Unique Features to Look for in a Business Credit Card

Advertiser Disclosure Editorial Disclosure

Small business credit cards give companies the purchasing power and flexibility they need from a payment tool. Business cards offer large credit lines, lower-than-average interest rates, and often they also earn rewards. However, they also provide some great benefits that average consumers may not be aware of. Here are some lesser-known business credit card perks you should keep an eye out for when applying for your next business card:

4 Lesser-Known Features of Business Credit Cards

Here are four things to keep an eye out for when deciding on your next small business credit card:

Free Employee Cards

Business credit cards work best when your whole company can earn rewards for everyday business expenses – such as travel, office supplies, marketing costs, utilities, and more. Fortunately, many business credit cards offer free additional employee credit cards.

Providing additional business cards for employees is also a great way to track spending. Because the further free cards are tied to the same account, companies can spend less time reimbursing employees for business purchases while also enjoying a centralized statement highlighting each employee’s spending. Not to mention, employee cards allow your spending to be in more places at once, giving you more flexibility when handling your purchasing.

Expense and Spend Tracking Tools

Most business credit cards also offer annual and monthly reports on business expenses. Small business credit cards make it easy to download spending records and integrate into popular software programs like Quicken, QuickBooks, and Microsoft Excel.

Take the Divvy Card – a corporate card – as an example. Businesses can take advantage of easy dispute resolution, report drill-downs, simple reimbursements, spending notifications, instant categorization, and a two-step review process. All data is stored and accessible in one place, making Divvy an end-to-end spend management platform that allows companies to take control of their business finances.

Travel Perks

Complimentary employee cards offer a great way of streamlining expenses. Still, travel perks are a business credit card feature that can save companies when employees hit the road to meet clients or oversee logistics. Some business cards come with no foreign transaction fees, a welcome bonus offer worth a free flight after you spend a certain amount within the first few months of card membership, and more.

The Business Platinum Card® from American Express is one of the best options for companies that frequently send employees on trips for business, conferences, and other events. The Platinum Card is a traveling juggernaut with plenty of travel perks to justify its substantial annual fee.

These perks include:

  • Up to $200 each calendar  year in statement credits for checked baggage fees, lounge day passes, and more at one selected airline
  • $189 CLEAR® statement credit. CLEAR® is available at more than 50 U.S. airports and stadiums
  • Complimentary access to the American Express Global Lounge Collection®
  • No foreign transaction fees

Business Savings

Travel statement credits and lounge access aren’t the only perks business credit cards provide. Business credit cards often include software savings, shipping discounts, and other similar offers. Typically, these features are provided by the payment network, with both Visa and Mastercard (the two largest networks in the industry) offering different benefits.

Mastercard, for example, offers businesses the following additional savings:

  • Receive up to $100 in Uber vouchers when you make qualified purchases with an eligible Mastercard business card
  • Earn up to $1,000 in Uber Freight load credit with an eligible Mastercard small business card
  • Save 30% on QuickBooks Online, QuickBooks Self-Employed, or QuickBooks Online Payroll for 12 months

Visa also provides exclusive savings for small businesses through its credit cards. The Visa SavingsEdge program enables statement credits when you use select Visa business cards at participating merchants, including names like Chevron, Auto Zone, Plastiq, Stamps.com, Mailchimp, and more.

Related Article: Marriott Adds New Features to Bonvoy Business Card

Featured image by mohamed_hassan/PixaBay
About: Cory
Cory Santos

Cory is BestCards.com's "Jack of all trades" and resident credit expert, covering all facets of the credit card space. Cory holds academic degrees in both the U.S. and U.K. In addition to credit cards, Cory finds that jogging, cats, and memes are essential parts of a balanced day.

Advertiser Disclosure

BestCards is an independent, Florida-based credit card comparison platform. Many of the card offers that appear on this site are from companies from which BestCards receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). BestCards does not include all card companies or all card offers available in the marketplace.

Get the Best Credit Card Content in Your Inbox

Sign up for our newsletter to receive the latest credit card articles and news so you can stay on top of your financial wellbeing.