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Compare the best business credit cards for travel

Use one of the best business credit cards for travel to earn powerful and flexible travel rewards through your regular business spending.

For many people, travel rewards are the most lucrative credit card rewards out there.

While some people prefer the ease of cash back, travel rewards can be powerful if you’re a business owner who spends countless hours working hard on trips across the country or around the world.

Consider a travel business credit card if you often travel for business or if you simply want to save rewards to take the occasional personal trip. In this guide, we’ll explore how to find the best credit cards for business travel, including insurance coverage.

Best overall:
Business Platinum Card from American Express

Business Platinum Card from American Express logo
Credit recommended (700-)
Apply now
on American Express's secure site
700
Min. credit score
$499
Annual fee
Up to 1.25x
Membership Rewards
100,000
Welcome offer
The Business Platinum Card from American Express comes with a steep annual fee of $499, but the benefits can more than make up for it. If you've never had an American Express Small Business Card product before, you can get an enticing sign-up bonus.Earn a Welcome Bonus of up to 100,000 Membership Rewards points ($1,000 in statement credits that you can reinvest into your business). Earn 80,000 bonus Membership Rewards points when you spend $6,000 in purchases within the first three months. Plus, earn an additional 20,000 bonus Membership Rewards points when you make a purchase after your 14-month Card anniversary date.. Build up points towards a wide range of rewards when you charge items to your card. Earn 1.25 Membership Rewards points for every $1 spent on eligible purchases. Points never expire, and there is no limit to the amount you can earn.. Points never expire, and there is no limit to the amount you can earn. Plus, enjoy a generous range of travel benefits, purchase insurance (including employee card misuse protection) and a $0 fee for late payments. (This is a charge card, so you have to fully pay off your balance within the interest-free period or a 30% interest rate will apply.)
  • Sign-up bonus. Earn a Welcome Bonus of up to 100,000 Membership Rewards points ($1,000 in statement credits that you can reinvest into your business). Earn 80,000 bonus Membership Rewards points when you spend $6,000 in purchases within the first three months. Plus, earn an additional 20,000 bonus Membership Rewards points when you make a purchase after your 14-month Card anniversary date.
  • Earn rewards points. Earn 1.25 Membership Rewards points for every $1 spent on eligible purchases. Points never expire, and there is no limit to the amount you can earn.
  • Rewards points are transferable. Membership Rewards points can be transferred to many other loyalty and frequent flyer programs.
  • Long interest-free repayment period. Get up to 55 days to pay off your balance in full without accruing interest.
  • Travel insurance.Receive Emergency Medical Insurance, up to $500,000 Travel Accident Insurance, Car Rental and Theft Insurance, Trip Cancellation and Interruption Insurance, Hotel/Motel Burglary Insurance, Travel Emergency Assistance and a suite of other travel insurance coverage including Flight Delay, Lost and Stolen Baggage and Baggage Delay Insurance.
  • Car rental benefits. Get one car class upgrade for Hertz Gold Plus Rewards® members at participating Hertz locations, a discount of up to 25% off car rentals at participating AVIS and Carey locations and complimentary Car Rental Theft and Damage Insurance (MSRP of up to $85,000).
  • Purchase protection. This card comes with employee card misuse protection, which covers you if employees misuse their employee cards for unauthorized charges. Plus, get coverage for accidental physical damage and theft of items charged to your card and extend the original manufacturer's warranty on eligible items for up to 1 additional year.
  • Charge card. This is a charge card, which means you won't be able to carry a balance from month to month. If your balance is not paid in full within the interest-free repayment period (varies depending on a range of factors but can be up to 55 days days), you'll face an excruciatingly high 30% APR.
  • Annual fee. With premium benefits, this card is going to cost you. It comes with an annual fee of $499.
  • Supplementary card fees.If you hand out cards to employees, expect to pay $199 annually.
  • Foreign currency conversion fee.If you use your card overseas or for online purchases with international retailers, you'll face a foreign currency fee.
Annual Fee $499
Purchase APR
Balance transfer APR N/A
Welcome offer Earn a Welcome Bonus of up to 100,000 Membership Rewards points ($1,000 in statement credits that you can reinvest into your business). Earn 80,000 bonus Membership Rewards points when you spend $6,000 in purchases within the first three months. Plus, earn an additional 20,000 bonus Membership Rewards points when you make a purchase after your 14-month Card anniversary date.
Rewards Earn 1.25 Membership Rewards points for every $1 spent on eligible purchases. Points never expire, and there is no limit to the amount you can earn.

Best for hotel perks:
Marriott Bonvoy Business American Express Card

Marriott Bonvoy Business American Express Card logo
Credit recommended (700-)
Apply now
on American Express's secure site
700
Min. credit score
$150
Annual fee
n/a
Transfer APR
Up to 5x
Membership Rewards
If you travel frequently and are on the lookout for stylish and comfortable accommodations, the Marriott Bonvoy Business American Express Card could be the right card for you. Earn 5 points per $1 spent at participating Marriott properties, 3 points on gas, dining and travel and 2 points on all other spending. Plus, new cardmembers can earn 5 points for every $1 in purchases on eligible gas, dining and travel (excluding lodging) for the first 3 months of Cardmembership. Earn a Welcome Bonus of up to 85,000 Marriott Bonvoy points. Earn 70,000 points after you charge $5,000 in purchases to your card in your first 3 months. Plus, earn 5 points for every $1 spent on eligible gas, dining & travel (excluding lodging) for the first 3 months. Earn points that can be used toward discounted or free stays at dozens of luxury hotel brands worldwide and flights with some of the world's leading airlines. Plus, enjoy travel insurance coverage, employee card misuse protection, purchase protection and other complimentary benefits.
  • Sign-up bonus. Earn a Welcome Bonus of up to 85,000 Marriott Bonvoy points. Earn 70,000 points after you charge $5,000 in purchases to your card in your first 3 months. Plus, earn 5 points for every $1 spent on eligible gas, dining & travel (excluding lodging) for the first 3 months.
  • Regular credit card. Unlike most Amex cards, this is a regular credit card, so you won't have to pay your balance off every month to avoid a high, penalty interest rate (however, a regular purchase rate of 19.99%will apply).
  • Earn rewards points. Earn 5 points per $1 spent at participating Marriott properties, 3 points on gas, dining and travel and 2 points on all other spending. Plus, new cardmembers can earn 5 points for every $1 in purchases on eligible gas, dining and travel (excluding lodging) for the first 3 months of Cardmembership.
  • Travel insurance coverage. Receive up to $500,000 Travel Accident Insurance, Car Rental Theft and Damage Insurance, Hotel/Motel Burglary Insurance, Flight Delay, Lost and Stolen Baggage and Baggage Delay Insurance. Travel Emergency Assistance is also provided through round the clock customer service.
  • Additional insurance benefits. This card comes with employee card misuse protection, which covers you if employees misuse their employee cards for unauthorized charges. You can get coverage for accidental physical damage and theft of items charged to your card and extend the original manufacturer's warranty on eligible items for up to one additional year, although terms and conditions apply. Get complimentary Car Rental Theft and Damage Insurance (MSRP of up to $85,000). Terms apply.
  • Business tools. You can take advantage of expense management reports that make it simple to track expenses and prepare your taxes. Additionally, the annual fee for the primary card and supplemental cards may be tax deductible for your business (see a tax professional for more information).
  • Annual fee. This card has an annual fee of $150.
  • Supplementary card fees. Each additional card will cost $50 annually.
  • Foreign currency conversion fee. Pay 2.5% for transactions conducted in a foreign currency.
Annual fee $150
Purchase APR 19.99% fixed
Balance transfer APR N/A
Balance transfer fee
Rewards Earn 5 points per $1 spent at participating Marriott properties, 3 points on gas, dining and travel and 2 points on all other spending. Plus, new cardmembers can earn 5 points for every $1 in purchases on eligible gas, dining and travel (excluding lodging) for the first 3 months of Cardmembership.

Best for no foreign transaction fee:
Scotiabank Passport Visa Infinite Card

Scotiabank Passport Visa Infinite Card logo
Credit recommended (750-)
Apply now
on Scotiabank's secure site
750
Min. credit score
$139 ongoing
Annual fee
22.99% fixed
Transfer APR
Up to 5x
Points
The Scotiabank Passport Visa Infinite Card is a powerful travel companion. With a 0% foreign transaction fee, this card allows you to save while earning rewards points for every dollar you spend. Plus, you'll get travel benefits, car rental perks and more. Earn up to 40,000 bonus Scotia Rewards points in your first year (that’s up to $400 towards travel). Plus, get the annual fee waived in the first year and earn 5x Scotia Rewards points on travel for the first 3 months (up to $2,500 spend). Apply by November 21, 2021.
  • No foreign transaction fees. This card has a 0% transaction fee, so you can save on purchases when you travel or shop online with international retailers. (The exchange rate will still apply.)
  • Rewards points. Earn 2 Scotia Rewards points for every $1 spent on eligible grocery store, dining, entertainment and daily transit purchases, and earn 1 Scotia Rewards point for every $1 spent elsewhere. Plus, earn 5x Scotia Rewards points on travel for the first 3 months (up to $2,500 spend) when you Apply by November 21, 2021.
  • Sign-up bonus. Earn up to 40,000 bonus Scotia Rewards points in your first year (that’s up to $400 towards travel). Plus, get the annual fee waived in the first year and earn 5x Scotia Rewards points on travel for the first 3 months (up to $2,500 spend). Apply by November 21, 2021.
  • Travel perks. Receive a complimentary Priority Pass membership plus 6 free visits per year to over 1,000 airport lounges around the world.
  • Travel insurance coverage. Get up to $1,000,000 in Emergency Medical Insurance. Plus, get trip cancellation, trip interruption and travel accident insurance for free when you charge at least 75% of your trip costs to your card. Benefits also include coverage for flight delays, rental car collision loss/damage, hotel/motel burglaries and delayed or lost baggage.
  • Car rental discounts. Get up to 25% car rental discount + complimentary upgrades for Avis Preferred Plus members at participating Avis locations in Canada and the US. Plus get Rental Car Collision/Loss Damage Insurance coverage (up to $65,000).
  • Annual fee. This card has an annual fee of $139.
  • Eligibility requirements. You must have a minimum personal income of $60,000 annually or a household income of $100,000 annually to qualify for this card.
Annual fee $0 intro annual fee for the first year ($139 thereafter)
Purchase APR 19.99% fixed
Balance transfer APR 22.99% fixed
Balance transfer fee
Rewards Earn 2 Scotia Rewards points for every $1 spent on eligible grocery store, dining, entertainment and daily transit purchases, and earn 1 Scotia Rewards point for every $1 spent elsewhere. Plus, earn 5x Scotia Rewards points on travel for the first 3 months (up to $2,500 spend) when you Apply by November 21, 2021.

Best for earning Aeroplan miles:
TD Aeroplan Visa Infinite Card

TD Aeroplan Visa Infinite Card logo
Credit recommended (Good-)
Read review
Good
Min. credit score
$139 ongoing
Annual fee
22.99% variable
Transfer APR
Up to 2x
Points
The TD Aeroplan Visa Infinite Card is great if you're an Aeroplan member and fly frequently with Air Canada. Earn 1.5 points for every $1 you spend on gas, groceries and Air Canada purchases, as well as 1 point on everything else. T&C's apply. This card also comes with an attractive sign-up bonus for new cardholders. Earn 1.5 points for every $1 you spend on gas, groceries and Air Canada purchases, as well as 1 point on everything else. T&C's apply.
  • Sign-up bonus. Earn 25,000 Aeroplan points and get a Bonus Buddy Pass. Plus, get the first year annual fee waived for the Primary and 1st additional cardholder. Earn a total value of $1,250 in the first year. Conditions Apply. Apply by December 5, 2021.
  • Aeroplan Miles for every dollar. Earn 1.5 points for every $1 you spend on gas, groceries and Air Canada purchases, as well as 1 point on everything else. T&C's apply.
  • Earn 2X the Aeroplan Miles. Earn 2X the points when you buy at over 150 participating Aeroplan retailers or 100 online retailers through the Aeroplan eStore.
  • No expiry on points. As long as you're a cardholder, your Aeroplan Miles won't expire.
  • Travel perks. Get travel perks like NEXUS rebates, car rental discounts and free checked baggage with Air Canada.
  • Travel insurance coverage. Get up to $1,000,000 Travel Medical Insurance for the first 21 days of your trip or for the first 4 days if you or your spouse are 65+. Plus, get Travel Accident Insurance as well as coverage for trip cancellations and interruptions, delayed or lost baggage and flight delays. Additionally, cardholders can enjoy peace of mind with Emergency Travel Assistance Services.
  • Car rental perks. Get discounted rates at Avis and Budget car rental services with Auto Rental Collision/Loss Damage Insurance.
  • Extended warranty protection and purchase security. Most eligible new items bought with your card are automatically covered for theft or damage for up to 90 days
    after the purchase date. Plus, the original manufacturer's warranties of eligible items purchased with your card can be extended by up to 12 months.
  • Annual fee. This card has an annual fee of $139.
  • Minimum income requirements. You'll need to earn at least $60,000 annually or have a minimum annual household income of $100,000.
  • Minimum credit limit. Your credit limit can't be lower than $5,000 with this card, which could be problematic if you want to restrict your spending to a smaller amount.
  • Foreign transaction fees. When you spend overseas, you'll face a foreign transaction fee of 2.5%.
Annual fee $0 intro annual fee for the first year ($139 thereafter)
Purchase APR 19.99% variable
Balance transfer APR 22.99% variable
Balance transfer fee 3%
Rewards Earn 1.5 points for every $1 you spend on gas, groceries and Air Canada purchases, as well as 1 point on everything else. T&C's apply.
Please note: All information about TD Aeroplan Visa Infinite Card has been collected independently by Finder and this card is not available through this site.

Best for earning AIR MILES:
American Express AIR MILES for Business Card

American Express AIR MILES for Business Card logo
Credit recommended (700-)
Apply now
on American Express's secure site
700
Min. credit score
$180
Annual fee
n/a
Transfer APR
Up to 1x
Miles
Rack up AIR MILES faster and enjoy discounted rewards with the American Express AIR MILES for Business Card. Earn 1 AIR MILE for every $10 spent at eligible AIR MILES Sponsors and 1 AIR MILE for every $15 spent elsewhere. Plus, enjoy a suite of travel benefits, purchase protection and a generous interest-free repayment period. (This is a charge card, so you have to fully pay off your balance within the interest-free period or a 30% interest rate will apply.) Earn twice the AIR MILES by using both your AIR MILES Collector Card and your American Express AIR MILES for Business Card at AIR MILES Sponsors. As you earn Air Miles, you'll also get a 25% discount on business rewards when you redeem your Air Miles from your Dream balance for rewards from the Air Miles for Business Rewards catalogue. This catalogue is targeted toward small business owners, providing access to helpful merchandise, packages and experiences.
  • Sign-up bonus. Earn a Welcome Bonus of 2,000 AIR MILES when you spend at least $5,000 on eligible purchases within the first three months.
  • Rack up AIR MILES. Earn 1 AIR MILE for every $10 spent at eligible AIR MILES Sponsors and 1 AIR MILE for every $15 spent elsewhere.
  • Additional AIR MILES benefits Earn twice the AIR MILES by using both your AIR MILES Collector Card and your American Express AIR MILES for Business Card at AIR MILES Sponsors. As you earn Air Miles, you'll also get a 25% discount on business rewards when you redeem your Air Miles from your Dream balance for rewards from the Air Miles for Business Rewards catalogue. This catalogue is targeted toward small business owners, providing access to helpful merchandise, packages and experiences.
  • Long interest-free period. Maximize your cash flow with up to 55 interest-free days to pay off your balance in full. (Afterwards, an interest rate of 30% will apply.)
  • Travel insurance coverage. This card comes with up to $100,000 Travel Accident Insurance, Car Rental Theft and Damage Insurance, Baggage Delay Insurance, Lost or Stolen Baggage Insurance, Flight Delay Insurance and Hotel/Motel Burglary Insurance.
  • Car rental insurance coverage. Get complimentary Car Rental Theft and Damage Insurance (MSRP of up to $85,000) and redeem Air Miles to book car rentals with AIR MILES Partners.
  • Additional insurance benefits. This card comes with Employee Card Misuse Protection, which covers you if employees misuse their employee cards for unauthorized charges (you must have terminated the supplementary cardmember and canceled their card within 2 business days). Extend manufacturer's original warranties for eligible items charged to your card by up to one additional year. Plus, charge items to your card, and get complimentary coverage against physical damage for up to 90 days.
  • Business tools.Manage your cash flow with a lengthy interest-free repayment period and take advantage of expense management reports that make it simpler to track expenses and prepare your taxes.
  • Annual fee. This card has an annual fee of $180.
  • Charge card. This is a charge card, which means you won't be able to carry a balance from month to month. If your balance is not paid in full within the interest-free repayment period, you'll face an excruciatingly high 30% APR.
  • Supplementary card fees. Looking for extra cards for your employees? They'll cost $50 annually.
  • Foreign currency rate. Pay 2.5% for transactions conducted in a foreign currency.
Annual fee $180
Purchase APR
Balance transfer APR N/A
Balance transfer fee
Rewards Earn 1 AIR MILE for every $10 spent at eligible AIR MILES Sponsors and 1 AIR MILE for every $15 spent elsewhere

Best for earning Air Miles with no annual fee:
BMO AIR MILES Mastercard

BMO AIR MILES Mastercard logo
Credit recommended (660-)
Apply now
on BMO's secure site
660
Min. credit score
$0
Annual fee
9 months
1.99% intro transfer APR
Up to 3x
Miles
With the BMO AIR MILES Mastercard, you'll earn Air Miles while enjoying a $0 annual fee. Get 3x the AIR MILES for every $25 spent at eligible AIR MILES partners, and 1 AIR MILE for every $25 spent elsewhere. Plus, this card comes with an appealing balance transfer offer. Get a rate of 1.99% on balance transfers for 9 months. A 1% transfer fee will be charged for each transferred balance.
  • Balance transfer. Get a rate of 1.99% on balance transfers for 9 months. A 1% transfer fee will be charged for each transferred balance.
  • Signup bonus. Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash).
  • Annual fee. This card has a $0 annual fee.
  • Additional cardholders. You can get an additional card for $0.
  • Earn rewards. Get 3x the AIR MILES for every $25 spent at eligible AIR MILES partners, and 1 AIR MILE for every $25 spent elsewhere.
  • Earn even more. Get 2X the points by presenting your BMO Air Miles Mastercard and your Air Miles Card at participating Air Miles Partners.
  • Rental car. Get a discount of up to 25% off the base rate of rental vehicles at participating National Car Rental® and Alamo Rent A Car® locations.
  • Foreign currency. You'll face a foreign transaction fee of 2.5% every time you use your card overseas or online with international retailers.
  • Balance transfer fee. Should you take advantage of the balance transfer offer, you'll face a balance transfer fee of 1%.
Annual fee $0
Purchase APR 19.99% fixed
Balance transfer APR 1.99% intro for the first 9 months (then 22.99% fixed)
Balance transfer fee 1%
Rewards Get 3x the AIR MILES for every $25 spent at eligible AIR MILES partners, and 1 AIR MILE for every $25 spent elsewhere.

Compare some of the best business credit cards for travel

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
American Express Business Edge Card
57,000 points
Up to 3 points per $1 spent
19.99%
$99
Min. recommended credit score: 700
Earn up to 57,000 Membership Rewards points in your first year.
American Express Aeroplan Business Reserve Card
90,000 points
Up to 3x points
16.99%
$599
Min. recommended credit score: 700
Earn up to 90,000 Aeroplan points and a bonus Buddy Pass.
BMO Air Miles Business Mastercard
3,000 Miles
1 Mile for every $10 spent
19.99%
$120
Min. recommended credit score: 650
Get up to 3,000 AIR MILES Bonus Miles ($310 towards your purchases with AIR MILES Cash).
BMO Air Miles No-Fee Business Mastercard
1,000 Miles
1 Mile per $20 spent
19.99%
$0
Min. recommended credit score: 650
Get 1,000 AIR MILES Bonus Miles (over $100 towards your purchases with AIR MILES Cash).
American Express AIR MILES for Business Card
2,000 Miles
1 Mile for every $10 - $15 spent
N/A
$180
Min. recommended credit score: 700
Earn a Welcome Bonus of 2,000 AIR MILES when you spend at least $5,000 on eligible purchases within the first three months.
Business Platinum Card from American Express
100,000 points
1.25 points per $1 spent
N/A
$499
Min. recommended credit score: 700
Earn a Welcome Bonus of up to 100,000 Membership Rewards points ($1,000 in statement credits that you can reinvest into your business).
Marriott Bonvoy Business American Express Card
85,000 points
Up to 5 points per $1 spent
19.99%
$150
Min. recommended credit score: 700
Earn a Welcome Bonus of up to 85,000 Marriott Bonvoy points. Plus, earn 5 points for every $1 spent on eligible gas, dining & travel (excluding lodging) for the first 3 months.
American Express Business Gold Rewards Card
110,000 points
1 point per $1 spent
N/A
$199
Min. recommended credit score: 700
Earn a Welcome Bonus of up to 110,000 Membership Rewards points. If redeemed for statement credit, this is $1,100 that you can reinvest in your business.
American Express AIR MILES Gold Business Card
150 Miles
1 Mile for every $15 - $20 spent
19.99%
$0
Min. recommended credit score: 700
Earn a Welcome Bonus of 150 AIR MILES when you spend at least $1,000 in eligible purchases within the first three months
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Compare up to 4 providers

When to choose one of the best business credit cards for travel?

  • Separate personal and business expenses. There can be many benefits to getting a business credit card, such as establishing a business credit history, keeping your personal credit utilization low and acquiring employee cards. Plus, when it comes to tax time, keeping your business and personal expenses separate can prove very handy.
  • You travel a lot. If travel is a big business expense, you might have a great reason to get a business credit card for travel. Most notably, you can earn significant rewards for activities like flying and staying in hotels. You might also get other benefits like complimentary airport lounge access, travel insurance and more.
  • You want travel rewards. Even if you don’t travel much, a business credit card for travel might be useful. You can earn rewards throughout the year from normal business spending, then use your points or miles for an occasional getaway.
  • Insurance perks. Business credit cards for travel often come with travel insurance that you would otherwise have to pay for. By combining both needs into one financial product, you’re streamlining your business costs.

Can a business card affect my personal credit?

What type of travel insurance is available with business travel cards?

American Express, Scotiabank, TD Canada Trust and BMO are just some of the providers that offer business credit cards with varying degrees of travel insurance coverage. Though the type and amount of insurance available with each card can differ, you’ll generally find coverage that falls under one or more of the following policies:

  • Travel accident insurance. Coverage for death and dismemberment while travelling on a common carrier such as a bus, plane, train or ship.
  • Travel inconvenience coverage. Coverage for issues such as trip delays, luggage loss and trip cancellations.
  • Emergency assistance. Includes emergency ticket replacement, lost item assistance, referrals to lawyers, medical assistance and more.
  • Vehicle rental coverage. Provides insurance for loss or damage to your rental vehicle.

A closer look at business credit card travel insurance coverage

The best business credit cards for travel typically offer travel insurance coverage, but you’ll have to check each provider’s list of card features to verify exactly what types of policies are included. In addition, be sure to read about the conditions for travel insurance. Many credit card providers require that you purchase travel on your credit card and decline coverage from travel companies, like car rental businesses.

The table below provides examples of what you can get with some of Canada’s top business credit cards. Note that coverage depends on the terms and conditions outlined in each card’s insurance policy.

CardTravel insurance highlights
American Express AIR MILES for Business Card
  • Up to $100,000 travel accident insurance
  • $500 baggage insurance per claim
  • Includes insurance for car rental theft or damage, hotel/motel burglary, delayed flights and delayed baggage arrival
Apply now

Read card review

American Express Business Gold Rewards Card
  • Up to $100,000 travel accident insurance
  • $500 baggage insurance per claim
  • Includes travel emergency assistance, insurance for car rental theft or damage, hotel/motel burglary, delayed flights and delayed baggage arrival.
Apply now

Read card review

Marriott Bonvoy Business American Express Card
  • Up to $500,000 travel accident insurance
  • $500 baggage insurance per claim
  • Includes travel emergency assistance, insurance for car rental theft or damage, hotel/motel burglary, delayed flights and delayed baggage arrival.
Apply now

Read card review

Business Platinum Card from American Express
  • $500,000 travel accident insurance
  • $1,000 baggage insurance per claim
  • Emergency medical insurance (out of province/country) and travel medical concierge services
  • Includes travel emergency assistance, insurance for car rental theft or damage, hotel/motel burglary, delayed flights and delayed baggage arrival
Apply now

Read card review

American Express AIR MILES Gold Business Card
  • Up to $100,000 travel accident insurance
Apply now

Read card review

What to keep in mind about business credit cards with travel insurance

To get the most out of a business credit card with travel insurance, make sure you keep the following factors in mind:

  • Policy activation. In most cases, you need to use the credit card to pay for some or all of your eligible travel before you leave.
  • Annual fee. Make sure you weigh the cost of the annual fee against the potential benefits of the card, including travel insurance, to decide if it’s worth it for your business needs.
  • Additional cardholder fee. If you want to share your business credit card account with employees, make sure you check whether an additional cardholder fee will apply and how much it costs.
  • Interest rate. If you need to pay for some or all of your travel using the credit card, make sure you check the interest rate and factor in the cost that could apply if you don’t pay your balance in full by the end of your statement.
  • Other features. Remember to consider the other features of the card, including expense tracking, compatibility with accounting software and rewards.

How to compare the best business credit cards for travel

There’s no such thing as a perfect card. Rather, you’ll need to find the best credit cards for business travel that suit your unique corporate needs. While comparing different products, consider these factors:

Annual fee

A good starting consideration for any credit card is what it’ll cost you out of pocket. Typically, you’ll pay between $0 to $250 a year for a business credit card. For high-end cards, expect to pay upwards of $499 a year. The higher the annual fee, the more perks and complimentary extras a card tends to have.

Rewards

Certain cards offer accelerated points or miles for specific spending categories. If you accumulate rewards in these accelerated spending categories, you may find your card effectively pays for itself rather quickly. If you don’t want to keep track of different reward tiers, go for a flat-rate rewards card that offers miles or points on all spending.

Card type

In general, you’ll choose between a regular credit card or a charge card. A charge card is suited toward those who pay off their balance in full each month, while a regular credit card comes with less risk if you tend to carry a balance between billing cycles.

Most business cards are general cards, unlike the Marriott Bonvoy Business American Express Card, which is more specifically branded. A general credit card is typically a good choice if your spending is dispersed throughout several categories or if you don’t frequent hotels much.

You’ll earn points or miles you can spend on a variety of travel rewards, such as airfare, hotels, cruises and car rentals. Consider a hotel card if you’re a loyal customer of that specific hotel brand.

Signup bonus

Business credit cards typically come with lucrative signup bonuses. Before applying for a card, consider whether you can meet the minimum spend requirement to receive the full signup bonus. You get one chance to fulfill the requirement — if you don’t meet it within a specified period of time, you won’t get another shot.

Intro or low APRs

A balance transfer intro APR is helpful when you have existing business debt. Any 0% or low APR balance transfer period of six months or higher might be a good deal — but watch out for any balance transfer fees.

A low interest rate on purchases for the life of the card can be handy if you have an unpredictable cash flow or you anticipate large business purchases in the near future that you might not be able to pay off in full. Low interest rates usually sit between 8.99% to 15.99%.

Travel insurance coverage

Depending on the insurance coverage your business has, you may be interested in more or less travel insurance coverage offered by the credit card provider. It’s wise to have all potential travel risks covered, whether it’s through your regular insurance provider or your credit card provider.

Bottom line

A business credit card for travel can be a good choice if you travel often or want to save rewards for occasional personal trips.

To find the best business credit card for travel to suit your needs, compare different credit cards by weighing out the cost and rewards of each. If you’re not sure that a business credit card for travel is right for you, compare other business credit cards.

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