[ad_1]
To determine which business cards offer the best deals, CNBC Make It has compiled a list of 20 professional credit cards. We checked each card according to its reward offers, annual interest rate, bonuses, recommended credit score, balance transfer fee, overseas transaction fees, redemption rate, call options, transfer, customer reviews and additional benefits.
The main criterion of our ranking was to know how much each card would bring you in rewards useful to the companies. To understand this, we compared reward structures baduming that a business owner would spend the same amount in each category – for example, he would spend as much on advertising as on shipping.
Based on this badysis, we found that Chase Ink Business Preferred would save the average business owner the most, which largely explains why it became our first choice. In simple terms, it has the widest range of high-income categories.
It offers 3 points per dollar spent on travel, navigation, advertising and Internet, telephone and cable services. The travel category includes expenses for flights, hotels, car rentals and even taxis. And when you redeem your points for travel, rather than money, they are worth 25% more. In fact, this means that if points are redeemed for maximum value, each of these categories is rewarded with 3.75 points per dollar.
Expenditure categories do not have the same value: business owners will use more than others. If you spend a lot of money in office supply stores, SimplyCash Plus may be a better choice than the Ink Business Preferred because it rewards office supplies with a 5% refund, while the Ink Business Preferred only rewards expenses for office supplies. 1 point.
This is why we have also balanced the reward structures with other factors, such as bonuses, annual fees and benefits. And we have considered limiting rewards, as many business owners spend hundreds of thousands of dollars each year.
To get the highest return, you should find a card that rewards the way you spend money for your business.
Co-branded business cards are not included in our final list due to their often complex reward systems and the ability to limit your travel options to a specific brand. But these cards are certainly worth considering for business travelers loyal to the brand.
Do not miss: Credit cards with the best sign up bonuses
Do you like this story? Subscribe to CNBC Make It on YouTube!
Source link
