Best Business Airline Card: United Business Card
Earn up to 150,000 bonus miles. Earn 75,000 miles after you spend $5,000 on purchases in the first 3 months your account is open. Earn an additional 75,000 miles after you spend $20,000 total in the first 6 months.
|Rewards Earning Rate||Earn 2 miles per $1 on United purchases, at restaurants, gas stations, eligible local transit, and office supply stores. 1 mile per $1 spent on all other purchases. 5,000 mile loyalty anniversary bonus.|
|Balance Transfer Fee||Either $5 or 5% of the amount of each transfer, whichever is greater.|
|Cash Advance APR|
|Either $15 or 5% of the amount of each transaction, whichever is greater.|
- Why We Chose This Card:
- Pros & Cons
The United Business Card tops our rankings of business airline cards due to the superior value of its miles and multiple routes to earn them. With a signup bonus of 75,000 miles, this card’s bonus is worth about $1,950 in flights for the average traveler. Purchases from United, along with other popular spending categories, earn double miles, providing an ongoing opportunity to accumulate mileage wealth. Card benefits include two one-time United Club lounge passes, priority group 1 boarding, primary auto insurance coverage, and a fee waiver on your first checked bag. Paying the $99 annual fee is worth it for most United travelers because you’ll save far more than that with the free checked bag benefit since United charges up to $35 each way per checked bag.
There Are Four Ways To Skirt The Personal Credit Check Issue:
So, you do have options if you dont want the credit card issuer to check up on your personal credit score. While you responsibly use one of those four options, work on improving both your business and your personal credit history. That way, youll be able to get the best business credit cards for your small business in the future.
Meet Our Credit Cards Expert
Ben Woolsey is Investopedia’s Associate Editorial Director of financial products and services, including credit cards. He has more than 30 years of experience in the financial services industry, including marketing for banking and financial institutions such as Associates First Capital and Bank One. Prior to Investopedia, he managed credit card content for CreditCards.com and Bankrate.com.
You May Like: Jcp Rewards Credit Card
American Express Business Gold Card Instead Of American Express Gold Card
The Amex Business Gold card offers outsized earning potential.
American Express® Business Gold Card Details
Welcome Offer: 70,000 Membership Rewards® points after spending $10,000 on eligible purchases within the first 3 months of opening an account
Annual Fee: $295
Earning: 4 Membership Rewards® points per dollar on the 2 select categories where a business spends the most each month. 1 point per dollar is earned for other purchases. The 4 point per dollar earning rate applies to the first $150,000 in combined purchases from the 2 eligible categories each calendar year
Terms apply. See rates & fees.
Other Benefits: The card waives foreign transaction fees, and cardholders receive 25% of their points back on Pay with Points flight redemptions, up to 250,000 points back per calendar year.
Why Get It Instead Of The Consumer Card
As with many other cards on this list, you might want to consider the business version if you already have or had the personal one.
The Amex Business Gold typically comes with a lot more bonus points as part of its introductory offer than the personal Amex Gold Card. More than that, though, if you can maximize the Amex Business Golds bonus spending categories, this card is a stratospheric earner.
On the other hand, you wont earn increased rewards in popular categories like U.S. supermarkets like with the Amex Gold Card. But you could carry both and diversify the places at which youre pulling in more points.
Pros Of Business Credit Cards That Dont Report To Personal Credit
- Ongoing activity wont impact your personal credit: With business credit cards that dont report to personal credit, you dont run the risk of your businesss activity damaging your personal credit. This is a great way to protect your personal credit score when you own a business.
- Business credit cards typically accumulate higher balances. However, these cards wont report this information to personal credit bureaus, which can help keep your personal credit utilization ratio low. A low credit utilization ratio is a good way to maintain a strong personal credit score.
You May Like: Penney Credit Card
What Do Issuers Report To The Credit Bureaus
How does a business credit card affect your personal credit? It might depend on the credit card issuer.
Not all credit card issuers report the same information to the three major credit bureaus . Some issuers report all business card activity to the bureaus, which means that your business credit card could either have a positive or negative impact on your personal credit history and credit score. Other issuers only report business credit card information in case of default.
Heres the reporting policy for business credit cards by issuer:
Does A Credit Check Hurt My Personal Credit Score
Your business credit cardâs impact on your personal credit score varies by the bank you use.
Some banks, like Capital One and Discover, report all business credit card usageâboth the good and the badâto the personal credit bureaus. Other banks, like Chase and U.S. Bank, report to the personal credit bureaus only if your account is seriously delinquent. American Express only reports negative information, too. Finally, BBVA, Bank of America, Wells Fargo, and Citibank dont report your business credit cards usage to the personal credit bureaus at all.
If youâre worried about your business credit card hurting your personal credit score, you might want to choose a bank that isnât likely to report usage. On the other hand, if youâre confident that youll make on-time payments, and you want to build up your personal credit score, you can choose a bank that always reports to personal credit bureaus.
Read Also: How To Pay Best Buy Credit Card On App
Wells Fargo Business Elite Card: Best For Lowest Ongoing Apr On Larger Businesses
Why we like it: The Wells Fargo Business Elite Card® is designed for businesses that make more than $1 million in annual revenue. It offers decent ongoing rewards with the flexibility to earn either points rewards or cash back. Although the ongoing rewards are not the best, this card offers a lower purchase APR than most business credit cards, which can be a selling point for some.
This card charges an annual fee thats the highest on the list, which may deter some business owners. However, big spenders have a crack at earning one of the highest introductory bonuses on a business card that can offset the annual cost for the first year. Plus, youll get a $100 annual reimbursement for travel expenses that makes sticking with this card long-term even more beneficial.
Best Business Hotel Card: Marriott Bonvoy Businessamerican Express Card
Earn 75,000 bonus Marriott Bonvoy points after you use your new Card to make $3,000 in eligible purchases within the first 3 months of Card Membership. Plus, earn up to $150 back in statement credits on eligible purchases made on your new Card within the first 3 months of Card Membership.
|Rewards Earning Rate||Earn 6x points at hotels participating in the Marriott Bonvoy program. Earn 4x points at U.S. restaurants, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping. 2x points on all other eligible purchases.|
|Cash Advance APR|
- Why We Chose This Card:
- Pros & Cons
The Marriott Bonvoy BusinessAmerican Express® Card is our choice for the best business hotel card due to its strong bonus rewards on Marriott expenditures as well as those at U.S. restaurants and U.S. gas stations, making it an ideal business travel and entertainment card. It has a $125 annual fee but that is easily justified by the benefits of automatic Silver Elite status and the annual free night certificate . We value the 75,000 one-time bonus at $833 when redeemed for stays at Marriott properties.
Outstanding rewards on Marriott stays and select spending
Complimentary Marriott Bonvoy Silver Elite status
Bonus night on card anniversary
Dismal rates on non-Marriott redemptions
High spending required to earn second free night
Cannot earn higher elite status based on spending
You May Like: How To Pay Best Buy Credit Card On App
Checking With Business Credit Bureaus
You’ll want to make sure that your business information is up to date with the three credit bureaus that track business credit: Dun & Bradstreet, Experian and Equifax. Make sure that your business address and other contact information is correct, along with varying other information that each bureau stores. Unfortunately, there is no list of standard information that all bureaus report, but you can contact each bureau independently to inquire about setting up your business credit profile and ensuring your data is up to date:
Dun & Bradstreet: You can build your profile online for free or call800-591-8534
How Do You Apply For A Business Credit Card
Once you’ve selected the right card for your business, it is time to apply for your credit card. Each bank’s application process is a little different, but they generally ask for the following information. Having this information readily available while applying will make the process go smoothly and quickly:
- Business name
- SSN or EIN
- Business owner names, titles, and SSNs
- Personal information for each owner: date of birth, mother’s maiden name, address, income
- Business address and phone number
- Annual revenues
- Industry that the business operates in
- Estimated monthly spend on your new card
Expect to spend 10 to 20 minutes completing the business credit card application, depending on how much information you need to provide.
Depending on your application details, you may receive immediate approval for your new business credit card. The application may go into a pending status for a manual review. If you don’t receive an automatic approval, you should receive a decision in the mail within one to two weeks.
Before applying for your business credit card, think through these questions:
Knowing your answers to these questions will help you narrow down your choices to pick the best business credit card for you.
Don’t Miss: How Do I Check My Cabela’s Credit Card Balance
Be Wise About When You Use Your Card
Business credit cards can be a great way to pay for operating expenses. But if you need to finance inventory or equipment, it can be harder to pay that off quickly.
Whats more, you may qualify for a lower interest rate with a business loan or some other form of financing. Consider all of your options before you pick one.
What You Need To Apply For A No Personal Guarantee Card
To start, your business will need to be financially stable. For example, the Brex card we list below can require, in some cases, that you have at least $50,000 in the bank. Other corporate cards without personal guarantees may have similar or even stricter requirements, such as over $1 million in annual revenue.
Beyond your businesss financial stability, you may also need to demonstrate consistent spending patterns and have an otherwise healthy financial history. Bear in mind that if you want to go the corporate card route, you probably arent eligible if your business is a sole proprietorship or otherwise not registered as an S-corp, C-corp, or LLC.
You May Like: My Best Buy Visa Card Payment
Options For Getting A Business Credit Card Without A Credit Check
There are many types of business credit cards out there, and some may be available to people who dont want a credit check or who have bad credit.
Corporate cards. Corporate cards dont require a personal credit check because the company is liable for the debt. But if youre just starting out or your revenue is in the thousands, not the millions, you likely wont qualify for a corporate credit card.
Secured cards. While secured cards may require a credit check, most business owners are likely to qualify. Thats because secured cards require a deposit that the issuer can seize for nonpayment. That cash limits their risk, making secured cards some of the best business credit cards for bad credit.
Business debit cards. Debit cards arent credit cards, as your spending is tied to your cash balance in a linked business checking account. But business debit cards typically dont require a credit check and may make sense for business owners who want to use plastic to better keep track of their own transactions or their employees spending.
Nonbusiness credit cards. You dont necessarily need a business credit card for your business finances. You could get a separate personal credit card instead, and some personal credit cards dont require a credit check. These cards may help your personal credit a must for future financing but theyll lack features like employee cards and often come with lower limits than business credit cards.
Factors That Affect Your Credit Score
First off, its essential to understand that not all credit scores are the same. As such, even at a given point in time, you dont have just one credit score. Instead, your credit score may differ across calculation methods and credit reporting agencies. For example, your Experian FICO Score may be different than your TransUnion VantageScore.
arent publically known. However, FICO states that it calculates credit scores using credit data from your credit report in the following proportions:
- Payment history : History of paying credit accounts on time
- Amounts owed : Amount of available credit youre using, also known as
- Length of credit history : How long have your credit accounts been established and how recently have you used each account
- New credit : Opening multiple credit lines in a short period may indicate risk to a lender
- : Use of different types of credit
Don’t Miss: Cabela Club Card
Should I Get A Business Card That Doesn’t Affect Personal Credit
If you can imagine making a few slip-ups with business credit, you might want to get a card that doesnt report to consumer credit bureaus as a precaution. But generally, it’s a better idea to apply for the card that offers the rewards and benefits youre most interested in, instead of focusing on the cards reporting policy.
Its important to be mindful of how your business credit card affects your personal credit. But dont make the mistake of thinking you can get rid of all your personal liability by choosing a business credit card that doesn’t report to consumer credit bureaus. If you want to protect your personal assets, your best bet is to borrow sparingly and pay your bill on time, every time.
Business Travel Credit Cards Vs Business Cash Back Credit Cards
The key difference between business travel credit cards and business cash back credit cards is the type of currency they earn.
Business travel cards earn miles or points that can be used to redeem for free travel through certain card issuer reward platforms or, in the case of co-branded cards, with specific airlines or hotels.
The types also differ in their annual fees. As a rule, business travel cards have fees, and most business cash back cards do not. One exercise to help decide between a travel card with an annual fee and a no-fee cash back card is to calculate whether your yearly spending will generate enough value to fully offset the travel card’s annual fee.
If the rewards are sufficient, and the card’s extras contribute additional value for you, the travel card may be the better choice. However, you might favor a no-fee cash-back card if you’re uncomfortable with paying for a card. That is especially the case if the fee for the card is on the high side and its benefits aren’t especially compatible with your travel preferences and style.
Read Also: Svcsapps Charge
Citibusiness / Aadvantage Platinum Select World Mastercard: Best For American Airlines Rewards
CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®
Frequent American Airlines flyers who want premium airline perks
- 2 AAdvantage® miles on telecommunications, car rental, gas station purchases
- 2 AAdvantage® mile on eligible American Airlines purchases
- 1 AAdvantage® mile on other purchases
- First checked bag free
- Priority boarding on American Airlines flights
- Blackout dates for select booking
- Some rewards redemption fees may apply
- Free checked bag: Check one bag for free for you and up to four companions traveling with you to domestic itineraries if they are listed on the same reservation
- Preferred boarding: You and up to four traveling companions will be able to board once priority boarding is complete but before the rest of economy boards
- American Airlines companion certificate: Earn one $99 domestic economy fareplus $21.60 to $43.40 in government taxes and feesafter you make at least $30,000 in eligible purchases each 12-month period before your card anniversary date
- Savings on inflight purchases: Receive a 25% discount on inflight food, beverage, and Wi-Fi purchases you make with your CitiBusiness credit card