When your credit is less than perfect, you have to choose a credit card based on what you can be approved for. But when you have excellent credit, then you can enjoy your choice of small business cards that offer the most competitive terms, rewards and benefits.
With excellent credit, choosing the right small business credit card for you will depend on how you plan on using it. If you are a frequent traveler, then you can apply for a premium travel rewards credit card that will offer you perks such as priority service and complimentary access to airport business lounges. But if you don’t travel much, then you might want a cash back rewards card that offers the most competitive rate of return.
Here are five small business credit cards that are ideal for those with excellent credit:
When you have excellent credit, then you can consider this premium rewards card, which is actually a charge card. This means that you are required to pay off your entire statement balance each month, although American Express does offer a pay over time feature that makes it more like a credit card.
The Business Platinum card currently offers new applicants up to 75,000 Membership Rewards, including 50,000 points after spending $10,000 within three months of account opening and another 25,000 points after spending an additional $10,000 within the same time period. It also lets you earn 5x points on all flights purchased directly from the airlines or at Amextravel.com, and 5x points on hotels booked through Amextravel.com. Business Platinum cardholders also earn 50% more points on business purchases of $5,000 or more.
Cardholder benefits include access to over 1,000 airport lounges that are part of the Delta SkyClub, Priority Pass Select and American Express Centurion networks. It also includes a $200 annual airline fee credit, a $100 credit toward the Global Entry application fee, and a 35% rebate on points redeemed towards eligible first and business class tickets purchased through American Express Travel. There’s a $450 annual fee for this card, and no foreign transaction fees.
If you have excellent credit and you are looking for a business credit card with the most competitive rate of cash back, then you should consider the Spark Cash card from Capital One. It offers unlimited 2% cash back on all purchases. It also features a sign-up bonus of $500 once you spend $4,500 on purchases within three months of account opening. There’s a $95 annual fee for this card that’s waived the first year, and no foreign transaction fees.
3. Delta SkyMiles Reserve card for Business from American Express
If you are a frequent Delta traveler and you have excellent credit, then this card is a great option. It offers new applicants 40,000 bonus miles and 10,000 Medallion Qualifying Miles when you spend $3,000 on your card within three months of account opening. The bonus miles can be used for award flights while the Medallion Qualification Miles help you reach the next tier of elite status in Delta’s SkyMiles program. You can also earn 15,000 Medallion Qualification Miles (MQMs) and 15,000 bonus miles when you spend $30,000 on purchases during a calendar year, and an additional 15,000 MQMs and an another 15,000 bonus miles after reach $60,000 in spending during the same calendar year.
Benefits include complimentary access to the Delta SkyClub airport business lounges for yourself, and a discounted rate for up to two guests. You also receive a companion certificate each year when you renew your card that’s valid for a economy or first class companion ticket for just the cost of the government taxes and fees. When traveling on Delta, you also receive a free checked bag, priority boarding and a 20% savings on in-flight food, beverages and entertainment. There’s a $450 annual fee for this card, and no foreign transaction fees.
4. United MileagePlus Business Club Card from Chase
Frequent flyers with United Airlines can benefit tremendously from this premium rewards card. It offers unlimited access to the United Club airport lounges, as well as your first and second checked bags for free. It also grants you Premier Access travel services which includes priority check-in, security screening (where available), boarding and baggage handling privileges.
With this card, you earn 1.5 miles per dollar spent on all purchases, and double miles on United purchases. New accounts also receive a $100 statement credit after their first purchase. Other benefits include World of Hyatt Discoverist status and Hertz President’s Circle Elite status.There’s a $450 annual fee for this card, and no foreign transaction fees.
5. Chase Ink Business Preferred
This premium small business card is now offering applicants with excellent credit 80,000 bonus points after making $5,000 in purchases within three months of account opening. This card also offers you 3x points on your first $150,000 spent each year on travel, shipping purchases, Internet, cable and phone services, and on advertising purchases made with social media sites and search engines each account anniversary year. You also get one point per dollar spent elsewhere.
Points are worth 1.25 cents each towards travel booked through the Chase Ultimate Rewards Travel site, or they can be transferred to airline miles or hotel points with travel partners. There’s a $95 annual fee for this card, and no foreign transaction fees.
Having emergency cash on hand can be your key to managing cash flow.
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