Published By Janet Gershen-Siegel at November 28th, 2018
The best business travel rewards credit card can be yours – and you can keep your business going with it! Per the SBA, small business credit card limits are 10 – 100 times those of personal cards! This shows you can get a lot more money with business credit.
And it also means you can have personal charge cards at retail stores. You would also now have an alternate card at the same stores for your business.
And you won’t have to provide collateral, cash flow, or financial information to get small business credit.
Benefits vary, so make sure to choose the benefit you prefer from this array of choices.
For Travel Points, we have a preference for the Gold Delta SkyMiles Business Credit Card from American Express. Get 30,000 bonus miles. But that is after you make $1,000 in purchases on your new card. And it is within your very first three months. Terms and limitations apply.
In addition earn a $50 statement credit. But that is after you make a Delta purchase with your new card. And it must be during your first three months.
Earn two miles per dollar spent on purchases made straight with Delta. And earn one mile on each qualifying dollar spent on purchases.
Check out the Business Platinum Card from American Express. Travel benefits including access to these airport lounge networks:
You also get Gold Status when you register for the Starwood Preferred Guest program. There is also a $200 annual air travel fee credit. There is a $100 credit towards the Global Entry application fee. And this includes access to TSA PreCheck program.
You get one point for every dollar spent on the majority of purchases. And you get 1.5 times the points on charges of $5,000 or more. But that is on qualified purchases. And it is up to one million more points annually.
You get five points per dollar spent buying flights and prepaid hotels from the American Express Travel web site.
Also, make sure to check out the Ink Business Preferred Card from Chase. Earn 80,000 bonus points once you spend $5,000 on purchases. But these are within your initial three months from account opening.
Earn three points per dollar. So this is on the first $150,000 spent in combined purchases. And it must be on travel, shipping purchases, internet, and cable and phone. It can also be on advertising purchases made with social media sites and search engines each account anniversary year.
Earn one point per dollar on all other purchases. There is no cap to the amount you can earn.
Take a look at the Business Gold Rewards Card from American Express OPEN. You can earn 50,000 Membership Rewards points. But that is after $5,000 in purchases on the card. And that is within first three months.
You get three points on your choice of five categories. And get two times the points on the other categories. Also, get one point per dollar on all other purchases.
It has a $0 yearly fee for the first year. But after that your annual fee climbs to $175.
Also, take a look at the Business Platinum ® Card from American Express OPEN. You can earn as many as 75,000 Membership Rewards points. But that is upon account opening.
You can also earn 50,000 Membership Rewards points. But that is subsequent to spending $10,000.
And get an extra 25,000 points. But this is after spending an additional $10,000 all on qualified purchases. And it is during the initial three months.
Plus you can get five times the Membership Rewards points on flights and prepaid hotels on amextravel.com. But it has a $450 annual fee.
Other card types might be a good idea even if they aren’t specifically for travel. Here are some of our favorites.
Take a look at the SimplyCash Plus Business Credit Card from American Express. You can earn up to $400 cash back. Earn a $200 statement credit. But that is after spending $5,000.
You get 5% cash back at US office supply stores and on wireless phone services. But they must be bought straight from US service providers. So this applies to the first $50,000 of yearly spending.
You also get 3% cash back on spending category of your choice. And this is from eight separate categories. So these include air travel, gas, and advertising and computer purchases. And this applies to the first $50,000 of yearly spending. In addition you get 1% cash back on all other purchases.
Also, take a look at the Bank of America Business Advantage Cash Rewards MasterCard Credit Card. With it, you can earn a $200 statement credit. But that is after $500 in purchases. And it is within 60 days of account opening.
You also get 3% cash back. And it is on purchases at filling stations and office supply stores. So this is as much as $250,000 annually.
And you get 2% cash back on purchases at eateries. Also, get 1% cash back on all purchases. There is no annual fee. It is available to applicants with exceptional credit. You can only redeem your cash back in $25 increments.
In addition, take a look at the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases. So this is without limits.
New cardholders can also get a $200 cash bonus. But this is as soon as they spend $3,000 on new purchase. And it is within three months of account opening.
New customers also get introductory APR of 0% on purchases. So that is for nine months. There is no annual fee.
For a 0% APR time period, we prefer the Ink Business Cash ℠ Credit Card. You pay no yearly fee. It’s got an interest-free period.
And it has versatile cash-back rewards. There are spending limits for your employees. But you will need a credit score of 690 or better.
For an introductory 0% APR period, we also like the Blue Business ℠ Plus Credit Card from American Express. It has an introductory 0% APR for 15 Months.
You can earn double points on daily company expenses up to annual cap. The standard APR is 12.24%– 20.24%. So the APR is variable.
Get it here: https://creditcard.americanexpress.com/blue/
For Low APR/Balance Transfers Business Credit Cards, we prefer the U.S. Bank Business Edge Platinum.
You start off with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer cost. Afterwards, the purchase APR is a variable 10.49%– 18.49%. So this depends on creditworthiness.
There is no yearly fee. This card is solely available to people with great or exceptional credit. But there is no rewards program for purchases.
Also, have a look at the Blue Business Plus Credit Card from American Express. It has a 15-month introductory 0% APR offer.
There is no yearly fee. Right now businesses can get double points on the initial $50,000 in purchases every year.
Get it here: https://creditcard.americanexpress.com/blue/
Take a look at the Wells Fargo Business Secured Credit Card. It enables cardholders to obtain a credit limit of $500– $25,000. The amount available is the same as the amount of cash you furnish to secure the line.
Your purchase APR rate can be as low as a variable 13.15%. The annual fee is $25. But the more cards you have the higher your annual fee is going to be.
This card allows company owners with bad personal credit to get a card to make purchases and develop business credit. But the card will only report to the personal credit bureaus if you default or are late on payments.
Your best corporate credit cards are based upon your credit history and scores. Only you can figure out which benefits you want and need, so be sure to do your research.
And, as always, make certain to build credit in the established order for the highest, fastest benefits.