Best Cashback Credit Cards for Business 2021
Entrepreneurs and small business owners have distinct credit requirements and purchasing behavior; thus, business credit cards are intended for them. Cashback credit cards do precisely what their name implies. They refund a portion of your expenditures as a statement credit or as cash in your bank account.
Different cards let your earn cashback on different types of purchases. So, the best card for you should be designed to suit your spending habits. For instance, if you spend thousands of dollars on traveling in a year, a credit card that offers a high percentage of cashback on travel would be a perfect choice. Cashback credit cards can be quite beneficial since they can give you hundreds of dollars in cash back each year. However, you must choose one that is appropriate for your spending habits.
A list of the best cashback credit cards in Canada:
Ink Business Unlimited Credit Card
Once you sign up for Ink Business Unlimited, you are offered a $750 cash back if you spend $7,500 in the first three months after creating your account, with unlimited 1.5 percent cash back on all business purchases. The card also comes with a 0% introductory APR for the first 12 months, which might help cut down some charges from the interest when you make a new purchase.
Earning 1.5 percent for each dollar spent is a winning proposal for business owners who wish to earn simple rewards without the inconvenience of a yearly fee. The drawback is spending a significant amount to receive the signup bonus. Moreover, there are no certain travel protections.
Ink Business Cash Credit Card
This is the best cashback credit card for small business owners, and it has no annual fee. Also, the Ink Business Cash® Credit Card is worth considering if your company spends a lot of money on office supplies, restaurants, gas, and telecommunication. The card offers a variety of attractive earning opportunities with high reward caps. You don’t have to worry about spending enough to cover the annual fee because there isn’t one.
The Ink Business Cash Credit Card offers a 5% cashback on office supplies and a 2% cashback on restaurants and gas stations together. It also offers a 1% cashback on any other purchases for the first 25000$ spent on every account anniversary year. Also, you’ll get a 750$ cashback if you make purchases worth 7500$ within the first three months after opening the account. Its only downside is that the limited number of spending categories are eligible for bonus cashback.
American Express Blue Business Cash Card
The American Express Blue Business Cash Card is the right one for Entrepreneurs looking for a hassle-free cashback card. It also has no annual fee. Consider this card if you want to earn significant rewards on all of your purchases without having to handle any spending categories. The Blue Business Cash Card offers a 2% cash reward. The rewards rate applies only to the first $50,000 spent on eligible purchases every year. Following that, you’ll only get 1% back on purchases. However, this card isn’t a good choice for firms with significant expenses because the 2% cashback limit is $50,000, only.
How to choose the best cashback credit card for your business?
The most important thing to consider is which card will provide you with the greatest rewards for your spending category. Consider where you spend the most money when looking for a business credit card and look for one that offers bonus benefits on those expenditures. Apply for a card that offers a high cashback rate on all purchasing categories, if you are not specific about any category.
Cash-back business cards function in different ways. Some just allow you to redeem your points for statement credits or a check in the mail, while others allow you to exchange them for gift cards, coupons and more. Before buying, check and confirm if the card has the redemption choices you want.
Not A Rapidcents Merchant?
We hope this article helped in figuring out the best cashback credit cards for your Business. Well, at RapidCents we offer cashback coins, known as the RPS Token. There are so many tokens available in the market, and among them, if you choose RPS Token; it will keep your business ahead. This new crypto token is completely backed by Rapidcents that is a popular merchant processor. If you become a Rapidcents Merchant, you will get 100% cashback of the transaction fees in the form of RPS Token.
This is an initiative to give back the merchants that will process the business transactions through Rapidcents. As of now, there are no other merchant processors that offer crypto coins for processing transactions through their platform. Therefore, this is completely a unique initiative by Rapidcents. So, if you want to take advantage of the best new tokens, you can become a Rapidcents Merchant.