Running a company is a huge responsibility, and it places a premium on your time. Even the most humble CEOs are forced to realize that each hour of their time represents a valuable opportunity to accomplish something in the interests of their company. For this reason, a CEO needs the right credit card that offers priority treatment when traveling, as well as strong travel insurance and purchase protection benefits.
Here are four credit cards that are ideal for CEOs on the go.
1. The Business Platinum Card From American Express
To stay productive on the road, this card offers a range of airport business lounge access and elite status benefits with hotels and car rental companies. Get work done at the airport with business lounge access to the Delta SkyClubs, Priority Pass Select network and the American Express Centurion clubs. Speed through airport security and immigration with a $100 credit towards the application fee for the Global Entry program, which includes TSA Pre-Check. This card also offers a $200 annual airline fee credit towards incidental fees such as those for checked bags and in-flight purchases. You also receive elite status with Starwood, Marriott and Hilton hotels, along with Avis, Hertz and National car rentals.
Other features include five points per dollar spent on flights and prepaid hotels booked through American Express’s travel website, one Membership Rewards point per dollar spent, and 50% more points for purchases over $5,000 (up to one million additional points per year). There’s a $450 annual fee for this card, and no foreign transaction fees. (Editor’s note: this offer was updated on June 20, 2017. American Express is a Nav partner, but this doesn’t result in preferential editorial treatment.)
2. Citi / AAdvantage Executive World Elite MasterCard
CEOs who fly American Airlines will appreciate all of the benefits of this card. When traveling, it offers priority service at check-in, screening and boarding. You also receive a $100 credit towards the application fee for the Global Entry program, which includes TSA Pre-Check. And when you use this card to spend $40,000 in a calendar year, you will receive 10,000 AAdvantage® Elite Qualifying Miles (EQMs) to help you reach the next level of status in the AAdvantage program.
Other benefits include a 25% savings on in-flight purchases, a free checked bag and Admirals Club airport lounge membership for yourself and any other authorized cardholders. When used for spending, this card offers double miles on all American Airlines purchases, and one point per dollar spent elsewhere. Also, new cardholders earn 50,000 bonus miles after spending $5,000 in purchases within three months of account opening. There’s a $450 annual fee for this card, and no foreign transaction fees.
3. United MileagePlus Club Card From Chase
Executives who predominantly fly on United will really benefit from having this card. It features a United Club airport lounge membership and plenty of other travel benefits. Travelers receive Premier Access services which include priority check-in, security screening (where available), boarding and baggage handling privileges. Travelers also receive Platinum elite status in the Hyatt Gold Passport program (soon to be rebranded World of Hyatt). You also receive two free checked bags for yourself and a traveling companion on every United flight that you pay for with your card.
This card offers 2x miles on United purchases and an exceptional 1.5 miles per dollar spent elsewhere. With this card, you also get to use your miles for any available seat on any United flight. There’s a $450 annual fee for this card, and no foreign transaction fees.
4. Delta Reserve for Business Card From American Express
This business credit card offers CEOs many benefits when flying on Delta. You receive a Delta SkyClub airport business lounge membership, and priority service when checking in and boarding. You also get your first bag free and a 20% savings on in-flight purchases.
Before you apply for any credit card, be sure to know where your credit stands so you don’t apply for cards you have no chance of actually getting. Many of the cards listed above are best suited for those with good or excellent credit scores because of their rewards structure. You can check your business credit scores and your personal credit scores for free at Nav.