Travel Rewards for Your Business: Quick Tips for New Credit Card Users
If you are making plenty of trips on business, it makes perfect sense to use a business credit card, so that you can keep tabs on your expense more easily and also so that you can enjoy some travel rewards for your spending power.
Accumulating credit card travel points can be rewarding for your business, as it could allow you to earn enough points to get a free flight, which is a decent reward for using your chosen card.Travel Rewards for Your Business: Quick Tips for New Credit Card UsersClick To Tweet
Applying for a business card
It is worth pointing out that many specific business credit cards are reasonably generous in their interpretation of what constitutes a business owner, which means that even if you are freelance or even part time, your social security number may be enough to confirm you qualify.
It is not always that important to specifically apply for a business card, as some of the rewards schemes available to personal card holders are well worth taking up and you can simply use your card for business spending and then claim the expenses back.
Picking a card
Some business cards, like the the Amex Business Gold Rewards card offers you some decent flexibility on how you choose to earn your points. This means that if you want to earn the 3 points per dollar offered with this card, you can choose whether this is on gas station purchases, computing and software expenses or anything else that you spend money on frequently.
This is the top category and the points fall to 2 points on other categories and 1 point per dollar spent on any other spending. Targeting where you earn the most points for your spending means you should get a good return, and there is also the prospect of a sign-up business if you hit their designate spending target in the first three months.
It often pays to take the time to look at how the points are structured and what you get for your spending, if you are thinking about signing up for a business card.
Look for the positives
There are plenty of credit card companies who are keen to entice you with some opening offers that are designed to persuade you to take their card over a rival offering.
While you shouldn’t always be dazzled by a headline offer doesn’t prove long term value when you look at what their rewards program offers after the initial sign-up offering, there are others that might be giving you something that is too generous to ignore.
A big sign-up bonus is not unusual and it can certainly give your air miles a major boost. Check the criteria for getting the big bonus on offer and then decide if that fits with your spending plans.
You will often find that there is a minimum spend to unlock the bonus, so do check out the terms of the offer before committing to that particular card.
It always feels good to get a free flight or some cash back for your purchases, so if you are thinking of signing up to a new credit card, make sure you check out how your loyalty and spending might be rewarded.
Thomas Baxter is a business man who travels frequently to Asia and Europe. He is a frugal man and often shares his knowledge of saving money in his articles.