5 best credit cards for nonprofits

UseAllot Edtor
16 Min Read

Nonprofit organizations face unique financial challenges, from managing tight budgets to ensuring transparency in spending. Choosing the right credit card can help nonprofits streamline expenses, earn valuable rewards, and access tools that simplify financial management. In this article, we’ll explore the five best credit cards for nonprofits , highlighting their features, benefits, and how they can support your organization’s mission.


1. American Express Business Gold Card

The American Express Business Gold Card is a versatile option for nonprofits looking to maximize rewards while managing everyday expenses. With its flexible rewards structure and robust expense management tools, this card is an excellent choice for organizations with diverse spending habits.

Key Features:

  • Rewards Program : Earn points on eligible purchases, with higher rewards in select categories like advertising, shipping, and travel.
    • 2x Points : On the two categories where your organization spends the most each month (up to $150,000 per year). For example, if your nonprofit frequently spends on advertising and office supplies, you’ll earn double points in those areas.
    • 1x Points : On all other purchases.
  • No Pre-Set Spending Limit : This feature allows flexibility for larger expenses, which is ideal for fundraising events or bulk purchases. The limit adjusts based on your organization’s spending patterns and payment history.
  • Membership Rewards : Points can be redeemed for travel, gift cards, or statement credits. You can also transfer points to partner airlines and hotels for even greater value.

Additional Benefits:

  • Travel Perks : Includes access to Delta Sky Clubs when flying Delta and complimentary Boingo Wi-Fi, making it easier for staff traveling for conferences or donor meetings.
  • Employee Cards : Add up to 99 employee cards at no additional cost, making it easier to manage team expenses. Each cardholder can have customized spending limits.
  • Expense Management Tools : Amex offers robust reporting tools to track spending and simplify accounting. Features include downloadable statements, real-time alerts, and integration with popular accounting software like QuickBooks.

Why It’s Ideal for Nonprofits:

  • Flexible Rewards : Nonprofits often have fluctuating spending patterns, and the ability to earn bonus points in top-spending categories ensures maximum value.
  • High Spending Limits : Large purchases, such as event sponsorships or equipment rentals, won’t trigger declined transactions due to low credit limits.
  • Transparency : Detailed reporting helps board members and donors see exactly how funds are being spent, fostering trust and accountability.

“The American Express Business Gold Card is perfect for nonprofits that want to earn rewards while maintaining control over their finances.”


2. Chase Ink Business Preferred® Card

The Chase Ink Business Preferred® Card is an excellent choice for nonprofits that frequently spend on travel, office supplies, and digital marketing. Its generous rewards program and travel perks make it a standout option for organizations with varied needs.

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Key Features:

  • Rewards Program : Earn 3x points on the first $150,000 spent annually in combined categories:
    • Travel : Flights, hotels, and car rentals for staff attending conferences or donor events.
    • Shipping : Perfect for nonprofits sending materials or products nationwide.
    • Internet, Cable, and Phone Services : Essential utilities for remote work and communication.
    • Advertising Purchases Made with Social Media Platforms and Search Engines : A boon for nonprofits running online fundraising campaigns.
  • Sign-Up Bonus : New cardholders can earn a substantial bonus after meeting the minimum spending requirement within the first three months. For example, spending $15,000 in the first three months could net you 80,000 bonus points.
  • Points Redemption : Points are worth 25% more when redeemed for travel through Chase Ultimate Rewards. For instance, 60,000 points could be worth $750 in travel instead of $600.

Additional Benefits:

  • Primary Rental Car Insurance : Provides coverage for theft and damage to rental cars, sparing nonprofits from purchasing expensive waivers. This is especially useful for staff traveling to remote locations for outreach programs.
  • No Foreign Transaction Fees : Ideal for international missions or partnerships. Whether your team is attending a global summit or working abroad, you won’t incur unnecessary fees.
  • Purchase Protection : Covers eligible items against theft or damage for up to 120 days. For example, if a laptop purchased for a new hire is stolen, you can file a claim for reimbursement.

Why It’s Ideal for Nonprofits:

  • Generous Rewards : The 3x points in key categories align perfectly with common nonprofit expenses, maximizing earnings.
  • Travel Flexibility : Primary rental car insurance and no foreign transaction fees make this card a must-have for organizations with global operations.
  • Bonus Potential : The sign-up bonus provides immediate value, which can be reinvested into the organization’s mission.

“With its generous rewards structure and travel perks, the Chase Ink Business Preferred® Card is a top pick for nonprofits with diverse spending habits.”


3. Capital One Spark Cash for Business

The Capital One Spark Cash for Business card is a straightforward option for nonprofits seeking simplicity and consistent cashback rewards. Its flat-rate cashback structure eliminates the need to track spending categories, making it an easy-to-use solution for busy teams.

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Key Features:

  • Flat Cashback Rate : Earn 2% cashback on every purchase, with no category restrictions. Whether you’re buying office supplies or booking flights, you’ll always earn the same rate.
  • Sign-Up Bonus : Receive a lump sum cashback reward after reaching the spending threshold within the first few months. For example, spending $4,500 in the first three months could earn you $500 cashback.
  • Unlimited Earnings : There’s no cap on the amount of cashback your organization can earn, ensuring long-term value.

Additional Benefits:

  • Employee Cards : Add unlimited employee cards at no extra cost, helping you manage team spending efficiently. Each cardholder can have individual spending limits.
  • No Foreign Transaction Fees : Perfect for global outreach programs or international conferences. Whether you’re funding a project in Africa or attending a summit in Europe, you won’t pay extra fees.
  • Integration with Accounting Software : Syncs seamlessly with QuickBooks and other platforms for easy expense tracking. This simplifies audits and financial reporting.

Why It’s Ideal for Nonprofits:

  • Simplicity : The flat-rate cashback structure requires no strategizing, making it easy for small teams to use effectively.
  • Cost-Effectiveness : No annual fee and no foreign transaction fees make this card budget-friendly.
  • Scalability : Unlimited cashback and employee cards ensure the card grows with your organization.

“The Capital One Spark Cash for Business card is ideal for nonprofits that prioritize simplicity and consistent rewards without worrying about bonus categories.”


4. U.S. Bank Business Platinum Card

The U.S. Bank Business Platinum Card is a budget-friendly option for smaller nonprofits or those just starting out. Its introductory APR offer and cashback program provide significant value without breaking the bank.

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Key Features:

  • Introductory APR Offer : Enjoy 0% APR on purchases for the first nine billing cycles, allowing your organization to make large purchases interest-free. This is particularly useful for funding capital projects or covering seasonal expenses.
  • Cashback Program : Earn 2% cashback on eligible purchases after spending $6,000 annually; otherwise, earn 1%. While modest, the cashback adds up over time.
  • No Annual Fee : A rare find among business credit cards, making it cost-effective for nonprofits operating on tight budgets.

Additional Benefits:

  • Cell Phone Protection : Reimbursement for cell phone repairs or replacements due to damage or theft (up to $1,000 annually). Simply pay your monthly phone bill with the card to activate this benefit.
  • Free Employee Cards : Add as many employee cards as needed without additional charges. Each card can have customized spending limits.
  • Customizable Alerts : Set up alerts for spending limits, payment due dates, and suspicious activity. These notifications help prevent overspending and fraud.

Why It’s Ideal for Nonprofits:

  • Budget-Friendly : The lack of an annual fee and 0% introductory APR make this card accessible for smaller organizations.
  • Practical Perks : Cell phone protection and customizable alerts add value without increasing costs.
  • Flexibility : The ability to add multiple employee cards ensures everyone has access to necessary funds.

“The U.S. Bank Business Platinum Card is an excellent choice for nonprofits seeking low-cost options with practical perks.”


5. Brex Card for Startups

While primarily designed for startups, the Brex Card for Startups has become increasingly popular among nonprofit organizations, particularly those focused on innovation and technology. Its dynamic credit limits and advanced financial tools cater to forward-thinking nonprofits.

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Key Features:

  • No Personal Guarantee Required : Unlike traditional business cards, Brex doesn’t require a personal guarantee, reducing liability for board members. Instead, credit limits are determined by your organization’s cash balance.
  • High Credit Limits : Offers dynamic credit limits based on your organization’s cash balance rather than credit score. This ensures you always have access to sufficient funds for large-scale initiatives.
  • Rewards Program : Earn points on every dollar spent, redeemable for statement credits or travel. Categories like software subscriptions and cloud services earn higher rewards, aligning with tech-focused nonprofits.

Additional Benefits:

  • Built-In Expense Management : Real-time tracking and automated receipt matching simplify bookkeeping. Employees can upload receipts directly via the mobile app.
  • Integration with Financial Tools : Syncs with platforms like QuickBooks, Expensify, and NetSuite for streamlined accounting. This reduces manual data entry and minimizes errors.
  • Fraud Protection : Advanced security measures protect against unauthorized transactions. Features include two-factor authentication and instant freeze capabilities.

Why It’s Ideal for Nonprofits:

  • High Limits : Dynamic credit limits ensure you’re never short on funds for critical projects.
  • Tech-Friendly Rewards : Higher rewards for software and cloud services benefit tech-driven nonprofits.
  • Advanced Tools : Built-in expense management and integrations save time and improve accuracy.

“The Brex Card for Startups is ideal for tech-savvy nonprofits that need high credit limits and advanced financial tools.”


How to Choose the Right Credit Card for Your Nonprofit

Selecting the best credit card for your nonprofit depends on several factors:

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1. Spending Habits

  • If your organization spends heavily on travel or advertising, consider cards like the Chase Ink Business Preferred® Card or American Express Business Gold Card .
  • For consistent spending across all categories, the Capital One Spark Cash for Business offers simplicity and reliability.

2. Budget Constraints

  • Smaller nonprofits may benefit from cards with no annual fee, such as the U.S. Bank Business Platinum Card .
  • Larger organizations might prefer premium cards with higher rewards and benefits, even if they come with an annual fee.

3. Financial Goals

  • If earning rewards is a priority, focus on cards with generous sign-up bonuses and redemption options.
  • For nonprofits prioritizing expense management, look for cards with robust reporting tools and integrations.

Tips for Maximizing Your Nonprofit’s Credit Card Benefits

To get the most out of your chosen credit card, follow these tips:

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  1. Track Expenses Regularly : Use the card issuer’s app or integrate with accounting software to monitor spending in real time.
  2. Redeem Rewards Strategically : Maximize the value of your points or cashback by redeeming them for travel, statement credits, or charitable donations.
  3. Train Staff on Proper Usage : Ensure employees understand the card’s policies and how to use it responsibly.
  4. Review Statements Monthly : Catch any discrepancies or unauthorized charges early.
  5. Leverage Sign-Up Bonuses : Plan major purchases around the card’s introductory period to qualify for bonuses.

Frequently Asked Questions (FAQs)

  1. Can nonprofits apply for business credit cards?
    • Yes, nonprofits qualify for business credit cards by providing their Employer Identification Number (EIN) instead of a Social Security Number.
  2. Do business credit cards affect personal credit scores?
    • Most business credit cards don’t impact personal credit unless the account holder personally guarantees the debt.
  3. Are there cards specifically designed for nonprofits?
    • While there are no cards exclusively for nonprofits, many business cards cater to their needs effectively.
  4. What happens if my nonprofit exceeds its credit limit?
    • Over-limit fees may apply, but some issuers offer dynamic credit limits based on cash flow, like Brex.
  5. Can I use my nonprofit’s credit card for international purchases?
    • Yes, but ensure the card has no foreign transaction fees to avoid unnecessary charges.
  6. How do I build credit for my nonprofit?
    • Make timely payments and keep utilization low to establish a strong credit profile.
  7. Are employee cards free?
    • Most business cards offer free employee cards, though some may charge for additional features.
  8. Can I earn rewards on tax-deductible expenses?
    • Yes, rewards earned on eligible purchases are not taxable and can supplement your nonprofit’s budget.
  9. What documentation is required to apply?
    • Typically, you’ll need your EIN, proof of revenue, and organizational details.
  10. How long does approval take?
    • Approval times vary but typically range from a few minutes to a few weeks, depending on the issuer.
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