8 business credit cards for travel

If you’re thinking, “Why should I take a business credit card for travel?”, here are your answers. It is not the right type of credit card for every small business owner. But if the bulk of your spending is on airfare, lodging, and rental car costs, then 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? They are cards used solely for business expenses.

A business travel card is for small business people who spend most of their business expenses on travel purchases. You will receive travel rewards, in the form of points per dollar spent, for eligible purchases.

Why you should take a business credit card for travel

Here are reasons to buy business credit cards for travel:

You get rewards and bonuses on eligible purchases. You get discounts on travel-related purchases. In addition to offers and discounts, you also get insurance coverage on rental cars. You get purchase protection on those expenses. There are several 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 costs – Foreign transaction costs can cause additional costs for you. The cost can range from 1 to 5% on purchases. Rewards – You can collect membership reward points from hotel and car partners. Membership points per dollar spent can be used to reduce credit card bills or receive discounts on new purchases. Some cards offer cash credits to partner companies. For example, the American Express American Express Business Gold Card (see below) includes credits for purchases from Dell, Indeed, and cordless phones. Purchase Protection – Purchase Protection acts as insurance for your purchases. For example, purchases eligible for protection may include airline tickets, lodging, and rental cars. Fees – Some business credit cards do not have an annual fee. Those with an annual fee deny that over other discount programs. For example, the Hilton Honors American Express business credit card (see below) has a $95 annual fee, but you get 130,000 bonus points if you spend $3,000 during the first 3 months of having the American Express card. Gas – If your small business requires a lot of driving, or if 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 the Discover IT cards. See the details on those cards below.

8 Best Credit Cards for Business Travel

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

1. Chase Ultimate Rewards Unlimited Freedom

APR: 15.24-23.99 variable

Annual Fee: 0

With the Chase Ultimate Rewards, you earn 5% cashback on travel expenses and an additional 3% cashback on dinners. You can also earn 5% cash back on gasoline purchases (up to $6,000). There are no foreign transaction costs. Also check out the Chase Ink Business Preferred Credit Card. Both allow you to get free employee cards and set individual spending limits. Another option is the Chase Venture Rewards credit card, which earns you 2 miles per dollar spent.

2. American Express Business Platinum Card

APR: 14.99-22.99

Annual Fee: 0

With the platinum membership of American Express business cards, the loyalty points are multiplied per dollar spent. With the Platinum Business American Express card membership, you get 5X points on flights and prepaid hotels and 1.5X on select business categories (shipping purchases, eligible delivery services, express carriers) and purchases of 5K or more. When opening an American Express business card account, you get a $400 credit to use toward Dell purchases, $360 toward Indeed search engine ads, and $120 toward wireless phone services and cloud system providers. When you fly, you are treated to Global Entry – you wait in a lounge for your flight to be called.

3. Hilton Honors Business Card

APR: 16.49-25.49

Annual Fee: $95

Another American Express business card, Hilton Honors card membership includes 12X Hilton Honors bonus points at Hilton hotels, 6X points at restaurants, plus 130,000 bonus points when you spend $3,000 on hotels, restaurants, and other purchases (where your company has such as stationery stores) during the first 3 months that you have the card. You can get an extra prize for a free night after a fixed amount of accommodation purchases.

4. American Express Business Gold Card

APR: 14.99 – 22.99

Annual Fee: $295

This American Express business card has a high annual fee, but you can focus on the areas where you spend the most. For example, you will earn 4X points in your two chosen categories. You can pay with points when booking airline tickets, and 25% of those points will be refunded to you.

5. Bank of America Business Advantage Travel Rewards World Mastercard

APR: 12.49 – 22.49

Annual Fee: 0

You get 30,000 bonus points when you activate the Bank of America card. You get anywhere 1.5% on combined purchases 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 Fee: 0

With the Discover It card, you earn 2% cash back on eligible gas and meal purchases, up to $1,000 per quarter. You also earn 1% on other eligible purchases, such as purchases from office supply stores and telephone service stores. As you spend, you earn 1.5 miles for every dollar spent, once you pay for eligible purchases. At the end of your first year, and on each card account anniversary, you’ll get the Discover Cash Back Match – matching cash back for every cash back dollar you’ve earned, which can be used as statement credits.

7. Southwest Rapid Rewards Performance Business Credit Card

APR: 16.24 – 23.24

Annual Fee: $69

The Chase Southwest Rapid Rewards Performance Card earns you 2X points on Southwest purchases and 1X points on purchases from other airlines. You get 3,000 account anniversary points annually, and you can earn up to 40,000 points on qualifying purchases, including Internet cable and phone services. Points can be applied to travel purchases or you can redeem points as statement credit.

8. Delta SkyMiles Reserve Business

APR: 16.49 – 25.49

Annual Fee: $550

The Delta SkyMiles card earns you 60,000 bonus miles plus 10,000 qualifying miles when you spend $4,000 during the first 3 months of the card. You earn 3 miles for every dollar you spend with Delta, up to $150,000. After you spend $150,000, you get 1.5 miles for every dollar. There is no baggage fee for your first checked baggage.

Applying for a credit card for business trips

It is easy to apply. Just follow these steps:

Go to the websites we have listed here. Look at the features of the listed cards, but browse the site and see if there is a comparable card that better suits your needs. Fill out an application, which includes income information. The card company will examine your creditworthiness. Your credit rating determines the APR rate – low, somewhere in the middle or high. Often card companies offer a special sign-up bonus when opening an account. Once you have received a card, take the steps to activate it.

What is the best credit card for business travel?

Business travelers have different needs. For example, there is the salesperson who routinely flies and rents a vehicle. Or there is a small business owner who drives to make sales calls or pick up products.

We choose Chase Freedom Unlimited because of its flexibility. You can earn 5% cash back on travel, including airfare and rental cars, plus 5% back on gas purchases.

Check out our card descriptions and see which card best suits your business needs. For example, if you are based in Atlanta and are a frequent flyer, a Delta Skymiles card makes sense because you are flying from a Delta hub. If you like the idea of ​​an annual cash back match, check out the Discover IT card.

Can you use corporate credit card points for personal travel?

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

If you do use your points for personal travel, you will take that credit away from your business purchase options.

Do Business Travel Cards Affect Credit Score?

No, a business credit card does not affect your personal credit score. However, if you fail to meet the amount owed and/or pay late, it will affect your ability to obtain loans for the business.

If you have a bad personal credit score, it’s good practice to get a prepaid or deposit-backed credit card. You only use that card for business, but paying on time regularly will start to improve your personal credit score. And by using it only for business, you have an accurate overview of expenses and costs.

Do I need to notify my corporate credit card company when I travel?

It’s a great exercise to do that. A credit card company gets “used” to your purchases. When something out of the ordinary pops up, like a gas up in a different state, your map can be flagged. To avoid issues like this, make it a point to specify travel start and end dates.

Image: Depositphotos

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