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Rewards are there for savvy business credit card users
14 Mar 2013
A credit card is often an important cashflow tool for many businesses and when linked to a good rewards program, savvy business owners can reap real benefit. This is particularly true for those who pay off their credit card balance in full each month.
The benefit that you receive though will depend on which card you chose, with our most recent research finding wide variation on benefit per dollar spent between the cards on offer. As a general rule, the average benefits per spending level are as follows:
|
Annual spend |
Frequent Flyer – average number of Syd-Melb return flights per year | Cash/vouchers – average $ cashback per year |
| $60,000 | 4.64 | 348.22 |
| $120,000 | 9.29 | 578.58 |
And the best?
In our 2013 analysis, Commonwealth Bank has proven to be the best program for business use, with its Business Platinum Awards delivering value for money in the areas of both cash back and flight rewards.
The companion Platinum American Express card enables you to earn up to three points per $1 spent, a competitive earn rate that helps to balance out the $300 annual fee very quickly. For frequent flyers the Business Platinum Awards provide flexibility, offering a choice of Velocity, Air New Zealand and Qantas Frequent Flyer programs.
The Canstar business credit card star ratings compare 42 credit cards offered by 16 financial institutions. Click here to view our latest credit card reward star ratings report.
