The Benefits Offered by a Business Credit Card Rewards Program

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Travel with Credit Cards » The Benefits Offered by a Business Credit Card Rewards Program

The Benefits Offered by a Business Credit Card Rewards Program


Updated: December 26, 2012

Add to Favorites:
Business credit card reward programs offer plenty of incentives to business owners allowing them to have access to a variety of benefits and luxuries, other than simply reducing their overall spending. Think of this as a bonus for the continued use of the card brand of your credit card company with each dollar you spend with it. As a business owner, you would find that this setup benefits both your business as well as the credit card company that you are contracted with. One of the most basic incentives offered by business credit card rewards programs is cash back, in which the overall costs charged on the credit card during a purchase would be reduced and that amount would be given back to your business. An example of a typical business cash back program includes discounts of about 2%-5% back on gas and food purchases, and maybe even a 1% back on other purchases. This cash back benefit also allows you as the business card user to gain more control, a reward which is important as it is beneficial in the program, in which the cash back in your account is cash and could be targeted where your business requires it. There is also the benefit of allowing you as the business credit card user to get more cash back by target spending. One of the best examples of this is by putting almost all your purchases of a certain product, let`s say gas, into one of your credit cards and this could be used to help you access the best benefit offered. You could also get more benefits with this method by choosing a program that maximizes the return in which your business is currently spending. Another benefit that the business card rewards program could offer you is assistance in travel allowing you to engage in more business activities. Because travel expenses are typically high, even more so if you travel around more regularly, you could make use of the business credit card rewards program to get travel services for lower prices or even for free. Some examples of the many services that you could get for lower prices or for free include airline tickets, car rentals, travel meals, gasoline, and hotel reservations. There could also be a point accumulation type of rewards program, another common type of benefit offered, which allows you to win merchandise by earning up points by continued use of the brand of credit card. Such examples of benefits that you could win include furniture, appliances, and maybe even free services at certain institutions. This point accumulation is also, in effect, another form of getting discounts of the total amount that you have paid for your purchases while using your business credit card. But unlike the cash back benefit, this point accumulation reward offers only the same effective discount of whatever you purchase using your card instead of allowing you to target spending. As a credit card user and business owner, be sure to make use of the benefits these reward programs could offer you.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products’ Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Top 5 Cards for Travel from Our Partners Autumn 2017 – Expert Choice

Top 5 Cards for Travel from Our Partners Autumn 2017 – Expert Choice

Posted: November 8, 2017

Nights are drawing out, the wind is colder every day and you already feel the lightest breath of winter on your face - autumn is here. Holidays are over, kids are back to school and all you are left with are hefty holiday bills that you ... Continue reading
Autumn 2017: Best Rewards Credit Cards for Thanksgiving Shopping

Autumn 2017: Best Rewards Credit Cards for Thanksgiving Shopping

Posted: November 2, 2017

Thanksgiving is coming, and whether you are hosting a meal or coming as a guest, your spendings are going to accumulate faster than you can notice. A holiday feast is a costly matter – each year Americans spend around $50 on a Thanksgiving ... Continue reading
Balance Transfers Within The Same Bank: What You Need To Know

Balance Transfers Within The Same Bank: What You Need To Know

Posted: November 2, 2017

Transferring a credit card balance from a high-APR card to a card with a zero-interest promotional rate is one of the best ways to pay down debt. But many people have questions about how to do it. Specifically, some folks wonder whether ... Continue reading