Owning a small business is all about maximizing revenue while minimizing expenses. Having a good small business card helps you organize your company’s finances, but it can also help you to reduce your expenses by earning valuable rewards from your spending. In addition, some credit cards offer you multiple ways to perform some credit card reward stacking which some people refer to as double dipping.
Here are four business cards that allow you to double-dip on rewards:
This card offers you several different ways to earn rewards and take advantage of savings opportunities. First, new applicants can earn a $500 cash bonus after spending $4,500 on new purchases within three months of account opening. This card also offers an outstanding 2% cash back on all charges with no limits.
To double dip, use the Visa SavingsEdge program which offers discounts at many large retailers including Chevron, Texaco, National car rental and Wyndham hotels. Business benefits include quarterly and year-end summaries as well as downloadable purchase records compatible with Quicken®, QuickBooksTM and Excel®.
There is an annual fee of, and like all Capital One cards, there are no foreign transaction fees.
This card offers many different ways for business owners to save money and enjoy their rewards. New applicantsThey also — including travel, shipping purchases, Internet, cable and advertising — on the first $150,000 spent each year, and unlimited one point per dollar earned elsewhere.
Points are awarded in Chase’s Ultimate Rewards program and they can be redeemed for about one cent each towards cash back, merchandise and gift cards. Alternatively, points are worth 1.25 cents each towards travel reservations made at Chase’s Ultimate Rewards. Better yet, you can transfer your points to miles with seven different airlines and rewards four different hotel programs.
When you use your miles for expensive last-minute flights or reservations business or first class, it’s possible to receive several cents in value per point used. This card is part of the Visa payment network, so you can utilize all of the savings available from the Visa SavingsEdge program.
Business owners have access to the Ink app that allows them to download receipts and create reports based on their purchases and tags. There is aannual fee for this card, and no foreign transaction fees.
This card offers amazing rates of cash back on your frequent business purchases, and you can double dip by saving money with its OPEN Savings program. You earn 5% cash back at U.S. office supply stores and on wireless telephone services. You also earn 3% cash back on the category of your choice of one of eight categories including airfare, gas stations, restaurants, advertising and shipping, along with 1% cash back on other purchases. The 3% and 5% cash back apply to the first $50,000 in purchases per year—after you spend $50,000, you’ll earn 1% thereafter. In addition, you can use the American Express OPEN Savings program to save 5% when making purchases from FedEx, Hertz, HP and 1-800Flowers.com. (Editor’s Note: American Express is a Nav partner, but this doesn’t result in preferential editorial treatment.)
Business benefits include the ReceiptMatch program that allows you to add receipts, tags and notes to your transactions either via desktop or your mobile device. There is aannual fee for this card. One of the most compelling features of the is the introductory interest rate, which is .
CitiBusiness® / AAdvantage® Platinum Select® World MasterCard®
This business credit card offers you the chance to earn both miles with American Airlines and savings with the MasterCard EasySavings program. New applicants earn 30,000 American Airlines AAdvantage® bonus miles after spending $1,000 in purchases within the first 3 months of account opening. Cardholders also earn one mile per dollar spent, and double miles on all American Airlines purchases. Travel benefits include priority boarding, a free checked bag, and a chance to earn a companion certificate when you spend $30,000 on your card each year.
In addition, you can use the MasterCard EasySavings program to automatically receive discounts on many of your major purchases. For example, travelers can save 5% with Avis, Budget, and 5% at over 6,000 participating hotels.
Business benefits include quarterly and annual account summaries that can be broken down by employees, spending category and amount.There’s a $95 annual fee for this card that’s waived the first year, and no foreign transaction fees.
Nav offers an easy way to view your approval odds on business credit cards before you apply. This is accomplished using MatchFactor technology, which matches a business owner’s credit and financial data to the lender’s underwriting requirements to generate a “likelihood of approval score.” Sign up for a FREE Nav account to learn more about MatchFactor and to access your personal and business credit scores.
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