Business credit cards are an important asset for business people as these cards provide the power of credit. There are a variety of business credit cards available in the market and are offered by different companies.
Rewards and incentives associated with the card is one important factor that distinguishes all these cards from one another. A variety of reward programs are available on these cards including Frequent Flier Miles Programs for frequent travelers, Gas Rewards for transportation and fuel discounts and most importantly, and Cash Back Reward programs.
Cash back credit cards are the most preferred type of business credit cards around the world. This is because it is convenient to earn points and easy to collect rewards on these types of cards. These rewards can again be used as cash or as additional funding for the business. Rewards and points are usually quite high for businesses that require bulk purchasing.
The way cash back credit cards operate is really simple. For every dollar of purchase made by the customer using the card, he is provided with one or two reward points. These points are equivalent to cash and can be used by the cardholder either for making new purchases or for paying bills. Some cash back credit cards even pay back the customer a certain percentage of the purchase made. This is applicable only when the customer had made a purchase equivalent to a prescribed amount of money and can be availed only when purchases are made at select merchant outlets.
Cash back credit cards are offered at different terms and conditions depending on the credit card issuer. Some good cash back cards include the ones offered by Chase, Discover and Advanta.