For businesses, the financial institution behind a credit card can play an important role in everything from day-to-day spending to cash flow management and rewards. Javelin Strategy & Research data reveals which issuers have the strongest presence among business credit cardholders. American Express leads the field, followed closely by Bank of America and Chase, while Capital One and Wells Fargo round out the top five issuers. The results provide a snapshot of the competitive landscape for business credit cards and the institutions businesses are turning to for their credit needs.
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Data for today’s episode is provided by Javelin Strategy & Research’s Report: Small Business Credit Cards: A $1 Trillion Opportunity for Issuers, Networks, and Fintechs
Business Credit Card Issuers
- 38% – American Express
- 33% – Bank of America
- 29% – Chase
- 24% – Capital One
- 18% – Wells Fargo
Source: Javelin North American Payments Insights (2025)
About Report
The small business credit card market is becoming an increasingly important area of competition across the financial services industry. With Javelin Strategy & Research projecting transaction volume to exceed $1 trillion in 2027, issuers have a significant opportunity to serve a diverse customer base that includes independent entrepreneurs as well as larger, more sophisticated businesses. However, providers are approaching that opportunity differently, creating a widening gap between issuers with tailored card portfolios and those offering more standardized products.
Javelin’s research explores how major issuers are positioning themselves as the market develops, including the strategies and card offerings shaping competition. Drawing on insights from the Javelin Small Business Card Bench, the report evaluates key elements of leading credit card programs, including pricing, rewards, fees, and account terms. It also considers major developments that could reshape the market, associated risk considerations, and opportunities for providers to integrate business cards more closely with a broader range of financial products and services.
