Business owners can choose from a variety of credit cards, including low-interest credit cards, rewards credit cards, cash-back credit cards, and more. Many cash back credit cards offer discounts at Shell, Alamo and other merchant locations. Cash back can be redeemed for gas, travel expenses, business entertainment, merchandise and much more.
If you’re looking for Canadian cash back credit cards, you’ll find many lucrative offers, brought to you by big banks and second-tier banking establishments. The American Express Business Card allows cardholders to earn up to $1,250 in cash back, depending on the months they carry a balance and their spending habits. The card is offered with an annual interest rate of 19.99 percent and flexible terms to pay off outstanding balances over time. It should be noted that the rates can increase up to 25.99 percent, depending on the payment history of each one. There is no annual fee, and additional cards can be ordered for employees free of charge. The card is offered with a small business insurance disability plan. In addition, cardholders are entitled to emergency card replacement and travel accident insurance. Online reporting and expense management tools are another beneficial feature. Finally, cardholders enjoy front-of-line entertainment. The card can be used for a variety of business purchases, including entertainment, office supplies, business travel, and more. Customers earn up to 2 percent cash back. In terms of payment options, there are different ways to do it. You can pay your bill at an ATM, at your local bank branch, or through Internet banking. You can also pay by phone or by mail.
It should be noted that this card is offered by various financial institutions in Canada and fees may apply. Additionally, customers must qualify annually to receive rebates. Refunds are calculated only on purchases charged to the card. Certain restrictions and conditions may also apply.
Another credit card suitable for businessmen is the BMO CashBack MasterCard for Business. The card has no annual fee and allows customers to earn cash back and get rebates on their accounts. Cardholders get 0.5 percent cash back on all purchases charged to the card, as well as 1.5 percent on purchases at Alamo Rent A Car, Shell and National Car Rental locations. The CashBack MasterCard for Business comes with no annual fee and an interest rate of 19.5 percent or an annual fee of $50 per year and a low interest rate of 12.9 percent. A beneficial feature of this card is BMO Premium BizAssist, which offers 24/7 online trading support. This service is offered for $149 per year. MasterCard Easy Savings is another service that allows automatic refunds offered at participating merchants. Supplemental employee cards are also offered, allowing business owners to delegate purchasing authority. Thanks to the liability waiver program offered with this card, one’s business is protected from employee abuse.
If you prefer reward credit cards, you can check out the American Express Business Gold Rewards Card, the American Express Business Platinum Card, and a variety of other cards.
