Cashback, travel points, or access to exclusive lounges—these cards provide a range of advantages to frequent business travelers. The right corporate travel card can increase your travel experience, maximize savings, and simplify company expense management.
What is a Corporate Travel Credit Card?
Corporate travel cards are special credit cards designed for businesses. These cards are given to employees during their business travel so that they can manage their finances well. With corporate credit cards, it became very convenient to access and keep a record of finances. Along with that, these cards provide many benefits, like access to airport waiting areas, free movie tickets, discounts on food, and more.
Best Credit Card for Business Travel
Here is a list of some of the best credit cards for your business travel:
American Express Credit Card
First on the list is the American Express Credit Card. This credit card is known for its amazing customer care services, and stats prove it. While holding this card, you are eligible for great discounts on dining in restaurants and more amazing offers. Shipping of this card is free at your address.
No annual fee.
Earn unlimited 1.5% cash back on all purchases.
No foreign transaction fees.
SBI Card ELITE
Next in the row is SBI Card ELITE. You get many advantages from holding SBI cards on your travels. Firstly, you’ll receive a welcome bonus and, additionally, costless movie tickets so you never go out of entertainment wherever you are. Along with that, you’ll receive costless six airport lounge access per year.
Earns 1% cash back on all purchases.
No annual fee.
Fit for businesses with average credit.
Chase Freedom Unlimited Credit Card
Getting something extra for your spending is always nice and the Chase Freedom Unlimited Credit Card makes this possible. This card comes with a bonus for new cardholders. Shopping and traveling are easy with this card, as you get exciting offers and cashback on your purchases or flight bookings.
Earns 1.5% cash back on all purchases.
No annual fee.
Provides free Social Security number alerts, free overnight card replacement, and 100% customer service.
IDFC Wow Credit Card
IDFC Wow is the easiest credit card to get with no documentation, credit score, or income proof required. Additionally, there is no joining, membership, or annual fee on this credit card. There are no forex markup charges and cards can be operated in all major currencies around the world.
No annual fee.
0% introductory APR on purchases for 12 months, then a variable APR of 18.49% to 26.49%.
Includes benefits such as extended warranty, purchase protection, and damage insurance.
Delta SkyMiles Gold American Express Card
Get free shipping on purchases, costless rental car insurance, worry less about luggage, and many more. You can access all these advantages when you have a Delta SkyMiles American Express Card. The most important thing about this card is that there is no expiry date for it.
No annual fee.
No foreign transaction fees.
2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each year.
Axis Atlas Credit Card
Axis Atlas credit card comes with packages to offer, such as silver, gold, and platinum. Each package has its benefits and offers different ranges of amounts to spend. Airport lounge access within a year, annual benefits, and more such things are allotted in all the plans.
No annual fee.
No foreign transaction fees.
Offers a 0% introductory APR on purchases for 12 months, then a variable APR of 18.49% to 24.49%.
Travel Credit Card Benefits for Business Travel.
Expense Management
The best thing about holding a credit card is that you can manage your expenses. Employees do not have to worry about asking for a slip on every transaction they make. As they can directly import the history of any transaction they make during their travel. Business travel is already packed up and all these little things create issues. But with your credit card, you can be less worried about financial things.
Welcome Bonus
Most business credit cards offer a welcome bonus on operating a new credit card. It is a win-win situation for the cardholder, as employees are getting a card and bonus too. For example, you may get 100,000 bonus points after spending $10,000 in purchases in the first three months of your card.
Reward Rates
On using your card when purchasing something, you may receive many rewards. Rewards are the plus gifts for you. For example, you might get discounts on your next purchase or you might get a few items for free too. All these gifts and rewards are based on your purchase with a credit card.
Foreign Transaction Fee
Since you’ll be using it for travel, you want a card with no or minimal foreign transaction fees. If your card gets you great exchange rates but you need to pay transaction fees every time, it negates any benefits you might enjoy. Most business travel cards offer no transaction fees, but it's best to double-check the fine print.
Annual Fee
Many cards that offer attractive travel benefits come with heavy annual fees. Generally, the higher the fee, the better the membership rewards. As such, the annual fee you pay will fluctuate based on the travel benefits and rewards that come with the card. If you’re careful about using all the perks your card offers, they could offset the fee. Otherwise, you may want to choose a different card.
Purchase Protection
Where will most of your traveling take you? No matter where you go, purchase protections should be a backup. It works as a form of insurance on your purchases and covers things like airfare, hotels, and rental cars. The credit card gives you purchase protection on your newly bought items or bookings accordingly. This could remove the need for you to purchase additional travel insurance.
Travel Benefits
Having a credit card can give you many more benefits while traveling. Travel credit cards offer well-paid discounts on domestic and international flight tickets. You just need to look for offers online using your credit card account or use a third-party travel app.
And it's a wrap!
A business travel card is a necessary part of any business. It gives you many advantages and offers on your purchases or bookings. With that, your business travel becomes easy and worry-free. Cards are easy to use and can be operated anywhere in the world, no matter where your business takes you. Your business trip will be as easy as swiping a credit card.
Worry less, perform more during your business travel, and don't forget your companion (credit card) with you!
