2019-08-31 15:15:55



If your horseback riding lessons business plans on using online advertising to help bring in new clients, an advertisement purchase rewards card could get you cash back every time you purchase advertising space online. This type of business credit card offers a higher rate of cash back for online advertisement purchases. So, the more that you spend on advertisements each year, the more cash back rewards you’ll earn.

Many of these cards also offer lower rates of cash back for other types of business purchases. Depending on your business needs, you may be able to maximize your annual rewards by using your advertisement purchase credit card to complete the rest of your business transactions with a standard rate of cash back.

#1 Advertisement Purchasing Reward Small Business Credit Card

AMERICAN EXPRESS SIMPLYCASH PLUS BUSINESS

Ideal for: Businesses that are looking to customize their rewards programs and that don’t travel overseas often.

You can earn 3% cash back on advertising purchases, but you have some work to do first. Within two months of getting approved for this card, you need to choose this specific bonus category. (You can change categories once every year.) Then you need to keep track of your purchases, because the 3% cash back level is capped at $50,000 of purchases per year.

You must make “U.S. purchases for advertising in select media,” which includes Google, Facebook, Yahoo, NBC National Broadcasting, and CBS Radio.

After you spend your first $50,000 in a calendar year, the 5% and 3% categories drop to 1%. That includes non-bonus category purchases. You also get 1% cash back on all other purchases.

REWARDS AND BENEFITS (TERMS APPLY)

  • 0% intro APR on purchases for 9 months
  • 5% cash back on office supplies and telephone services for $50,000 of purchases per year, then 1%
  • 3% cash back for $50,000 of purchases per year (then 1%) on the category of your choice, including hotel rooms, airfare, restaurants, shipping, etc.
  • 1% cash back on all other purchases
  • Spend Manager: Helps manage your expenses by allowing you to add receipts and notes to your transactions through your desktop or mobile device
  • Employee cards: Get up to 99 for free
  • Connect to QuickBooks: Label and transfer transaction data into a QuickBooks account
  • Car rental damage insurance and roadside assistance hotline
  • Baggage insurance plan and travel accident insurance

  • No annual fee
  • No balance transfer fee
  • No cash advance fee
  • 2.7% foreign transaction fee


A traditional cash back rewards card offers a flat rate of cash back for every business purchase you make. You can use your card to purchase riding equipment, horse feed supplies, fuel, and even utilities for your stables. The more that you use your cash back card each month, the more cash rewards you’ll earn.

Most traditional cash back cards offer 2% cash back on business purchases. So, if you were to spend $100,000 on the card in a year, you would get $2,000 back. Rewards payouts for these credit cards are usually only offered annually, but some lenders give cardholders the option to cash out their rewards monthly instead.

#1 Cash Back Reward Small Business Credit Card

CAPITAL ONE SPARK BUSINESS

Ideal for: Business owners who want the highest rewards for the least amount of effort, and who don’t mind an annual fee.

Talk about straightforward: You earn 2% cash back on all purchases—and without any spending caps. There’s also a nice early spend bonus that eclipses the $95 annual fee that kicks in the second year.

REWARDS AND BENEFITS (TERMS APPLY)

  • Early-spend bonus of $500 after you spend $4,500 within three months of opening an account
  • 2% cash back on all purchases
  • Free employee cards
  • Quarterly and annual spending reports

  • Waived annual fee for the first year, then $95.
  • No balance transfer fee.
  • No foreign transaction fee.
  • 3% or $10 cash advance fee (whichever is greater per transaction).


A 0% introductory APR credit card makes it possible to finance big-ticket purchases that can help to quickly grow your business and increase revenue. You can use a credit card with a 0% APR introductory rate to buy new horseback riding training equipment to attract new customers. Then, after your revenue has increased, you can pay the card balance off before the intro period ends and interest starts to accrue.

Most 0% APR credit cards have an introductory period of 12 months. However, the interest-free introductory period can vary from lender to lender. Make sure you pay close attention to your card terms so that you can pay the card off in time and avoid paying interest fees.

#1 Business Financing Reward Small Business Credit Card

AMERICAN EXPRESS BLUE BUSINESS PLUS

Ideal for: New business owners, and those with irregular cash flow, who don’t travel overseas.

This card’s 0% intro APR offer lasts 12 months, one of the longest on this list. That makes it an ideal card for brand-new businesses and those whose cash flow is temporarily unpredictable.

What is predictable: If you use this card overseas, you’ll pay an extra 2.7% foreign transaction fee, which is a surcharge if your purchase passes through a foreign bank. Unlike, say, annual fees that are often offset with upgraded rewards and benefits, you get nothing but the fee for your trouble. If you travel out of the country for business, this isn’t the card you should use.

REWARDS AND BENEFITS (TERMS APPLY)

  • 0% intro APR for 12 months
  • 2x points per dollar spent on the first $50,000 of every calendar year
  • 2x points on business purchases like office supplies and client dinners
  • 1x point per dollar spent after that
  • Spend Manager: American Express mobile app. Helps add receipts and notes to transactions
  • Get up to 99 employee cards for free
  • Spend beyond your credit limit
  • Exclusive access to ticket pre-sales and cardmember-only events in your city
  • Complimentary ShopRunner membership: Provides two-day shipping at participating retailers
  • American Express personal loans: Apply for a pre-approved loan of $3,500 to $25,000
  • Access to Quickbooks to label and transfer your transaction data from American Express

  • No annual fee
  • No cash advance fee
  • 3% or $5 balance transfer fee (whichever is greater per transaction)
  • 2.7% foreign transaction fee


Most businesses start with one card that fits their largest need and transfer most or all of their expenses to that card. Once you get to a certain size, however, it may make sense to have different cards with specific rewards programs catering to the different types of expenses you have. Most larger businesses use multiple cards to optimize for rewards.

Remember, you aren’t limited to just one credit card, just be careful not to overextend yourself for unnecessary purposes.

 

Unless your business has a positive credit history of its own, your eligibility will be based on your personal credit rating. If you have a new or existing business that has never had a credit card or loan before, it’s likely that your business has no credit history.

Since your personal credit will be measured when you apply for a business credit card, it’s wise to have a good idea of what your credit score is.

If you don’t know your credit score, check out our article: How To Find Your Credit Score.

Once you have your score you can make a decision on which card to apply for. If you have good, great, or excellent credit, then go for one of the cards at the top of this article! If your credit isn’t quite there yet, check out our article: What Business Credit Card Can I Get With My Credit Score?

The great thing about credit scores is that they can be improved over time! We have a great article on the Best Business Credit Cards To Build Credit.

A rejected credit application can have a negative effect on your credit score, so act with responsibility and make careful decisions when deciding to apply.

 

Qualifying for a Small Business Credit Card

It’s important to note that if your business doesn’t have any credit history of its own, your eligibility for these cards will be based on your personal credit score.

The card above are eligible for people with a good to excellent credit rating, generally a score of 660 or higher.

If you don’t know what your credit score is, visit our article on how to find your credit score.

If you do know your credit score, but it’s not quite high enough for these cards yet, check out our article on the best small business credit cards for building credit.

A rejected credit application can have a negative effect on your credit score, so act with responsibility and make careful decisions when deciding to apply.

 

There are many reasons why a company would want to have a business credit card. Depending on the type of business you operate, the strategies you employ may be different than one another, but we will describe the basic benefits of small business credit cards.

Separates Personal And Business Expenses

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Recommended: Get $200 when you open a business checking account with Chase. Learn more.

Smooths Inconsistent Cash Flow

Some businesses, such as those with long sales cycles, can often go a few months without revenue, then see a large spike when a sale is finalized.

While it’s exciting to see large numbers come in all at once, it can be stressful in the meantime to pay bills, salaries, and other expenses with little to no income.

Credit cards offer business owners the ability to spend money that they haven’t made yet, capitalizing on future sales right now.

While you absolutely need to be careful about spending money you don’t have, this is a method that businesses can use to keep the doors open between sales cycles.


There are two main types of business credit card rewards: cash back and travel rewards.

Cash Back Rewards

There are multiple ways a small business can get the most out of cash back rewards programs.

For each dollar that your small business spends with these credit cards, you can get some money back. Some cards even have higher rates for specific purchases.

For example, businesses that do a lot of road travel can maximize their driving costs with a card that offers cash back on gas purchases.

Other businesses may require a lot of office supplies and can find a cash back or points program that rewards them for these costs or others like telecommunications, advertising, shipping, and more.

Finally, most cash back cards offer a flat percentage rate back on general purchases.

Travel Rewards

On the other hand, businesses that fly to visit conferences, do on-site visits with clients, or any other activities that usually involve airline trips or hotel stays can benefit from general or brand-specific travel rewards.

These usually come in the form of points or mileage rewards, where for every dollar you spend, miles you fly, nights you stay, or any other qualifying action you take, you’ll get rewarded. These build up and can be spent on upgrades, free nights and flights, and more.

Finally, there are typically premium versions of these cards that cost more in terms of annual fees but have more luxurious rewards such as access to airport lounges, events, and activities most people wouldn’t have access to.



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