A couple of years ago, I was in the market for a business credit card, so I applied for an American Express card that was offering a $250 signup bonus (sadly, that offer has long since expired). While this card was perfectly serviceable, I occasionally run into places that wouldn’t accept AmEx, and I also wasn’t crazy about the $125 annual. I ultimately cancelled it.

After that, I applied for a Discover Business card. I was once again enticed by a generous signup bonus, but I ultimately ran into similar problems regarding card acceptance. There are a few key places around town that won’t accept anything but Visa or MasterCard. Thus, I’m once again in the market for a business credit card.

Features of the ideal business credit card

My needs are simple. I want a cheap, widely accepted card — thus, I’m looking for a Visa or MasterCard. I also don’t carry a balance, so the APR is a non-issue. I’m more interested the annual fee (or lack thereof). Rewards are great, but my business expenses aren’t actually that high, so they’re not a huge deal.

The best business credit card — for me

As of right now, the most attractive business credit card out there for my needs appears to be the new AT&T Universal Business Rewards credit card from Citi. Most importantly, this is a Visa card and there’s no annual fee. The rewards also match up fairly well with my relatively meager spending.

For example, I’ll get 5 ThankYou points for every dollar spend on AT&T products/services (currently DSL and phone; also considering an iPhone) as well as 3 ThankYou points per dollar spent at gas stations, office supply stores, and on professional services (like legal and accounting). All other purchases qualify for one point per dollar spent. While points aren’t quite as good as cash, I can trade them in for gift cards at stores that we frequent.

Oh, and for those that are looking for a bit of interest-free financing, there’s a six month introductory period with 0% APR on purchases.