Top Credit Cards For Business Executives
Executives often travel for business, entertain potential and existing clients, and have other unique expenditures as part of their duties. Therefore, it’s important for them to choose the right credit card, especially considering the abundance of options. At first glance, most seem like excellent choices. However, delving into the details further, it becomes apparent that some cards serve this particular purpose better than others.
If you’re a CEO, CIO, CFO, president, treasurer, or some other business executive, you want to carry credit cards worth having. Not only do you need one with a flexible line of credit, but also rewards. You probably use credit cards on an almost daily basis. For that reason, you deserve to have the issuing company show their appreciation in some way whether in the form of low interest, cash back, or some other perk.
The Best Credit Cards
The following are the credit cards that every business executive should consider carrying.
1. American Express Platinum
As one of the most recognized of all credit card companies, carrying around the Platinum by American Express gives you clout. However, there are many additional reasons for selecting this card. For instance, for every $1 you spend on airline and hotel purchases, you’ll earn five points. It doesn’t matter if you book your reservations directly or go through American Express Travel.
The $550 annual fee for the American Express Platinum is relatively steep. However, you’ll be able to save in the long run, thanks to so many rewards. Other perks include $200 in airline credit, reimbursement for your TSA application fee, a $200 per year savings on Uber, and more. In fact, if you spend $5,000 within the first three months of opening an account, you’ll earn 60,000 bonus points.
2. Chase Sapphire Reserve
This credit card is another great choice for business executives. Especially if you do a lot of traveling for your company, you’ll appreciate earning three points for every $1 you spend on any travel-related expenses, including airline tickets. Other perks include a $300 per year savings on Uber, TSA fee reimbursement, and 50,000 bonus points if you spend $4,000 within the first three months of opening an account. If you redeem your points for travel by going through Chase Ultimate Rewards, their value doubles.
With the Chase Sapphire Reserve credit card, you’ll also gain access to VIP lounges in more than 1,000 airports throughout the world. This card even gives you special privileges when booking a rental car through National, Silvercard, and Avis. The same applies when staying at one of the luxury hotels and resorts included in the collection.
3. MasterCard Black Card
While not as prestigious as having an American Express Black Card, this one offered by MasterCard still ranks high on the list of the best credit cards for business executives. With a front made of stainless steel and the backside carbon, you’ll never have to worry about premature wear and tear.
The MasterCard Black Card offers a broad range of luxury rewards. In this case, you would earn one point for every $1 spent, including a 1.5 percent value for cashback redemptions and 2 percent value for airfare redemptions. You can also relax in VIP airport lounges around the globe. By selecting this credit card, you would also have access to personal chauffeurs, private jets, yacht charter services, and premium gifts, plus more.
This credit card even includes a unique global luggage delivery service. With this, you can have your luggage sent ahead to virtually any worldwide destination. Ultimately, this service prevents you from checking and carrying luggage every time you travel.
As you can see from the examples provided, the credit card you choose for business-related purposes makes a significant difference. Not only can you rely on any one of these cards to help streamline your responsibilities as an executive but also save the company money.