can spend on Business Gold with this flexible funding solution designed to pay U.S. based vendor invoices directly when cards are not accepted.*
  • *Terms Apply
  • See Rates & Fees
APPLY NOWAt American Express' secure website

N/A

14.24% - 22.24% Variable

$295

Excellent/Good
Offer ends 4/1/20
Delta SkyMiles<sup>®</sup> Platinum Business American Express Card

Delta SkyMiles® Platinum Business American Express Card

Offer ends 4/1/20
APPLY NOWAt American Express' secure website
  • Limited Time Offer*: Earn up to 100,000 bonus miles. Earn 80,000 bonus miles after you spend $3,000 on purchases on your new Card in the first 3 months. Plus, earn an additional 20,000 bonus miles after your first anniversary of Card Membership. *Offer expires 4/1/20
  • Earn 3 Miles on every dollar spent on eligible purchases made directly with Delta and on every eligible dollar spent on purchases made directly with hotels.
  • Status-like benefits: First Check Bag Free on Delta flights + Main Cabin 1 Priority Boarding
  • Earn 1.5 miles per dollar on single eligible purchases of $5,000 or more (that's an extra half point per dollar), up to 50,000 additional miles per year. 1 Mile on every eligible dollar spent on other purchases.
  • Get closer to status with Status Boost™. Spend $25,000 in purchases on the Card in a calendar year and earn 10,000 Medallion® Qualification Miles (MQMs); spend a total of $50,000 in eligible purchases on the Card in a calendar year and earn an additional 10,000 MQMs. MQMs are used to determine Medallion Status and are different from the miles you earn toward flights.
  • Terms and limitations apply.
  • See Rates & Fees
Terms Apply
APPLY NOWAt American Express' secure website

N/A

15.74% - 24.74% Variable

$250

Excellent Credit
Delta SkyMiles<sup>®</sup> Reserve Business American Express Card

Delta SkyMiles® Reserve Business American Express Card

APPLY NOWAt American Express' secure website
  • Limited Time Offer: Earn up to 100,000 bonus miles and 20,000 Medallion® Qualification Miles (MQMs). Earn 80,000 bonus miles and 20,000 MQMs after you spend $5,000 in purchases on your new Card in your first 3 months. Plus, earn an additional 20,000 bonus miles after your first anniversary of Card Membership.
  • With Status Boost™, earn 15,000 Medallion® Qualification Miles (MQMs) after you spend $30,000 in purchases on your new Card in a calendar year, up to four times per year getting you closer to Medallion Status. MQMs are used to determine Medallion Status and are different from the miles you earn toward flights.
  • Complimentary Delta Sky Club® Access and complimentary access to The Centurion Lounge when flying on a same-day Delta-marketed or Delta-operated flight. The eligible flight must be booked on a U.S. issued American Express Credit Card.
  • After you spend $150,000 on your Card in a calendar year, you earn 1.5 Miles per dollar (that's an extra half mile per dollar) on eligible purchases the rest of the year. Eligible purchases after spending $150,000 do not include Delta purchases.
  • Pay no foreign transaction fees when you spend overseas.
  • Earn 3 Miles on every dollar spent on eligible purchases made directly with Delta.
  • Terms and limitations apply.
  • See Rates & Fees
Terms Apply
APPLY NOWAt American Express' secure website

N/A

15.74% - 24.74% Variable

$550

Excellent/Good
The Business Platinum Card<sup>®</sup>  from American Express

The Business Platinum Card® from American Express

APPLY NOWAt American Express' secure website
  • Earn 75,000 Membership Rewards® points after you spend $15,000 on qualifying purchases within your first 3 months of Card Membership.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Get 50% more Membership Rewards® points. That's an extra half point per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year when you book on amextravel.com.
  • Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
  • Terms Apply
  • See Rates & Fees
Terms Apply
APPLY NOWAt American Express' secure website

N/A

N/A

$595

Excellent Credit
The Blue Business<sup>®</sup> Plus Credit Card from American Express

The Blue Business® Plus Credit Card from American Express

APPLY NOWAt American Express' secure website
  • Get rewarded for business as usual. Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners.
  • 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
  • Enjoy the flexibility to put more purchases on the Card and earn rewards when you buy above your credit limit*.
  • You've got the power to use your Card beyond its credit limit* with Expanded Buying Power.
  • More buying power for your business means more opportunities to earn points. That's everyday business with the Blue Business Plus Card.
  • *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 and balance transfers for 12 months from the date of account opening, then a variable rate, 13.24% - 19.24%, based on your creditworthiness and other factors as determined at the time of account opening.
  • No Annual Fee
  • Terms Apply
  • See Rates & Fees
Terms Apply
APPLY NOWAt American Express' secure website

0% on Purchases for 12 months from date of account opening and 0% on Balance Transfers for 12 months

13.24% - 19.24% Variable

No annual fee

Excellent, Good
Business Green Rewards Card from American Express

Business Green Rewards Card from American Express

APPLY NOWAt American Express' secure website
  • Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases with the Business Green Rewards Card within the first 3 months of Card Membership.
  • Earn one Membership Rewards® point for each dollar you spend on eligible purchases
  • Choose rewards from over 500 leading brands in travel, gift cards, merchandise or entertainment
  • $0 introductory annual fee for the first year, then $95
  • Terms & Limitations Apply
  • See Rates & Fees
APPLY NOWAt American Express' secure website

N/A

N/A

$0 introductory annual fee for the first year, then $95

Excellent Credit

Whichever business credit card you choose, bear in mind that having more than one card can be beneficial since it lets you earn different types of rewards on different spending categories. To learn more about business credit cards take a look at our best rated small business credit cards for 2018.

Additional Resources At GET.com: