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:
You’ll have to paya 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,. 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.
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 , 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 . This can, however, be much less expensive than utilizing a line of credit from a bank.
Frequent Delta flyers can easily receive enough benefits from this card to justify itsannual fee.
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 theannual 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.