Business travelers will find the Citi / AAdvantage Executive World Elite Mastercard to be a great credit card. Cardholders get a complimentary Admirals Club membership. That’s good for free access to nearly 50 affiliated airport lounges worldwide. The membership covers the cardholder and up to two traveling guests. And it’s valued at $400. That nearly pays for the card’s $450 annual fee. The Executive card has broad worldwide acceptance through the Mastercard network. There’s also a $0 foreign transaction fee. That means no additional charges on international purchases. And Executive World Elite gives a first free checked bag on all domestic American Airlines flights. The cardholder and up to 8 companions on the same reservation are eligible for this benefit.
The best credit card for business travel is the Platinum Card from American Express because it offers perks such as an annual $200 airline credit and $200 Uber credit/VIP status. There’s also free access to more than 1,000 airport lounges worldwide. In addition, cardmembers are eligible for Gold member status in Hilton and Starwood’s loyalty rewards programs. Gold status offers luxuries such as free nights and complimentary room upgrades. All these benefits can help you travel in style for business while still saving money.
American Express Platinum does come with a couple of caveats. For starters, it’s a charge card. That means you have to pay the entire balance each month. There’s also a hefty $550 annual fee. And while the Platinum card has no foreign transaction fee, American Express cards aren’t as widely accepted outside of the U.S. as Visa or Mastercard.
Overall, if you travel frequently for business, pay the bill in full each month and will spend enough to capitalize on all the perks, the Platinum card should easily pay for itself.
The best high limit business credit cards are Chase Ink Business Preferred, Chase Ink Business Cash and Capital One Spark Cash for Business. They offer minimum credit limits of $2,000 - $5,000, but allow some users to start with higher limits based on their credit, income and debt. The better your credit situation (both personal and business), the more responsible you’ll seem to lenders and the more likely they’ll be to give you a higher credit line.… read full answer
Best high limit business credit cards:
Chase Ink Business Preferred: Minimum credit limit of $5,000, but could start at more than $25,000. 3 points per $1 spent in categories that rotate every year and 1 on everything else. $95 annual fee. Good credit required.
Chase Ink Business Cash: Minimum credit limit of $3,000, but could start at more than $25,000. 1% - 5% cash back, depending on the purchase category. $0 annual fee. Good credit required.
Capital One Spark Cash for Business: Minimum credit limit of $2,000, but could start as high as $30,000. Unlimited 2% cash back on all purchases. $95 annual fee, waived the first year. Good credit required.
Although there’s no way to know a card’s maximum limit for sure (as the issuers don’t disclose that), you can find out the minimum credit limit on many cards. And depending on how good your credit is, you may receive a lot more than the minimum.
Just look at Ink Business Cash. You’re guaranteed $3,000, but if they think you’re especially creditworthy, you can have $25,000+ as your starting limit. Your credit will have to be pretty flawless to get that, though, and you’ll need to show that your income and assets allow you to spend that much.
In any case, like most credit cards, business cards will often give you credit limit increases automatically if you consistently pay on time. So don’t be late and keep your credit in good shape and you’ll usually see your credit limit go up over time.
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