5 popular business credit cards with cashback offers
Getting a cashback is one of the most direct rewards that you will get out of your credit card. A cashback, as the name suggests, is a reward given to buyers of a particular product in the form of cash. Cashback credit cards are like discount coupons that can be applied to everything.
If you are a business owner, you should own a credit card. If not more, at least one. Expenses can be charged to credit cards instead of being paid by checks or invoices because they may prove to be more profitable and efficient for the business in the long run.
Usually, vendors are willing to deal with a card that does not have an additional fee. Thanks to this, you can rack up rewards. Separate business credit cards with cashback also help to keep these expenses differentiated from your personal ones. This comes in handy in instances where, say, you have converted your hobby into a business. While spending for something as a hobby might have been fun and fulfilling, once you convert it into a business, taxes come into question, in which case, you are better off with separate accounts.
If you own a business, there are several business credit cards with cashback offers that you can take note of in order to earn more rewards.
Here are a few of them:
- Capital One Spark Cash for Business: This is one of the business credit cards with cashback; it has an unlimited 2% cashback offer. This potentially means several thousand dollars going back into your business every year. This card also has a $500 cash bonus which is a one-time incentive. You get this if you spend $4,500 purchasing stuff within the first three months of opening an account. You can use this card across your various business needs because the cashback offer is not limited to any particular category. It does not have an annual fee for the first year after which you will have to pay $59 every year. You are free to get your cash back at any time of the year on any amount purchased. In addition to all of these, you can get your employees this card and get rewards when they use the card for business purchases too. These features make Capital One Spark Cash for Business one of the best business cards with cashback offer available in the market.
- Capital One Spark Cash Select for Business: This is one of the most popular business credit cards with cashback. This card has an offer of 1.5% unlimited cashback on purchases. This, obviously, means thousands of dollars returning to your business every year. With this card, you have a $200 one-time bonus which you get if you buy for $3000 and above within three months of an opening an account. You can also save on interest with this card because the APR is 0% for the first nine months after which it has a variable from 13.99% to 21.99%. It does not have an annual fee. You can use it for every single business purchase you have because the cashback offer is unlimited. Rewards will not expire so you are free to get your cash back at any time of the year for any amount purchased. There are no minimum requirements if you want to avail your cashback offer. You can redeem your money on your terms.
- SimplyCash Plus Business Credit Card: This card offers you a 5% cashback on purchases of office supplies and business-related communications. There are customized categories allotted for the card. Purchases made in these have a 3% cashback offer. For the first nine months, you can save on interest rates because APR is 0%. There is no annual fee. It, however, does not offer a signup bonus. Either way, the cashback offers are good enough an incentive to customize this card for your business needs. An added incentive with this credit card is that it does not charge you over-limit fees. You have a cashback offer even on those purchases that are over the limit.
- Ink Business Cash: This is one of the business credit cards with cashback in which you get a 5% cashback offer on all purchases relating to supply and communications with regard to your business. You get a 2% cashback offer when you use it at gas stations and restaurants. So, if one of your biggest business expenses involves car trips, this may be the card for you. If you spend $3,000 in the first three months, you get a bonus of $300. As long as your account is active, your cashback rewards will not expire. You also have no annual fee on this one.
- Cash Rewards for Business: This is one of the business credit cards with cashback that has no annual fee and offers a cashback of 3% on purchases of office supply and gas. If you spend $500 in the first two months of opening an account, you get a statement credit of $200. This is considered to have the lowest spending requirements in the market. Once you open your account, you can save on interest for the first nine months because the APR is 0%.
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