How to Use Business Credit Cards to Maximize Rewards on Company Purchases

Business credit cards are a type of niche credit card which is offered to the owners of small or large businesses. They are often used by small business owners as a way to manage their finances and keep track of purchases. When business times are slow, low interest features of the credit card is going to be more important than rewards. But for business owners who want to use their credit cards to gain rewards, there are ways to get the most out of your card benefits.

Choose Your Flavor

Just like regular rewards cards, business reward credit cards have a number of different options. There are business credit cards which give you benefits like cash back, travel & airline rewards, and points that can be used for a variety of goods and services. Each type of reward card is best used under specific circumstances; for example, if your business takes you travelling, you should go for a card which gives you travel rewards. If on the other hand you find yourself buying a lot of office supplies and you want more money in your pocket, then a cash back credit card makes more sense.

Unlike personal credit cards, business credit cards have some very different characteristics. First, business credit cards have a much higher credit limit: they are designed with the idea that people will need to make some large purchases (or bulk purchases) regularly. Business credit cards also offer corporate friendly accounting (you can better keep track of your expenses for your taxes) and you can more easily issue credit cards to employees who can then help you get rewards faster. The other big difference is that most business cards aren’t covered by the CARD Act provisions which protect people against things like double-billing and applying payments to lower interest rate balances first without your consent or knowledge. Although a few credit companies have extended CARD protections to their business line, it’s not common.

How To Maximize Rewards With Your Business Credit Card

First, understand exactly what your rewards are and how you get them. Some cards give the maximum rewards in rotating categories and you have to know what they and when they come into play. For example, getting 5% cash back on items like office supplies and/or telecommunication is fairly common. They may also give more cash back for things like gas, hotel stays and restaurants. Aside from making sure these things are purchased regularly, you also have to make sure that you understand any caps. Make sure you ride that line as close as possible to extract the maximum rewards from the least amount of work.

Other cards use a points system where you can get sign-up bonus points for spending X amount of money in Y time, so make sure you fall into the correct parameters so that you can get your bonuses. Of course, if you don’t think you can spend that much or pay back that much, you probably shouldn’t bother with those sorts of cards anyway as the sign up bonus won’t do you much good.

Finally, hand your business cards out to some employees and get them to use it as well for company purchases. Not only will this give your employees an extra bit of power which will make them feel important, but it also lets you rack up the rewards faster which can then be reinvested back into your company.

Cash Back is King

If you’re completely stumped as to what kind of business rewards credit card to get, I’d suggest a good cash back credit card. Cash is always the most versatile reward and you can usually get some pretty generous offers for using your card to buy goods and services you would be purchasing anyway.

Make sure you stay on top of your credit card balance and pay it down as often as possible. There’s not much point in getting rewarded for things if you owe tens of thousands of dollars on your credit card and paying more in interest that you get for rewards! Running a business means holding everything in balance and under control and that includes your credit card spending. So long as you are smart with your business credit card, you can get the most rewards possible, boost your business and have an additional source of funds to help you succeed.


Darryl Van Dyke has over 20 years experience in the finance industry. He is currently the senior editor & contributor at