In Episode 18 of Miles Ahead: The Canadian Points Podcast, Daniel, Jeff, and Reed from FrugalFlyer.ca discuss everything you need to know about navigating, getting approved for, and using business credit cards.
The team explains and dispels the most notable myths surrounding business credit cards, while also providing tips and guidance on how to apply for a business credit card. They briefly touch on how business credit cards are different in the United States, in addition to some of their favorite US-based business credit cards.
They also share their favorite business credit cards in Canada, based on current welcome bonuses, benefits, and earning rates. The episode wraps up with a segment where the team answers listeners’ questions related to American Express Canada card approvals and bonuses.
(00:45) Guess That Card!
Daniel shares hints about a certain credit card, while the rest of the team attempts to guess the card that he is thinking of.
- Read More: TD® Aeroplan® Visa* Business Card
(05:50) Keeping You Miles Ahead: Miles & Points News
There are a few news pieces that are worth digging into in the world of miles and points:
- American Express Canada is running a “Best Offers of the Year” promotion on many cards, but with very high spending requirements and second-year offer components.
- The Most Attainable Offers Of The Bunch: American Express Marriott Bonvoy Card & American Express Marriott Bonvoy Business Card
- Read More: Credit Card Second Year Bonuses
- American Express Canada has also released several upgrade offers, giving existing cardholders the ability to upgrade their current card while earning an upgrade welcome bonus.
- Earn 150,000 Membership Rewards when upgrading from the American Express Gold Rewards Card to the American Express Platinum Card here
- Earn 90,000 Membership Rewards points when upgrading from the American Express Cobalt Card to the American Express Gold Rewards Card here
- Earn 90,000 Membership Rewards points when upgrading from the American Express Green Card to the American Express Gold Rewards Card here
- Earn 15,000 Membership Rewards when upgrading from the American Express Green Card to the American Express Cobalt Card here
- The Chase Sapphire Reserve card in the United States has been completely revamped with a new fee, new benefits, and more.
- See More: Chase Sapphire Reserve Card
- American Express US is hyping up a refresh of their Platinum card, and the annual fee and benefits are yet to be determined, but the team is less-than-optimistic.
- Its Current State: American Express Platinum Card (US)
(21:52) Main Event: Navigating Business Credit Cards
Personal credit cards can get you a long way, but business credit cards can be an untapped market for many Canadians who are eligible for these products.
(25:22) Myths & Concerns of Business Credit Cards
There are many myths surrounding business credit cards, including eligibility for application and spending eligibility.
(29:53) Applying for Business Credit Cards: Tips & Tricks
Applying for a business credit card is similar to applying for a personal credit card, but there are a few additional required fields as the financial institution wants to learn more about your business.
(33:49) Navigating Business Credit Cards in the United States
There are a few key differences and rules when it comes to business credit cards in the United States, and potential cardholders should understand these rules before applying for their first business card.
- Read More: Obtaining US Credit Cards as a Canadian
- Read More: Chase 5/24 Rule Explained
- A Few Great US Business Cards: American Express Marriott Bonvoy Business Card (US) & Chase Ink Business Preferred Card
(39:17) Top Business Credit Cards in Canada
There are many business credit cards available from the major financial institutions in Canada, but there are a few that stand above the rest.
- Read More: The Best Business Cards in Canada
- Some of the Best: Scotiabank Passport Visa Infinite Business Card & American Express Business Platinum Card
- Learn More: Meet Your Minimum Spending Requirement with Chexy
- Generate More Points with Referrals: Ultimate Guide to Credit Card Referrals
(44:03) Questions of the Month: American Express Approvals
Sarah asks a question about how she is finding it harder to get approved for a new American Express Canada card lately & Gean wonders about eligibility for American Express welcome bonuses.
(50:57) Conclusion
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Join us for the next episode, where the Frugal Flyer team recaps all of the recent miles and points news, in addition to answering a few readers’ questions.
Listen to Miles Ahead: Episode 19 – Miles & Points News + Listener Questions.