The Right Kind Of Business Credit Card Offer

The right kind of business credit card offer is one that meets the needs of the business.  Some of the best credit card offers give cash back rewards, bonus mileage and other rebates and incentives for the credit card user. What may be appropriate for one business may not be suitable for another. Determining the type of business credit card offers that is appropriate for the business, depends on the purpose for the credit card and how the business uses credit.

The Use of Business Cards

Business credit cards provide a way for a business to purchase supplies and incidental materials necessary for the operation of the business. These purchases can include paper, writing instruments, supplies and office equipment. Additionally, business credit cards can be used for entertaining clients and meeting travel expenses including flights and rail, hotel and taxis.

Cash Back Rewards

Cash back rewards programs have gained popularity and are used as an incentive. A business that uses their business credit card frequently will find themselves in position to gain the most from using a cash back rewards credit card.

A cash back reward card is a card that provides a certain amount of money back to the business, after a certain level of use has occurred. The cash back credits are based on a certain volume of purchases, made during a period, for regularly purchased items. A business that uses their credit card to buy office supplies on a weekly basis or that engages in regular business travel may benefit from a cash back rewards program.

Bonus Mileage

A business that engages in business travel can benefit from bonus mileage rewards.  These programs, offered by credit card companies in conjunction with specific airlines, provide miles that can be used for future travel. The mileage programs are governed by the airline companies and can provide a way for businesses to establish a mileage account that can be used in different ways. Bonus miles can be part of an employee incentive program or meet the travel needs of a business. Also, miles can also be donated to “mercy” networks that provide travel for chronically and terminally-ill patients and members of the armed forces.

Rebates

Rebates are offered and provide discounts on purchases. Unlike the cash back rewards, the rebates are provided after a specific dollar or volume is met. Rebates can be helpful and can help a business save money. Rebates are important to consider for a business that purchases certain types of items on a consistent basis. For example, if a business purchases toner every month, and a rebate is offered of $100 each month, the company can save $1200 per year on toner.

A business should study each credit card offer carefully in order to determine the type of offer that provides the greatest benefit.