With the economy and small business booming like never before, as a Small Business Owner, if you are looking to open a new credit credit card to maximize your purchases, 2018 is the best year yet to dive in. There are a wide variety of small business credit cards in the market. We will discuss how a Restaurant Owner or a Catering Business Owner can maximize spending with their every business purchases.

As a Restaurant or a Catering small business owner, we will consider a few common purchases such as groceries, food supplies, utilities, gas, wholesale purchases and travel as frequently purchased items and services. As there are a variety of spending categories, it is wise to stick to one group of credit cards so that you can merge the rewards and maximize their benefit.

Chase and Amex have a wide choice in their Small Business credit card portfolios. Here is the quick rundown of their products.

Chase Ink Business

Chase Ink Credit Cards include Ink Business preferred, Ink Business Cash and Ink Business Unlimited. Ink preferred offers 3X rewards on Travel, Utilities including Internet, Cable and Phone services, and Shipping (up to $150,000). It also has a nice cell phone protection benefit which covers damages up to $600. Ink Business Cash offers 5% rewards on office supply stores and on internet, cable and phone services (up to $25,000) and 2% on Gas and Restaurants (up to $25,000). The Ink Unlimited,  allows you earn 1.5% on every purchase with no limits on spending.

These rewards increase in value when transferred to Chase Sapphire Reserve, which provides a better redemption value of 50% more when redeemed for travel.

Amex Business

Amex Membership Rewards Business Credit Cards include Business Platinum, Business Gold, Blue Business Plus, and Business Green. With Amex Platinum Business, Get 5X Membership Rewards points on flights and prepaid hotels booked at amextravel.com, 50% more points on large business purchases and receive 35% points back when redeemed with an airline. Amex Business Gold offers, Get 4X points on the category where you spend the most for your business. Here’s how the Card works, 4X points on two categories of your choice from the list below, for the first $150,000 in combined purchases:

  • Airline tickets purchased directly
  • U.S. purchases for advertising in select media like online, TV or radio.
  • U.S. purchases from select technology providers of computer hardware, software, and cloud expense
  • U.S. purchases for gas stations
  • U.S. purchases for restaurants
  • U.S. purchases for shipping charges

1X point on the 4 remaining categories and 1X points on other purchases

Amex Blue Business Plus keeps it simple and plain by offering 2x Membership Rewards points on everyday business purchases up to $50,000 with no category restrictions.

Amex Gold which is the newly redesigned product offers 4X on Groceries for up to $25,000 in the purchase. This will be great value addition. The newly launched Amex Gold is offered in Rose Gold and Gold, check out here for their current promotion details.

Compare the Amex Business credit cards of their current promotions and benefits.

Common Restaurant Business Expenses

Here is a quick math on some of the common restaurant or catering expense and some common rewards benefit.

 

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