8 Most Profitable Business Credit Cards of 2024

 Credit card offers are constantly evolving, with some cards disappearing and others introducing new limited-time promotions. Whether you're after cash back, travel rewards, or other benefits, there’s something for you to consider. Here’s a rundown of some notable opportunities to maximize your rewards, focusing on Hawaiian Airlines, Chase, and American Express Delta credit cards.

Best Credit Card Sign-Up Bonuses 2024

1. Hawaiian Airlines Credit Cards

Currently, there are two Hawaiian Airlines credit cards offered by Barclays: one personal and one business card. With the ongoing merger between Alaska Airlines and Hawaiian Airlines, several significant changes are expected. The merger will allow you to transfer points between Hawaiian and Alaska at a 1:1 rate, with the programs fully merging next year. After the merger, the Hawaiian Airlines credit cards will be phased out.

• Current Opportunity: Since there are presently four cards available across Hawaiian and Alaska Airlines, you can potentially earn four introductory bonuses. After the merger, this will be reduced to two cards with two bonuses. This presents a limited window to earn miles before the Hawaiian cards disappear.
• Travel Strategy: Alaska Airlines is known for excellent redemptions with partner airlines, especially for premium travel. For instance, it’s possible to book a business class flight from Los Angeles (LAX) to Bora Bora for just 60,000 miles. This is a great chance to maximize value before the Hawaiian cards are phased out.

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2. Chase Sapphire Preferred

The Chase Sapphire Preferred card is offering an attractive limited-time deal. New cardholders can earn a $300 travel credit in their first year, applicable to any purchase made through Chase Travel. Additionally, there is a 60,000-point bonus after spending $4,000 in the first three months. Here's why this deal is compelling:

• Value of Points: The minimum value is $600 in statement credits, but if you book travel through Chase Travel, the points can be worth up to $750. Even higher value can be achieved by transferring points to travel partners, such as Hyatt, where points can sometimes yield 2 cents per point or more in value.
• Annual Fee: The card has a $95 annual fee, but if the card doesn’t fit your long-term strategy, you can downgrade to a no-annual-fee option like the Chase Freedom Unlimited or Freedom Flex.
• Who Should Consider It?: It’s suitable for those new to credit card rewards or experienced users who’ve been on a "gardening break" to get below the Chase 5/24 rule (Chase limits approvals for those who’ve opened five or more cards in the past 24 months).
  
  

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3. Chase Ink Business Credit Cards

For business owners, Chase Ink business cards offer lucrative rewards, especially if you're under the 5/24 rule. The Chase Ink Unlimited card, for example, provides $900 in bonus cash back after spending $6,000 within the first three months. There’s no annual fee, and the cash back can be converted into points that transfer to other Chase cards for even higher travel value.

• Approval Considerations: Sole proprietors are eligible for these cards, even if they don’t have a formal business structure. Simply using your Social Security Number is often sufficient for approval.

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4. American Express Delta Credit Cards

American Express is currently offering elevated bonuses on their Delta cards, with the promotions ending on October 23, 2024. The various Delta cards cater to different travel preferences, from economy to premium.

• Delta Gold: Offers 80,000 miles after $3,000 in spending within six months. The miles are worth at least $800, with potential for up to $960 in value. There’s no annual fee for the first year, but it’s $150 thereafter.
• Delta Platinum: Provides 90,000 bonus miles after $4,000 in spending, with an annual fee of $350. It also includes benefits like a companion certificate (upon renewal) and various travel credits.
• Delta Reserve: For more premium benefits, the Delta Reserve card offers 100,000 miles after $6,000 in spending and includes access to Delta Sky Clubs and Centurion Lounges when flying Delta. The annual fee is $650, but the perks are designed for frequent travelers who value lounge access.

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Business Delta Cards

The American Express Delta business cards also feature increased bonuses and credits. Here’s a quick overview:

• Delta Gold Business: 90,000 bonus miles after $6,000 in spending.
• Delta Platinum Business: 100,000 miles after $8,000 in spending, plus higher travel credits.
• Delta Reserve Business: 110,000 bonus miles after $12,000 in spending, catering to business owners with significant travel expenses.

Final Considerations

Before jumping into any offers, consider your eligibility, travel plans, and spending habits:

• Under the 5/24 Rule? Prioritize Chase cards like the Sapphire Preferred or Ink Business cards.
• Over the 5/24 Rule? The Hawaiian Airlines or Delta cards may be more accessible without an opportunity cost.
• Business Owners: The Chase Ink or Delta business cards can be a great way to earn substantial rewards.

Take advantage of these offers while they last to maximize your rewards potential and travel opportunities. Always consider the card's annual fees, perks, and your redemption strategy to ensure the card fits your needs long-term.