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Business travel can be necessary for entrepreneurs, executives, and employees alike. It can be a great way to meet clients, attend conferences, and network with like-minded professionals. However, it can also be a significant financial burden on businesses. That’s why having the best business credit card for travel can be a game-changer.
What to Look for in a Business Credit Card for Travel
When choosing a business credit card for travel, there are some essential features to consider. Here are some criteria to keep in mind:
| Criteria | Description |
|---|---|
| Rewards Program | Look for a card that offers rewards in the form of points or miles, which can be redeemed for travel expenses. |
| Travel Perks | Find a card that offers travel-related perks, like airport lounge access, TSA PreCheck/Global Entry fee credits, or travel insurance. |
| No Foreign Transaction Fees | If you frequently travel internationally, look for a card that doesn’t charge foreign transaction fees. |
| Annual Fee | Consider the annual fee and evaluate if it’s worth the benefits of the card. |
| Introductory Offers | Some cards offer introductory bonuses, like extra points or statement credits, for meeting spending requirements in the first few months after opening the account. |
Top Business Credit Cards for Travel
Here are some of the best business credit cards for travel:
Chase Ink Business Preferred Credit Card
The Chase Ink Business Preferred Credit Card is a popular choice among small business owners who travel frequently. It offers 3x points per dollar on travel, shipping, internet, cable, and phone services, as well as advertising purchases made with social media and search engines (up to $150,000 per year). You can redeem points through Chase Ultimate Rewards for travel, cash back, and more. The card also offers travel perks like trip cancellation/interruption insurance and auto rental collision damage waiver. The annual fee is $95.
American Express Business Platinum Card
The American Express Business Platinum Card is an excellent choice for businesses that value luxury travel perks. It offers 5x points per dollar on flights and prepaid hotels booked through Amex Travel, as well as 1.5x points per dollar on purchases of $5,000 or more (up to 1 million additional points per year). You can redeem points for travel, gift cards, and more. The card also offers travel perks like airport lounge access (including Centurion Lounges), TSA PreCheck/Global Entry fee credits, and travel insurance. The annual fee is $595.
CitiBusiness AAdvantage Platinum Select World Mastercard
The CitiBusiness AAdvantage Platinum Select World Mastercard is a great choice for businesses that frequently fly with American Airlines. It offers 2x miles per dollar on American Airlines purchases, as well as telecommunications, cable, and satellite providers, car rentals, and gas stations. You can redeem miles for flights, upgrades, and more. The card also offers travel perks like priority boarding, a free checked bag, and a $99 companion certificate after spending $30,000 in a year. The annual fee is $99 (waived for the first year).
Conclusion
Choosing the best business credit card for travel can be a valuable investment in your business. By considering the criteria mentioned above and exploring the top options, you can find a card that fits your needs and provides valuable rewards and perks for your business travel.
Frequently Asked Questions
Can I use a personal credit card for business travel?
Technically, you can use a personal credit card for business travel. However, it’s generally not recommended since it can make accounting and expense tracking more complicated. Additionally, you’ll miss out on potential business-related rewards and perks that a business credit card can offer.
Other travel-related perks to consider include baggage insurance, trip delay/cancellation coverage, and emergency assistance services (like medical and legal referrals). Some cards may also offer discounts on rental cars, hotels, or airfare.
Do I need to have excellent credit to apply for a business credit card?
While it’s ideal to have excellent credit when applying for any credit card, some issuers may be more lenient with business credit cards. However, having a good credit score can help you qualify for better rewards, perks, and interest rates.