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Business Credit Cards to Cut Travel Costs

Written by Beverly Blair Harzog | May 27, 2011 11:00:55 AM

[UPDATE: Some offers mentioned below have expired and/or are no longer available on our site. You can view the current offers from our partners in our credit card marketplace. DISCLOSURE: Cards from our partners are mentioned below.]

When you're running a business you're always looking for ways to trim costs. If your business requires frequent travel---either by plane or by car---expenses add up quickly. So I've picked out three business cards that can save you money based on what your specific travel needs are.

First, a caveat: Remember that business credit cards are not covered by the Credit CARD Act of 2009. This means you're not protected from card issuer actions such as retroactive interest rate increases and other unfair practices.

So if you use a business credit card---and a Federal Reserve study showed that 83 percent of businesses do---pay off your balance monthly. Read all the mail you receive from your issuer so you can be proactive if you get unpleasant news about your APR or get hit with new fees.

For Frequent Hotel Guests

Starwood Preferred Guest Business Credit Card from American Express

If you love staying at Starwood Properties, such as the Sheraton or the Westin, you can earn points quickly with this card.

You can earn 100,000 welcome offer points after spending $5,000 in purchases within the first three months of card membership (offer ends 10/31/2018). Earn 6 points for each dollar spent on eligible purchases at over 6,500 participating SPG® and Marriott Rewards® hotels across 110 countries worldwide.

Costs: This card carries a 17.74%-26.74% (variable) APR. There's a $65 annual fee, but it's waived for the first year.

For Frequent Flyers

Capital One Venture for Business

You're not tied to a specific airline with this card so you can choose the airfare that saves you the most. There are no foreign transaction fees so this card is a good choice if you go overseas often.

You earn double miles on all of your purchases. If you spend $1,000 within the first three months, you get 10,000 bonus miles. And if you sign up for one or more employee cards, you receive 5,000 bonus miles.

Costs: This card carries a 13.9 percent (V) APR. There's a $59 annual fee, but it's waived for the first year.

For Road Warriors

TrueEarnings Business Card from Costco and American Express

No doubt you're feeling the sting of high gas prices. This card won't take away all your pain, but it does offer a little relief.

You get 4 percent cash back for annual gas purchases up to $6,000 and after you reach that total, you get 1 percent on gas purchases. Qualifying gas purchases include Costco and other stand-alone gas stations. While you're on the road, you also get 3 percent cash back on restaurants. In addition, you get 2 percent on travel expenses and 1 percent on everything else.

Costs: This card offers a zero percent introductory APR on purchases for the first six months. After that, this card carries a 13.24 percent (V) APR. There's a no annual fee for this card but you must have a paid Costco membership.

Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author's alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.

At publishing time, the Starwood Preferred Guest Business Credit Card from American Express, the Capital One Venture for Business and the TrueEarnings Business Card from Costco and American Express are offered on Credit.com product pages and Credit.com is compensated if our users apply for and ultimately sign up for these cards. However, this relationship does not result in ANY preferential editorial treatment.