With so many options available to you, picking the right business credit card can be quite an undertaking. Between credit card points, cash back rewards, and sign-up offers, how can you be sure you’re getting the best card for your business needs?
When it comes to business credit cards, there is no one-size-fits-all solution. Every business owner is different, with their own set of expenses, debts, and preferences. What works for your friend who swears by her cash-back card may simply not be the right choice for you.
If you’re smart with your business credit card, you can use it to not only build credit, but also accrue rewards you can use towards various business expenses. Running a business inherently means having to spend money—if you’re not paying your regular business expenses through a rewards credit card, you could be leaving money or valuable credit card rewards on the table.
For business owners who travel frequently, points that can be used to cover airfare, train fare, hotels, and other expenses can be a financial lifesaver. And even among business credit cards that are specifically beneficial for travel purposes, there are plenty of great options to choose from. Here are the best credit cards for work travel, depending on your credit card needs.
If you’re looking for no annual fee and a 0% APR period
Check out The American Express Blue Business Plus card. With 15 full months, this card offers one of the longest 0% APR introductory periods of any business credit cards on the market. That means, for the first 15 months, you won’t have to pay any interest on expenses you’ve put on the card—but be careful to pay off your balance before the 15 months are up. Otherwise, that pesky APR may just sneak up on you.
Also, this is one of the few business credit cards with great travel rewards and zero annual fee. You’ll earn 2X points for your first $50,000 in purchases every year, and 1X point for all purchases thereafter. If you’re a business owner looking to keep costs down, this is definitely one of the top cards to check out.
If you want a highly valuable sign-up bonus
Check out the Chase Ink Business Preferred card. This sign-up bonus has a low spending threshold but a very high points yield—by spending just $5,000 on this card in your first 3 months, you can earn 80,000 Ultimate Rewards points. When booking travel through Chase’s online platform, those 80,000 points are valued at $1,000. You can also redeem these points strategically through one of Chase’s various partners and get even more bang for your buck—a potential value of up to 5 cents per point.
This business credit card comes with a relatively low annual fee of $95. It lets you earn 3 points per $1 on your first $150,000 in purchases every year, and you can add employee cards to your account at no additional fee. Also, it’s important to note that this card tends to require an excellent credit score (660 or above).
If you’re a frequent flier
Check out the American Express Business Gold Rewards Charge Card. This card lets you earn 3X points for the first $100,000 you spend annually in your choice of 1 out of 5 category options, including airfare purchased through airlines. It’s also a great card choice even if you don’t travel much, but spend a lot in one of the other categories to choose from—gas stations, shipping, advertising in select media, or computer hardware and software from certain providers. You’ll still get 2X points for your first annual $100,000 spent in each of the 4 spending categories you don’t select.
This card also comes with a great sign-up bonus—50,000 points when you spend $5,000 in your first 3 months, which will cover $500 in travel. Plus, you can take advantage of a $0 annual fee for your first year. (The annual fee becomes $175 for each year thereafter.) Remember, this is a charge card, not a credit card—you must pay your balance off in full each month.
If you want never-expiring miles and no rewards caps
Check out the Capital One Spark Miles for Business card. Another card geared towards business owners with excellent credit histories, this card rewards 2 miles for every dollar you spend—it’s as simple as that. It also offers a one-time sign-up bonus of 50,000 miles when you spend $4,500 in your first 3 months.
For the first year, your annual fee will be waived; after that, it’s only $95. With miles that don’t expire for the lifetime of your account and no limit on the number of miles you can earn, this is a straightforward, dependable card for frequent travelers who don’t want to deal with navigating complicated rewards systems. The card is nearly hassle-free with no foreign transaction fees, as well as no blackout dates or seat restrictions when booking flights. Plus, you can use your miles towards any airline at any time.
If you prefer luxury travel
Check out the American Express Business Platinum Charge Card. While it comes with one of the highest annual fees for a business credit card at $450, the rewards make it well worth it. Right now, you can earn 50,000 points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership. You’ll also accrue 5 points per each dollar you spend booking travel through amextravel.com.
And the perks of this card don’t stop there. Upon signing up, you’ll get a $200 airline credit, a credit for Global Entry or TSA Pre-Check, and Starwood Gold status. You’ll also get access to Amex’s premiere lounges in select airports, improving your travel experience tenfold.
No matter what you’re looking for in your business credit card for travel, there’s certainly no shortage of card options to choose from. Don’t leave money on the table by neglecting to swipe your rewards credit card for your business’ everyday and big-ticket expenses—make the money you’d be spending anyway work for you.