To begin, ask yourself the following questions:
- Is my job requiring me and/or my staff to travel lengthy distances? If this is the case, a credit card that allows you to redeem rewards for flights and hotels is certainly an excellent option.
- Is my job requiring me to drive frequently? If so, a card with good petrol rewards could be just what you need.
- Do I have to entertain clients in pubs or restaurants on a regular basis? If this is the case, a card that pays good rewards on restaurant spending is most likely in order.
Consider the benefits and drawbacks of paying an annual fee.
When selecting a company credit card, rewards should not be your only concern; you need also consider expenses. We don’t believe that cards with yearly fees should be automatically disqualified. This is why: Because they frequently come with better rewards rates and signup bonuses, paying the cost is occasionally justified.
The main point to remember here is to do the arithmetic. Consider the annual spending of your company as well as the rewards rates of the cards you’re considering. It’s an excellent approach to add additional card alternatives or, conversely, to remove a few.
Consider the ancillary benefits.
You’ve probably whittled it down to just a number of cards by this point. Before making your final decision, consider the additional perks provided by your top rivals. These extra benefits can sometimes make or break a credit card.
For example, if you need to make a major business buy but aren’t sure how to finance it, choosing a credit card with an introductory 0% APR rate could be the way to go. Alternatively, if you spend a lot of time at airports, acquiring a card with lounge access may make your trips more comfortable.
These may not be your top priorities when selecting a card, but they may help you make your ultimate decision.
