8 business credit cards for traveling

If you’re thinking, “Why should I get a business credit card for travel?” Here are your answers. This is not the right type of credit card for every small business owner. But if the bulk of your expenses involve airfare, accommodation, and car rental, a travel rewards-focused card is for you.

What is a business travel credit card?

If you are a small business owner and/or sole proprietor, you should separate your personal and business credit cards. What are business credit cards? These are cards used only for business expenses.

A business travel card is for small businesses that spend most of their business expenses on travel purchases. You’ll earn travel rewards, in the form of points per dollar spent, on qualifying purchases.

Why You Should Get a Business Credit Card for Travel

Here are the reasons to get business credit cards for travel:

  • You will have rewards and bonuses on qualifying purchases
  • You will have discounts on travel-related purchases
  • In addition to offers and discounts, you will also benefit insurance cover on rental cars
  • You will have purchase protection on these expenses
  • There are different types of business credit cards, and you can choose one with a focus on discounts on gas purchases.

How to Choose the Best Business Credit Cards for Travel

Choosing the best business credit cards for travel depends on where you spend the most on travel expenses.

  • Foreign transaction fees – Foreign transaction fees may result in additional expenses for you. Fees can vary from 1-5% on purchases.
  • Rewards – You can earn membership reward points from hotel and car partners. Membership reward points per dollar spent can be used to reduce credit card bills or get a discount on new purchases. Some cards offer cash credit at partner businesses. For example, the American Express Business Gold Card from American Express (see below) includes credits on Dell, Indeed, and wireless phone purchases.
  • Purchase Protection – Purchase Protection acts like insurance on your purchases. For example, purchases eligible for protection may include airline tickets, accommodations, and rental cars.
  • Fees – Some business credit cards have no annual fee. Those with an annual fee negate this compared to other discount programs. For example, the Hilton Honors American Express business credit card (see below) has an annual fee of $95, but you get 130,000 bonus points if you spend $3,000 in the first 3 months you have the card. from American Express.
  • Gas – If your small business requires a lot of driving or you have a fleet of vehicles, you can choose a card that includes cash back on gas purchases, such as the Chase Freedom Unlimited or Discover IT cards. See details on these cards below.

8 Best Credit Cards for Business Travel

Here are some of the details of our picks for the 8 best business credit cards.

1. Chase Ultimate Rewards Unlimited Freedom

APR: 15.24-23.99 variable

Annual fees: 0

With the Chase the Ultimate Rewards, you’ll earn 5% cash back on travel and an additional 3% cash back on dining. You can also earn 5% cash back on gas purchases (up to $6,000). There are no foreign transaction fees. Also take a look at Chase Ink companies’ favorite credit card. With both, you can get free employee cards and set individual spending limits. Another option is the Chase Venture Rewards credit card, where you’ll earn 2 miles per dollar spent.

2. American Express Business Platinum Card

APR: 14.99-22.99

Annual subscription : 0

With American Express Platinum business card, the rewards points per dollar spent are multiplied. With American Express Platinum Business Card Membership, you’ll earn 5X points on prepaid flights and hotels and 1.5X on certain business categories (shipping purchases, qualifying delivery services, shipping providers) and purchases of 5K or more. When you sign up for an American Express business card account, you’ll get $400 credit to use on Dell purchases, $360 for Indeed search engine advertising, and $120 for wireless phone services and cloud system providers. When you fly, you get Global Entry – you wait in a lounge for your flight to be called.

3. Hilton Honors Business Card

APR: 4:49-10:49 p.m.

Annual subscription : $95

Another business american To express , Hilton Honors Card membership includes 12X bonus Hilton honors points at Hilton hotels, 6X points at restaurants, plus 130,000 bonus points if you spend $3,000 on hotels, restaurants and other purchases (where your company has spent money, such as office supply stores) for the first 3 months you have the card. You can get an additional free night reward after a certain number of accommodation purchases.

4. American Express Gold Business Card

APR: 14.99 – 22.99

Annual subscription : $295

This American Express The business card has high annual fees but allows you to focus on where you spend the most. For example, you will earn 4X points in your two chosen categories. You can pay with points when booking an airline ticket and also get 25% of those points credited to you.

5. Bank of America Business Advantage Travel Rewards World Mastercard

APR: 12:49 p.m. – 10:49 p.m.

Annual subscription : 0

You will get 30,000 bonus points when you activate the Bank of America menu. You’ll earn 1.5% on combined purchases anywhere and 3 points per dollar on travel purchases. If you have a business checking account with Bank of America, you’ll earn 75% more points (2.62 points for every dollar spent) on travel and other purchases.

6. Discover IT

APR: 12.24 – 23.24

Annual subscription : 0

With the Discover it card, you’ll earn 2% cash back on eligible gas and dining purchases, up to $1,000 per quarter. You’ll also earn 1% on other qualifying purchases, such as purchases at office supply stores and phone services. As you spend, you’ll earn 1.5 miles for every $1 spent after you pay for qualifying purchases. At the end of your first year, and on each card account anniversary, you’ll earn the Discover Cash Back Match – a cash back match for every cash back dollar you’ve earned, which can be used as statement credit.

7. Southwest Rapid Rewards Performance Business Credit Card

APR: 16.24 – 23.24

Annual subscription : $69

With the hunt Southwest Rapid Rewards Performance Card, you will earn 2X points on Southwest purchases and 1X points on other airline purchases. You’ll earn 3,000 Account Anniversary Points per year and can earn up to 40,000 points on qualifying purchases, including cable Internet and phone service. Points can be applied to travel purchases or you can redeem points as statement credit.

8. Delta SkyMiles Reserve Company

APR: 4:49 p.m. – 10:49 p.m.

Annual subscription : $550

With the Delta SkyMiles card, you’ll earn 60,000 bonus miles plus 10,000 qualifying miles if you spend $4,000 in the first 3 months you own the card. You’ll earn 3 miles for every dollar you spend with Delta, up to $150,000. After spending $150,000, you will get 1.5 miles for every dollar. There will be no baggage charge for your first checked bag.

How to Apply for a Business Travel Credit Card

It’s easy to apply. Just follow these steps:

  1. Access the websites we have listed here. Look at the specs of the cards listed, but browse the site and see if there’s a similar card that better suits your needs.
  2. Complete an application, which will include income information. The card company will research your creditworthiness.
  3. Your creditworthiness will determine the APR rate – low, somewhere in the middle or high.
  4. Often, card companies offer a special sign-up bonus when opening an account.
  5. Once you’ve received a card, follow the steps to activate it.

What is the best credit card for business travel?

Business travelers have different needs. There is the salesman who steals regularly and rents a vehicle, for example. Or there’s a small business owner who drives to make sales calls or pick up products.

We chose Chase Freedom Unlimited for its flexibility. You can earn 5% cash back on travel, which includes airline tickets and rental cars, and 5% back on gas purchases.

Check out our card descriptions and see which card best suits your business needs. For example, if you’re based in Atlanta and you travel frequently, a Delta Skymiles card makes sense because you’ll be departing from a Delta hub. If you like the idea of ​​an annual cashback match, take a look at the Discover IT card.

Can you use your corporate credit card points for personal travel?

Yes. But you shouldn’t try to deduct personal travel as a business expense.

If you use your points for personal travel, you remove that credit from your corporate purchasing capabilities.

Do corporate travel cards affect credit rating?

No, a business credit card does not affect your personal credit score. But, if you fail to pay the amount due and/or make late payments, it will affect your ability to obtain business loans.

If you have a bad personal credit score, it is recommended that you obtain a prepaid or deposit guarantee credit card. You will only use this card for business, but by making regular payments on time, you will begin to improve your personal credit score. And using it only for business, you will have an accurate record of expenses and costs.

Should I notify my corporate credit card company when I travel?

It is excellent practice to do so. A credit card company gets used to your purchases. When something unusual happens – like a fill-up in another state – your card can be reported. To avoid this kind of problem, be sure to provide the start and end dates of the trip.

Image: Depositphotos

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