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Business owners have to be smart with their money. Using a cash-back credit card can help improve business cash flow and generate more dollars you can plow right back into your business.
Cash back is something that every business owner can use.
Business credit cards typically offer higher levels of rewards for business-related expenses. Right now, credit card companies have rolled out impressive sign-on bonuses for business credit cards. You can take home hundreds of dollars in cash-back rewards that can be used to help pay for new inventory, a marketing campaign or just to help smooth out cash-flow. Cash back is something that every business owner can use.
Here are 4 questions to help you choose the best cash back credit card for your business.
- Do you want an easy-to-use cash back card?
- Does your business spend a lot at office supply stores, cellular phone, landline, internet and cable TV services each year?
- Do you want a cash-back card with no annual fee?
- Does your business spend a lot at office supply stores or gas stations?
Before we dive into our answers, it's worth noting that most sole proprietors, independent contractors or anyone with a side gig generally can qualify as a business. When you apply for a business credit card, use your Social Security instead of a federal Tax ID (EIN) number. Now, let's take a look at CompareCard's best business credit cards for cash back in 2020.
It does not matter if you run your business from your dining room table, are strictly web-based or if you have a brick and mortar location, a business credit card has its advantages. Start earning dividends on your purchases that you can funnel back into your business now.