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Published By Janet Gershen-Siegel at January 15th, 2018
Your best travel rewards business credit card can be right around the corner. Check out some of our favorite travel rewards company credit cards.
Per the SBA, business credit card limits are a whopping 10 – 100 times that of personal credit cards!
This reveals you can get a lot more cash with small business credit. And it also means you can have personal credit cards at stores. So you would now have an added card at the same stores for your small business.
And you will not need collateral, cash flow, or financial data in order to get small business credit.
Benefits vary, so make sure to choose the benefit you prefer from this array of choices.
Pay no annual fee. Get 30,000 bonus points when you make at least $3,000 in new net purchases that post to your account within the first 90 days. Earn 1.5 points per dollar spent. Get triple points per dollar spent on travel. Also, pay a 0% introductory APR for the first nine billing cycles, then 24-22.24%.
The bonus points offer is generous and the minimum spend is relatively easily attainable. So if your business requires a lot of traveling, this is a good card.
This card works well for travel, entertainment, and other spending. Also, it helps companies keep control and improve cash flow. Additionally, it also helps them understand their spending patterns by offering specific reporting options. Furthermore, account holders have the ability to establish spending limits for individual card holders.
This card is great for travel, entertainment, and purchasing. VOX changes and grows with the business to give flexibility when it comes to cash flow and minimum payment options. Also, the credit limit also tends to be high. Pay in full or revolving terms. Select your interest rate depending on the minimum payment you choose.
Pay no annual fee. Pay a 3% balance transfer fee with a minimum of $5. Earn 5,000 bonus points after spending $1,000 in the first three months. Also, earn triple points on gas. And get double points on travel and dining. Also, you earn one point per dollar on all other purchases.
Pay a 0% introductory APR for nine months. Then pay a variable APR 12.49%, 16.49% or 20.49% per creditworthiness.
It should be easy for most entrepreneurs to meet the minimum spend required for the points bonus. Also, triple points on gas are particularly helpful if yours is a business requiring a lot of time on the road (say, trucking). If your credit is good enough to get the lowest APR after the introductory period ends, this could be a great card for you.
Starting up? Then check out this fascinating card. You will not have to provide a personal guarantee.
They will underwrite based on your EIN. Only companies organized and registered in the United States (such as C-corps, S-corps, LLCs, or LLPs) may apply for a Brex account. Also, you pay no annual fee.
Unlimited points! You can get 7x points on rideshare. And get 4x points on Brex travel. Get triple points on restaurants.
Get double points on recurring software costs. And get 1x points on everything else. Also, earn points on everything you buy and redeem them for Bitcoin or Ethereum through Brex’s partner TravelBank.
There are some industries they will not work with, as well as others where they want more paperwork. They will not accept the cannabis industry. And crypto is considered to be a restricted industry.
Take a look at the Banner Bank Commercial Rewards Mastercard. Pay a $19/card annual fee. Pay an 11.99% APR for purchases. Also, pay an 18.00% APR for cash advances. There is a 1.10% international transaction fee. Get 1% cash back.
Get three TruRewards points per dollar of net retail, internet, phone, or mail order purchases. Redeem TruRewards points for cash back, travel, gift cards or merchandise. TruRewards can be redeemed from all sorts of merchants, including Starbucks, the Fairmont Hotel, and Cuisinart.
TruRewards offers (for example) a $100 travel voucher with Budget Rent a Car if you redeem 43,300 points. But even with three points per dollar, that still comes to spending over $14,000 to get $100 off! And it can cost over $100 per day to rent a compact car from Budget. The APR is decent although the annual fee is concerning, particularly as there is no introductory waiving of the annual fee.
Get 4% cash back on eligible gasoline purchases, including buying gas at Costco. But this is only for the first $7,000 per year. After that, get 1% cash back. Get 3% cash back on restaurant and eligible travel purchases. Also, earn 2% cashback on all other purchases from Costco and Costco.com. And get 1% cash back on everything else.
There is no annual fee. Also, there are no foreign transaction fees. You must be a Costco member before applying. Pay a 15.24% variable APR.
While the 4% cash back offer is limited to just the first $7,000 per year, you will have to buy over 2,000 gallons of gasoline if they average $3.50 per gallon to hit the limit. If you think it’s unlikely you would meet that limit, and you’re a Costco member, this could be a good card. It also has an APR that is decent.
Get it here.
Your absolute best travel rewards business credit card will hinge on your credit history and scores.
Only you can choose which features you want and need. So be sure to do your homework. What is outstanding for you could be disastrous for somebody else.
And, as always, make certain to develop credit in the recommended order for the best, fastest benefits.