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Started By
Message
What’s the best points or miles card for a small business with two owners?
Posted on 10/15/22 at 12:58 pm
Posted on 10/15/22 at 12:58 pm
Trying to figure out the best way to maximize benefits to both parties.
The goal would be to use the card for all monthly purchases and pay it off every statement. On a miles card, would the miles go to only one party? If you had two separate cards under the same business CC account, I assume you could alternate (odd/even months split on the business expenses) to distribute the benefits equally.
Also, if cash back is chosen, would the cash back route through the business?
TIA
The goal would be to use the card for all monthly purchases and pay it off every statement. On a miles card, would the miles go to only one party? If you had two separate cards under the same business CC account, I assume you could alternate (odd/even months split on the business expenses) to distribute the benefits equally.
Also, if cash back is chosen, would the cash back route through the business?
TIA
4
Posted on 10/15/22 at 1:18 pm to Blutarsky
Yall each go get your own card. Ive funded alot of vacations with points from chase ultimate rewards.
Posted on 10/15/22 at 1:19 pm to diat150
Business or a personal miles/points?
Posted on 10/15/22 at 2:35 pm to Blutarsky
There are Chase Business and personal cards that earn Ultimate Rewards. Plenty of 2% cashback options too. There's no right answer for anyone. Look into the Chase Ink cards, Amex Blue Business Cash/Plus, AMEX Platinum business, or your favorite hotel/airline branded business cards. There's essentially a business version of anything you want to earn. Most come with good sign up bonuses and often referrals for someone that signs you up. Also your decision is likely to be based off what category of spend your business uses most (office, travel, advertising, etc.) as many cards make 5x in those categories.
You can have as many as you want. Cashback in general is a check or statement credit that you can redeem however you'd like. You can put personal spend on business cards if you want, I do every day. But most find it easier to keep the two separate for tracking purposes.
You can have as many as you want. Cashback in general is a check or statement credit that you can redeem however you'd like. You can put personal spend on business cards if you want, I do every day. But most find it easier to keep the two separate for tracking purposes.
This post was edited on 10/15/22 at 2:36 pm
Posted on 10/15/22 at 9:01 pm to Blutarsky
quote:
Business or a personal miles/points?
Both.
Posted on 10/15/22 at 10:30 pm to Blutarsky
For my biz, the Costco VISA has paid off big. I’m getting $5K to 9K checks back every year.
Posted on 10/18/22 at 12:33 pm to Blutarsky
My wife and I own our business together so I have a little experience.
We use chase, I may switch soon just to go after another miles program.
Get the same cards for both owners, you can create one account and link them. Your book keeper/ accountant isn't going to want a ton of different cards.
Pay them off, and then the points either go together or you can transfer them to your personal accounts.
We use chase, I may switch soon just to go after another miles program.
Get the same cards for both owners, you can create one account and link them. Your book keeper/ accountant isn't going to want a ton of different cards.
Pay them off, and then the points either go together or you can transfer them to your personal accounts.
Posted on 10/18/22 at 3:06 pm to TheChiefHasArrived
quote:
You can put personal spend on business cards if you want, I do every day. But most find it easier to keep the two separate for tracking purposes.
Also helps with making sure you don't get accused of piercing the corporate veil. Regardless, if you want to keep them separate you can get your personal & business with Chase, then transfer the points. I am sure you can do the same with other cards, I just know about Chase because that's how we utilize ours.
Posted on 10/18/22 at 3:07 pm to baldona
quote:
We use chase, I may switch soon just to go after another miles program.
When you do switch, consider closing your Chase accounts. Then in 2-3 years you will be eligible for their new card rewards if you switch back
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