The banks that issue credit cards don’t just earn money from interest payments. They also earn substantial revenue from processing transactions. It is to a bank’s benefit, therefore, to process the largest transactions possible — so banks do everything they can to attract business customers. If you’re a business owner, banks want you — and that’s great news. Grab one of these great business rewards credit cards and get something back for your next major business purchase.
Club Carlson Business Rewards Credit Card
Unlike most unsecured business credit cards, the Club Carlson Business Rewards credit card carries an annual membership fee. If you frequently stay in hotels, though, you’ll probably find the cost very worthwhile. You’ll receive 50,000 rewards points automatically upon becoming a cardholder. Club Carlson will also give you an additional 35,000 bonus points if you spend at least $2,500 on the card in your first 90 days of membership. Every 9,500 points are roughly equivalent to a free night in a Carlson Rezidor hotel. You’ll receive an additional 40,000 bonus points each year on your card’s renewal date along with rewards points each time you stay in a hotel.
Staples Business Credit Card
Do you spend a large amount of money on office supplies? If you do, the Staples Business credit card might be for you. While the card is only accepted at Staples, the rewards that you get for using it are substantial. As a cardholder, you’ll receive an automatic discount of $50 on your first qualifying purchase over $150 within 45 days of opening the account. You’ll also receive 5 percent cash back on every qualifying purchase from Staples.
Chase Ink Plus Business Credit Card
The Chase Ink Plus Business credit card carries a relatively steep yearly membership fee. The rewards program is extensive, though — so you’ll need to calculate whether you’ll spend enough to make the yearly fee worthwhile. The tiered rewards system gives you one point for every dollar spent on any purchase, double points for gas and hotel purchases and quintuple points for office supplies and communications services. You can redeem your points for cash back, but you’ll get even more for the points if you use them for airfare, rental cars or hotel stays.
American Express Blue for Business Card
The American Express Blue for Business credit card has an attractively low APR and no yearly membership fee. Though the cost of card membership is very low, the rewards program is quite generous. You’ll receive an extra 30,000 points just for making your first purchase with the card. After that, you’ll receive one point for every dollar spent and double points for booking travel through the American Express Travel website. At the end of the year, you’ll also receive a 30 percent bonus based on the points you accrued during the year.
Capital One Spark Miles Select for Business
The Spark Miles Select for Business card is a great choice for you if you spend a great deal of time traveling. You’ll receive 20,000 bonus miles simply for spending $3,000 with the card within three months of becoming a member. After that, Capital One will credit you with 1.5 bonus miles for every dollar spent on the card. Every 10,000 miles are roughly equivalent to $100 in air fares.