4 Business Credit Cards With High Annual Fees (That Shouldn’t Scare You Away)

4 Business Credit Cards With High Annual Fees (That Shouldn’t Scare You Away)

0 Comment

Advertiser & Editorial Disclosure

Every small business owner knows that cutting costs is as important to your profits as increasing sales. So it might not seem like a good idea to use a business credit card with a high annual fee. But when that card offers you valuable rewards and benefits, its annual fee can go from being a costly extravagance to a wise investment.

Here are four small business credit and charge cards that have high annual fees that shouldn’t scare you away:

1. The The Business Platinum® Card from American Express OPEN.

The Business Platinum® Card from American Express OPEN
American Express is a Nav Partner
Terms, Rates & Fees

The Business Platinum® Card from American Express OPEN

Welcome Offer: Earn up to 75,000 Membership Rewards® points. Earn 50,000 Membership Rewards® points after you spend $10,000 Learn More

You’ll have to pay $450 a year to enjoy all of the rewards and benefits of this charge card. But if you’re a frequent traveler, this annual fee can easily be worth it.

First, Earn up to 75,000 Membership Rewards® points. Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership.. It also comes with a $200 annual credit towards airline fees, and a $100 credit towards the application fee for Global Entry, which includes TSA PreCheck access.

You also earn 5x points on flights and prepaid hotel purchased at American Express’s travel site, and 50% more points on business purchases of $5,000 or more. Furthermore, the cardholder benefits alone can be worth the annual fee. These include access to over 1,000 airport lounges that are part of the Delta SkyClub, Priority Pass Select and American Express Centurion lounge networks. You also receive a 35% rebate on points redeemed towards eligible first and business class tickets purchased through American Express Travel.

2. The Plum Card® from American Express OPEN.

The Plum Card® from American Express OPEN
American Express is a Nav Partner
Terms, Rates & Fees

The Plum Card® from American Express OPEN

Paying early pays off: Get a 1.5% discount when you pay early, with no cap on Learn More

While other cards with high annual fees are premium reward cards with exclusive travel benefits, this charge card offers something different. Cardholders have the choice of receiving 1.5% back as a statement credit when you pay within 10 days of your statement., or having up to 60 days to to pay off their balance with no interest charges. This extended grace period is just what many small businesses need to smooth out their cash flow. There’s an annual fee for this card that’s waived for the first year, so you’ll pay $0 introductory annual fee your first year, then $250.. This can, however, be much less expensive than utilizing a line of credit from a bank.

3. Delta Reserve for Business Credit Card

Delta Reserve for Business Credit Card
American Express is a Nav Partner
Terms, Rates & Fees

Delta Reserve for Business Credit Card

Earn 70,000 bonus miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $5,000 in purchases on your Learn More

Frequent Delta flyers can easily receive enough benefits from this card to justify its $450 annual fee.

Earn 70,000 bonus miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $5,000 in purchases on your new Card in your first 3 months. Offer expires 11/07/2018.

Other benefits include priority boarding, a free checked bag and a membership in the Delta SkyClub airport lounges. You also get a Companion Certificate each year that you can redeem for a domestic first class or main cabin roundtrip flight, plus taxes and fees. This certificate alone can be worth far more than the $450 annual fee.

4. United MileagePlus Club Business card from Chase.

Here’s another premium airline credit card, with a premium price. Although it has a $450 annual fee, it offers you a United Club membership worth $550. You also receive Premier Access travel services that offer you priority check-in, security screening, boarding, and baggage handling.

Other benefits include two free checked bags when flying United, and elite status with Hyatt hotels and Hertz car rentals. It offers 1.5 miles per dollar spent on most purchases, which is 50% more than most airline credit cards. New cardmembers also receive a $100 statement credit after their first purchase.

Similar Offers

The Plum Card® from American Express OPEN
American Express is a Nav Partner
Terms, Rates & Fees

The Plum Card® from American Express OPEN

Paying early pays off: Get a 1.5% discount when you pay early, with no cap on Learn More
The Hilton Honors American Express Business Card
American Express is a Nav Partner
Terms, Rates & Fees

The Hilton Honors American Express Business Card

Welcome Offer: Earn 125,000 Hilton Honors Bonus Points with the Hilton Honors American Express Business Card Learn More
View More Offers

Rate This Article

This article currently has 1 rating with an average of 5 stars.

About the Author — Jason Steele is an expert in the credit card industry. He is frequently quoted in national media and his work is regularly featured by mainstream outlets such as Yahoo! Finance, MSN Money, and Business Insider.

Have at it! We'd love to hear from you and encourage a lively discussion among our users. Please help us keep our site clean and protect yourself. Refrain from posting overtly promotional content, and avoid disclosing personal information such as bank account or phone numbers.

Reviews Disclosure: The responses below are not provided or commissioned by the credit card, financing and service companies that appear on this site. Responses have not been reviewed, approved or otherwise endorsed by the credit card, financing and service companies and it is not their responsibility to ensure all posts and/or questions are answered.

Leave a Reply

Your email address will not be published. Required fields are marked *