Author Topic: Best Cash Reward Credit Card for Business Purchases  (Read 3031 times)

h2ogal

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Best Cash Reward Credit Card for Business Purchases
« on: December 01, 2016, 08:02:08 PM »
Hello!  Asking for help from Mustachian Small Business Owners.   

I'm looking for the best reward card for our small business expenses.   I'm in the process of doing my own research, but I have great respect for you folks and I know many of you own your own businesses.

We don't need actual "credit" for the business expenses, we have a low interest line of credit with a bank if that is ever needed.  But we would like a credit card with rewards for convenience in paying business expenses.  These expenses are things like industrial parts and equipment maintenance and repair fees, electrical, and welding materials, office supplies and equipment, oil and diesel fuel, miscellaneous business services, cell phones and plans, etc.  These expenses can be easily be over $50K per month and right now we are usually paying with business checks, but that seems like a lost opportunity to gain some rewards.   

The card interest rate is less important as we will pay the card balance monthly.      Integration with quickbooks would be great as would detailed reports, but this is not a deal breaker.  We don't want rewards in "travel" but prefer cash rewards.

Does anyone have a recommendation or experience to share?

 

ender

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Re: Best Cash Reward Credit Card for Business Purchases
« Reply #1 on: December 01, 2016, 08:04:20 PM »
Oh my gosh I would love to be able to have $50k worth of legitimate business spend per month. I would have SO MANY POINTS.

The main question is, do you want just one card? Or are you interested in trying to go through cards and optimize the crap out of rewards/signup bonuses?

kpd905

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Re: Best Cash Reward Credit Card for Business Purchases
« Reply #2 on: December 01, 2016, 08:06:59 PM »
The Chase Ink Business Preferred card would give you $800 after spending $5,000 in the first 3 months.  It also gives 3% back on travel, shipping purchases, internet and phone.  This card has a $95 annual fee.

https://creditcards.chase.com/credit-cards/small-business/ink-business-preferred?CELL=603Z?jp_cmp=/Ink%20MCP%20-%20Brand%20-%20Exact/sea/43RyQIfF/Chase%20-%20Ink&kwdID=43RyQIfF_dc&adgrpID=160138179241&S1S9=VK0WN8

Otherwise the Chase Ink Cash card would give you $300 after spending $3,000 in 3 months.  This card gives 5% back on office supplies, cell phone, internet and cable.  This one has no annual fee.

https://creditcards.chase.com/a1/olainkcash/th

h2ogal

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Re: Best Cash Reward Credit Card for Business Purchases
« Reply #3 on: December 02, 2016, 08:56:46 AM »
Thank you for the responses!

Quote
The main question is, do you want just one card? Or are you interested in trying to go through cards and optimize the crap out of rewards/signup bonuses?

Realistically, I can only manage one card.  When I 'fired' we cut back on office help assuming we only needed me to be part time in the office..........I'm overwhelmed with paperwork.  Yesterday I had to pay 2 'late fees' just because I did not get to all the mail before I went out of town for Holiday week!  Late fees Suck!!