In general, we spend a lot of time on personal credit cards here in The Points Guy. When choosing the right cards (and then using them in a responsible manner), the average consumer can earn hundreds of dollars a year in rewards, whether cash, airline miles or flexible points that can be used in several ways.
However, small businesses can also use credit cards to obtain rewards; In fact, it could be argued that these products can be even more valuable for business owners than for consumers.
Regardless of the size of your company, this is how you can increase your final result, and optimize your operations, with a Small businesses card.
Starting
Discovering a small company can be a massive task. Depending on the nature of its operations, it is possible that you must invest in inventory, advertising, equipment or a series of other expenses in advance. This can sometimes happen weeks or even months before you have any income.
Thankfully, Small businesses cards You can offer immediate capital to help in these first phases. In fact, some cards even offer an annual introductory rate of 0% in purchases, such as Ink Business Unlimited® credit card (see rates and rates), which offers an introductory APR of 0% for 12 months from the opening of the account in purchases (after that, 17.49% -23.49% APR variable is applied). This can help cover the impact of some of those strong initial expenses.
And don’t worry if you I have not yet formalized your business with an identification number of the federal employer, or EIN. Many commercial credit cards allow you to request (and obtain approval) as a single owner using only your social security number. This is an excellent starting point before establishing its operations and having a constant income flow.
Related: Who qualifies for a commercial credit card?
This is exactly how Dorie and Michael, owners of a glass blown study called Shiny Sparkle Labs in Brooklyn, New York, began. They started with a simple and not annual rate card to finance their first operations, and then added additional cards as built his commercial credit Diversify your rewards and improve your income potential.
Valuable rewards
Speaking of rewards, this is another great characteristic of small businesses cards. Whether you are looking for cash return to reinvest travel or travel rewards to make your next trip, you are in the driver’s seat to support your unique company. In fact, many cards offer rewards in business categories that can match their common expenses, including online advertising, telecommunications purchases, office supplies and output to obtain entertaining potential customers.
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For example, one of my own small business credit cards is the Ink Business Cash® Credit Card (see rates and rates), That I opened years ago as a single owner before having a established limited liability company, or LLC. I love income rates on this card:
- 5% return in office supplies and internet supplies, cable and telephone services (up to $ 25,000 in combined expenses of each anniversary year)
- 2% return in service stations and restaurants (up to $ 25,000 in combined expenses of each anniversary year)
- 1% turn on all other purchases
Even better? The vast majority of small businesses have no limit on the rewards it can win.
It doesn’t matter how you are spending your money, there is a commercial credit card that can put valuable rewards in your pocket.
Advantages for business
Beyond the rewards you can win, many commercial credit cards are in a variety of advantages specifically designed with small businesses in mind. While they are generally in the most premium cards, however, they can contribute largely to compensate for the annual card of a card, and in many cases, these are purchases that I was already planning to do.
As an example, the recently released Chase Sapphire Reserve for Business℠ (see rates and rates) Includes the following declaration credits:
- Google work space: Win up to $ 200 in annual declaration credits made directly with Google Workspace until December 31, 2027.
- DORORASH: Receive a membership membership of courtesy plus up to $ 25 in DORORDASH credits every month, including a monthly promotion of $ 5 in restaurants and two promotions of $ 10 each month for groceries, retail orders and more until December 31, 2027.
- Ziprecruiter: Win up to $ 400 in annual declaration credits made directly with Ziprecruiter (January 200 to June and July 200 from December) until December 31, 2027.
- Lyft: Obtain up to $ 10 in monthly credits in the application to use on trips until September 30, 2027.
- Gift cards: Win up to $ 100 per year in declaration loans when you buy gift cards from a cured collection in Regalcards.com/reservebusiness (January 50 to June and $ 50 from July to December) until October 31, 2028.
If you are currently using any of these suppliers, be sure to investigate whether this card, or other people in the market, could be a good option.
Tools to manage spending
Finally, most small business cards have integrated tools to optimize their operations and control spending. This includes integration with accounting software, which can help your billing and preparation of taxes are very direct. You can too Add employee cards To your account. In fact, many cards allow you to establish individualized spending limits in these authorized users, which can ensure that each employee has what she needs to make purchases for the business without worrying about excessive spending.
In addition, many commercial credit cards have flexible payment options to ensure that it manages the cash flow of your business.
The best part? These tools are generally built directly on eligible cards; There is no additional purchase or rate to enable them.
End
As owner of a small business, he has a lot to drive daily. Fortunately, there is a product that can help relieve these loads in many facets of its operations: commercial credit cards. From helping you start obtaining valuable rewards and unlocking numerous advantages, the right card can help improve your final result. And with incorporated tools to manage spending and cash flow, these cards can increase their efficiency, which makes valuable time return to your pocket to concentrate on growing your business.
If you own a small business, or plan to start a soon, be sure to investigate What commercial credit card? It is the best for you.
