It’s nice to enjoy a few perks when you have a successful business, and a Platinum credit card can help you treat yourself to the little luxuries you work so hard for. It is important to consider though, if those “treats” eat into your profits, especially during a time when every dollar counts.
A Frequent Flyer credit card enables all the benefits of a premium credit card, but with the added benefit of allowing you to make the most of your business purchases. Frequent Flyer credit cards are rewards based and give users points when they use their card to make purchases. These points can then be exchanged for a host of travel and air related incentives such as flights, hotels, and insurances.
From a business point of view using a Frequent Flyer credit card makes perfect sense, especially if anyone within your business travels regularly. Reward points can be earned by buying certain life insurances, renting vehicles from partner companies, and so on. Each card provider will have a set of bonus partners, and cardholders will earn extra frequent flyer points by using these partners’ services. It is possible to maximise your points earning potential with a Frequent Flyer card by making all your business related purchases like printing, office rental, and stationary using the card.
If you run a business where you or your staff travel regularly then a Frequent Flyer card can help you maximise on the travel costs. And, don’t forget when you book your travel using your card you’ll be accumulating even more points that you can use further down the line. It is worthwhile considering that travel based reward cards have an annual fee, and this can be expensive depending on the card provider. Make sure to use the rewards often enough to make paying an annual fee worthwhile.
By ensuring the balance is repaid in full before the end of the month, makes it possible to earn a nice amount of reward points at no real cost to your business. The only time a rewards credit card will work is when your credit card balance is paid in full and on time. Additionally, it is important that the net return value of the rewards, exceeds the cost of the annual fee.
Keeping in touch with your Frequent Flyer points balance is much easier than it used to be. Now it is possible to check on your points balance using either the internet or via a number of different mobile phone applications.
As with any credit card, it is important to take plenty of time to compare the different offers. It is important to look at features like interest rate, annual fee, points per dollar and extra incentives to make sure you’re getting the best deal for your business.
On the whole, for the modern business where staff regularly travel, owning a Frequent Flyer credit card is worth considering to make the most of your business purchases.