topic Re: Best Cash Rewards Business Credit Cards in Business Credit

Best Cash Rewards Business Credit Cards

stargazer25 — Fri, 13 Jan 2017 18:10:44 GMT

I've been poking around for a bit, but haven't found a proper answer.

I am looking for a credit card that offers the best cash rewards for somone that would be using it for mostly supplies and wholesale product. About 5K a month. I don't travel, I dont use gas.

I have 680's credit across the board. 2 - 90 day lates from 2 years ago on student loans and 2 paid collections. I have QS with a 4K limit and I just got AMEX BCP and another credit card from my CU.

Advice? I'm guessiing C1 Spark?

Re: Best Cash Rewards Business Credit Cards

Rikkumz — Fri, 13 Jan 2017 23:48:34 GMT

Your best best would be probably be either Amex Simplycash or Chase Ink.

Simplycash gives you 5% back on spending at office supply stores, 5% back on cellphone spending, and a choice of 3% back on a single category of things like advertising, gas, restaurants, airfare, etc.

Ink gives you 5% back on office supply stores, cellphone, internet, and cable TV. Plus you get 2% back at gas and restaurants. You can also combine your cashback points with the ones you earned with a personal Chase card like the Freedom, which is an awesome feature.

Personally, I went with the Ink over Simplycash as they have more 5% categories that include my regular spending habits and I can combine cashback with my Freedom. They are also offering a hefty $300 signup bonus that has been posted in this thread here:

http://ficoforums.myfico.com/t5/Business-Credit/Chase-Ink-Cash-Card-300-Bonus-Now/td-p/4803541

I can't speak to the likelihood of getting approved for either card according to your specfic credit profile. But maybe someone else who knows more about that could chime in.

Re: Best Cash Rewards Business Credit Cards

stargazer25 — Fri, 13 Jan 2017 23:52:59 GMT

I guess I should have specified. Supplies specific to my industy not office supplies.

I only spend on the cell phone bill, everything else I don't have to pay for its included in my office rent.

So best overall cash back without a specifi category.

Re: Best Cash Rewards Business Credit Cards

Rikkumz — Sat, 14 Jan 2017 03:33:59 GMT

@stargazer25 wrote:
I guess I should have specified. Supplies specific to my industy not office supplies.

I only spend on the cell phone bill, everything else I don't have to pay for its included in my office rent.

So best overall cash back without a specifi category.

Oh, OK. What industry are you in? If you state that, then people can let you know what card would maximize the cashback for that category. Even if you don't think your spending fits that category, sometimes the store/business you purchase from may be coded as one of those cashback categories.

If that doesn't fit into a specfic cashback category, then yes the Spark 2% cashback on regular swipes will probably be your best bet.