Tag: points

Discover 6 of The Best Business Credit Cards for Travel Points and A Little-Known Strategy to Improve Your Chance of Approval

Credit card rewards can be a great financing tool.  Rewards points can reduce major expenses when you redeem them for cash back, statement credit, and more.  If your business involves a lot of travel, travel points can be a huge budget saver. Strong business credit can help increase your chances of approval when it comes to business credit cards for travel points.

Increase Your Approval Chances When it Comes to Business Credit Cards for Travel Points, and Get our Top Picks for the Best Options

Of course, you will also need to do some research to determine which credit cards for travel points will work best for your business. Never fear, because we put together a list of some of the best business credit cards for travel to give you a head start.

Our Favorite Business Credit Cards for Travel Points

These are some of our top picks for credit cards that offer travel points, but remember, details can change often and without warning. Please check with the card provider directly to ensure you have the most current information.

Bank of Hope Credit Card

The Bank of Hope credit card offers many benefits.  There is no annual fee, and you earn 5,000 bonus points after spending $1,000  in the first 3 months. Not only that, but you also earn 3x points on gas, 2x points on travel and dining, and 1 point per dollar on all other purchases.  There is also a 0% introductory APR for 9 months.  After that, there is a variable APR of 12.49%, 16.49% or 20.49% based on creditworthiness.

Banner Bank Credit Card

Another good option is the Banner Bank Credit Card. There is a $19 per card annual fee, and you earn 3 TruRewards points per net dollar on retail, internet, phone or mail order purchases. You can redeem points for cash back, travel, gift cards or merchandise.  The best part, however, is the fixed 11.99% APR.

Business Advantage Travel Rewards Credit Card

The Bank of America Business Advantage Travel Rewards credit card is made for small businesses. It boasts a $0 annual fee. There is also a bonus of 30,000 bonus points.  Regular rewards include 1 point per dollar on all purchases, except for 3 points per dollar on travel purchases booked through the Bank of America Travel Center.  There is a 0% introductory APR for the first 9 billing cycles.  After that the APR is 12.24-22.24%.

PNC Travel Rewards Visa Business Credit Card

The PNC Travel Rewards Visa business credit card allows holders to earn 1 mile per $1 in eligible net purchases and double miles on the first $2,500 in eligible net purchases.  There is a variable APR of 10.99-19.99% and no annual fee.

Mastercard Money Manager Business Credit Card

With the Money Manager Business Credit Card from Mastercard, you can earn travel benefits or merchandise via Republic Bank’s ScoreCard rewards. There is no annual fee the first year, and a $95 annual fee thereafter.  You can also get automatic fuel discounts and 0% intro APR for 9 months. After the introductory period, the interest rate is 17.45%.

Synovus Business Travel Rewards Visa Credit Card

This Synovus Business Travel Rewards Visa Credit Card offers 0% APR for the first 6 months on purchases.  There is no membership fee the first year, and then $50 per year thereafter. You earn 5x points on up to $5,000 per year spent on travel purchases.  This includes hotel, airlines, car rental, and vacation packages.  You also earn 3x points on up to $3,000 spent quarterly for purchases in the category of your choice, and 1x points on all eligible purchases. There is no limit on points, and you can pay for purchases with points, subject to some restrictions.  Points are worth 20% more when redeemed for travel.

Tip: Strong Business Credit Can Help You Get Business Credit Cards for Travel Points

Despite the fact that most credit cards will pull your consumer credit report, business credit can still play a role in the approval process. If your personal score is not right where it needs to be, but your business credit score is strong, you are more likely to be approved. Not only that, but you will have a better chance at getting the best rates and terms available.

This is why it is important to ensure your business credit is where it needs to be. A business credit expert can help. Get a free business credit consultation now.

The post Discover 6 of The Best Business Credit Cards for Travel Points and A Little-Known Strategy to Improve Your Chance of Approval appeared first on Credit Suite.

What’s the Best Credit Card for Points?

Wondering how to find the best credit card for points? Well, it’s a question easier asked than answered.  Everyone has different needs.  Some businesses do a lot of travel, some entertain more, and others simply need to get cash back on purchases. Due to these differences, it can take some time to find just the right card for your business.

The Best Credit Card for Points Depends on a Number of Factors

The thing is, there is a wide variety of credit cards out there. Some offer points at different rates for different types of spending.  Of course, redemption options vary greatly as well. You need to find a card that offers the most points for the types of spending you do the most, as well as the best redemption offers that will save your specific business the most money.

Check out how our reliable process will help your business get the best business credit cards.

 

Also, if you’re asking yourself “Are credit card rewards taxable?” the answer is, they might be. It’s important to keep that in mind.  There could be tax consequences associated with credit cards as well.

Here are some options we like when it comes to credit card rewards for points, but remember, details change frequently. We make every effort to update them regularly, but be sure to check with the card provider directly to ensure you have the most up to date information.

Alpine Bank Visa Platinum Rewards

The Alpine Bank Visa Platinum Rewards card boasts a $0 annual fee. There is also a balance transfer APR of 10%.  You earn one point per dollar spent, which is pretty standard. However, you also earn a 5,000 point bonus after you spend $3,000 in the first four billing cycles.  When you do the math, that is less than $1,000 per month in the first four months to earn an extra 5,000 points.  The annual percentage rate is 21% for cash advances and Prime + 8.74-14.74% for all other purchases.  

Bank of Hope Credit Card

The Bank of Hope Credit Card also has a $0 annual fee.  Better yet, you can earn a 5,000 point bonus with this card as well.  But, you only have to spend $1,000 in the first three months!  You earn 3x points on gas, 2x on travel + dining, and one point per dollar on all other purchases.  To top it off, there is a 0% introductory interest rate for nine months.  After that, it’s variable at 12.49%, 16.49% or 20.49%, based on creditworthiness after the end of the introductory period.

Union Bank Business Preferred Rewards Visa Credit Card

Union Bank’s Business Preferred Rewards Card offers a very large points bonus of 10,000 points. To qualify, you have to spend $5,000 in the first 3 months. You earn 5X per dollar spent, up to $25,000 annually, on certain business expenses. Some of these include office supplies, utility bills, and telecom services.  After that, you earn one point per dollar. You also earn 2X points up to $25,000 on gas and dining, and one point per dollar after that.  All other spending is one point per dollar.

There is a 0% introductory interest rate for the first 6 months.  Going forward, 11.99-20.99% variable.  There is no annual fee.

Check out how our reliable process will help your business get the best business credit cards.

US Bank Business Leverage Visa Signature Card

With the US Bank Business Leverage Visa Signature Card, there is no annual fee for the first year.  After that it is $95 per year.  If you spend $7,500 in the first four months, you earn 75,000 points. You also earn 2X points in your top two spending categories.

PNC  Points Visa Business Credit Card

This PNC Visa Business Credit Card for points offers 5 points per dollar on net  purchases. There is an introductory interest rate of 0% on the first 9 billing cycles on purchases.  Also, earn a $200 bonus when you spend $3,000 during the first three billing cycles.  There is no annual fee.

Choose the Right Credit Card for Points for Your Business

How do you choose the right card for your business?  Consider your spending.  Do you spend a lot on dining? Then, pick the card that offers the most points back on dining with the best bonus offer. For example, in the list above both the Bank of Hope and the Union Bank cards offer 2x points on dining. They also offer bonus points.

You may be thinking that the 10,000 points bonus offered by the Union Bank card is better, and you are right. That is, if your business will spend $5,000 in the first three months.  If not, you will likely be better off with the Bank of Hope card, where the bonus is half that, but you only have to spend $1,000 in the first three months.

It’s also important to note that there are sometimes expiration dates on points, so be sure you will be able to use them before they expire. If not, they are worthless. Bonus points may expire faster than other points, so watch for that too.

Check out how our reliable process will help your business get the best business credit cards.

As you can see, it’s important to carefully weigh the details to get the best deal. There are a lot of options, and some of the offerings are for a limited time. If you pay close attention though, you can find the best credit card for points to benefit your business.

The post What’s the Best Credit Card for Points? appeared first on Credit Suite.