Best Credit Card to Use With Shopify in 2024 (Maximize Your Rewards)

Are you looking for the best credit card to use with Shopify in 2024?

In this article, we will discover the best credit card to use with Shopify to maximize rewards, cashback, and benefits for your online store.

Running a Shopify store comes with a lot of responsibilities—managing inventory, handling customer service, and of course, keeping an eye on your finances. One way to make your money work harder for you is by using the right credit card. With the right card, you can earn valuable rewards like cashback, miles, or points that can be reinvested into your business or used for personal benefits. In this guide, we’ll explore the best credit cards for Shopify store owners in 2024 and help you choose the one that fits your needs.

Why Credit Card Rewards Matter for Shopify Store Owners

When you’re running an online business, every dollar counts. Credit card rewards are more than just perks—they’re a way to offset costs and improve your cash flow. Whether it’s earning cashback on every purchase, collecting miles for future travel, or accumulating points that can be redeemed for business essentials, credit card rewards can provide a significant financial advantage.

Here’s why they’re great for Shopify store owners:

Offset Business Expenses: Cashback directly reduces what you owe, helping you save on everyday business purchases.

Manage Cash Flow: Credit cards allow you to better manage your monthly expenses, giving you more flexibility.

Earn While You Spend: The more you spend on your business, the more rewards you earn, making your money work harder for you.

Best Cashback Credit Cards for Shopify

Cashback cards are a favorite among business owners because they offer immediate value. Here are some of the top cashback credit cards to consider:

1. Chase Ink Business Cash℠ Credit Card

Rewards: 5% cashback on office supplies, internet, cable, and phone services; 2% at gas stations and restaurants.
Annual Fee: $0
Ideal For: Shopify owners with significant operational expenses.

2. American Express Blue Business Cash™ Card

Rewards: 2% cashback on all eligible purchases up to $50,000 per year.
Annual Fee: $0
Ideal For: Moderate spenders looking for a simple, flat-rate cashback card.

3. Citi Double Cash Card

Rewards: 2% on every purchase (1% when you buy, 1% as you pay).

Annual Fee: $0

Ideal For: Those who prefer a straightforward, no-nonsense cashback structure.

Best Miles Credit Cards for Shopify

If you travel frequently or plan to, miles credit cards can help you turn your business expenses into free or discounted trips. Here are some of the best miles credit cards for Shopify store owners:

1. Citi Rewards+® Card

Rewards: 4 miles per $1 on online spending.
Annual Fee: $0
Ideal For: Shopify owners who make a lot of online purchases and want to earn travel rewards.

2. HSBC Revolution Credit Card

Rewards: 4 miles per $1 on online spending.
Annual Fee: $0
Ideal For: Business owners who want to maximize their miles for travel perks.

3. American Express® Business Gold Card

Rewards: 4X points on the two select categories where your business spends the most.
Annual Fee: $295
Ideal For: High spenders who want to earn maximum rewards in key business areas.

Best Business Credit Cards for Shopify Owners

Business credit cards offer rewards tailored specifically for business expenses. If you’re spending a lot on advertising, shipping, or office supplies, these cards might be a great fit:

1. Chase Ink Business Unlimited℠ Credit Card

Rewards: 1.5% cashback on every purchase.
Annual Fee: $0
Ideal For: Businesses with varied expenses that don’t fit into specific categories.

2. Capital One Spark Cash for Business

Rewards: Unlimited 2% cashback on every purchase.
Annual Fee: $0 for the first year, then $95
Ideal For: Businesses with high spending across multiple categories.

How to Choose the Right Credit Card for Your Shopify Store

Choosing the right credit card for your Shopify store isn’t just about picking the one with the highest rewards—it’s about finding the card that aligns with your business’s unique spending habits and financial goals. Here’s a more in-depth look at the key factors you should consider when selecting the perfect credit card for your Shopify business:

1. Identify Your Spending Categories

The first step in choosing the right credit card is to understand where your money goes. Take a close look at your business expenses over the past few months. Do you spend a lot on online advertising? Are office supplies a significant part of your budget? Do you often pay for shipping and logistics? Different credit cards offer varying levels of rewards depending on the spending category, so knowing where your money is spent will help you pick a card that maximizes rewards.

For example:

Online Advertising: Some business credit cards offer higher cashback or points for digital advertising expenses, which can be incredibly valuable for Shopify store owners focused on growth.

Office Supplies and Equipment: If your business regularly purchases office supplies or tech equipment, a card that offers extra rewards in these categories can help you save significantly.

Shipping and Logistics: Many Shopify store owners spend a lot on shipping. If this is true for you, look for a card that rewards you for these types of expenses.

2. Consider Annual Fees vs. Rewards

Not all rewards cards are created equal—some come with no annual fees, while others charge a fee but offer more substantial rewards. The key is to calculate whether the rewards you’ll earn will outweigh the cost of the fee.

No Annual Fee Cards: These cards are great if your spending is moderate, and you prefer not to pay extra just to have the card. They typically offer straightforward rewards like flat-rate cashback on all purchases.

Cards with Annual Fees: Cards with fees often provide higher reward rates or additional perks like travel insurance, purchase protection, or bonus points. If your business spends a lot in specific categories or if you can take advantage of the extra perks, a card with an annual fee might be more valuable.

Pro Tip: If you’re just starting or have a smaller business, it might be wise to start with a no-fee card and then upgrade to a fee-based card as your business grows and your expenses increase.

3. Analyze Your Business Size and Growth Plans

The size of your business and your future growth plans play a crucial role in determining the right credit card. For instance:

Small Businesses or Startups: If you’re running a smaller operation, you might not need the complex rewards structures offered by premium cards. A simple cashback card with no annual fee can provide immediate value and help you manage your expenses effectively.

Growing Businesses: If your Shopify store is expanding and your monthly expenses are increasing, a card with higher rewards rates and additional perks (even with an annual fee) might be worth it. These cards often offer bonuses in categories that align with your business needs, such as digital advertising or travel, which can help support your growth.

Established Businesses: For larger, established businesses with consistent high spending, consider premium cards that offer extensive rewards, business tools, and services like employee cards, higher credit limits, and comprehensive travel benefits.

4. Evaluate Additional Card Benefits

Beyond the rewards, many credit cards come with additional benefits that can be particularly useful for Shopify store owners. Here are a few extras to consider:

Introductory APR Offers: Some cards offer a 0% APR for the first 12 to 18 months, which can be incredibly beneficial if you need to make large purchases upfront or if you want to pay down existing business debt without incurring interest.

Purchase Protection: This can be crucial for expensive equipment or inventory, providing coverage if items are damaged or stolen within a certain period after purchase.

Travel Perks: If you travel for business, look for cards that offer travel insurance, airport lounge access, or no foreign transaction fees. These perks can save you money and enhance your travel experience.

Employee Cards: Some business credit cards offer free employee cards with customizable spending limits. This feature allows you to delegate purchasing power while maintaining control over your business’s spending.

5. Align the Card with Your Business Goals

Finally, make sure the card you choose supports your broader business objectives. For example:

Maximizing Savings: If your goal is to save as much money as possible, look for cards with the highest cashback rates and no annual fees.

Earning Travel Rewards: If you want to use business expenses to earn free travel, focus on miles or points cards that offer generous travel rewards.

Building Business Credit: If building or improving your business credit is a priority, choose a card that reports to business credit bureaus and offers tools to help you manage and track your credit.

Learn more: Best websites to buy prebuilt shopify store in 2024 (Start Selling Today)

Conclusion

Selecting the right credit card can make a big difference in your Shopify store’s financial health. Whether you’re looking to earn cashback, accumulate miles, or simply streamline your business expenses, there’s a card out there that’s right for you. Consider your spending habits, business needs, and the types of rewards you value most. By choosing the right card, you can maximize your rewards and give your business the financial edge it needs to succeed in 2024.

Best Credit Card to Use With Shopify in 2024 (Maximize Your Rewards)