5 Business Credit Cards Offering Best Reward Programs for Small Businesses
In a bid to boost their revenue and manage expenses effectively, small businesses are increasingly turning to business credit cards. Among them, rewards programs play a pivotal role in enticing entrepreneurs to utilize these cards frequently.
By offering attractive discounts, cashback offers, fuel waivers, and other incentives, business credit cards enable small businesses to maximize the benefits of every transaction. To cater to their diverse needs, several banks have launched special business credit card offerings that come with distinct features and rewards programs.
Here are five business credit card options with impressive reward programs:
HDFC Business Moneyback Credit CardThis card provides users with 4 reward points for every ₹ 150 spent on online purchases. For retail expenses of ₹ 150, you receive 2 reward points. Users can also earn a cash bonus of ₹ 25,000 by spending Rs 18 lakh in the anniversary year.
Citi Corporate Credit CardThis card rewards users up to 15 per cent discount on dining with partnered restaurants and offers discounts of 1 per cent fuel surcharge waiver on purchases made from IndianOil outlets.
ICICI Bank Business Advantage Black Credit CardThis business credit card by ICICI Bank offers cashback of 1 per cent on domestic as well as international travel expenses. Users can also obtain up to ₹ 75 lakh insurance coverage in the event of personal air accidents or death.
Yes Prosperity Business Credit CardWith this card, users earn 10,000 reward points for every first transaction completed within a month and get 2-4 reward points on other transactions below Rs 100. For every renewal, 7,500 bonus reward points are awarded to the user.
Axis Bank My Business Credit CardThis business credit card allows individuals to earn eDGE points on spending ₹ 200 online and ₹ 2500 offline. Also, Axis Bank extends its visa network to over one million ATMs worldwide offering cash withdrawal facilities across these outlets.
According to a financial expert, rewards programs play an important role in encouraging small businesses to frequently use their credit cards, as each transaction has the potential for maximum gain of extra money thanks to these offers and discounts. Nevertheless, considering all of those features along with the fees, interest rates, redemption processes for every card is vital for entrepreneurs looking to maintain financially responsible behavior.
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