Business credit cards are a great tool for small business owners. Not only can they help you build your credit, and allow you to easily manage your cash flow, they also give you free perks just for spending on your day-to-day business expenses. Nothing is better than freebies, right?
Business credit cards offer a variety of reward programs, but for the jetsetting entrepreneur, travel can be one of the most attractive perks. However, with so many options, narrowing in on the right business credit can be difficult. Depending on what you want to get out of your next business credit card, there are pros and cons for each card. Here, we’ve honed in on some of the top business credit cards for travel.
If you want flat-rate rewards to keep things simple
If you are looking for a consistent, hassle-free rewards program, the Capital One Spark Miles for Business card may be attractive for you.
- A 50,000-mile signup bonus if you spend $4,500 in the first 3 months. This is worth $500 in travel
- Miles don’t expire for the lifetime of the account
- You’ll earn 2 miles for every dollar you spend, period
- Annual fee waived the first year; $95 annually after that
- No blackout dates or airline or seat restrictions when booking flights
The Capital One Spark Miles for Business is a great card for straightforward, easy-to-earn and easy-to-redeem travel rewards.
If you are only interested in no annual fee cards
Want to stay away from annual fees, but still maximize your points earnings? The Bank of America Business Advantage Travel Rewards World Mastercard could work for you.
- No annual fee
- A 25,000-point signup bonus if you spend $1,000 within the first 60 days
- 3 points per $1 spent on travel booked through Bank of America portal
- 1.5 points for every $1 spent on all other purchases
- 0% intro APR on purchases for the first nine billing cycles
After the first nine billing cycles, your APR will set in at a rate that will vary with the market Prime Rate, so be sure to see the issuer’s terms and conditions for the latest APR information. This is a great card if you want to earn rewards without being subject to a yearly annual fee.
If you want the signup bonus for your buck
If you’re looking to amass a lot of travel points with your business credit card relatively quickly, the Chase Ink Business Preferred Credit Card could be a good option.
The points you earn with this card are worth 25% more when you redeem for travel through Chase Ultimate Rewards—for example, 80,000 points are worth $1,000 towards travel. Transferring those points to one of the bank’s airline and or hotel loyalty partners can make them even more valuable. The card offers:
- A 80,000-point bonus if you spend $5,000 on this card in your first 3 months
- 3x points on your first $150,000 per year spent on travel, shipping, advertising purchases with social media sites and search engines, and internet, cable, and phone services
- 1 point per $1 spent on all other purchases
- $95 annual fee
The Chase Ink Business Preferred Credit Card offers a bonus that’s nothing to snuff at. Plus, if you spend a lot on shipping or online advertising, this card offers even more bonus rewards.
If you want a 0% intro APR
If you like zeros—as in a $0 annual fee and a generous 0% APR introductory period—the American Express Blue Business Plus credit card could be a great choice for your business. Features of the card include:
- A 15 month 0% introductory APR on purchases and balance transfers, which is currently the longest period currently available on the market
- No annual fee
- 2 points per $1 spent for your first $50,000 in purchases per year and 1 point per $1 for all purchases after that
- Signup bonus of 10,000 points after you spend $3,000 on the card within your first three months
The American Express Blue Business Plus is a great choice for those looking to save money on a balance transfer. It’s also ideal for those making a large purchase that can be paid off in 15 months. Keep in mind that after your 15 interest-free months are up, a variable APR sets in at a rate depending on your creditworthiness. Admittedly, the Blue Business Plus doesn’t offer some of the flashy travel perks like other cards do. However, it’s good if your key goal is a 0% intro APR.
If you’re looking for luxury perks
If you have a more substantial budget, you can reap substantial rewards with The Business Platinum Card from American Express. It comes with a hefty $450 annual fee, but the perks can make the price well worth it. Features of the card include:
- Bonus of 75,000 points after you spend $20,000 within the first three months
- 5 points per $1 spent on travel booked through amextravel.com
- 1.5 points per $1 spent on qualifying purchases of $5,000 or more (up to 1 million points) and 1 point per $1 for all other purchases
- A $200 airline fee credit for expenses such as checked bags
- A credit for TSA PreCheck or Global Entry fees
- Access to Amex’s network of airport lounges, including the Centurion Lounge and the International American Express lounges
- Access to Delta Sky Club and Priority Pass Select lounges
Keep in mind that this card is a charge card. This means though there’s no preset spending limit, you’ll need to pay off your balance in full every month. This ensures you do not incur high fees. If your company can afford the annual fees and you’ll benefit from the most travel perks, The Business Platinum Card from American Express is a great choice.
It pays to make the most out of business credit cards to reap rewards. By choosing the right card for your business and using it wisely, you can take advantage of travel benefits and give your working capital a boost.
Meredith Wood is the Editor-in-Chief at Fundera, an online marketplace for small business loans that matches business owners with the best funding providers for their business. Prior to Fundera, Meredith was the CCO at Funding Gates. Meredith is a resident Finance Advisor on American Express OPEN Forum and an avid business writer. Her advice consistently appears on such sites as Yahoo!, Fox Business, Amex OPEN, AllBusiness, and many more.