Best Credit Cards for High-Ticket Dropshipping

If you have a high-ticket dropshipping business, you're likely always on the lookout for ways to earn more points so you can travel in luxury almost for free. The best way to do this is by choosing the right business and travel credit cards. In this post, we'll be discussing some of the best credit cards for high-ticket dropshipping and their features.

 

 

 

Best Business Credit Cards for Ad Spend

American Express Business Gold

The American Express Business Gold card is another great option for high-ticket dropshippers who want to earn rewards on their business spending. This card offers a welcome bonus of 70,000 Membership Rewards points after you spend $10,000 on eligible purchases within the first three months of card membership. Cardholders can earn 4x Membership Rewards points on the two select categories where their business spends the most each billing cycle, up to $150,000 in combined purchases per year. The most useful of which, for eCommerce businesses, is the ad spend category, which includes Google ads, Bing ads, and Facebook ads. The Business Gold card also offers no foreign transaction fees, purchase protection, and extended warranty coverage.

 

Chase Ink Preferred

Get 3x points on all ad spend and shipping spend, which can be transferred to travel partners or spent on the chase travel portal with a 25% bonus. Combine with Chase sapphire reserve to get a 50% bonus on your points. 

 

Best Business Credit Cards for Cost of Goods Sold

Capital One Spark Miles

The Capital One Spark Miles card is a good choice for high-ticket dropshippers who want to earn miles for their business spending. This card offers a welcome bonus of 50,000 miles after you spend $4,500 on purchases within the first three months of card membership. Cardholders can earn 2x miles on all eligible purchases, and there are no blackout dates or seat restrictions when redeeming miles. The Spark Miles card also includes a Global Entry or TSA PreCheck application fee credit, purchase protection, and extended warranty coverage.

Capital One Spark Cash

The Capital One Spark Cash card is a great option for high-ticket dropshippers who want to earn cash back on their business purchases. This card offers a welcome bonus of $500 cash back after you spend $4,500 on purchases within the first three months of card membership. Cardholders can earn 2% cash back on all eligible purchases, and there are no limits to the cash back you can earn. The Spark Cash card also includes purchase protection, extended warranty coverage, and no annual fee for the first year.

Chase Ink Unlimited

Get 1.5x points per dollar spent which can be transferred to travel partners or combined with the chase ink preferred or chase sapphire reserve to get a 25% or 50% bonus, respectively, towards travel using the chase travel portal. 

Chase Ink Premier

Get 2x points or 2% cash back on all purchases and 2.5% cash back on any purchase over $5,000. Points can't be transferred to travel partners and only redeemed on the chase travel portal or taken as cash back. 

American Express Blue Business Cash

The American Express Blue Business Cash card is a great option for high-ticket dropshippers who want to earn cash back on their business purchases. This card offers a welcome bonus of $250 statement credit after you make $3,000 in purchases on your card within the first three months of card membership. Cardholders can earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, and then 1% cash back thereafter. The Blue Business Cash card also includes purchase protection, extended warranty coverage, and no annual fee.

American Express Blue Business Plus

The American Express Blue Business Plus card is another cash back option for high-ticket dropshippers. This card offers a welcome bonus of no annual fee, and cardholders can earn 2x Membership Rewards points on the first $50,000 in purchases each year, then 1x point thereafter. The Blue Business Plus card also offers no annual fee, purchase protection, and extended warranty coverage.

 

Best Business Credit Cards for Shipping Costs

American Express Marriott Bonvoy Business

If you frequently travel for business, the American Express Marriott Bonvoy Business card may be a good choice for you. This card offers a welcome bonus of 100,000 Marriott Bonvoy points after you spend $5,000 on eligible purchases within the first three months of card membership. Cardholders can earn 6x points at participating Marriott Bonvoy hotels, 4x points at US restaurants, US gas stations, US shipping purchases, and on wireless telephone services purchased directly from US service providers. The Marriott Bonvoy Business card also includes a free night award every year after your account anniversary, automatic Silver Elite status, and premium internet access at participating Marriott Bonvoy hotels.

American Express Hilton Honors Business

The American Express Hilton Honors Business card is a great choice for high-ticket dropshippers who frequently stay at Hilton hotels. This card offers a welcome bonus of 130,000 Hilton Honors points after you spend $3,000 on eligible purchases within the first three months of card membership. Cardholders can earn 12x points at Hilton hotels, 6x points on select business purchases, and 3x points on all other eligible purchases. The Hilton Honors Business card also includes complimentary Gold status, free weekend night rewards, and priority pass lounge access.

When choosing a credit card for your high-ticket dropshipping business, it's important to consider factors such as welcome bonuses, rewards programs, annual fees, interest rates, and additional benefits like purchase protection and extended warranty coverage. You should also consider the types of purchases you'll be making and the rewards categories offered by the card.

Overall, American Express and Chase are great options for high-ticket dropshippers, as their cards offer a range of rewards, perks, and benefits that can help you save money and streamline your business operations. Capital One also offers competitive options for earning cash back and travel rewards.

Before applying for a credit card, make sure to read the terms and conditions carefully and consider the impact of the annual fee, interest rate, and other fees on your business's finances. It's also important to make payments on time and in full to avoid interest charges and penalties.

The best credit card for your high-ticket dropshipping business will depend on your specific needs and goals. By considering the factors mentioned above and comparing the features and benefits of different cards, you can find the right credit card to help you save money and earn rewards.

Here are some frequently asked questions about applying for business credit cards:

1. What are the eligibility requirements for a business credit card? To qualify for a business credit card, you typically need to have a registered business with a tax ID number. However, some issuers also offer business credit cards to sole proprietors and freelancers who use their social security number for tax purposes.

2. What information do I need to apply for a business credit card? When applying for a business credit card, you will typically need to provide your business name and contact information, your personal information, your tax ID number or social security number, your business structure and industry, your annual revenue, and your estimated monthly spend.

3. What is the difference between a personal and a business credit card? A personal credit card is intended for personal use and is based on your personal credit score and credit history. A business credit card is intended for business expenses and is based on your business's credit score and credit history. Business credit cards may offer rewards and benefits that are specifically tailored to business needs, such as cash back on office supplies or travel rewards.

4. How do I build my business credit score? To build your business credit score, you should make sure to pay your bills on time, keep your credit utilization low, and monitor your credit reports regularly for errors or inaccuracies. You can also consider using a business credit card for your expenses, as timely payments and responsible credit use can help improve your credit score over time.

5. What are the benefits of using a business credit card? Using a business credit card can help you separate your business expenses from your personal expenses, track your spending, and earn rewards or cash back on your purchases. Business credit cards may also offer additional benefits, such as purchase protection, extended warranty coverage, and travel insurance.

6. Are there any downsides to using a business credit card? Using a business credit card can come with risks, such as accumulating debt, incurring interest charges and fees, and damaging your credit score if you are unable to make timely payments. It's important to use a business credit card responsibly and make payments on time to avoid these risks.

Applying for a business credit card can be a smart move for entrepreneurs and business owners who want to separate their business and personal expenses, track their spending, and earn rewards or cash back on their purchases. By understanding the eligibility requirements, application process, and benefits and risks of using a business credit card, you can make an informed decision that best suits your business's needs and goals.

To apply for a business credit card, you typically need to provide the following information:

1. Business Name and Contact Information: You will need to provide your business name, address, phone number, and email address.

2. Business Structure and Industry: You will need to provide information about your business structure, such as whether it is a sole proprietorship, partnership, LLC, or corporation. You may also need to provide information about your industry, such as your NAICS code.

3. Tax ID Number or Social Security Number: Depending on your business structure, you may need to provide your tax ID number (EIN) or your social security number (SSN).

4. Annual Revenue and Estimated Monthly Spend: You will need to provide information about your business's annual revenue and estimated monthly spend on the credit card.

5. Personal Information: You will need to provide your personal information, such as your name, address, phone number, and social security number.

6. Financial Information: You may need to provide information about your personal and business finances, such as your personal and business income, assets, and liabilities.

7. Business Documentation: Depending on the issuer, you may need to provide documentation to verify your business, such as a business license, articles of incorporation, or a partnership agreement.

It's important to note that the specific requirements and documentation needed to apply for a business credit card can vary depending on the issuer and the type of card you are applying for. Be sure to read the application instructions carefully and provide all necessary information and documentation to increase your chances of approval.

 

Best Personal Credit Card for Travel 

Traveling is one of the most exciting and fulfilling experiences one can have, but it can also be quite expensive. Fortunately, with the right travel rewards credit card, you can save money and earn rewards while exploring new destinations. In this post, we'll be discussing some of the best credit cards for travel.

Chase Sapphire Reserve

The Chase Sapphire Reserve is a premium travel rewards card that is ideal for frequent travelers. Cardholders earn 3x points on travel and dining purchases, as well as 1x point on other purchases. The card also offers a welcome bonus of 60,000 points after spending $4,000 in the first three months, a $300 annual travel credit, and a Priority Pass Select membership. But the most important benefit of this travel card is the 50% bonus on spending your Chase Ultimate Rewards points in Chase's travel portal. Without this card, your hard-earned points won't be worth nearly as much. It also gives you 5x back on flights booked on their travel portal and 10x points on hotels booked on their travel portal which is the best reward redeption out there.

Choosing the best travel rewards credit card for your needs can help you save money and earn rewards on your travel expenses. By comparing the rewards programs, welcome bonuses, fees, and additional benefits of different cards, you can find the right credit card to suit your travel needs and preferences.

I recommend getting cards with Chase, Capital One, and Amex because if you use all of those various cards correctly, you'll have points that you can transfer to travel partners or you can also use them on each bank's travel portal. These are really the 3 best banks to work with for credit cards for dropshipping stores that get the best rewards and have the most flexible redemption options that also have the highest value.