It used to be that business credit cards serve only two purposes – to separate business and personal finances and to assist a business with its spending needs. Yet, as competition among credit card companies build up, credit cards for small businesses have become better and with so much more to offer.
Nowadays, business rewards credit cards comes in all varieties. Currently, there are three basic types of reward programs that business credit cards offer. These are the Miles, Gas and Cash Back Rewards. Some business credit cards offer a combination of two or more types of rewards while others offer incentives or bonuses that are especially designed for specific businesses.
Business credit card with Miles Rewards
Business credit cards with miles rewards are ideal for businesses that require travels. Do you frequently take trips abroad to promote your business or meet new clients? Do you usually purchase your supplies or raw materials from another state or country? Do you often fly airlines to get to your business destination? If yes, you can take advantage of what Miles rewards credit cards can do for your business.
How? Generally, Miles Rewards Cards award points from travel related purchases such as airline tickets, hotel accommodations, car rentals, etc. Although you can get points from regular purchases, travel-related expenses often have higher points value. These points are then converted to miles or free airline tickets. Aside from tickets, hotel and car rental discounts, free travel insurance are just some of the exclusive privileges you can enjoy. Think about how much you can save from your travel allowances simply by using your business credit card on your trips.
Business credit card with Gas Rewards
Do you own delivery vans or trucks that you use for your business? Then perhaps getting a gas reward business credit card would be a practical choice for you. As their name implies, this type of business credit card particularly gives rebates and points from gasoline purchases.
Typically, you can distribute extension cards or supplementary cards to your drivers so that each time they purchase gas, you also earn points in your account. If you spend a lot on your transportation allowances, you can make the most of your spending by getting a gas reward card.
Business credit card with Cash Back Rewards
A business credit card with cash back rewards is the most flexible of all reward programs. Almost any type of business can make the most of this credit card. Earning rewards is simple. Each time you use your business credit card for purchases, you also earn cash back points in your account. These points can be converted to cash, checks, gift certificates or even redeemed as goods or products.
Usually, it gives 1 points per every 1 dollar spent on the card but some credit cards offer more points for each dollar spent. By distributing supplementary cards to your selected staff, you can collect your points more quickly and get more from your credit card spending.
More Rewards:
Business Rewards Credit Cards
Cash Reward Credit Cards
Airline Reward Credit Cards
Thursday, July 9, 2009
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