Anyone with a new, old, big, or small business must consider getting a business credit card. Best business credit cards will help you gain rewards from a business travel credit card to help cover expenses, including your next business trip. To dig deeper for the best business credit cards for travel, we will guide you further.
The best business travel credit cards vary due to specific requirements if you wish to capitalize on your business spending by little or no annual fees or are a high spender interested in maximizing potential reward-earning and gaining premium benefits.
Or anyone looking for a co-branded best credit card for international travel that offers higher rewards on specific hotels and airlines. Anything that does not limit your potential reward-earning for any particular brand.
Best credit card for international travel
In the modern era, travel adventurers and once-a-year vacationers both love the idea of earning rewards for their next big trip. According to some recent studies, almost 68% of Americans have a travel business credit card that makes travel rewards.
With a travel reward credit card, one can earn points and miles whenever they swap a card. Even one can earn more points per dollar in some categories. Some top travel credit cards offer bonus points on every travel spending or some at lavish hotels, restaurants, grocery stores, and gas stations.
Payment options during travel are relatively easy now, as credit cards have made international travel immensely convenient. Numerous banks offer travel credit cards that hide their benefits and attractive offers with an excellent choice for users and one can find according to their demands.
Some of them come with cashback offers in the future. So leveraging your credit card rewards to get awards and upgrade points is more manageable. But make sure one must have a credit house in order before earning rewards as interest rates or fees will overweight what you gain in compensation on a monthly balance.
The best credit card for business travel is based on your goals and circumstances. Always do a handful of research, a calculation for personal spending, and how you would use the benefits before applying for a new card.
What things must one consider when choosing the best card for international travel?
If anyone wants to search for a travel credit card, there are several factors they keep in mind. First, do some research on whether the card has international potential.
Foreign transaction fees
While using a debit or credit card outside of the United States, issuers usually charge a fee of around 3% on each purchase. However, it could be a better deal as the charges will undoubtedly add up. But one must try to figure out a card with no foreign transaction fees, specifically the best credit card for traveling overseas.
If anyone is interested in visiting major tourist destinations, including hotels, resorts, and museums, opt for the card that has acceptance everywhere without any inconvenience. However, some places only accept specific networks or even credit cards partially. Therefore, please choose the correct currency accepted at certain places to figure it out to avoid any trouble.
Complimentary travel insurance
Usually, credit cards come with complimentary travel protection benefits, including trip cancellation and interruption insurance. Moreover, in case of any emergency during the trip, one can get reimbursement for any nonrefundable expense while keeping you from breaking the bank.
Travel reward cards come up with huge sign-up bonuses that one can redeem for free travel. Such bonuses can help to reduce the costs of international trips.
Credit cards will reward you for your spending habits. Such as, a frequent diner will be tempted by a card that offers bonus points or miles for dine-in or take-out. Frequent travelers want to be rewarded for flight and hotel purchases. Several travel credit cards offer hybrid reward categories while offering points for daily and often travel purchases.
If anyone is loyal to one airline, it would be advantageous as one can receive perks, such as priority boarding or luggage services. In addition, hotel cards can offer free awards with complimentary upgrades or stepping into elite status. Typically, “best business travel rewards credit cards” offer flexibility to transfer points to airlines or hotel programs.
Other travel perks
The travel credit card provides various benefits for the next international trip, like reimbursement during any inconvenience, lounge access, etc. Also, calculate how much you can spend on annual fees and what travel perks are essential for you.
Chip and pin technology
Some countries require an EMV chip and a Pin to use a credit card to make the transaction. At the same time, most credit cards issued within the United States include only an EMV chip, whereas cards with PINs are rare. Some of the banks issue PINs as well for travel business credit cards. Before issuing a credit card, check whether the insurer is offering the option.
Lounge access while traveling internationally
The most crucial factor to consider if you want airport lounge access is improving your travel experience. Many premium credit card companies come with lounge membership or pass, which is quite privileged and advantageous for frequent travelers.
Tips for best business credit cards for travel rewards
While choosing the best credit card for business travel or international use, one must consider the following tips.
Use a credit card for all regular expenses
Using a credit card for all the regular expenses will maximize international credit card use and travel reward points and miles. Any traveler can use all these staggering rewards on their next trip for hotel booking or flight upgrades.
Never carry a balance
Credit cards for traveling internationally are well-known for charging high-interest rates. One must avoid carrying a balance on your card as it will cost you more. Balance on your card can be damaging to your credit score as well.
Take advantage of credit card perks
The best way to maximize the international credit card is to be well aware of all the perks and benefits of the card and make sure to use them. For example, if there is some airport lounge access and free checked bags, then make sure to use these advantages.
How to compare business travel credit cards
No travel credit card is going to have everything one demands. It can only satisfy someone if the user gains higher reward rates, including sign-up bonuses, annual fees, and top-notch perks. Whereas each credit card delivers a particular value through various combinations of features, we will guide you on how to compare cards based on your needs and preferences.
Mostly the best credit cards for business travel charge an annual fee that ranges from $90 to $100 for standard credit cards. However, premium cards with extensive perks can charge $450 or more. The value of the rewards and travel perks will make up for the fee.
There are a few good options for credit cards with no-fee options, but no-fee travel cards will come with rewards at a lower rate, a small sign-up bonus, and fewer perks.
Rewards are based on the strategy of earn rate and burn rate.
The earn rate is how many points or miles you receive per dollar spent. Some credit cards offer flat rates, which means you get the same rate on all purchases, such as 1.5 points per dollar or 2 miles per dollar. Some co-branded cards offer a base rate of 1 point one dollar while paying specific categories like airline tickets, hotel stays, restaurant meals, and general travel expenses.
On the other hand, the burn rate is the value one gets for the points or miles as one redeems them. The industry average is about one cent per point or mile. However, some cards have a lower value per point while using but give you more points per dollar on the earning side.
While comparing rewards points, do not look at just numbers; dig into the categories that match your spending pattern. For example, five points per dollar seem quite attractive at purchase but for a particular purchase.
Certain travel protections include car rental insurance, trip cancellation coverage, baggage protection, and other essential things.
You can get rewards by using credit cards while making each transaction. Specific bonuses are also there for spending. One can get perks even by carrying any credit card. Annual fees and perks on having credit cards are correlated, and high annual fees come with more perks.
Premium cards usually come with annual fees of $450 or more with perks. We recommend Midtier cards here in the $100 range, with substantial rewards and high-value perks.
Advantages of getting a business travel credit card
- Sign-up bonuses will give you a big head-start on travel, and the best credit cards typically run $500 to get a roundtrip ticket.
- Perks make traveling less expensive and more comfortable, including free checked bags, airport lounges, or primary rental car insurance.
- Numerous rewards will make you get closer to your next trip with every purchase.
- They usually come with no foreign transaction fees, meaning significant savings, as good cards do not charge hidden fees.
- You can get loyalty points or miles by buying a plane ticket and booking a hotel room. Double dipping will give you more points regardless of how you pay during the travel purchases.
- Redeem strategically will multiply the value, like if you book international flights vs. domestic flights, business class vs. economy class, staying at budget hotels vs. high-end resorts, etc.
Disadvantages of getting a business travel credit card
- The best international card usually charges annual fees, and the value customers make from credit cards more than make up for the annual fees. People have to pay fees under any circumstances. Your options for travel cards would be limited, providing a significant portion of the value on many cards.
- Sign-up bonus spending requirements could be steep to earn rewards, and one must spend anyways. A bonus of a few dollars is quite attractive, but one can earn it with thousands of dollars of debt which is not suitable.
- In the first year, one can earn a big sign-up bonus and an attractive annual fee waiver, but later on, you have to use it enough to make up rewards. Infrequent travelers get more rewards from a cashback card with no annual fee.
- Some travel cards allow you to redeem your rewards during international or domestic travel. Cashback is simpler and more flexible to avoid complicated redemption options to get the most out of your rewards. Cashback credit cards are easy-to-use rewards on anything with simple redemption.
- Usually, reward cards tend to charge higher interest rates. If anyone regularly carries a balance on a travel or reward credit card, there are better choices than this, as it can eat up the value of your rewards. We suggest our valuable readers go for a low-interest card that reduces the cost of carrying debt.
How to choose a travel credit card
There are scores of travel rewards to choose from, depending on the flexibility you want, valuing airline or hotel perks. One must prioritize the following things while choosing a travel credit card.
- Rewards one can use or have the ability to redeem the points
- A high earning rate for spending on every dollar
- A sign-up bonus for meeting a spending requirement in the first few months
Travel cards vs. cash back cards
Travel cards are best for frequent travelers with enough value from rewards and perks that make up the annual fees. Some of the cards do not have annual fees but have lesser rewards. On the other hand, those who travel occasionally can get more rewards from cashback credit cards with no annual fees.
Co-branded cards vs. general travel cards
Co-branded cards carrying the name of an airline or hotel group that gives you money are redeemable with a particular brand, which can limit flexibility. In comparison, General travel cards are not tied to any specific hotel or airline, so they offer greater flexibility. In addition, the rewards on general travel cards come with points, also known as miles, that one can redeem on travel expenses.
Evaluating general travel cards
The credit cards are at the top, issued by a bank, and carry only that bank’s name. These cards are not tied to any single airline or hotel group. With such cards, one can earn points on every purchase and sometimes additional points in specific categories.
These general travel cards offer substantial sign-up bonuses or welcome offers to attract customers, along with massive miles one can earn by spending a certain amount in the first few months.
With this option, one can pay for travel booked through the issuer’s website. For example, one can redeem the points if someone books a flight for $400 on the issuer portal; they can attain 40,000 points.
One can make travel arrangements they want and charge it on the card. Then, as the charge shows up on your account, you can apply the necessary points to eliminate the costs.
Transferring to partners
The card issuer can transfer the points to loyalty programs for hotel chains or airlines that will work as co-branded cards.
Cashback or gift cards
If a person is not a frequent traveler and has no plans, they can burn off the rewards with various other options. However, this way, you will get a lower value per point.
This card provides an automatic reimbursement for travel-related spending; even some top credit cards offer hundreds of dollars in travel credit.
Trusted travel reimbursement
Mostly travel credit cards cover the application fee for some programs that help to move through airport security and customs more quickly.
Airport lounge access
Several airlines operate hundreds of lounges worldwide under several networks and offer access to these lounges to cardholders.
Every card issuer has a travel card with a point program, such as American Express’s membership rewards program, Chase has Ultimate Rewards, Citi pays in “Thank You point,” and U.S. bank FlexPerks.
Programs vary based on how many points are worth and how you can use them. A few offer a full range of redemption options, transfers to loyalty programs, or get the statement credit.
Best business credit cards for travel rewards
- A business platinum card by American Express is an incredible option for frequent travelers as it brings luxury to their business trips.
- Annual fees are pretty high at $695, but there are substantial benefits in return, along with an intro offer of 150,000 points.
- It includes generous annual travel credits, executive lounge access, Amex Centurion lounges, and more.
- Up to $400 annual statement credit for U.S. Dell purchases along with the gold status at well-known hotels, including Marriott and Hilton.
- On the other hand, extended warranty protection and international airline programs limited high bonus categories outside of travel.
- It is not that suitable for small businesses as meeting the $15,000 minimum to spend is pretty tricky.
- It can be the best credit card for business travel expenses.
Furthermore, there are a few more excellent cards by American Express:
|Credit card by American Express||Best use||Average reward rate||Annual fee|
|The Hilton Honors American Express Business card||Perfect for earning Hilton Honors points||3 to 12 points per $1||$95|
|Marriott Bonvoy Business American Express card||Maximize the rewards one can earn while traveling||2 to 6 points per $1||$125|
|The Blue Business Plus Credit card from American Express||No annual fees while earning rewards in spending||2 miles per $1||$0|
|Capital One Spark Miles for Business||Best flat-rate rewards for frequent flyers||2 miles per $1||$95|
|The Business Platinum Card from American Express||A good business card got premium travel benefits||1 to 5 points per $1||$595|
- The best for bonus earning as a sign-up bonus is among the highest.
- Plus, earn points across the four categories, including travel, shipping, advertising, and telecommunications providers, which make them the most popular among businesses.
- The highest sign-up bonuses with 100,000 bonus points, but they come after spending $15,000 in the first three months.
- Chase’s ultimate rewards portal for point redemption, whereas bonus categories are related to business owners and primary car insurance.
- There are no travel perks but the cellphone and purchase protection, extended warranty, trip cancellation insurance, and reimbursement.
- Best for freelancers.
- A sign-up bonus gives you a generous $900 cash back for spending $6,000 on purchases in the first three months and unlimited 1.5% cash back on each business purchase.
- There is no annual fee, but high spending receives a sign-up bonus.
- One can maximize it by pairing it with the cards, including the chase Sapphire reserve, the chase Sapphire preferred, and the Ink business preferred.
- Best for an unlimited business cash-back card that offers 2% on all purchases with no limits on various categories.
- 5% cash back on hotels and rental cars booked through Capital One travel.
- No foreign transaction fees make it a great option as the best business card for travel.
- However, $150 could be a little pricey for small business owners.
While searching for the best business credit cards for travel, cash-back cards often earn more money for numerous travelers. However, don’t keep a balance on your card, as higher interest can charge from the rewards cards. It is better to have good credit scores with a low-interest credit card that can save money on interest.
Best international credit cards should not charge foreign transaction fees, whereas cash-back cards ensure transparency and flexibility in your rewards. Therefore, one can select the best credit card for traveling overseas for consumer value and suitability for specific travelers.
Take advantage of credit card perks with an annual fee, especially with co-branded cards. Free points can pay for airline cards, hotel nights, executive lounges, and many more. Be realistic in comparing the perks according to your demands and preferences.
Various factors which one can use for evaluation include:
- The card’s annual fee.
- Foreign transaction fees.
- Rewards earning rates.
- The comfort of use.
- Redemption options.
Along with domestic and international acceptance, promotional ARP period, bonus offers, cardholder perks such as automatic statement credits, airport lounge access, etc.