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
Delta Reserve for Business Credit Card

Delta Reserve for Business Credit Card

APPLY NOWAt American Express' secure website
  • Earn 40,000 bonus miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new Card in your first 3 months.
  • With Miles Boost®, you can earn 15,000 bonus miles and 15,000 Medallion® Qualification Miles (MQMs) after you spend $30,000 or more in eligible purchases on your Card in a calendar year.
  • Earn an additional 15,000 bonus miles and 15,000 MQMs after you spend $60,000 in eligible purchases on your Card in a calendar year for a total of 30,000 bonus miles and 30,000 MQMs. Starting January 30, 2020, you will no longer earn bonus miles with this benefit.
  • Earn 2 miles per dollar spent on eligible purchases made directly with Delta. Earn 1 mile on every eligible dollar spent on purchases.
  • Find room for your carry-on and settle into your seat sooner with Main Cabin 1 Priority Boarding.
  • Pay no foreign transaction fees when you spend overseas.
  • Enter Delta Sky Club® at no cost and bring up to two guests for an exclusive rate of $29 per person per visit.
  • Terms and limitations apply
  • See Rates & Fees
Terms Apply
APPLY NOWAt American Express' secure website

N/A

17.49% - 26.49% Variable

$450 ($550 if application is received on or after 1/30/2020)

Excellent/Good
Platinum Delta SkyMiles<sup>®</sup> Business Credit Card from American Express

Platinum Delta SkyMiles® Business Credit Card from American Express

APPLY NOWAt American Express' secure website
  • Earn 5,000 Medallion® Qualification Miles (MQMs) and 35,000 bonus miles after you spend $1,000 in purchases on your new Card in your first 3 months. Plus, earn a $100 statement credit after you make a Delta purchase with your new Card within your first 3 months.
  • Check your first bag for free and save up to $60 on a round trip Delta flight.
  • Find room for your carry-on and settle into your seat sooner with Main Cabin 1 Priority Boarding.
  • Enjoy 20% savings on eligible in-flight purchases in the form of a statement credit with the American Express Delta Card.
  • Earn 2 Miles per dollar spent on purchases made directly with Delta. Earn 1 mile on every eligible dollar spent on purchases. Miles don’t expire.
  • Terms and limitations apply
  • See Rates & Fees
Terms Apply
APPLY NOWAt American Express' secure website

N/A

17.49% - 26.49% Variable

$195 ($250 if application is received on or after 1/30/2020)

Excellent Credit
Offer ends 12/4/19
The Business Platinum<sup>®</sup> Card from American Express

The Business Platinum® Card from American Express

Offer ends 12/4/19
APPLY NOWAt American Express' secure website
  • Welcome Offer: Earn up to 100,000 Membership Rewards® points.
  • Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 50,000 points after you spend an additional $15,000 all 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 1.5 points 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.
  • 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.
  • Get one year of Platinum Global Access from WeWork. With this membership, you can access 300+ premium, inspiring workspaces in 75+ cities. To get this exclusive offer, enroll between 2/15/2019 and 12/31/2019.
  • Terms Apply
  • See Rates & Fees
Terms Apply
APPLY NOWAt American Express' secure website

N/A

N/A

$595

Excellent Credit
Capital One<sup>®</sup> Spark<sup>®</sup> Cash Select for Business

Capital One® Spark® Cash Select for Business

  • Plus, a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening
  • Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening
  • Save on interest with 0% intro APR on purchases for 9 months; 14.74% - 22.74% variable APR after that
  • No annual fee
  • Use Spark Cash Select across all your business spend, with no categories to limit your purchasing
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • Get employee cards at no additional cost, and earn rewards from their business spend

0% on purchases for 9 months

14.74% - 22.74% (Variable)

$0

Why we like it
  • Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your business.
Excellent, Good
Costco Anywhere Visa<sup>®</sup> Business Card by Citi

Costco Anywhere Visa® Business Card by Citi

APPLY NOWAt Citi's secure website
  • Discover the only business credit card designed exclusively for Costco members
  • 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter
  • 3% cash back on restaurants and eligible travel purchases
  • 2% cash back on all other purchases from Costco and Costco.com
  • 1% cash back on all other purchases
  • No annual fee with your paid Costco membership* and enjoy no foreign transaction fees on purchases*
  • Whether you’re traveling for business or pleasure, enjoy no foreign transaction fees on purchases*
  • Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
APPLY NOWAt Citi's secure website

N/A

16.99%* (Variable)

$0*

Why we like it
  • 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter.
  • 2% cash back on all other purchases from Costco and Costco.com.
We least like
  • Costco Cash Rewards not redeemed by December 31 of the year issued will also be forfeited.
Excellent Credit
Capital One<sup>®</sup> Spark<sup>®</sup> Miles Select for Business

Capital One® Spark® Miles Select for Business

  • Plus, a one-time bonus of 20,000 miles once you spend $3,000 on purchases within 3 months from account opening
  • Earn 1.5 miles per $1 on every purchase
  • Plus, a one-time bonus of 20,000 miles once you spend $3,000 on purchases within 3 months from account opening
  • Miles won't expire for the life of the account, and there are no categories to limit where or what you buy
  • Save on interest with 0% intro APR on purchases for 9 months; 14.74% - 22.74% variable APR after that
  • Pay no annual fee or foreign transaction fees
  • Get online Quarterly and Year-End Summaries
  • There's no limit to the amount of miles you can earn
  • Fly on any airline, anytime, with no blackout dates or seat restrictions

0% intro on purchases for 9 months

14.74% - 22.74% (Variable)

$0

Why we like it
  • Earn 1.5 miles per $1 on every purchase.
Excellent, Good
Alaska Airlines Visa<sup>®</sup> Business credit card

Alaska Airlines Visa® Business credit card

APPLY NOWAt Bank of America's secure website
  • Get 40,000 bonus miles plus Alaska's Famous Companion Fare from $121 ($99 fare plus taxes and fees from just $22) with this offer. To qualify, make purchases of $2,000 or more within the first 90 days of opening your account.
  • Get Alaska's Famous Companion Fare™ from $121 ($99 plus taxes and fees from $22) every year! That’s right, EACH YEAR on your account anniversary get a companion fare from $121 ($99 plus taxes and fees from $22). Valid on all Alaska flights booked on alaskaair.com with no blackout dates.
  • Save with a free checked bag on Alaska flights for you and up to six other guests on the same reservation.
  • Earn 3 miles for every $1 spent directly on Alaska Airlines purchases and 1 mile for every $1 spent on all other purchases.
  • NEW! 50% off Alaska Lounge day passes and 20% back on inflight food, beverage and Wi-Fi purchases when you pay with your card.
  • Get exclusive access to discounted redemption levels when you redeem miles for hotel stays at over 400,000 properties using Alaska Airline Hotels.
  • Earn unlimited miles and travel with no blackout dates and no international transaction fees.
  • Enjoy many money saving benefits, 800+ destinations, more than a dozen global airline partners and a low annual fee of $50 for the company and $25 per card.
APPLY NOWAt Bank of America's secure website

N/A

16.74% - 24.74% Variable APR

$50 annual fee for the company and $25 per card

Excellent
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, then a variable rate, 14.99%, 17.99% or 20.99%, based on your creditworthiness and other factors as determined at the time of account opening.
  • Terms Apply
  • See Rates & Fees
Terms Apply
APPLY NOWAt American Express' secure website

0% on Purchases and Balance Transfers for 12 months

14.99% - 20.99% Variable

No annual fee

Excellent, Good
Bank of America<sup>®</sup> Platinum Visa<sup>®</sup>Business credit card

Bank of America® Platinum Visa®Business credit card

APPLY NOWAt Bank of America's secure website
  • Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening.
  • Save on interest with a competitive purchase APR.
  • No annual fee.
  • 0% Introductory APR on purchases for your first 7 billing cycles.
  • Employee cards at no additional cost to you and with credit limits you set.
APPLY NOWAt Bank of America's secure website

0% Introductory APR on purchases for your first 7 billing cycles

10.99% - 21.99% Variable APR

No annual fee

Excellent
Capital One<sup>®</sup> Spark<sup>®</sup> Classic for Business

Capital One® Spark® Classic for Business

  • Enjoy no annual fee
  • Earn 1% cash back on every purchase
  • Build business credit with responsible use
  • Fraud coverage if your card is ever lost or stolen
  • No foreign transaction fees
  • Enjoy business benefits including Year-End Summaries, employee cards at no extra cost and experienced small business customer service

24.74% (Variable)

$0

Why we like it
  • Earn 1% cash back on every purchase.
Average, Fair, Limited

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.

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