Posted: 2/16/2012 8:09:48 AM EDT
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Does anyone know who offers the best program for rewards? I was told to try and find a program where points can be transferred from the business card to personal. Any ideas on this?
Thanks |
But if I was just concerned about miles, I might look at a different card...
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I used to clean up with American Express Gold Corporate. I charged everything to it and earned air miles, hotel stays, car rentals. Everything was tripled up. Twice a year I would go on an 8 day vacation all paid for by AE and once a year I would pick out a free gift with the extra points. A $500 Home Depot gift card and one year I gifted myself a set of Ping irons. |
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I give most of my employees AMEX corp. cards and they can tie them into their personal accounts if not the points just come back to me (I do pay a fee for these cards though, I think it is $50/card per year). I also issue the Bank of America Visa cards that give 3% back on gas, 2% when used with my vendors and 1% on everything else and accrues without limit (No fees and has paid for everyone's x-mas gifts the last 3 years), best of all the cash back is tax free. YMMV and there are a lot of cards to choose from. My recommendation is do not take a card that requires you to sign for a personal guarantee, sometimes in a newer business that is not possible.
PS: For interesting information on why not to sign personal guarantees see 83Lumber v David Power Homes |