Watch Related Videos
comments
Given that credit cards are now one of the most popular modes of payments, business reward credit cards offer an exciting opportunity for business owners and employees. No matter what the size your business is, a business credit card gives you the opportunity to earn great rewards for yourself, your business and your employees while giving you flexibility to manage your company’s credit card expenses. Charging expenses to a business credit offering credit cards reward programs can make you eligible for various rewards such as cash back, no annual fee, free expense reporting, airline miles, higher credit limits, low introductory interest rates, and travel rewards.
Cash Back
Cash back reward on your credit card basically pays you a percentage rebate on all purchases. The cash back is calculated for supermarkets, gas stations, restaurants, etc. The more you use your credit card, the more cash back you accumulate, which you can utilize for purchasing whatever you want. You can also add your employees as additional cardholders with a pre-set spending limit so that all your business expenses are charged to the same account. While the percentage of cash rebate is fairly nominal, high volume business expenditures can result in maximising the amount of cash back over the span of a whole year, and can lead to significant savings for the business.
Travel Rewards and Airline Miles
When you and your employees travel frequently using your business credit card, you accumulate air miles or frequent traveler miles. The mileage credit can be redeemed for free airline tickets. The frequent traveler miles can also be redeemed towards upgrades from a coach to a business class or first class ticket. Accumulated miles can also save you a lot of cash in the purchase of your future tickets. Travel reward credit cards allows you earn points which you can use towards free hotel stays, room upgrades, car rentals and travel packages.
Free Expense Reporting
Business reward credit cards typically offer free expense reporting. Expense reporting sorts out your purchases into different categories and lets you keep a track of all your expenditures. It makes it easier for you to monitor your main business expenses. It eliminates the need for you to track expenses by consolidating all expenses into one account. The monthly statements also categorize expenses made by each employee. It can help eliminate the need for the employee to consolidate and document monthly expense statements and send invoices for reimbursements.
Start-up Capital
When you start a new business or want financing for an existing business, you could potentially get low interest loans and credit card advances through the credit history you built using your business credit card. As your business is established, you can pay off these loans. Basically, as you establish a regular credit history, your line of credit increases giving you more flexibility in your business. A business credit card will give you access to an affordable, unsecured line of credit to help you make necessary business purchases.
Useful Credit Card Business Rewards
|
Find the Best Credit Card
|
||||||||||||
