What Cash Back Card Fits You?

Does your small business save thousands a year? If not, then you have the wrong cash back card in your pocket. Now that you know there’s greater potential for saving, it’s time to figure out what card fits you.

When it comes to choosing a credit card that’s right for your business there are many things that should come to mind. What benefits are you looking for? Where does the majority of your expenses lie? What will you spend your reward money on? Then you have to think of the statistical facts. How will this card affect your processing fees?

So what’s the answer to all of these questions? You can find out by comparing all the cash back cards offered for your business. I’m here with USB Payment Processing to do just that.

Let’s start of with the current #1 cash back card, according to Creditcards.com. The Bank Americard Cash Rewards card is said to be the best of the best. The real question is why? Here’s the thing, your business receives a $100 cash rewards bonus after you spend $500 on purchases in the first 90 days of opening your account. As for the rest of your purchases, you can save 1% cash back on purchases anywhere, any time. For your more specific desires, you can save 3% on gas and with gas prices these days, who wouldn’t want that? When looking more closely at the business side of things, you get a 10% customer bonus when you redeem cash back into a Bank of America checking or savings account. Best part is that there is no annual fee and your rewards never expire. Meaning that you can save up your rewards for as long as you please and then use them all at once.

Next on the list is American Express’ Blue Cash Preferred card. With this card there is a similar bonus, however, you earn 150 Reward Dollars after you make $1,000 in purchases in the first three months of Card Membership. With this American Express card your business can earn 1% cash back with any purchase. Terms and limitations apply. All cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. There is no enrollment required with the Blue Cash Preferred card, along with no rotating reward categories.

The Chase Freedom card is for businesses with an excellent credit history. Your history must be clear of bankruptcy, seriously delinquent accounts, among other things. Your business can earn $100 Bonus Cash back after you make $500 in purchase in your first three months. Receive 0% intro APR for 15 months on purchases and balance transfers with Chase Freedom. From July 1 to September 30, 2013 you will receive 5% Cash Back on up to $1,500. You and your business can enjoy 5% back every 3 months using gas stations, restaurants and even Amazon.com. Like, the Bank of America card, you receive no annual fee and your rewards never expire. Finally, much like the other cards listed your business will receive an unlimited 1% Cash Back on all other purchases.

Citi Dividend Platinum card has many of the same benefits as the others. With Citi your business can earn $100 cash back after $500 in purchases in the first three months after you open your account. For the first 12 months, you will receive 0% intro APR, then after that it will be 12.99%-22.99% variable based on your creditworthiness. You can earn 5% cash back on eligible hotels, car rental agencies and theme parks from July 1 through September 30, 2013, upon enrollment. On all other purchases your business can receive 1% cash back.

Last but not least, we have Discover It. No annual fee. No over limit fee. No foreign transaction fee. No first payment late fee. To match all the others, they offer a generous 5% cash back on up to $1,500 in purchases from July to September. But unlike all the others, Discover offers you a “Cashback Concierge” to call at anytime for your convenience. By calling your concierge you can have a one on one online tour that will help you get the most out of your rewards received. Discover takes pride in their customer service. With Discover It your business is never responsible for unauthorized charges with their $0 Fraud Liability Guarantee. Another plus is that with Discover, you receive 0% Intro APR not for just 12, but 18 months.

When choosing a cash back card, these are all things to think about when it comes to the best card for your business. Of course, you want to save the most money possible and one of these cards can do just that. To learn more about the cards mentioned feel free to look each up on their personal site to see Terms and Agreements.

For more information feel free to contact USB Payment Processing at 410.828.4286.

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