As a small business owner one of the most important ways you will fund your business is through the use of credit cards. If you have employees, though, this can be particularly complicated unless you use cards dedicated specifically to this purpose.
Taking advantage of the myriad rewards a specialty credit card can offer your small, independent business is an important tool for success. However, if you have several employees you might also want to consider one of many credit cards that can provide them with a good deal of benefits too. This will make it easier for them to do their job and easier for you to earn the rewards you need to continue progressing your business.
For example, the Starwood Preferred Guest Business American Express credit card provides a lot of flexibility for business travellers. This card earns points within the Starwood travel network, that’s more than 1,000 hotels and 350 airlines around the world, without any blackout dates. This card will also give you at least 3 percent and up to 10 percent in discounts on business expenses from affiliate partners like Hertz, OfficeMax, FedEx and others within the American Express OPEN Savings network.
If you qualify, you could also earn a sign-up bonus of 30,000 points (enough for six week weeknights at most Sheraton and Aloft hotels. You will also get an additional 5,000 points when you transfer 20,000 points from another card. Finally, you’ll enjoy every fifth night free when you book your rooms with this card, as well as elite status in the loyalty program, all for the extremely reasonable annual fee (which is waived for the first year).
Another potential employee card you may want to look at is the Chase Ink Plus credit card. This card, which Chase has re-launched in order to reveal their new rewards program, is dedicated to providing small business owners the ability to quickly earn points on business travel purchases. With this card, you will earn up to five points on the dollar, up to $50,000, when you use the card at office supply stores, communication services, and cable television.
You will get two points on the dollar (on the first $50,000) towards gas station and hotel reservations and a single point on all other purchases. These points never expire and many bonuses and discounts are available when you use the points towards airfare, hotels, car rentals, and cruises through the Chase Ultimate Rewards programs. Other benefits include free employee cards (of course)-which increase the rate of bonus earnings-and access to at least 350 airport lounges across the globe, which is great considering this card does not charge a foreign transaction fee.
The Citi Business ThankYou credit card is another financial tool that could be good earning unlimited points on business purchases at a very low cost. With no annual fee and up to 15,000 bonus points just for signing up, this card could easily be the choice of your company. Keep in mind, though, that the bonus categories revolve, which means you will earn the maximum point on travel during the summer months (July through September) with other categories maxing out during different periods throughout the year.
Finally, the Capital One Spark miles credit card (once known as their Venture Rewards Business card) provides you with two “No Hassle” rewards miles on every single purchase. These miles can then be redeemed for, of course, airfare, but also on everything from statement credit, gas, lodging, and dining expenses—perfect for traveling employees. You will quickly earn a 10,000 point bonus after your first $1,000 in purchases and you get all of this for a reasonable annual fee, which is waived for the first year.
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