Wife needs a business card

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Sevenfeet
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Wife needs a business card

Postby Sevenfeet » Tue Apr 23, 2013 6:48 pm

When I began my interest in credit and credit cards, my wife was a little concerned about my proposed expansion of our wallet from three products to eight. Even recently she's groused at keeping track of it all when it comes to bill paying time twice a month. Then something interesting happened. My wife is preparing to leave to comfort of her job in non-profit to start her own consulting business. Today she asked me "Is there a business credit card that would work for me in keeping my finances straight?"

I had to smile.

But that does mean I have to pay more attention to the business cards than I have so far. From what I've seen around here, the most popular seem to be the Chase Ink line although Amex makes good products too. We have good relationships with both, and even better, the app spree has raised my wife's Equifax FAKO score by 45 points to 727. So I'm pretty sure we can get the product she wants.

For Chase, I'm thinking about the Ink Cash. It has no annual fee and I think even though the Ink Plus seems to be a great product, I have a feeling that my wife would have to spend a fair amount on the card every year in order to justify the $95 AF. Plus she carries an Amex Platinum so airport lounges aren't an issue. And cash back has always been a bigger priority around here than miles. Any thoughts from the group?

For Amex, I'm actually kind of puzzled as to what to choose. The Business Gold I think is overkill and she doesn't need to advertise. Ditto for Platinum. The Delta Gold replicates some benefits she gets from just being a personal Platinum holder (although the bag fees issue might be worth it). The Starwood Amex is interesting but I'm unsure of hotel points programs after the devaluation of all the major programs this past spring.

Again, any ideas?
Cards:
American Express Platinum (NPSL)
Penfed Platinum Reward Visa ($28K)
Chase Freedom Visa ($25K)
Fidelity American Express ($20K)
American Express Blue Cash Preferred ($20K)
Bank of America Cash Rewards MasterCard ($20K)
Citi Thank You Preferred Visa ($9.5K)
Chase Sapphire Preferred ($7.5K)
US Bank Cash + Visa Signature ($7K)
Discover IT ($4K)


DavidNY
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Postby DavidNY » Tue Apr 23, 2013 7:04 pm

I would suggest Chase Ink Plus and PC to Classic or Cash when the AF is due.

https://www.chase.com/online/business-credit-cards/ink.htm

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Z06Biker
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Postby Z06Biker » Tue Apr 23, 2013 8:28 pm

I own the Amex Business Platinum (which has identical benefits to your wife's personal platinum, save for the OPEN business savings program and the complimentary gold membership with Regus Worldwide), but also have the business versions of the Costco Amex and Simply Cash.

The advantages to the Costco biz card are chiefly 4% cashback on gas up to $7K annually, and unlimited 2% on dining and travel. Of course, you're required to have a Costco membership at the time of sign-up.

The Simply Cash (no AF) is very similar to the Chase Ink in that you get 5% back on office supply stores and wireless service providers up to $12,000 annually. You also get 3% cashback on gas, also up to $12,000 annually, and unlimited 1% on everything else.

All the Amex business cards are automatically enrolled in the aforementioned OPEN savings program, which gives you automatic discounts on places like Hertz, FedEx, HP, Epson, Flowers.com, Hyatt, Barnes & Noble and up until June, Marriott hotels and Microsoft.
AMEX: PRG Gold, Business Simply Cash, Business Costco, BCE.
Chase: United MileagePlus Club, Sapphire Preferred, Amazon Rewards
Barclaycard Arrival World Mastercard
HSBC Cash or Fly World Mastercard
USAA World Mastercard, USAA Platinum Mastercard
Wells Fargo Business Platinum
USC Credit Union Mastercard

Sevenfeet
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Postby Sevenfeet » Wed Apr 24, 2013 10:04 am

My wife had mentioned the Costco business card (we are Costco members already). The 4% gas discount is nice but we already get 5% from Penfed on the personal card. If my wife was going to be in a car a lot for business, this might make sense, but on it's own, I'm not so sure. The discount on travel would be useful since not only may my wife travel, but she might travel overseas.

I wasn't aware that the Business Platinum had a arrangement with Regus. I'll have to ask her if there are going to be circumstances where she will need a conference room to meet with potential customers (she had planned on working from our home).

The OPEN savings program is interesting and I have to look into it more. Too bad that Marriott and Microsoft are leaving the program (given that Marriott has a deal with Chase, I'm not surprised).
Cards:

American Express Platinum (NPSL)

Penfed Platinum Reward Visa ($28K)

Chase Freedom Visa ($25K)

Fidelity American Express ($20K)

American Express Blue Cash Preferred ($20K)

Bank of America Cash Rewards MasterCard ($20K)

Citi Thank You Preferred Visa ($9.5K)

Chase Sapphire Preferred ($7.5K)

US Bank Cash + Visa Signature ($7K)

Discover IT ($4K)

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Z06Biker
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Postby Z06Biker » Wed Apr 24, 2013 2:56 pm

Yeah, definitely check into the Regus program. If it were transferrable I'd give you mine! Being a commercial director, I'm either at home or on set!
AMEX: PRG Gold, Business Simply Cash, Business Costco, BCE.
Chase: United MileagePlus Club, Sapphire Preferred, Amazon Rewards
Barclaycard Arrival World Mastercard
HSBC Cash or Fly World Mastercard
USAA World Mastercard, USAA Platinum Mastercard
Wells Fargo Business Platinum
USC Credit Union Mastercard

Gamma
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Postby Gamma » Fri Apr 26, 2013 7:42 am

DavidNY wrote:I would suggest Chase Ink Plus and PC to Classic or Cash when the AF is due.

https://www.chase.com/online/business-credit-cards/ink.htm

This. Exactly what I did.

Sevenfeet
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Postby Sevenfeet » Fri Apr 26, 2013 8:09 am

Z06Biker wrote:Yeah, definitely check into the Regus program. If it were transferrable I'd give you mine! Being a commercial director, I'm either at home or on set!


I asked my wife if Regus is really necessary for her. She said probably not...she expects to meet at client's offices (virtually all will be either large commercial or government (fed/state/local).
Cards:

American Express Platinum (NPSL)

Penfed Platinum Reward Visa ($28K)

Chase Freedom Visa ($25K)

Fidelity American Express ($20K)

American Express Blue Cash Preferred ($20K)

Bank of America Cash Rewards MasterCard ($20K)

Citi Thank You Preferred Visa ($9.5K)

Chase Sapphire Preferred ($7.5K)

US Bank Cash + Visa Signature ($7K)

Discover IT ($4K)

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djrez4
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Postby djrez4 » Fri Apr 26, 2013 12:08 pm

A combo of an Ink card and the Simply Cash would likely do the trick. Best of both worlds.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

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Z06Biker
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Postby Z06Biker » Fri Apr 26, 2013 4:02 pm

djrez4 wrote:A combo of an Ink card and the Simply Cash would likely do the trick. Best of both worlds.


Yup. No annual fee on either, and you establish a history with the two most coveted lenders...
AMEX: PRG Gold, Business Simply Cash, Business Costco, BCE.
Chase: United MileagePlus Club, Sapphire Preferred, Amazon Rewards
Barclaycard Arrival World Mastercard
HSBC Cash or Fly World Mastercard
USAA World Mastercard, USAA Platinum Mastercard
Wells Fargo Business Platinum
USC Credit Union Mastercard

Sevenfeet
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Postby Sevenfeet » Fri Apr 26, 2013 8:20 pm

Hmmm, not a bad idea but it may be tough convincing her she needs two business cards (especially after all the personal plastic she's carrying now due to my app spree).

We both have deep Amex and Chase relationships on the personal side going in so I'm not worried about getting either card.
Cards:

American Express Platinum (NPSL)

Penfed Platinum Reward Visa ($28K)

Chase Freedom Visa ($25K)

Fidelity American Express ($20K)

American Express Blue Cash Preferred ($20K)

Bank of America Cash Rewards MasterCard ($20K)

Citi Thank You Preferred Visa ($9.5K)

Chase Sapphire Preferred ($7.5K)

US Bank Cash + Visa Signature ($7K)

Discover IT ($4K)



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