When starting a business there are many important decisions that need to be made. Some of the most important decisions surround choosing a credit card processing company, and learning the ins and outs of merchant accounts. Some other decisions may fall by the wayside when figuring out these important factors, but they do not need to. In order to assist you in finding the best for your business, we have identified the top credit card reward programs that are geared toward business customers.
Cash Back: Chase Ink Business Card
The Chase Ink Business Card can come with either points toward merchandise or cash back. The cash back version gives you a $200 bonus if you spend $3000 in the first three months of opening the account. You will earn 5% cash back in select business categories, such as office supplies, cell phones, landline, and internet bills. A 2% rate of cash back is earned on the first $25,000 spent at restaurants and gas stations, and 1% cash back is earned on all other purchases. There is no annual fee for this card, and Chase Ink is offering a 12 month 0% APR for balance transfers and purchases for new accounts. You may order additional cards for your employees at no extra cost.
Travel Rewards: American Express Business Platinum Card
After spending $5,000 in the first three months, you will earn 25,000 membership points. This card is perfect for the frequent traveler. A card perk is $200 to spend annually on any airline purchases, such as baggage fees, in-flight services, etc. As a Platinum cardholder, you gain access to over 600 airport lounges worldwide, and a Business Concierge that is available to assist you with travel plans at any time. Additionally, a 20% travel bonus will be awarded for membership rewards Pay With Points. A complimentary elite awards membership to some car rental companies and hotels are awarded through a Platinum card as well. Points can be awarded for airline tickets, hotels, getaways and much more.
While there are many other credit card rewards areas for merchant accounts, these two have been recognized by many reputable business sites as the most outstanding offers available for businesses. In the midst of making decisions about credit card processing companies, logo questions and business models, you can rest assured that the two cards mentioned above are two of the best options for your small business.