5 Business Credit Cards with Rewarding Benefits for Small Businesses
A business credit card is an excellent tool for small businesses to finance their ventures, offering a convenient way to manage expenses and earn rewards.
According to industry experts, business credit cards are specifically designed to meet the varied needs of small business owners. Unlike personal credit cards, business credit cards help separate personal and business expenses, making it easier to track and manage finances.
Moreover, some business credit cards come with added rewards, including discounts, cashback, fuel waivers, and more. These rewards serve as an incentive for businesses to use their credit cards frequently, maximizing the potential from every transaction.
To help small businesses navigate the world of business credit cards, we've compiled a list of five top options that offer exceptional reward programs.
1. HDFC Business Moneyback Credit Card
This card offers extra reward points for online expenses and redeemable cashback rewards. With 4 reward points on every ₹150 spent online, this card is designed to support online transactions. Additionally, users can earn bonus reward points of up to ₹25,000 on spending in the anniversary year.
2. Citi Corporate Credit Card
Citi's business credit card caters to businesses with exclusive benefits and rewards for business expenses. Key features include 2 reward points per ₹125 spent, complimentary airport lounge access, and a fuel surcharge waiver of up to 15%. This card offers a T&E spend management tool to streamline business travel costs.
3. ICICI Bank Business Advantage Black Credit Card
Designed for businesses with cashback on expenses like car rentals, travel, and professional services, this card offers rewards such as 1% cashback on domestic travel expenses. The card also provides up to ₹75 lakh insurance coverage for personal air accidents or death.
4. Yes Prosperity Business Credit Card
This card offers accelerated rewards with 10,000 points earned on the first transaction within 30 days. With 4 reward points per ₹100 spent at travel agencies, domestic airlines, and dining establishments, this card is well-suited for business expenses in these sectors. Additionally, users receive ₹7,500 renewal benefits and comprehensive insurance coverage.
5. Axis Bank My Business Credit Card
Designed to manage day-to-day business expenses, this card offers 4 eDGE points and 100 reward points on the first online payment of ₹200. Users can convert their expenses over ₹2,500 into EMIs and enjoy complimentary airport lounge access every three months.
Overall, these five business credit cards offer rewarding benefits that cater to the diverse needs of small businesses. When choosing a card, it's essential to consider various factors such as interest rates, fees, redemption processes, and insurance coverage to use your business credit card strategically.