In this article we will talk about the Best Travel and Business Credit Cards to use in 2023 via Afrokonnect.
High spending limits, insurance perks, rewards like air miles and cash back are just some of the features of a top-tier business credit card.
I will show you the most popular choices and help you figure out which business credit card is right for you.
Below, I’ll summarize the most salient aspects of each option, including their advantages, disadvantages, costs, and other relevant factors.
Best Business Credit Cards: 2023 Reviews
1. Chase Ink Business Cash
The Chase Ink Business Cash credit card is one of the most advantageous option currently available to commercial customers.
We find them useful for a wide variety of corporate applications because of their benefits and adaptability.
In exchange for the money you already spend, Chase gives you excellent benefits.
Discount of 5% on the first $25,000 spent annually on Internet, cable, and business phone services
When you spend $25,000 or more at restaurants and petrol stations, they’ll give you 2% of that back in cash.
All other purchases are eligible for unlimited 1% cash back.
If you spend as much as you can in the first two categories, you can earn up to $1,750 each year in cash back.
When you use your Ink Business Cash card, you’re already protected by Chase’s comprehensive protections.
When renting a car, you don’t have to take the collision insurance the company offers. Fortunately, you can count on Chase Ink Business Cash.
In the event of loss or damage to a purchased item within 120 days of receipt, cardholders are covered up to $10,000 per claim and $50,000 per account.
In addition, it adds a year to the applicable manufacturer’s warranty for eligible purchases.
The Ink Business Cash Card does not charge an annual fee and allows you to issue unlimited replacement cards at no expense to your business.
2. American Express Blue Business Cash Card
The American Express Blue Business Cash Card offers all the perks of the standard American Express card without the expense.
You will receive a cash back reward of 2% on all purchases up to a maximum annual value of $50,000.
Thereafter, you’ll get one percent back in cash on all future transactions.
You won’t have to do anything to get your rewards; they’ll just show up on your next statement.
The spending limit options that come with this card are one of the things that appeal to me about it.
By using American Express, you can extend your purchasing power beyond your credit limit.
Don’t interpret that as carte blanche for spending, though.
Excess funds may be made available to you based on your payment history, current balance, and other considerations.
With this card, American Express provides cardholders with exceptional travel and transportation benefits.
You will not only be covered for loss and damage to the rental automobile,
But you will also have access to services that are available around the clock via a global hotline whenever you are more than 100 miles away from home.
When you enroll in this program, you gain access to coordinated emergency services in the areas of law, finance, medicine, and more.
Additional features of the Blue Business Card are:
- Cards for employees are provided at no cost.
- End-of-the-year spending breakdown broken down by category and itemized cost reports
- Alerts and monitoring for your accounts
- Increase the duration of the warranty provided by the retailer or manufacturer
- Legal Shield When You Buy
- When it comes to customer service, American Express has a stellar reputation. Their mediation and arbitration services are unmatched.
3. Chase Ink Business Preferred
In comparison to the Ink Business Cash card, the Chase Ink Business Preferred card comes with a superior set of advantages and rewards.
Customers, on the other hand, will be required to pay a yearly fee of $95.
In comparison to cash back, rewards points are a superior option for business owners that make larger, more frequent purchases.
Spend up to $150,000 on any combination of the following and receive 3 points for every $1 spent:
- Transportation options including taxis, trains, and car rentals
- Spending on online search and social media advertising
- Cable, Internet, and Phone Bill
Spending in these areas might net you up to 450,000 bonus points annually. You will earn one point for every dollar spent on anything else, forever.
You may get 25% more value out of your Chase Ultimate Rewards points when you use them to book travel.
The value of 80,000 points, for instance, can be redeemed for about $1,000 in travel expenses.
In addition, you can move your points over to other frequent flyer programs at a one-to-one ratio.
Coverage for rental car collisions, lost or stolen cell phones, and trip cancellation/interruption are all included with the Chase Ink Business Preferred credit card.
Chase will pay up to $5,000 in non-refundable, pre-paid business travel expenditures if you are unable to make it on a business trip or have to cut it short due to illness or weather.
Travel expenses, including as flights, lodging, and guided excursions are covered.
Earn up to 100,000 additional points annually by referring other business owners to the Ink Business Preferred Card (20,000 per approved referral).
Best Travel Credit Cards to use in 2023
4. CitiBusiness AAdvantage Platinum Select World Mastercard
If you frequently fly with American Airlines for work, the CitiBusiness AAdvantage Platinum Select World Mastercard is the finest business credit card for you.
Consider applying for this card if you or your workers take advantage of American Airlines’ frequent flyer program on a regular basis.
After reading about their perks, you might start thinking about switching to American Airlines.
Travel Credit Cards Advantages:
There will be no charge for the first checked bag for you and up to three companions.
The cost of all meals and drinks served on board will be reduced by 25%. Save 25% on Wi-Fi during your flight.
Credit Card Benefits and Rewards:
Spending on things like cable, phone, gas, and auto rentals earns you double the miles per dollar.
You can earn double miles on all American Airlines purchases for every dollar you spend.
You will earn one mile for every one dollar spent on any and all other purchases.
After spending $30,000 a year, you’ll be eligible for a Companion Certificate good for domestic travel on American Airlines.
If a company has a high volume of consistent expenses, it will be simple to achieve this.
The coupon is good for one free domestic round-trip flight for someone else traveling with you.
Take note that you will still be responsible for taxes and other costs.
If you use American Airlines frequently enough, the annual charge will be money well spent.
If you always bring a bag on a plane journey, it will cost you an extra $100 for two round-trip tickets. There and then, the card pays for itself.
Best Small Business Credit Cards in 2023
5. American Express Business Gold
If you want to rack up a lot of points quickly, the American Express Business Gold card is an excellent choice.
With this card, you are able to earn four times as many membership points as you would normally on the top two categories,
In which your company spends the most money throughout each billing cycle.
All of these fall into one of the following classes:
- Spending on marketing and advertising
- Everything related to computers, including hardware, software, and cloud services
- Service Gasoline
The first $150,000 you spend annually in your two preferred spending categories will earn you four times the normal number of points.
After that, you’ll get a point for every dollar you spend.
Consequently, this card is ideal for organizations who incur substantial annual expenditures.
When it comes to loyalty incentive programs, American Express is hard to beat.
Any of a wide variety of well-known loyalty programs will accept your points.
When using AmEx Travel to reserve a flight, you can use your points as payment.
If you do that, you can get back 25% of those points.
There are no hidden costs for using your card abroad, and you can take advantage of the worldwide assist hotline, insurance for your rental car, and baggage, and more with American Express.
When you use your Amex Business Gold card for a two-night stay at a partner hotel or resort,
You’ll be eligible for a complimentary room upgrade and a $100 credit toward food, spa services, or other resort activities.
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6. Chase Ink Business Unlimited
Chase offers a business credit card called Ink Business Unlimited that functions similarly to the Ink Business cash card.
But there are different ways to get rewards.
Cash back on purchases made with the Ink Business Cash card will vary by category and will be subject to annual maximums and minimums.
An easier option is the Ink Business Unlimited Credit Card. For all purchases, your cash back rate is 1.5%.
All other features and perks are the same as the Ink Business Cash card.
Spend $3,000 on the card within the first three months and receive a $500 cash back bonus.
In contrast to many other business credit cards, the Chase Ink Business Unlimited card does not have an annual fee.
Best Travel Credit Cards in 2023
7. Capital One Spark Miles For Business
If you frequently travel, the Capital One Spark Miles card will be your go-to.
Miles are awarded as a reward rather than money or points.
One card is free and has fair benefits, while the other has a $95 annual cost but offers superior bonuses.
Aside from that, though, there is very little difference between the two cards.
To give you an idea of what each one entails, I will summarize them as follows:
- Capital One Spark Miles
- Annual cost of $95 (waived the first year)
- Every purchase you make earns you two miles for every dollar spent.
- Booking travel expenses with Capital One earns you 5x miles for every $1 spent.
- Capital One’s Spark Miles Select
- A yearly cost of zero dollars
- For all purchases, you can earn 1.5x miles for every $1 spent.
Spending on hotels and vehicle rentals made through Capital One earns 5 miles for every dollar spent.
If you are not willing to pay an annual fee, the Spark Miles Select card is your best option.
Spark Miles card’s $95 annual fee is reasonable if you take frequent trips.
Best Travel and Business Credit Cards: How to Choose the Right One in 2023
Having examined the best business credit cards, you must now select one for your own use.
However, the ideal business card for me may not be ideal for you.
Each person’s predicament is unique.
The same methodology can be applied to determine which course of action is in your company’s best interest.
The yearly fees on the cards we looked at varied from $0 to $295.
There are other fees charged on a monthly basis, in addition to maintenance fees, which you need to take into consideration.
If you plan to spend enough to make the most of the benefits and discounts, the annual cost is justified.
If you’re a one-person sole proprietorship operating out of a spare bedroom, you generally don’t need a credit card that has an annual fee.
You should look out for things like the annual percentage rate (APR), cash advance costs, foreign transaction fees, transfer fees, and late payment fees.
However, expenses such as currency conversion fees can quickly pile up when traveling abroad.
Benefits and Rewards
When comparing different business credit cards, bonuses and perks should be prioritized.
A number of credit cards provide rewards in the form of cash back, while others award points or miles.
As a general rule, cash back is the best option.
Business travelers, digital nomads, and frequent fliers alike can all benefit from using a credit card that offers frequent flyer points.
Just be sure that you understand how incentives are obtained as well as any requirements that may be associated with them.
There may be a yearly cap on the total amount of rewards you can accumulate with some cards.
You and your company’s credit may be scrutinized for approval of certain cards.
A credit score under 700 means you won’t be approved for some credit cards.
But don’t worry there are a lot of Credit Repair companies out there you can run to for help.
Additionally, some business cards require that your company be legally recognized as a separate entity.
You can apply for several other cards with simply your name and Social Security Number (SSN).
Some business credit cards are only accepted at a certain loyalty partner’s establishment.
You can get a credit card from American Airlines, like the CitiBusiness AAdvantage Platinum Select World Mastercard.
Avoid airline and hotel credit cards whenever possible because you won’t get as many points when you shop somewhere else.
Therefore, you should focus on accumulating transferable points, miles, or cash back that may be spent at any hotel or airline.
These loyalty programs are most beneficial if you have a high likelihood of flying with a single airline frequently.
A good example of where an AAdvantage card may be useful is if you regularly travel between Chicago and Dallas (both major American Airlines hubs).
A company with annual expenses of $10,000 should not share a credit card with one that has annual expenses of $100,000.
The types of purchases you regularly make can also play a role in determining which card is best for you.
Spending at restaurants and petrol stations can earn you bonus points with some credit cards.
There are those who will reward you for paying for their services with additional bonuses.
When deciding which credit card to use, you have a wide variety of bonuses to consider.
That said, here are a few examples:
- Welcome offer
- Purchase Confidence
- Extended Guarantees
- Employees receive free cards
- Security via Insurance (travel, car rental, baggage)
- Faster boarding service
- Cost-free checked luggage
- Rewards from hotels
That’s just the beginning of a long list of possibilities.
Discover a card with benefits that work well with your company’s spending and lifestyle.
Signing up for the American Express Business Gold card, for instance, earns you 50,000 bonus points after spending $5,000 in the first three months.
But this card is not for you if you don’t regularly spend $5,000 on purchases every three months.
The annual fee of $295 is too much for what you get.
Brief Overview of the Best Credit Cards for Businesses
A credit card is essential for any business owner.
Credit card firms have listened to consumers’ desires and developed products with a variety of features, rewards, and advantages.
There is a credit card out there that is ideal for you, regardless of whether you are interested in cashback, miles, or points.
Some of these credit cards are better suited for large companies that travel regularly,
While others are more appropriate for solo entrepreneurs and owners of small enterprises.
Looking for the quick-and-easy solution? Chase Ink Business Cash or Blue Business Cash AmEx are the best business credit cards for most people.
Best Business Credit Cards of 2023: A List of the 7 Most Reputable Options
- Chase Ink Business Cash
- Blue Business Cash Amex
- Chase Ink Business Preferred
- CitiBusiness AAdvantage Platinum
- American Express Business Gold
- Chase Ink Business Unlimited
- Capital One Spark Miles
Best Travel Credit Cards of 2023
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