The new American Express FreedomPass credit card from OPEN, the small business team, is a business credit card that provides users with high yield rewards. With only 7500 points, you earn a $100 American Express travel reward certificate for purchases on your Card Account at airlines, hotels, car rental companies, cruise lines, travel agencies, tour operators and on-line travel sites. For most small businesses, obtaining a few thousand dollars in travel rewards every year would be in reach with this credit card.

There are a few notable differences between the American Express FreedomPass and most travel rewards business credit cards. For example, the CitiBusiness® / AAdvantage® Visa®, which only allows for travel on American Airlines, and the Gold Delta SkyMiles® Business Credit Card charge annual fees of $85. This is also true for consumer travel and airline rewards credit cards. The American Express FreedomPass does not charge an annual fee, which makes it unique among travel rewards credit cards.

A second notable difference between FreedomPass and other business rewards credit cards is the rewards rate. Although this business credit card, like most other cards, gives 1 travel rewards point for every dollar spent, the value of 1 point is 33% higher for FreedomPass points. Why? A $100 American Express travel rewards credit to your account only takes 7500 points to earn. This detail in itself makes this business credit card a rewards standout.

Earning over $1000 in rewards with the American Express FreedomPass credit card is easier than doing so with a card that only offers a standard 1 dollar = 1 point = 1 cent business credit card. For example, if your business spends $10,000 a month with this American Express business credit card, expect to cash in $1600 in travel rewards. That’s equivalent to earning 1.33 points with every purchase you make. Plus, as an added bonus, American Express will also get you started with 5,000 free FreedomPass Miles after you use the card to make your first purchase. Spend $2500 with your card and you’ve already earned a $100 American Express travel reward.

Now, there are some issues of fine print to examine. Let’s say you spend $167.88 on a hotel room. Because American Express FreedomPass points are redeemed in increments of 7500, you would need to use 15000 FreedomPass points to pay the bill in full, or use 7500 points to cover the first $100 and pay off the remaining $67.88 in cash. While a rewards point redemption situation such as this may not be ideal, your business reaps more benefits by mixing its FreedomPass miles with Amex spending than it does by wasting $32.12 in future rewards.

Business rewards credit cards and business charge cards provide a great way to make spending profitable. When you spend cash, you get nothing in return. When you spend with a business rewards credit card such as the American Express FreedomPass, you earn a small percentage of your business’ spending back. This American Express small business credit card may not be right for everyone, as some may enjoy the option to earn giftcards and other non-travel rewards. However, in terms of travel rewards business cards, the American Express FreedomPass is worth giving a second look.

Jeff Weber is the President & CEO of Credit Card Depot Inc. His primary website, Credit Card Depot, features detailed credit card application information and links that has helped over 10,000 consumers find new credit card over the past two years. You can find over 80 current credit card applications, including the American Express FreedomPass and other American Express business credit cards, at http://www.credit-card-depot.com

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