Hello guys,
I’m looking for the best credit card for our business, specifically one with great cashback rewards.
We generate a good amount of revenue but operate on a slim margin (8–10%). A credit card offering 2-3% cashback would be ideal for us. We typically pay our vendors and suppliers with a credit card, so a cashback card would be very beneficial. To give you an idea, 50% of our payments to vendors and suppliers are over $5,000 in a single transaction.
Here are the cards I’m currently considering:
- Chase Ink Business PremierSM Credit Card: $1,000 bonus, 2% unlimited cashback, and 2.5% cashback for purchases over $5,000.
- Fidelity® Rewards Visa Signature: 2% unlimited cashback.
- Spark 2% Cash Plus: 2% unlimited cashback, $3,000 cash bonus.
I’m leaning towards the Chase Ink Business Premier because it offers 2.5% cashback on purchases over $5,000, which is ideal since we frequently make large purchases. It’s also a pay-in-full card, which suits our needs.
I’m not too concerned about an annual fee. The most important factor is having a high credit limit. We have substantial revenue and need a credit card that won’t limit us, offering rates in line with our revenue.
I would love to hear your thoughts and any expertise you can share!
Thank you in advance, and have a wonderful week!