The 6 Best Credit Cards for Buying a Car [September 2024]
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How Do You Purchase a Car With a Credit Card?
If you like the idea of getting a solid return of 2% to 4% back on your car purchase in the form of rewards, then you’re in the right place!
We need to set some expectations up-front, though. Car dealers always want to make the most money from you, and these businesses must also pay for interchange and processing fees if they allow you to swipe your credit card.
Every car dealership has different rules and systems in place for selling cars, so they may or may not allow you to purchase a car outright. A common practice is that the dealer will let you charge only the down payment to a credit card.
Your mileage may vary, but you should always try to negotiate using a credit card as part of the purchase after you’ve fully negotiated the purchase price of the car.
Best Credit Cards for Buying a Car — Summary
Card | Welcome Offer and Annual Fee | Earning Rates |
| The Platinum Card® from American Express |
| 1x-5x points The Platinum Card® from American Express
|
| Chase Freedom Unlimited® |
| 1.5%-5% cash-back Chase Freedom Unlimited®
|
| Capital One Venture Rewards Credit Card |
| 2x-5x miles Capital One Venture Rewards Credit Card
|
| 1x-5x points The Business Platinum Card® from American Express
| |
| 1.5% cash-back Ink Business Unlimited® Credit Card
| |
| 1x-2x points The Blue Business® Plus Credit Card from American Express
|
3 Best Personal Credit Cards for Purchasing a Car
What are the characteristics of an ideal card to purchase a car on?
Well, to start off, you won’t be able to qualify for any special bonus categories solely for cars using any mainstream credit cards from major banks like American Express, Chase, and Capital One.
However, what you do need to optimize for are:
- Great earning categories for non-bonused spending
- High spending or credit limits
With the right cards, you can earn up to 2x points per dollar spent. You may also be able to make purchases of tens of thousands of dollars or even hundreds of thousands of dollars with a single swipe without getting your card declined or maxing out your credit line if you have the right card.
Assuming you aren’t purchasing a car for your business, this next section will walk you through the best personal cards to use for purchasing a car!
1. The Platinum Card® from American Express (Top Pick)
Terms Apply / Rates & Fees
The Amex Platinum reigns supreme for luxury travel, offering the best airport lounge access plus generous statement credits, and complimentary elite status.
Apply With Confidence
Know if you're approved with no credit score impact
If you're approved and accept this Card, your credit score may be impacted.
When it comes to cards that offer top-notch benefits, you’d be hard-pressed to find a better card out there than The Platinum Card® from American Express.
Make no mistake — the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual statement credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.
- The best airport lounge access out of any card (by far) — enjoy access to over 1,400 worldwide lounges, including the luxurious Amex Centurion Lounges, Priority Pass lounges, Plaza Premium Lounges, and many more!
- 5x points per dollar spent on flights purchased directly with the airline or with AmexTravel.com (up to $500,000 per year)
- 5x points per dollar spent on prepaid hotels booked with AmexTravel.com
- $695 annual fee (rates and fees)
- Airline credit does not cover airfare (only incidentals like checked bags)
- Earn 80,000 Membership Rewards® Points after you spend $8,000 on eligible purchases on your new Card in your first 6 months of Card Membership.
- Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
- $200 Hotel Credit: Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings through American Express Travel using your Platinum Card®. The Hotel Collection requires a minimum two-night stay.
- $240 Digital Entertainment Credit: Get up to $20 back in statement credits each month on eligible purchases made with your Platinum Card® on one or more of the following: Disney+, a Disney Bundle, ESPN+, Hulu, The New York Times, Peacock, and The Wall Street Journal. Enrollment required.
- The American Express Global Lounge Collection® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market. As of 03/2023.
- $155 Walmart+ Credit: Save on eligible delivery fees, shipping, and more with a Walmart+ membership. Use your Platinum Card® to pay for a monthly Walmart+ membership and get up to $12.95 plus applicable taxes back on one membership (excluding Plus Ups) each month.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Platinum Card®.
- $200 Uber Cash: Platinum Card® Members can get out and about and explore their local area with $15 in Uber Cash for US rides each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings. Simply download the Uber app and add your Platinum Card® to your Uber account to get started. Available to Basic Card Member only. Effective 11/8/2024, an Amex Card must be selected as the payment method for your Uber or Uber Eats transaction to redeem the Amex Uber Cash benefit.
- $199 CLEAR® Plus Credit: CLEAR® Plus helps to get you to your gate faster at 50+ airports nationwide and get up to $199 back per calendar year on your Membership (subject to auto-renewal) when you use your Card. CLEARLanes are available at 100+ airports, stadiums, and entertainment venues.
- Receive either a $120 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck® (through a TSA official enrollment provider) application fee, when charged to your Platinum Card®. Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.
- Shop Saks with Platinum: Get up to $100 in statement credits annually for purchases in Saks Fifth Avenue stores or at saks.com on your Platinum Card®. That's up to $50 in statement credits semi-annually. Enrollment required.
- Unlock access to exclusive reservations and special dining experiences with Global Dining Access by Resy when you add your Platinum Card® to your Resy profile.
- $695 annual fee.¤
- Terms Apply.
- APR: See Pay Over Time APR
- Foreign Transaction Fees: None
Terms Apply / Rates & FeesThe Amex Platinum reigns supreme for luxury travel, offering the best airport lounge access plus generous statement credits, and complimentary elite status.
Apply With Confidence
Know if you're approved with no credit score impact
If you're approved and accept this Card, your credit score may be impacted.
When it comes to cards that offer top-notch benefits, you’d be hard-pressed to find a better card out there than The Platinum Card® from American Express.
Make no mistake — the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual statement credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.
- The best airport lounge access out of any card (by far) — enjoy access to over 1,400 worldwide lounges, including the luxurious Amex Centurion Lounges, Priority Pass lounges, Plaza Premium Lounges, and many more!
- 5x points per dollar spent on flights purchased directly with the airline or with AmexTravel.com (up to $500,000 per year)
- 5x points per dollar spent on prepaid hotels booked with AmexTravel.com
- $695 annual fee (rates and fees)
- Airline credit does not cover airfare (only incidentals like checked bags)
- Earn 80,000 Membership Rewards® Points after you spend $8,000 on eligible purchases on your new Card in your first 6 months of Card Membership.
- Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
- $200 Hotel Credit: Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings through American Express Travel using your Platinum Card®. The Hotel Collection requires a minimum two-night stay.
- $240 Digital Entertainment Credit: Get up to $20 back in statement credits each month on eligible purchases made with your Platinum Card® on one or more of the following: Disney+, a Disney Bundle, ESPN+, Hulu, The New York Times, Peacock, and The Wall Street Journal. Enrollment required.
- The American Express Global Lounge Collection® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market. As of 03/2023.
- $155 Walmart+ Credit: Save on eligible delivery fees, shipping, and more with a Walmart+ membership. Use your Platinum Card® to pay for a monthly Walmart+ membership and get up to $12.95 plus applicable taxes back on one membership (excluding Plus Ups) each month.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Platinum Card®.
- $200 Uber Cash: Platinum Card® Members can get out and about and explore their local area with $15 in Uber Cash for US rides each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings. Simply download the Uber app and add your Platinum Card® to your Uber account to get started. Available to Basic Card Member only. Effective 11/8/2024, an Amex Card must be selected as the payment method for your Uber or Uber Eats transaction to redeem the Amex Uber Cash benefit.
- $199 CLEAR® Plus Credit: CLEAR® Plus helps to get you to your gate faster at 50+ airports nationwide and get up to $199 back per calendar year on your Membership (subject to auto-renewal) when you use your Card. CLEARLanes are available at 100+ airports, stadiums, and entertainment venues.
- Receive either a $120 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck® (through a TSA official enrollment provider) application fee, when charged to your Platinum Card®. Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.
- Shop Saks with Platinum: Get up to $100 in statement credits annually for purchases in Saks Fifth Avenue stores or at saks.com on your Platinum Card®. That's up to $50 in statement credits semi-annually. Enrollment required.
- Unlock access to exclusive reservations and special dining experiences with Global Dining Access by Resy when you add your Platinum Card® to your Resy profile.
- $695 annual fee.¤
- Terms Apply.
- APR: See Pay Over Time APR
- Foreign Transaction Fees: None
Our absolute favorite personal card for buying a car is the Amex Platinum card.
The Amex Platinum card currently comes with a huge welcome bonus and the ability to earn up to 5x points per dollar spent on flights purchased directly with the airline or at Amex Travel and prepaid hotels booked with American Express Travel.
And while your car purchase will earn 1x Membership Rewards points, the Amex Platinum card is one of the cards that are most likely to have a high enough spending limit to purchase a car.
Normal credit cards have credit limits that you can’t exceed, but the Amex Platinum card has no preset spending limit. That means your spending limit is flexible, and the amount you can spend adapts based on factors such as your purchase, payment, and credit history.
Indeed, the Amex Platinum card has been made famous for being able to put huge purchases on the card, like yachts and paintings. But one of the biggest specialty perks you’ll enjoy as an Amex Platinum cardholder is access to the American Express Auto Purchasing Program.
This program allows you to get some additional information on the car you’re interested in, find dealers that will accept your card for at least $2,000 of your purchase, and get a Guaranteed Savings Certificate that will provide you with a fair price to cut through any negotiating nonsense.
In addition to these car purchase perks, you’ll be spoiled with luxury travel and shopping perks, with up a $200 annual airline fee credit, up to $200 in annual Uber Cash, up to $100 in annual Saks Fifth Avenue credits, a TSA PreCheck or Global Entry credit, and much more.
The Amex Platinum card offers the best airport lounge access of any card, and this includes the:
- Airspace Lounges
- Centurion Lounges
- Delta Sky Clubs (when flying Delta the same day)
- Escape Lounges — The Centurion Studio Partner
- Plaza Premium Lounges
- Priority Pass lounges upon enrollment
You’ll also get complimentary Hilton Honors and Marriott Bonvoy Gold Elite status upon enrollment, access to Amex Fine Hotels & Resorts, and no foreign transaction fees (see rates & fees).
Why We Like Earning Amex Membership Rewards Points
The points you’ll earn when making purchases on the Amex Platinum card are called Membership Rewards points. They are the most valuable points according to our valuations, which will maximize the value you get from purchasing a car.
Our favorite way to redeem Amex points is to transfer them to airline and hotel partners for luxury travel in business or first class or 5-star hotels.
You can also redeem Amex points for cash-back/statement credits, travel bookings through Amex Travel, gift cards, charity, and more, but the best way to achieve maximum value with your Amex points is to use transfer partners to book travel.
Bottom Line: The Amex Platinum card is an incredible ultra-premium card jam-packed with value. It doesn’t have a preset spending limit and it offers the unique American Express Auto Purchasing Program, which could go a long way in helping you buy a car, in addition to offering 1x Membership Rewards points per dollar spent on car purchases.
2. Chase Freedom Unlimited® (Best No Annual Fee Option)
This all-purpose cash-back card offers great bonus categories, including bonus points for every purchase you make!
The Chase Freedom Unlimited® is easily one of the best cash-back credit cards on the market. There aren’t many no-annual-fee credit cards that offer multiple great bonus categories like 5% back on travel purchased through Chase, 3% back on dining and drugstore purchases, and 1.5% back on all other purchases.
When paired with other Chase cards in the Ultimate Rewards family, you can transfer that cash back into points if you wish – making it one of the most lucrative cards in your wallet.
- 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 19.99% - 28.74%.
- 5% back on travel purchased through Chase Travel℠
- 3% back on dining and drugstore purchases
- 3% foreign transaction fee
- INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
- Enjoy 6.5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
- After your first year or $20,000 spent, enjoy 5% cash back on travel purchased through Chase Travel℠, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
- No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
- Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 19.99% - 28.74%.
- No annual fee – You won't have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
- Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, alerts, and more.
- Member FDIC
- APR: 0% Intro APR for 15 months on purchases and balance transfers, then a variable APR of 19.99% - 28.74%.
- Foreign Transaction Fees: 3% of each transaction in U.S. dollars
The third-best personal credit card you should consider using to purchase a car is the Freedom Unlimited card, and it’s our only no-annual-fee personal card on this list.
The Freedom Unlimited card earns 5% on travel purchased through Chase Travel, 3% on dining and drugstores, 1.5% cash-back on all other purchases, and a 0% intro APR perk!
In addition, the Freedom Unlimited card provides purchase protection, extended warranty coverage, zero liability protection, secondary rental car insurance, and fraud alerts.
Most importantly, if you have an Ultimate Rewards card like the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve® Card, you’ll be able to convert your cash-back to Ultimate Rewards points at a ratio of 1% to 1x points.
Why We Like Earning Chase Ultimate Rewards Points
Chase Ultimate Rewards points are one of our absolute favorite types of currencies.
The best way to use Ultimate Rewards points is to transfer them to airline and hotel partners for incredible flights like Singapore Airlines First Class Suites!
You can also use your Ultimate Rewards points for cash-back, purchases at Amazon, gift cards, and travel booked through the Chase travel portal.
Without a doubt, the highest-value redemption (and the reason why we value Chase points so much) is because of the ability to transfer points to partners for luxury travel.
If you purchased a $30,000 car using the Freedom Unlimited card, you would have earned 45,000 Ultimate Rewards points, which is worth around $900, according to our valuations.
3. Capital One Venture Rewards Card
Terms Apply / Rates & FeesGet 2x miles plus some of the most flexible redemptions offered by a travel credit card!
The Capital One Venture Rewards Credit Card is one of the most popular rewards cards on the market. It’s perfect for anyone in search of a great welcome offer, high rewards rates, and flexible redemption options.
Frequent travelers with excellent credit may benefit from this credit card that offers a lot of bells and whistles. And it offers easy-to-understand rewards earning and redemption.
- 5x miles per $1 on hotels, vacation rentals, and rental cars booked through Capital One Travel
- 2x miles per $1 on all other purchases
- Up to a $120 Global Entry or TSA PreCheck application fee credit
- $95 annual fee (rates & fees)
- Limited elite benefits
- Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
- Earn unlimited 2X miles on every purchase, every day
- Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- Receive up to a $120 credit for Global Entry or TSA PreCheck®
- Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
- Enjoy a $50 experience credit and other premium benefits with every hotel and vacation rental booked from the Lifestyle Collection
- Transfer your miles to your choice of 15+ travel loyalty programs
- APR: 19.99% - 29.74% (Variable)
- Foreign Transaction Fees: None
The Capital One Venture card (rates & fees) is Capital One’s flagship rewards credit card. Recommended for those looking for great rewards without worrying about bonus categories, this card is one of the most popular cards.
This is one of the most “all-around” credit cards you can have, boasting a low annual fee, no foreign transaction fees, and the ability to earn 2x miles on every purchase, every day.
You’ll also enjoy a fantastic welcome bonus, an application fee credit for Global Entry or TSA PreCheck, purchase protection, extended warranty protection, secondary rental car insurance, zero fraud liability protection, and a slew of travel insurance perks.
And since you aren’t limited in how many miles you can earn and many cardholders get hefty credit limits, this is a great card to put your car purchase on.
Why We Like Earning Capital One Miles
We like Capital One miles because you can redeem them for numerous things, like gift cards, donations, PayPal, and our personal favorite, transferring miles to travel partners and redeeming them for business and first class travel.
If you put a $30,000 car purchase on the Capital One Venture card, you would earn 60,000 Capital One miles, which is worth around $810, according to our points and miles valuations.
3 Best Business Credit Cards for Purchasing a Car
If you’re purchasing a car for business purposes, you’ll want to make sure that the transaction is separated from your personal expenses.
That’s where business credit cards come in! Let’s take a look at our favorite business cards for purchasing a car.
1. The Business Platinum Card® from American Express
Terms Apply / Rates & FeesThis card is ideal for business travelers who enjoy luxury travel and are looking for a card loaded with benefits!
The Business Platinum Card® from American Express is a premium travel rewards card tailored toward business owners who are frequent travelers with a high number of annual expenses.
When you factor in the large number of perks that the card offers like the best airport lounge access at over 1,400 lounges, along with tons of annual credits, it’s easy to see why this card can is a top option for frequent traveling business owners.
- 5x Membership Rewards points per $1 on flights and prepaid hotels at Amex Travel
- Access to over 1,400 worldwide airport lounges as part of the American Express Global Lounge Collection
- Get 50% more Membership Rewards points (1.5 points per $1) on eligible purchases in key business categories, as well as on purchases of $5,000 or more (cap applies)
- High annual fee of $695 (rates & fees)
- Airline fee credit does not cover airfare, only incidentals like checked bags
- Welcome Offer: Earn 150,000 Membership Rewards® points after you spend $20,000 in eligible purchases on the Card within the first 3 months of Card Membership.
- 5X Membership Rewards® points on flights and prepaid hotels on AmexTravel.com, and 1X points for each dollar you spend on eligible purchases.
- Earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more, on up to $2 million per Card Account per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus.
- Unlock over $1,000 in statement credits on select purchases, including tech, recruiting and wireless in the first year of membership with the Business Platinum Card®. Enrollment required. See how you can unlock over $1,000 annually in credits on select purchases with the Business Platinum Card®, here.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to the Card.
- $199 CLEAR® Plus Credit: Use your card and get up to $199 in statement credits per calendar year on your CLEAR® Plus Membership (subject to auto-renewal) when you use the Business Platinum Card®.
- The American Express Global Lounge Collection® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market as of 03/2023.
- $695 Annual Fee.
- Terms Apply.
- APR: 18.99% - 27.99% Variable
- Foreign Transaction Fees: None
Our top business card to purchase a car is the Amex Business Platinum card — it’s similar to the Amex Platinum card but there’s 1 key benefit that actually makes this version the better card to purchase a car.
The Amex Business Platinum card comes with the oh-so-important earning of 1.5x points on eligible purchases in key business categories, as well as on purchases of $5,000 or more everywhere else (up to $2 million in purchases per calendar year).
Additionally, this card doesn’t have a preset spending limit, just like the Amex Platinum card, so you should have no problem getting a large transaction approved. Your spending limit is flexible, and the amount you can spend adapts based on factors such as your purchase, payment, and credit history.
You’ll also earn 5x points on flights and prepaid hotels at Amex Travel. Remember, you’ll get access to the American Express Global Lounge Collection, which includes:
- Centurion Lounges
- Delta Sky Clubs (when flying Delta the same day)
- Escape Lounges — The Centurion Studio Partner
- International American Express Centurion Lounges
- Plaza Premium Lounges
- Priority Pass lounges upon enrollment
- Select Lufthansa Lounges
- Select Virgin Clubhouse Lounges
You’ll also enjoy access to Fine Hotels & Resorts, up to $200 annual airline fee credit, Marriott Bonvoy and Hilton Honors Gold status upon enrollment, up to $400 in statement credits for Dell purchases in the U.S. every year, a Global Entry or TSA PreCheck application fee statement credit, and more.
2. Ink Business Unlimited® Credit Card
The Ink Business Unlimited card is a stellar option for business owners looking for a no-fuss uncapped 1.5% cash-back card without an annual fee.
As a business owner, you likely keep pretty busy and probably prefer a credit card that just keeps things simple.
If so, the Ink Business Unlimited® Credit Card might be just the card for you. From zero annual fee to a flat cash-back rate, the card is a no-frills option that you don’t have to think twice about.
Don’t forget too, 0% intro APR on purchases for 12 months; variable 17.99% - 23.99% thereafter
- 1.5% cash-back on all purchases
- No annual fee
- 0% intro APR on purchases for 12 months; variable 17.99% - 23.99% thereafter
- 3% foreign transaction fee
- Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- 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.
- 0% introductory APR for 12 months on purchases
- Member FDIC
- APR: 0% intro APR on purchases for 12 months; variable 17.99% - 23.99% thereafter
- Foreign Transaction Fees: 3% of each transaction in U.S. dollars
The Ink Business Unlimited card is essentially the “business version” of the Freedom Unlimited card. This card excels in offering unfussy rewards on all your purchases, including car purchases.
You’ll start off by earning a hefty welcome bonus when you sign up for the card and meet the spending requirements. Then, you’ll earn a flat 1.5% cash-back on all purchases with no caps.
This card offers an introductory 0% APR benefit, which can help you pay off your balances gradually without accruing interest – but of course make sure to pay off the full balance before that 0% interest period expires to avoid hefty interest rates.
If you have an Ultimate Rewards credit card like the Chase Sapphire Preferred card or the Chase Sapphire Reserve card, 1.5% cash-back can be converted to 1.5x Chase Ultimate Rewards points, effectively doubling your return on spend.
Other important benefits of the Ink Business Unlimited card are employee cards for no additional fee, primary rental car insurance, zero liability fraud coverage, purchase protection, and extended warranty protection.
3. The Blue Business® Plus Credit Card from American Express
Terms Apply / Rates & FeesEarn Membership Rewards for your business spending the easy way: get 2x points for the first $50,000 in purchases per year.
As a business owner, getting a credit card that maximizes each dollar you spend does not have to be complicated or expensive. Especially when you opt for The Blue Business® Plus Credit Card from American Express.
With the Amex Blue Business Plus card, you’ll earn 2x Membership Rewards points on everyday business purchases throughout the year (up to $50,000; 1x thereafter) and receive purchase protections and no-additional-charge employee cards all for no annual fee (see rates and fees).
The simple and straightforward earning structure makes it a great fit for those looking to earn flexible rewards, without having to fixate on which purchases earn the most points.
Let’s take look at all that the Amex Blue Business Plus card has to offer.
- 2x Membership Rewards points per $1 on everyday business purchases (up to $50,000; 1x thereafter)
- Purchase protection and extended warranty protection
- No annual fee and employee cards at no additional cost
- No unique bonus categories and 2x earnings are capped at $50,000 in annual spend
- No elite travel benefits like lounge access or elite status
- Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.99% - 25.99%, based on your creditworthiness and other factors at account opening. APR will not exceed 29.99%
- Earn 2X 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. Terms and limitations apply.
- You’ve got the power to spend beyond your credit limit* with Expanded Buying Power. *The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply.
- APR: 17.99% - 25.99% Variable,0% on purchases for 12 months from date of account opening
- Foreign Transaction Fees: 2.7% of each transaction after conversion to US dollars.
The Amex Blue Business Plus card is a fantastic business credit card to consider putting your car purchase on. Here’s why: you will earn a straightforward 2x Amex Membership Rewards points on the first $50,000 on everyday business purchases every year and 1x points after that. There’s no need to pay attention to bonus categories with this card.
This credit card comes with a 0% introductory APR benefit, as shown in the table above, that you can take advantage of to avoid interest payments.
As long as your car purchase is $50,000 or less, you can easily maximize the 2x categories on the Amex Blue Business Plus card, netting you a return of around 4.4% back!
For example, if you spend $30,000 with this card, you’d earn 60,000 Amex Membership Rewards points, which is worth around $1,320, according to our valuations.
Final Thoughts
When it comes to buying a car, you’ll want to make sure that the card you have has a sufficient credit limit or spending limit (in the case of Amex charge cards).
In addition, the best rewards you’ll earn are those that offer the most valuable points (e.g. Amex Membership Rewards, Chase Ultimate Rewards, and Capital One miles).
Lastly, you’ll want to make sure that you’re using a consumer card if you’re purchasing a car for personal use and a business card if you’re purchasing a car for business use.
You’re now equipped with the information you need to be educated on how to purchase a car with a credit card.
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
The information regarding the Capital One Venture Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
For rates and fees of The Platinum Card® from American Express, click here.
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