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Everyone knows that small business credit cards often come with reward miles. The more money you spend, the more free miles you can accrue in conjunction with your credit card company's partnering airlines. But what you might not know is that a small business credit card can score you free cash, important corporate discounts, office supplies, computer software and even telecommunication discounts!
Mile Rewards
If your small business needs involve national or international travel, then a small business credit card offering reward miles should spark your interest. Different cards offer different benefits. Some cards offer small business consumers a free mile for every dollar spent. Depending on your credit score and how much money you plan to charge on your account annually, you may be able to find a card that doubles your miles-paying two miles for every dollar your small business spends!
Additionally, look around for the best reward deals both initially and annually. It's not uncommon to find a small business credit card that will provide you with 5,000 to 10,000 miles just for successfully applying! And depending on how much money you're willing to charge annually, you may be entitled to an additional 5,0000 to 10,000 bonus miles per year. But be sure to read the fine print! Pay attention to special terms, black out dates, or limits to the number of miles you can earn or destinations you can visit.
Cash Rewards
Cash rewards are another potential benefit of small business credit cards. There's nothing like cash! Many small business credit cards will let you opt for a cash rebate in exchange for reward miles or other bonuses. Additionally, some cards reward small businesses with a flat 1% cash back reward on all purchases spent followed by a 5% to as much as 25% annual cash back bonus on cash earnings.
Discounts, Office Supplies and Software!
Small business credit cards also offer rewards in the form of discounts for corporate services, office supplies, and computer software. You may even be able to get a small business credit card that discounts your business's phone service! But don't just select a card because of the special rewards. When choosing a card, balance the desirability of the rewards with the efficacy of the credit terms. To learn how to judge whether the terms of a particular small business credit card are right for you, get the facts on small business credit card management.
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