Credit cards seem attractive to a business traveler only because of the perks and benefits that come with it. American Express has now emerged as a stiff competitor for the business travel cards and is promising a huge reward package. So, one will have to wait and watch to see how AmEx fares when compared to Chase, Cap One and the rest.
On Monday, American Express announced a huge package in the business travel cards for some of the card holders. It is a stark indication that there is an irrevocable change in the credit card scenario especially for those individuals who live out of the suitcase.
Now it is no longer about the cards you carry in your wallet. You could carry any colored card with the name of some precious gem, as it doesn’t matter anymore. It is of no consequence as they don’t indicate anything about your lifestyle. It is all about the perks and benefits that come with the card which is important now. You will only need a credit card if it ensures that it makes your traveling or at least some part of your business travel cheaper or rewarding in some way. If it doesn’t, then you are better off without that card.
Miranda Jackson, Corporate travel consultant, stated that everybody goes through the phase where getting a fancy card with a fancy name meant you have entered the business arena at one point in time. But that does not hold any value anymore and what really matters is not a card that will merely help pay for your charges but one that will make your life easier by rewarding you for your spending. Now people want business travel cards that will actually change things for the better while traveling.
There is nothing called a perfect card when you are on business travel. Hence the credit card experts claim that the average businessman carries more than five cards. So, even the card companies know that the war is not to ensure that the business person carries just their card but to ensure that the cardholder uses their cards more often than the others.
So, the goal according to David Gold from Chase card services is to get a chunk of the business traveler’s wallet and to ensure that theirs is the first card that comes out of the wallet. The battle between the cards is bound to continue.