Published By Janet Gershen-Siegel at January 13th, 2019
We looked at a ton of small business credit cards, looking for the best corporate credit card for travel. And more! We did the research for you. So here are our favorites.
Per the SBA, company credit card limits are a whopping 10 – 100 times that of personal cards!
This shows you can get a lot more money with small business credit. And it also means you can have personal credit cards at stores. So you would now have a second card at the same shops for your business.
And you won’t need collateral, cash flow, or financials in order to get business credit.
Benefits vary. So make certain to pick the reward you prefer from this collection of possibilities.
For a 0% APR time period, we like the Ink Business Cash ℠ Credit Card. Also, you pay no annual fee. It’s got an interest-free time period. It has versatile cash-back rewards. There are spending limits for employees. But you will have to have a credit score of 690 or higher.
For an introductory 0% APR time period, we also prefer the Blue Business ℠ Plus Credit Card from American Express. So it has an introductory 0% APR for 15 Months. Also, you can earn double points on typical business expenses up to a yearly limit. But the standard APR is 12.24% – 20.24%. So this APR is variable.
Get it here: https://creditcard.americanexpress.com/blue/
For Fair Credit, we like the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards. But you will need a credit score of 690 or higher.
But BEAR IN MIND: the ongoing APR is 23.99% variable APR.
For Travel Points, we like the Gold Delta SkyMiles Business Credit Card from American Express. Get 30,000 bonus miles. But this is after you make $1,000 in purchases on your new card. And it is during your first three months. Terms and limitations apply.
Also earn a $50 statement credit. But this is after you make a Delta purchase with your card. And it is in your first 3 months. Earn two miles per dollar spent on purchases made directly with Delta. Also, earn one mile per eligible 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 yearly air travel fee credit.
There is a $100 credit towards the Global Entry application fee, which includes access to TSA PreCheck program. And you also get one point for every dollar spent on most purchases.
Also, you get 1.5 times the points. But this is on charges of $5,000 or more. And it is on qualifying purchases. But this is up to one million added points yearly. Get five points per dollar. But this is for spending flights and prepaid hotels from the American Express Travel web site.
Also, be sure to take a look at the Ink Business Preferred Card from Chase. Get 80,000 bonus points. But this is once you spend $5,000 on purchases. And it is in your first three months from account opening.
Earn three points per dollar. But this is on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, and cable and phone. It is also on advertising purchases made with social media sites and search engines. But this is for each account anniversary year.
Also, earn one point per dollar on all other purchases. There is no restriction to the amount you can earn.
For Low APR/Balance Transfers Business Credit Cards, we like the U.S. Bank Business Edge Platinum. So you start off with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer cost.
Thereafter, the purchase APR is a variable 10.49% – 18.49%. And this depends on creditworthiness. There is no annual fee. But this card is solely available to people with great or outstanding credit. But there is no rewards program for purchases.
Also, take a look at the Blue Business Plus Credit Card from American Express. It has a 15-month initial 0% APR offer. There is no annual fee.
Right now small businesses can get double points. But this is on the first $50,000 in purchases every year.
Get it here: https://creditcard.americanexpress.com/blue/
Check out the Wells Fargo Business Secured Credit Card. It enables cardholders to get a credit limit of $500 – $25,000. The amount offered is the same as the amount of money you provide to secure the line.
Your purchase APR rate can be as low as a variable 13.15%. And the annual fee is $25. But the more cards you have, the higher your annual fee is going to be.
This card lets business owners with bad personal credit to obtain a card to make purchases and create business credit.
But the card will just report to the personal credit bureaus if you default or are overdue on payments.
Look at the SimplyCash Plus Business Credit Card from American Express. So you can earn up to $400 cash back. Earn a $200 statement credit. But this is after spending $5,000.
Also, get 5% cash back at US office supply stores and on wireless phone services. So these must be bought from US service providers. But this applies to first $50,000 of annual spending.
You also get 3% cash back on the spending category of your choice. So this is from eight distinct categories. They include airfare, gas, advertising and computer purchases. But it applies to the first $50,000 of annual spending.
Additionally 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 this is after $500 in purchases . And that is during 60 days of account opening.
You also get 3% cash back on purchases at filling stations and office supply stores. But this is up to $250,000 yearly.
Also, you get 2% cash back on purchases at eateries. And get 1% cash back on all purchases. Also, there is no yearly fee. But it is on offer to applicants with exceptional credit.
But you can only redeem your cash back in $25 increments.
Furthermore, take a look at the Spark Cash Select from Capital One. So you get 1.5% cash back on all purchases. So this is with no limitations.
New cardholders can also get a $200 cash bonus. But that is as soon as they spend $3,000 on new purchases. So this is during the first three months of account opening.
New customers also get introductory APR of 0% on purchases. But that is for nine months. Also, there is no annual fee.
Check out the Business Gold Rewards Card from American Express OPEN. So you can get 50,000 Membership Rewards points. But this is after $5,000 in purchases on the card during first three months.
Also, you get three points on your choice of five categories. In addition, 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 then your yearly fee increases to $175.
Also, take a look at the Business Platinum ® Card from American Express OPEN. So you can earn up to 75,000 Membership Rewards points at the time of account opening.
Also earn 50,000 Membership Rewards points. But this is after spending $10,000.
In addition, get 25,000 more points. But that is after spending an added $10,000 all on eligible purchases. But this is within first three months.
Also you can get five times the Membership Rewards points. So this is on airline flights and pre-paid hotels on amextravel.com. But it has a $450 annual fee. Yikes!
Your very best corporate credit card for travel or anything else will depend on your credit history and scores.
Just you can make a decision on which features you want and need. So be sure to do your homework. What is excellent for you could be disastrous for someone else.
And, as always, make sure to build credit in the prescribed order for the most brilliant, fastest benefits.