4 Ways Business Credit Card Rewards Can Help Grow Your Business

4 Ways Business Credit Card Rewards Can Help Grow Your Business

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Business credit cards are one of most popular forms of business financing currently available. They’re easy to use, (sometimes) easier to qualify for, and are a great way to establish and build business credit (check your score for free with Nav.) Chances are, if you have a business credit card, that you receive a variety of rewards for using it. These rewards can be quite lucrative if you use your card correctly, and could even help your business. Here are some common business credit card rewards and how they can help grow your business.

1. Cash Back

One of the most common business credit card rewards is cash back. Certain cards may offer a welcome offer that promises cash back after you spend a certain amount of money within six months or a year of opening the card. The benefits of this are pretty plain and simple; getting cash back simply for spending money can go back to your bottom line and help you get over the humps that so often show up for small business owners.

For example, the SimplyCash® Plus Business Credit Card from American Express offers 5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores. 3% on the category of your choice from a list of eight and 1% cash back on other purchases. 5% and 3% apply to the first $50,000 in purchases per calendar year, then 1% thereafter. Cash back received is automatically credited to your statement. That means your business earns cash simply for spending on the things you already need.

SimplyCash® Plus Business Credit Card from American Express
American Express is a Nav Partner
Terms, Rates & Fees

SimplyCash® Plus Business Credit Card from American Express

Special offer: save on interest with a 0% intro APR on purchases for 15 months; after that Learn More

2. Airline Miles and Hotel Points

Perhaps one of the more sought-after credit card perks, airline miles can literally get your business off the ground. Sky miles can allow you to spend slow periods for your business traveling to see far-away clients, going to conventions or conferences to network and build your client base, or can help you offer incentives to your employees for excellent performance.

The Capital One® Spark® Miles Select for Business Card has a great welcome offer to help you earn extra miles. You can earn 20000 Miles once you spend $3,000 on purchases within 3 months from account opening. After that, you earn 1.5 Miles per $1 on every purchase, every day.

Capital One® Spark® Miles Select for Business

Earn 1.5 miles per $1 on every purchase, every day. Plus, a one-time bonus of 20,000 miles once Learn More

Hotel points can also work as a perk for employees or help you travel and build your business. One example is the coveted Starwood Preferred Guest® Business Credit Card from American ExpressEarn 75,000 bonus points after you use your new Card to make $3,000 in purchases within the first 3 months of Card Membership.Earn 6 points for each dollar of eligible purchases at over 6,700 participating SPG® and Marriott Rewards® hotels across 29 brands. Earn 4 points at U.S. restaurants, U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers, and on U.S. purchases for shipping. Earn 2 points for all other eligible purchases.

Starwood Preferred Guest® Business Credit Card from American Express
American Express is a Nav Partner
Terms, Rates & Fees

Starwood Preferred Guest® Business Credit Card from American Express

Earn 75,000 bonus points after you use your new Card to make $3,000 in purchases within the Learn More

3. Business Services

Some cards come with permanent or limited-time offers to download important and helpful business software. Many offer connectability to accounting software like Quickbooks, which can streamline your financial reporting and taxes when the time comes.

4. Customizable Rewards Categories

The amount of cash back or rewards points you receive can and often is contingent upon the rewards categories approved by your card. There are some cards that will give cash back on all purchases, but chances are that the card in front of you has specific categories. Fortunately, there are some that allow you to pick your rewards categories or automatically choose them for you based on your spending patterns. This can allow you to optimize your earning potential by choosing the categories you spend the most in.

By choosing the categories you frequently spend in and the categories most related to the course of your business, you can be rewarded and, in essence, reimbursed by your card for simply going about your business. The new American Express® Business Gold Card is one such card that automatically chooses your top two rewards categories each month.

American Express® Business Gold Card
American Express is a Nav Partner
Terms, Rates & Fees

American Express® Business Gold Card

MORE REWARDS: Get 4X Membership Rewards® points on the 2 select categories where your business spent Learn More

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About the Author — Connor Wilson is a writer at Nav, a free site giving business owners access to their business and personal credit scores, and tools that match them to the best financing and services.

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