[wakeboarder109]

I am in search of a credit card to use for business and have narrowed it down to either an AMEX Platinum or the Chase Sapphire Preferred. I know these cards have many different benefits but does anyone have any recommendations (either positive or negative) for either card?

The card will be used primarily for materials (for various projects), client outings and travel. I mostly drive but fly for business 2-3 times/year and fly personally 5-7 times per year. i'm not worried about the annual fee as the company would be covering this.

[TXSTYLE]

I personally use Capital One Spark and Chase INK

Unlimited 2% rewards with Capital One and both offer great tools travel and reward points. Great customer service on both.

[bkM3]

i used to have the amex platinum but couldn't justify the $450 annual fee. i now use the chase sapphire preferred and i love it. you can transfer points 1:1 to a bunch of different hotel and airline programs such as hyatt, united, marriott, etc. i also do alot of shopping through the chase ultimate rewards mall where you can get as much as 10x points from certain merchants (iv gotten 5x points from staples before).

the only thing i really miss with amex is that it is much easier to dispute and win a transaction.

[Bobble]

Originally Posted by bkM3

i used to have the amex platinum but couldn't justify the $450 annual fee. i now use the chase sapphire preferred and i love it. you can transfer points 1:1 to a bunch of different hotel and airline programs such as hyatt, united, marriott, etc. i also do alot of shopping through the chase ultimate rewards mall where you can get as much as 10x points from certain merchants (iv gotten 5x points from staples before).

the only thing i really miss with amex is that it is much easier to dispute and win a transaction.

Spot on and agree. I had the AMEX platinum when I owned my own business and to be honest my current Chase card is simply equal at a fraction of the cost. Now if you really dig the high brow recognition the AMEX platinum and blacks get go for it but remember the cost is still the cost unless someone else IE not your own business is paying for it. Never understood it when people said it's a business expense, it's my business and my money still comes out of my pocket???

[TXSTYLE]

Fok paying annual fees on a credit card. I don't care what the ski called "perks" are. They already making money on my purchases and transaction fees they charge the merchant. Give me the lowest interest rate card with no hassle rewards on anything I buy!

[Whostheboss]

What's a Credit card?

[UncleWede]

^ First World problem

[wakeboarder109]

Originally Posted by TXSTYLE

I personally use Capital One Spark and Chase INK

Unlimited 2% rewards with Capital One and both offer great tools travel and reward points. Great customer service on both.

I hadn't looked at either of these but will check them out.

Originally Posted by bkM3

i used to have the amex platinum but couldn't justify the $450 annual fee. i now use the chase sapphire preferred and i love it. you can transfer points 1:1 to a bunch of different hotel and airline programs such as hyatt, united, marriott, etc. i also do alot of shopping through the chase ultimate rewards mall where you can get as much as 10x points from certain merchants (iv gotten 5x points from staples before).

the only thing i really miss with amex is that it is much easier to dispute and win a transaction.

I have heard that their claims department is great. Whether it's $495/ yr better I'm not sure. I was thinking the travel perks would be nice but I'm thinking I don't travel frequently enough to justify the expense. Right now, the Chase Sapphire Preferred seems like the best bet.

[wakeboarder109]

Originally Posted by Bobble

Spot on and agree. I had the AMEX platinum when I owned my own business and to be honest my current Chase card is simply equal at a fraction of the cost. Now if you really dig the high brow recognition the AMEX platinum and blacks get go for it but remember the cost is still the cost unless someone else IE not your own business is paying for it. Never understood it when people said it's a business expense, it's my business and my money still comes out of my pocket???

After looking into the Chase SP it seems like its certainly the way to go. Especially for an almost $400/year savings. Not concerned with the status of the card, just the perks.

[bkM3]

i would recommend signing up for a loyalty program from hyatt. the 1:1 point transfer is great and you can book a hotel that usually costs 400-500/night for 15k points/night

[wakeboarder109]

Originally Posted by bkM3

i would recommend signing up for a loyalty program from hyatt. the 1:1 point transfer is great and you can book a hotel that usually costs 400-500/night for 15k points/night

Thanks, I'll be sure to do that. I am already signed up with Hilton and IHG but a nice hotel room for 15k points is a great deal.

[954Stealth]

I use an Amex here for business but my stupid accounting people dont get the approvals done in time and I keep getting hit with a late fee on the company card ... so annoying

[wakeboarder109]

Originally Posted by 954Stealth

I use an Amex here for business but my stupid accounting people dont get the approvals done in time and I keep getting hit with a late fee on the company card ... so annoying

That is another concern I had. Since I work for a small company I don't want the lady who handles accounting to be on my case about late fees and paying off the full balance.

[WreckerX5d]

Are these business specific credit cards? Or are these regular credit cards used under the business bank account? Or does each bank vary.

[FC4]

Originally Posted by Whostheboss

What's a Credit card?

One of the most critical financial tools for any individual or business. It allows for a 30-day loan at 0% internet with no direct transaction cost for the user. It's also something poor people are deathly afraid of.

[bkM3]

Originally Posted by Wrecker335d

Are these business specific credit cards? Or are these regular credit cards used under the business bank account? Or does each bank vary.

I believe both have business and personal versions. I personally use the personal version.

[upstatedoc]

If ur takin clients out and want to show them the blaaaaang, get the Amex Platinum..

[P1]

Originally Posted by upstatedoc

If ur takin clients out and want to show them the blaaaaang, get the Amex Platinum..

Now that would be frowned upon if you're in sales mate... Just like showing up in an expensive car at a customer meeting.

[JasonCSU]

Originally Posted by P1et

Now that would be frowned upon if you're in sales mate... Just like showing up in an expensive car at a customer meeting.

Everyone's definition of expensive can vary though. Some may see something like a new Camry as a cheap POS, while others may see a decent, reliable sedan. Show up in a 3 or 5 series, some may see a sporty, fun sedan while others see an excessive luxury car. If you show up in 'too cheap' of a car, some customers may think, "this company must not be that successful if this is all their employee can afford to drive."

[P1]

Originally Posted by JasonCSU

Everyone's definition of expensive can vary though. Some may see something like a new Camry as a cheap POS, while others may see a decent, reliable sedan. Show up in a 3 or 5 series, some may see a sporty, fun sedan while others see an excessive luxury car. If you show up in 'too cheap' of a car, some customers may think, "this company must not be that successful if this is all their employee can afford to drive."

That's why I always show up in a rental!

[JasonCSU]

Originally Posted by P1et

That's why I always show up in a rental!

Haha, good idea!

[Whostheboss]

Originally Posted by FC4

One of the most critical financial tools for any individual or business. It allows for a 30-day loan at 0% internet with no direct transaction cost for the user. It's also something poor people are deathly afraid of.

My internet connection is 100%.
Anyway, I try to stay away from Credit cards as much as possible. Until one day i will find a very valuable reason to own one. Until then, i only buy what i can afford now. Obviously with the exception of big loans such as Tuition, Mortgage or car.