Welcome to the ultimate guide to finding the best business travel rewards credit card for July 2023. As a savvy business traveler, you deserve a credit card that not only offers great rewards but also caters specifically to your business needs. Whether you’re a frequent flyer or a small business owner looking to maximize your rewards, this guide has got you covered.
In this comprehensive article, we will explore the top business travel rewards credit cards available on the market. We’ll dive into their rewards rates, key benefits, and our expert editor’s take on each card. With this information, you can make an informed decision and choose the perfect card to elevate your business travel experience.
What to Consider When Choosing a Business Travel Rewards Credit Card
Finding the best business travel rewards credit card requires careful consideration of various factors. Here are a few key aspects to keep in mind when selecting the right card for your needs:
Rewards Rates and Categories
Consider the rewards rates offered by each credit card, especially in relation to your business travel spending. Look for cards that offer high rewards rates on travel-related expenses such as flights, hotels, and rental cars.
Additionally, some cards offer bonus rewards in specific spending categories like dining or office supplies. Assess your business spending habits and choose a card that aligns with your most frequent expenses.
Many business travel rewards credit cards offer lucrative sign-up bonuses for new cardholders. These bonuses often come in the form of bonus points or miles after meeting a minimum spending requirement within a specified timeframe.
Consider the value of the sign-up bonus and how it aligns with your business’s spending patterns. Look for cards that offer generous bonuses that can help offset your travel expenses.
The Top Picks for the Best Business Travel Rewards Credit Card
1. Ink Business Unlimited® Credit Card
Our rating: 4.0
Why we like this card
The Ink Business Unlimited® Credit Card offers an impressive flat cashback rewards rate on all purchases. With no annual fee, it’s a great option for small business owners who want to earn rewards without any category restrictions.
- No annual fee
- Unlimited 1.5% cashback on all purchases
- Introductory 0% APR for the first 12 months
- Foreign transaction fees
The Ink Business Unlimited® Credit Card is a solid choice for business owners seeking straightforward cashback rewards and a hassle-free experience.
2. Ink Business Cash® Credit Card
Our rating: 4.7
Why we like this card
The Ink Business Cash® Credit Card offers a compelling rewards structure, particularly for small businesses with high spending in office supply stores and telecommunications services. It also comes with a generous introductory 0% APR on purchases.
- High cashback rates in select business categories
- No annual fee
- Introductory 0% APR on purchases
- Foreign transaction fees
The Ink Business Cash® Credit Card is an excellent choice for small businesses that want to maximize rewards on office supply purchases and telecommunications services while enjoying a 0% APR introductory period.
3. Capital One Spark Miles for Business
Our rating: 4.2
Why we like this card
The Capital One Spark Miles for Business card is perfect for business owners who prioritize travel rewards. With unlimited miles on every purchase and flexible redemption options, this card offers great value for frequent travelers.
- No foreign transaction fees
- Flexible redemption options
- Miles don’t expire
- Annual fee after the first year
The Capital One Spark Miles for Business card is an ideal choice for frequent business travelers who want a straightforward and flexible rewards program.
Detailed Table Breakdown of the Top Business Travel Rewards Credit Cards
To help you compare and evaluate the top business travel rewards credit cards, we have compiled a detailed table below. This table provides an overview of the key features and benefits of each card, including rewards rates, signup bonuses, fees, and more.
|Card||Rewards Rate||Signup Bonus||Annual Fee||Foreign Transaction Fee|
|Ink Business Unlimited® Credit Card||1.5% cashback on all purchases||$750 cashback bonus after spending $7,500 in the first 3 months||$0||3%|
|Ink Business Cash® Credit Card||5% cashback on office supplies, internet, cable, and phone services (up to $25,000 per year); 2% cashback at gas stations and restaurants (up to $25,000 per year); and 1% cashback on all other purchases||$750 cashback bonus after spending $7,500 in the first 3 months||$0||3%|
|Capital One Spark Miles for Business||Unlimited 2 miles per dollar on all purchases||50,000 miles after spending $4,500 in the first 3 months||$0 intro for the first year, then $95||$0|
|Ink Business Preferred® Credit Card||3 points per dollar on travel, shipping, internet, cable, and phone services, and advertising purchases (up to $150,000 combined purchases per year); 1 point per dollar on all other purchases||100,000 points after spending $15,000 in the first 3 months||$95||$0|
|Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card||3% cashback in a category of your choice, 2% cashback on dining, and 1% cashback on all other purchases||$300 statement credit after spending $3,000 in the first 90 days||$0||3%|
|Capital One Spark Cash Select for Excellent Credit||Unlimited 1.5% cashback on all purchases||$500 cashback bonus after spending $4,500 in the first 3 months||$0||3%|
|Ink Business Premier℠ Credit Card||3 points per dollar on travel, shipping, internet, cable, and phone services, and advertising purchases; 1 point per dollar on all other purchases||100,000 points after spending $15,000 in the first 3 months||$95||$0|
|The Blue Business® Plus Credit Card from American Express||2 points per dollar on the first $50,000 in purchases each year; 1 point per dollar thereafter||N/A||$0||2.7%|
Q: How do business travel rewards credit cards work?
A: Business travel rewards credit cards allow you to earn points, miles, or cashback on your business-related expenses. These rewards can be redeemed for travel, statement credits, or other perks based on the card’s terms and conditions.
Q: Are there any restrictions on the rewards earned with business travel credit cards?
A: Yes, some business travel credit cards may have restrictions on the types of purchases that qualify for rewards. Make sure to read the card’s terms and conditions to understand any limitations or exclusions.
Q: Can I use my business travel rewards credit card for personal expenses?
A: While you can technically use your business travel rewards credit card for personal expenses, it’s recommended to separate your personal and business spending for accounting purposes.
Q: Is there an annual fee associated with business travel rewards credit cards?
A: Some business travel rewards credit cards may have an annual fee, while others offer no annual fee options. Consider the benefits and rewards offered by the card to determine if the annual fee is worth it for your business.
Q: Can I transfer my rewards to other loyalty programs?
A: Some business travel rewards credit cards allow you to transfer your earned rewards to partner loyalty programs. Check the card’s terms and conditions to see if this option is available.
Q: Are there any foreign transaction fees associated with business travel rewards credit cards?
A: Yes, certain business travel rewards credit cards may charge foreign transaction fees. If you frequently travel internationally, look for cards that do not impose these fees.
Q: Can I redeem my rewards for cashback?
A: Many business travel rewards credit cards offer cashback redemption options. However, each card may have specific rules and terms regarding cashback rewards, so review the card’s details for more information.
Q: Do business travel rewards credit cards offer travel insurance?
A: Some business travel rewards credit cards provide travel insurance benefits, such as trip cancellation/interruption insurance or rental car insurance. Check the card’s benefits guide to see what coverage is offered.
Q: How can I maximize the rewards on my business travel credit card?
A: To maximize your rewards, use your business travel credit card for all eligible business-related expenses. Take advantage of bonus categories, sign-up bonuses, and promotions offered by the card to boost your rewards accumulation.
Q: Can I add additional employee cards to my business travel credit card account?
A: Yes, most business travel credit cards allow you to add employee cards to your account. This can help consolidate expenses and earn rewards on their spending as well. Just keep in mind that you are responsible for all charges made on the employee cards.
In conclusion, choosing the best business travel rewards credit card for your needs can greatly enhance your business travel experience and help you save on expenses. By considering the rewards rates, signup bonuses, and fees associated with each card, you can find the perfect card to suit your business’s unique needs.
We hope this ultimate guide has provided you with the insights you need to make an informed decision. Remember to review each card’s terms and conditions before applying to ensure it aligns with your business goals. Safe travels and happy rewards hunting!
If you found this article helpful, be sure to explore our other articles on credit cards, personal finance, and travel for more valuable information.