The is a rewards business charge card offering a BIG early spend bonus offer in addition to ongoing 2% cash back on all purchases (or better). Instead of a standard credit card where you can carry a balance and pay interest, this is a charge card where the balance is due in full every month. Here are the highlights:
- Limited-time offer: Up to $3,000 cash bonus. $500 once you spend $5,000 in the first 3 months, and $2,500 once you spend $50,000 in the first 6 months of account opening.
- Unlimited 2% cash back on every purchase, everywhere-with no limits or category restrictions
- Additional annual $200 cash bonus every year you spend $200,000 or more.
- Comes with no preset spending limit, so it can adapt to your needs based on your spending behavior, payment history and credit profile.
- Add employee cards for free, and earn unlimited 2% cash back from their purchases
- Rewards won’t expire for the life of the account, and you can redeem your cash back for any amount.
- $150 annual fee.
Consider that if you exactly meet both of the spending requirements above ($5,000 within first 3 months and $50,000 within first 6 months), you will end up with the $3,000 cash bonus plus $1,000 from 2% cash back = $4,000 cash total. That’s effectively 8% back on $50,000 of business card spending!
This card does have a $150 annual fee, which makes it best suited for businesses with significant spending needs. You get an additional $200 cash bonus every year you spend $200,000 or more. That may seem like a lot, but many businesses make a lot of purchases for raw materials and/or inventory.
Compare against the which offers 2X miles and Global Entry/TSA PreCheck credit. If you also hold the Spark Miles, , or the rewards cards, you can convert your cash back rewards into their “miles”, which are then transferrable to various airline miles programs including British Airways Avios. With the right companion card, $4,000 in cash rewards could be converted to 400,000 miles.
Bottom line. The is a rewards business card where you pay in full each month. If you have significant business expenses, this card is offering a BIG early spend bonus offer in addition to ongoing 2% cash back on all purchases (or better).
Also see: .
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