Are you a business owner or entrepreneur looking to make the most out of your finances and reward your business's growth with excellent perks? Welcome to the world of Tier 1 credit cards for business! These high-performing cards can provide exceptional rewards and benefits, but with so many options on the market, it can be daunting to choose the best one. Fret not, as Flik Eco is here to make this decision easy-peasy with our comprehensive guide to the top Tier 1 credit cards designed specifically for business owners like you.
Tier 1 Credit Cards For Business Table of Contents
What are Tier 1 Credit Cards for Business?
1. American Express® Business Platinum Card
2. Chase Ink Business Preferred® Credit Card
3. Bank of America® Business Advantage Cash Rewards Mastercard®
What are Tier 1 Credit Cards for Business?
Tier 1 credit cards for business are the cream of the crop when it comes to credit cards. They offer the best rewards, benefits, and perks, making them worth the higher annual fees and strict qualifying criteria. These cards cater specifically to businesses, offering features that help with expense tracking, cash flow management, and even employee card issuance. Let's dive into some of the top Tier 1 credit card options for businesses.
1. American Express® Business Platinum Card
Key Features:
- 5x Membership Rewards® points on flights and prepaid hotels on amextravel.com
- 1.5x points on eligible purchases of $5,000 or more
- 35% airline bonus when using points for eligible flights through amextravel.com
- Access to over 1,300 airport lounges worldwide
- Up to $200 airline fee credit annually
- Up to $200 Dell statement credit annually
2. Chase Ink Business Preferred® Credit Card
Key Features:
- 3x points per $1 spent on the first $150,000 in combined purchases in travel, shipping, internet, cable, and phone services, and advertising purchases per account anniversary year
- 1x point per $1 spent on all other purchases
- No foreign transaction fees
- Points worth 25% more when redeemed for travel through the Chase Ultimate Rewards® portal
- Cell phone protection up to $600 per claim against theft or damage
3. Bank of America® Business Advantage Cash Rewards Mastercard®
Key Features:
- 3% cash back on your choice of one of the following categories: gas stations, office supply stores, travel, TV/telecom & wireless, computer services, or business consulting services
- 2% cash back on dining (for the first $50,000 in combined choice category and dining purchases each calendar year, then 1% thereafter)
- 1% cash back on all other purchases
- No annual fee
- 0% introductory APR for the first nine billing cycles
Tier 1 Credit Cards For Business Example:
Meet Sarah, a budding entrepreneur who recently started her own marketing agency. She's in the process of choosing the best Tier 1 credit card for her business to optimize her reward potential and provide added convenience for her expenses.
Keeping in mind that her business involves a lot of travel, she narrows her options down to the American Express® Business Platinum Card and Chase Ink Business Preferred® Credit Card. After comparing the features, she opts for the American Express® Business Platinum Card due to its generous travel perks, such as access to airport lounges and the boosted points on flights and prepaid hotels at amextravel.com.
By putting her business expenses on this card, she's able to maximize her rewards, gain access to valuable resources, and elevate the way she does business.
We hope that this guide has helped you get acquainted with the top choices for Tier 1 credit cards for business, and that you're inspired to make an informed decision based on your business's unique needs. Our mission at Flik Eco is to empower millennials and fellow business owners like you by simplifying complex financial concepts and providing actionable advice. If you found this article helpful, please feel free to share it with friends, family, or colleagues and explore all the other guides we have to offer at Flik Eco!
