With every business endeavor comes a certain need to spend money. While you make the necessary expenses, why not choose a credit card that will reward your purchases? Business rewards credit cards offer many useful benefits, and some are a great way to help you earn cash back or accumulate travel bonuses. With business rewards credit cards, you can get the rewards your business deserves.
Consider Cash Back
Many business rewards credit cards come with a program that allows you to earn cash back on your purchases. These offers usually apply specifically to business-related purchases. So if you have to buy office equipment, you can expect to receive a good portion of money back as a rebate.
On average, cash back rewards cards geared for small business owners offer up to 1 percent cash back on general purchases and around 3 percent cash back for business expenses. Some even allow you to earn up to 5 percent cash back.
The rewards on these cards can add up fast. Say you spend an average of $1,000 each month on office supplies, and your card includes a cash back incentive of 3 percent. You'll earn $30 a month just for using the card. Pay off the balance each month and you won't have to worry about interest charges adding up.
Travel Rewards
Another popular choice for business owners comes in the form of travel rewards. This type of card grants you points or miles as you spend. You can then use these toward airline tickets or other travel rewards. If you travel frequently for business purposes, or plan to in the near future, these cards are a solid option.
A Variety of Rewards
Some business rewards credit cards simply give you points every time you make a purchase. As your points add up, you can redeem them for a variety of reward options. The choices often vary from hotel stays to airline tickets to other miscellaneous items. If you don't want to be tied to a specific rewards plan, the point system is a good way to go. It will give you a wide selection to choose from, so you can decide which rewards will be the most valuable to your business at certain times.
Additional Perks
Using a business rewards credit card comes with many other benefits. If you use it for all of your business purchases, you will be able to keep a list of all of your expenses. Also, many of these cards come with an expense report that categorizes your purchases. This lets you see how much you spent on certain items. Having everything in one place is especially helpful when tax time rolls around.
Some programs include an option to put a spending limit on employee cards. This feature makes it possible to have workers use the card, without having to worry about them spending too much. Other cards give you online access, so you can check your account at any time.
Business rewards credit cards are a valuable resource to have. They will not only help you better manage the finances of your company; they will also reward you with many bonuses. Sign up for one today. Then watch your company, and rewards, grow.
Business Rewards Credit Card
The Chase Business Cash Rewards Card is a Visa cash back rewards card issued by Chase Manhattan Bank and is ideal for people with excellent credit looking to consolidate business related expenses with one credit card and planning to utilize the rebate program to the maximum. Based on the FICO score recommendation, you should have a great or nearly perfect credit record. A FICO score of at least 764 is recommended for a higher chance of approval for the Chase Business Cash Rewards Card, but is not required. You will generally require your basic business information, including your Federal tax I.D. number and telephone and permanent address when you apply for this card.
The introductory APR is as low 0.00% for 6 billing cycles on purchases and balance transfers and that too without any annual fee. Though it depends on your credit history and varies from 5.99% to 9.99% added to the prime rate, 14.99% being the regular APR. However, once the introductory rate expires, the Chase Business Cash Rewards Card does have an above average interest rate for purchases and balance transfers.
The Chase Business Cash Rewards Card is a cash back card providing you with cash rewards on your purchases and its rewards system is based on points. Through the rebate program you can receive up to 5% cash back on most of your purchases without any limit on the amount of cash rewards you can earn. According to the rebate program you get one point per $1 for new net purchase totalling between $0 to $2000 each billing cycle; five points per $1 for new net purchase totalling over $2,000 and up to $2,500 each billing cycle; and 1.25 points per $1 for new net purchase totalling over $2,500 each billing cycle. You will receive $50 every time you earn 5,000 points or you can also choose to receive brand-name merchant gift certificates.
If you are looking beyond the rewards program for something more substantial then too the Chase Business Cash Rewards Card is the ideal card for you. Not only does it provide you with amazing rewards and partial cash returns, it also provides several benefits including a purchase protection plan, travel accident insurance and also auto rental insurance. There are some additional perks along with the Chase Business Cash Rewards Card like emergency cash replacement, emergency card replacement, lost and stolen reporting, various travel and emergency assistant services, extended warranty for purchases, purchase protection and of course the Visa Business Partner Advantage. What's more, the Chase Business Cash Rewards Card offers you quarterly management reports, year end financial statements if you want and additional cards to be used by your employees. To top it all, you can fully avail the various internet account related services and you are under no liability for unauthorised purchases made by your Chase Business Cash Rewards Card.
If you plan to occasionally carry a large revolving balance, you might find doing so a little costly due to the 'Two Cycles Average Daily Balance' method used by the Chase Business Cash Rewards Card to determine finance charges, which ends up costing more to maintain an occasional balance compared to the 'Average Daily Balance' method used by some other credit card issuers. Hence, if you can pay in full each month after the introductory rates expires (to avoid finance charges) and plan to take advantage of the reward program you will benefit most from the privileges offered by the Chase Business Cash Rewards Card.
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