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.
According to the SBA, small business credit card limits can be 10– 100 times those of personal cards! You can get a lot more money with business credit.
And it also means you can have personal charge cards at retail stores, and 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 after you make $1,000 in purchases on your new card within your very first three months. Terms and limitations apply. In addition earn a $50 statement credit after you make a Delta purchase with your new card during your first three months. Earn two miles per dollar spent on purchases made straight with Delta. Earn one mile on each qualifying dollar spent on purchases. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/gold-delta-skymiles/44279
Check out the Business Platinum Card from American Express. Travel benefits including access to these airport lounge networks:
– Priority Pass Select
– Delta SkyClubs
– American Express Centurion Lounges
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 within your initial three months from account opening. Earn three points per dollar on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, cable and phone, 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. Get it here: https://creditcards.chase.com/credit-cards/small-business/ink-business-preferred
With this card, you also receive Gold Status when you register for the Starwood Preferred Guest program.
$ 200 annual air travel fee credit. There is a $100 credit towards the Global Entry application fee, including access to TSA PreCheck program. You get one point per dollar spent on the majority of purchases. You get 1.5 times the points on charges of $5,000 or more on qualifying purchases, up to one million added points yearly. You get five points per dollar spent purchasing flights and prepaid hotels from the American Express Travel website. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-platinum/44279
Take a look at the Business Gold Rewards Card from American Express OPEN. You can earn 50,000 Membership Rewards points after $5,000 in purchases on the card within first three months. You get three points on your choice of five categories, two times the points on the other categories, and one point per dollar on all other purchases. It has a $0 yearly fee for the first year, and after that your annual fee climbs to $175. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-gold-rewards
Also, take a look at the Business Platinum ® Card from American Express OPEN. You can earn as many as 75,000 Membership Rewards points upon account opening. You can also earn 50,000 Membership Rewards points subsequent to spending $10,000 and an extra 25,000 points after spending an additional $10,000 all on qualified purchases during the initial three months. Plus you can get five times the Membership Rewards points on flights and prepaid hotels on amextravel.com. However, it has a $450 annual fee. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-platinum/44279
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 after spending $5,000. You get 5% cash back at US office supply stores and on wireless phone services purchased straight from US service providers (this applies to first $50,000 of annual spending). You also get 3% cash back on spending category of your choice, from eight separate categories, which include air travel, gas, advertising and computer purchases (applies to first $50,000 of yearly spending). In addition you get 1% cash back on all other purchases. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/simply-cash-plus-business-credit-card/44279
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 after $500 in purchases within 60 days of account opening. You also get 3% cash back on purchases at filling stations and office supply stores (as much as $250,000 annually). And you get 2% cash back on purchases at eateries, and 1% cash back on all purchases. There is no annual fee. It is available to applicants with exceptional credit. Your cash back can only be redeemed in $25 increments. Get it here: https://www.bankofamerica.com/smallbusiness/credit-cards/products/cash-rewards-business-credit-card/
In addition, take a look at the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases, without limits. New cardholders can also get a $200 cash bonus as soon as they spend $3,000 on new purchases within three months of account opening. New customers also get introductory APR of 0% on purchases for nine months. There is no annual fee. Get it here: https://www.capitalone.com/small-business/credit-cards/spark-cash-select/
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. It has versatile cash-back rewards. There are spending limits for your employees. You will need a credit score of 690 or better. Get it here: https://creditcards.chase.com/credit-cards/small-business/ink-cash
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%; this depends on creditworthiness. There is no yearly fee. This card is solely available to people with great or exceptional credit. However, there is no rewards program for purchases. Get it here: https://www.usbankedge.com/credit/business-edge-platinum.do
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. The more cards you have the higher your annual fee is going to be. This card allows company owners with substandard personal credit to acquire a card to make purchases and develop business credit. The card will only report to the personal credit bureaus if you default or are late on payments. Get it here: https://www.wellsfargo.com/biz/business-credit/credit-cards/secured-card/
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.