Small Businesses Lure by Business Credit Cards with Rewards Programmes

KOLKATA, DEC. 2023 - Small businesses can now tap into a lucrative opportunity to finance their venture with business credit cards that offer attractive rewards programmes.

In an effort to provide entrepreneurs and micro-enterprises with an added edge in managing their finances, various banks have launched special credit card schemes designed specifically for small businesses.

These credit cards not only help businesses separate their personal and professional expenses but also come with enticing rewards such as cashback offers, hotel discounts, fuel waivers, and airline tickets, among others. These incentives serve as a powerful motivation to encourage business owners to utilize their cards frequently.

According to industry experts, the key benefits of using these credit cards include maximizing returns on every transaction and streamlining business expenses. Additionally, many cards offer exclusive benefits such as complimentary airport lounge access, insurance coverage, and annual fee waiver on certain purchases.

To help small businesses navigate the world of business credit cards, we have compiled a list of top five options with impressive rewards programmes:

1. HDFC Business Moneyback Credit Card: This card offers cashback rewards on online transactions, along with extra points for every ₹ 150 spent.
2. Citi Corporate Credit Card: Users earn reward points on every ₹ 125 spent, and can enjoy discounts at partnered restaurants, airport lounge access, and fuel surcharge waivers.
3. ICICI Bank Business Advantage Black Credit Card: This card provides cashback benefits on travel expenses, along with comprehensive insurance coverage and fuel surcharge waiver on domestic travels.
4. Yes Prosperity Business Credit Card: The Yes card offers accelerated rewards for small businesses, including ₹ 7,500 points as renewal benefits, exclusive discounts, and enhanced insurance coverage.
5. Axis Bank My Business Credit Card: This card comes with attractive eDGE point rewards for every ₹ 200 spent online, along with airport lounge access, EMIs on large purchases, and fuel surcharge waiver.

By carefully evaluating these top choices and taking into account various fees, interest rates, and redemption processes, small businesses can strategically use their business credit cards to maximize returns and drive growth.