If you are a small or growing business, having access to credit to help with your cash flow can sometimes be the key to your company’s success. Whilst you might not want to pay high interest charges on credit, having the ability to use a credit card to manage your company’s expenditure can be extremely useful.
And now, in addition, you can sign up for a business card that not only offers the ability to manage your day-to-day finances, but also earns you credit card rewards.
What is a business rewards credit card?
A business rewards credit card provides all the convenience and flexibility of a traditional credit card but is also linked to a credit card rewards program. For example, your business might need a credit card that can be used to make purchases and pay bills to help the business grow. Now, as well as these benefits, you can also take advantage of a wide range of complimentary rewards, just for using your card.
Many credit card companies and financial institutions offer business rewards credit cards to companies from start-ups to established firms.
How a business rewards credit card can help you
Business rewards credit cards provide an easy way for your business to manage your day-to-day finances. They also help you take care of travel, office supplies and other costs associated with running a company.
You can also typically add a number of additional cardholders to your company’s business rewards card account. This means that fellow directors of the business or anyone who uses an expenses account can be linked to your business credit card rewards program.
Every time any of the linked cardholders use the card for purchases, you will be awarded points based on the amount you spend. You typically earn between one and two reward points for every dollar you spend on the card.
Businesses often use credit cards in order to track the expenses of the company. This is easy to do with a rewards credit card as regular statements mean you can track payments and reconcile your expenditure. Paying a regular monthly payment is easy to manage financially by applying for and using a business rewards credit card.
Wide choice of rewards
With various cardholders all using your business rewards card to accumulate points, you will be surprised how quickly you amass a large amount of credit card rewards. You then have a choice of a wide range of rewards for which you can exchange your points. These rewards typically include:
1. Domestic and international flights
2. Gift cards and shopping vouchers for everything from Accor hotels to David Jones
3. Experiences (such as spa days, theme park passes or adrenaline experiences such as rally card driving)
4. Electrical goods such as kitchen ware, cameras and audio equipment
5. Food and wine
Could your business benefit from a credit card rewards program?