How to Select a Cash Back Business Credit Card
By Jake Everett
Many business credit cards offer rewards tailored to general business needs. However, some of these rewards can be tricky and only give the appearance of savings, or can have rewards so inconvenient, such as airlines with blackout dates, that they are not worth it. In some cases, the best reward can be simple cash back.
Let's look at the ever-popular frequent flyer miles. You may assume that since you'll be using your credit card anyway, you might as well begin accumulating airline miles and getting free tickets. But not so fast...
There have been attempts by some credit card "gurus" to determine the value of frequent flyer miles. Almost without question, the general agreed-upon value is about 2 cents per mile. One of the reasons behind this is the fact that most airlines won't let you redeem any miles until you've accumulated at least 25,000 of them, and a typical domestic ticket costs around $250.
Did you get that?
You'll typically have to charge $25,000 worth on your business credit card to get one measly airline ticket. Maybe.
Now, if you will regularly charge that much, AND if you will be able to pay off your balance in full so as not to incur interest charges, as well as picking a card that doesn't have an annual fee, you may want to consider a card that rewards frequent flyer miles.
If this just doesn't seem worth it to you, consider a business card with a cash back rewards system.
Cash back is simply another way for the credit companies to give you incentive to use your card. They give you a percentage of the purchase price of participating services back, sometimes in the form of a check, sometimes as a deduction from your balance, and sometimes all at once at the end of the year.
Some cards offer pretty good cash back savings. For instance, American Express's OPEN network offers 3% cash back on Delta and JetBlue tickets, as long as they are purchased directly from the airline's websites. After you buy 34 tickets this way, assuming our $250 domestic flight example, you will have saved enough for a "free" ticket. Other cards offer even better savings, depending on the participating vendor. Some offer savings on shipping, dining, and other frequently used business services.
It's always worth it to fully investigate cash back options on business cards, especially as these cards usually cater to business interests and merchants. Decide what services and products your business uses most frequently, and shop around for cards that work with vendors matching your needs. You might find some unexpected, and in some cases quite high, savings.
Take Full Advantage Of The Advanta Cash Back Credit Card Rewards
By Richard Gilliland
The Advanta Bank, which was founded by Jack Alter in 1951, caters to the financial needs and requirements of small business proprietors. The Advanta Bank introduced the Advanta Platinum Business Card to enable the business owners prosper in their businesses and create better opportunities for them.
The Platinum Business Card from Advanta allows small business owners to consolidate all their business-related expenses into a single credit card account. This is a great advantage indeed but the Advanta Cash Back Credit Card rewards are, beyond doubt, the strength of the Business card.
Before we proceed with the Advanta Cash Back Credit Card rewards, let us have a look at the card features:
·The card charges no annual fee and this is very unusual with credit cards.
·The card offers a 0 percent introductory annual percentage rate (APR) on balance transfers for the first 15 months. Then the APR changes to 7.99 percent. The most crucial point is that it a personalized card and therefore you can have your name on it. The low competitive interest rate allows you to carry the balance to the next month.
Rewards Program
The Advanta Cash Back Credit Card Rewards program promises you a host of benefits:
You can bag a full 5 percent rebate on purchases of gasoline, diesel, electronics, online advertising, other select items and products. You will also have an opportunity to earn 1 percent rebate on all the other purchases.
The rewards program enables you to earn points, which can be used for bonus cards, merchandise and gift cards or for travel rewards. You can earn one point for every dollar spent on all purchases made with the card. There is no limit to the number of points that can be earned in a year. But in a three-year time period the points are bound to expire. (During the billing cycle if your unpaid rewards reach $50, then you will get a $50 check.)
The other benefits of the card include insurance benefit for a rental car, access to the online account for monitoring the purchases and bill payments, online statements and management reports, warranty on purchases and many more benefits.
Equipped with card, you can also get discounts on those products and services, which are bought from those merchants who are a part of the Advanta network.
The Extra Benefits
The credit card allows the customers to enjoy a large number of benefits like auto rental insurance, purchase protection, extended warranty for purchasers, access to travel rewards or rebate program, personalized business checks, personalized billing dates and many more. The card also allows 0 percent fraud liability.
