Guide to Selecting the Best Travel Credit Cards for Small Businesses
Discover essential tips for selecting the best travel credit card suited for small businesses. Learn about key features, reward programs, and top card options to maximize travel benefits and manage costs effectively.
How to Choose the Ideal Travel Credit Card for Your Small Business
A dedicated travel credit card designed for small enterprises can significantly benefit businesses that frequently send employees on travel assignments. These cards, often called rewards or loyalty cards, allow companies to accumulate travel miles, earn elite status with airlines and hotels, and enjoy cashback offers. To find the best match, small business owners should conduct thorough research, compare features, benefits, and application procedures of various cards.
Key Considerations When Applying for a Business Travel Card
Travel credit cards come with different rewards, interest rates, and fees. Selecting the right card depends on your company's needs and the type of rewards you value most. Consider the following factors:
Current APR: Review the interest rate applicable to purchases and balance transfers.
Introductory APR: Check if the card offers a 0% interest period for new purchases, helping manage cash flow.
Annual Fee: Keep an eye on yearly charges to find options that offer benefits without high costs.
Business Fit: Ensure the card's features align with your company's travel and spending needs.
Introductory Rewards: Look for cards offering bonus points or cashback upon signing up.
Ongoing Rewards: Assess ongoing benefits like reward points, cashback, and level of perks.
Top Travel Credit Card Options for Small Businesses
Various options are available to fit different needs. Some of the leading travel credit cards suitable for small enterprises include:
Chase Ink Business Cash℠
American Express SimplyCash® Plus
Chase Ink Business Preferred℠
American Express Platinum Delta SkyMiles®
Bank of America® Business Advantage Cash
Bank of America® Platinum Visa® Business
American Express Business Platinum Card®
Chase Ink Business Unlimited℠
American Express Blue Business℠ Plus
Capital One® Spark® Cash
Capital One® Spark® Miles
Southwest Rapid Rewards® Business Premier
GM BuyPower Business Card™
Bank of America® Business Advantage Travel
CitiBusiness®/AAdvantage® Platinum Select® World Mastercard®
Application Process for Small Business Travel Credit Cards
Applying for a travel credit card involves understanding your business needs and preparing relevant documentation. Key steps include:
Review feature benefits and compare options.
Gather necessary documents such as business registration details, tax ID, and income statements.
Be ready to provide information including legal business name, industry type, company size, revenue, and travel expenses.
Personal details like owner’s name, SSN, credit score, income, and existing debts may also be required.
Tags: small business travel credit cards, best travel credit card for small business, business travel rewards
