Many people report that having the right credit card can defer a lot in the business world. Thus, the Hilton Honors Business Card is recommended to become the best card for owners of businesses that often travel or prefer luxurious accommodations.
With such privileges this card not only enriches your traveling and makes it more enjoyable but also can help to control the business expenses. If it’s a number of bonus points on the eligible purchases or complimentary elite status in the Hilton Honors program, this card has all that and more.
Main features of the Hilton Honors Business Card
This Hilton Honors Business Card is provided by the American Express – a name that resonates with trust and luxury. Overseas businessmen are those who are fond of quality things hence the importance of having it designed to suit their business needs.
In fact, ranging from using your Hilton Honors Business Card to book your business Hilton hotel stays to catering for your day to day business needs, the Hilton Honors Business Card guarantees a smooth journey.
This card is good for business travelers who wish to get more travel rewards and at the same time, have some elites status. The complimentary Hilton Honors Gold Status that is come with the card is a valuable feature, features such as room upgrades and 80% bonus on base points on every stay.
Understanding the annual fee
Wanting to join the Hilton Honors Business Card holders, a person should know everything about the card’s annual fee. The card has an annual charge of $195 which is charged yearly, at the billed anniversary of the account.
Deciphering credit limits
American Express decides the credit limit for the Hilton Honors Business Card by some factors. Initially, are based on factors such as creditworthiness, which involves among other things credit score, credit history and credit status. In this case, credit limit is given depending on credit scores and history of credit usage, and hence, business owners who have been good credit risks are likely to be granted high credit limits.
Also, worth noting is that credit limit is influenced to a large extent by your business’s financial information. American Express company will consider the annual revenues of the business, the expenses and financial health of the business.
This rigorous assessment enables the credit limit to match your business needs as well as spending abilities. As a businessman/woman, showing all the necessary documents related to financial strength can enable one get a higher credit ceiling, which in turn can be useful in managing the expenses of the business.
Advantages of the Hilton Honors Business Card
- Complimentary Hilton Honors Gold Status: Complimentary upgrades on room, free breakfasts, and an 80 base point bonus on points earned during a stay.
- Upgrade to Diamond Status: Hilton Honors Diamond members pay $40,000 for the privilege, paying $40,000 in eligible purchases in a calendar can get one upgraded to a Hilton Honors Diamond membership which comes with even more perks.
- National Car Rental Emerald Club Executive Status: Free membership to the National Car Rental’s executive club which entitle the user to get best rental services.
Standout advantage
Among the great features of the Hilton Honors Business Card, you get the $240 Hilton Credit. The customers are eligible to get up to $240 of the options to be rebated annually for Hilton purchases, with $60 on a quarterly basis at most.
Addressing potential drawbacks
- Annual Fee: Due to the possibility to earn points in different ways and the $195 annual fee it might not be perfect for some business owners, especially those who travel not very often.
- High APR: As for the variable APR on purchases it can change from 20. 99% to 29. around 99%, although, for those who leave a balance, this rate may be rather high.
- Spending Requirement: To qualify for the 130 000 bonus points, you are required to charge $6000 in the initial 6 months to this card, which could be stretching it for some business entitles.
Standout disadvantage
The disadvantage of the Hilton Honors Business Card is that it comes with a high APR which can be translated to be equivalent to the high regular interest rates. Another still is that the interest rate is not fixed, and it varies between 20% for one type of loan and another type of loan only. 99% to 29.
Eligibility criteria
First, simply, the client has to have a registered business or he or she is a sole proprietor in possession of a valid tax identification number. It is usually expected that the applicants must have a credit score ranging from good to excellent since it is an indicator of their ability to manage credit responsibly.
Further, American Express might demand proofs of your business’s revenue/turnover, expenditure, and general financial statements. Such criteria enables you to capture all the possibilities of using the card for your business, at the same time exercising proper control on your business expenditure.
How to apply for the Hilton Honors Business Card
Becoming a member of this card is easy especially suited to the business person with little time to spare since it’s an online application. It is possible to start up the application process through the various methods and means in a convenient and efficient manner.
Via website
Just go to the American Express website and go to the desired card which is the Hilton Honors Business Card and there, click ‘Apply Now’. To continue your Express business visa application, you will need to fill a form online requiring you to input your, as well as your business’s financial information.
This method enables a candidate to finish the application at his/her own free time and a decision is immediately made in most cases. Using the site you can get the complete details regarding the card and its advantages so that you can be in a better position to make the right decision.
Through the mobile application
Mobile users also have an easier time when applying for the Hilton Honors Business Card through the American Express app. On an iPhone, find the card application in the App store or on an Android phone, get the app from the google play store.
The app allows simple input of the details of the applicant and easy submission of the application. Also, it has utilities such as spending tracker and account notifications; therefore, besides the card, the app is helpful for business’s financial management.
Through the store/branch
Currently, American Express is a primarily online company but in-branch services can be applied for directly through your bank or by going to the local American Express bank offices. However, this is not very common and may not be offered by all the centres across the country.
