As an entrepreneur, you need to engage in business solutions that have numerous benefits. One of the solutions for your business is to ensure that you have cash flow at all times. For many, getting a business credit card is often the best solution. Since credit card lenders want to attract as many entrepreneurs as possible, they offer a plethora of enticing benefits incorporated into the cards.
Have you heard about the credit cards that offer cashback benefits for businesses? Well, if you are looking for a business credit card to try, look for one that will give you some cashback benefits either at the beginning of after some time. For those who do not know where to start in making this decision, we have the right insights for you. Continue reading this article to become informed.
These cards give some percentage of the money charged to the credit card back to the entrepreneur. The offers vary depending on the lender. Some focus on the amount spent over a certain minimum. Others provide the money within a certain period. However, all will give the business some money back.
The good thing about these credit cards is that the business owner can invest this money back into the business. Actually, it is highly recommended for small businesses that are trying to save every coin for the growth of the business.
The year 2020 looks promising already. And this content can confirm that businesses are ready to reap some cashback benefits with credit cards. Here are some of the best you can try for your new or well-established business.
· Capital One Spark Cash – back in 2019, this was one of the most preferred options by many ventures. This year, the card is likely to be a hit as well. Among the numerous benefits, entrepreneurs get a 2% cashback reward on all expenses without a limit. Further, you should expect a $2,000 bonus when you register.
· Chase Ink Business Cash – it closely competes with the first lender and equally offers numerous cashback benefits. The main one is a 1.5% cashback bonus on all purchases that your business makes. Additionally, there is no annual fee, and the business receives a $500 bonus upon enrolling for the credit card.
· American Express Blue Business Cash – the list of the best credit cards for business with cashback rewards is not complete without discussing this one. What makes it one of the best is the 2% cashback on expenses up to a maximum of $50,000 and then 1% cashback on any expenses beyond this amount per annum. On top of this, subscribers do not pay an annual fee.
From these three popular business credit cards, you can definitely choose one that suits your business needs in the best way. It is a prudent idea to speak to an agent about all the benefits and most importantly the terms. Your business is ready to join others that are already enjoying these benefits.