- Posts: 1
- Joined: Sun Mar 13, 2011 2:02 pm
- Location: U S A
Its a very good idea. When you get your corporate card, you will have to sign a personal guarantee. I own a distribution business as well. We are not e commerce as we purchase merchandise from our vendors and then deliver in our trucks. We use credit cards extensively, about $55,000 per month. I try to buy early in the billing cycle and use only about half of my credit line and by doing this I average 45 days to pay for the merchandise after I receive it. We do offer credit to many customers so A/R is a constant problem. We are lucky in that about 90% of our customers pay in less than 30 days. I always pay my cards in full, if I had to pay interest the rewards would not be worth it.
We have 3 corporate cards and would like to hear from other members if we are maximizing our rewards use. Travel is important to us, and we are able to take 2 nice vacations a year with free airfare , rooms, and sometimes car rental, .
Here are the cards we are using:
US Bank Flexperks Bus. Travel Rewards approx. $17,000 per month (use mainly for airfare, never have trouble booking the flights we are looking for, flights are usually 20,000-40,000 per person, also can get Visa gift card, 10,000pts for $100.00 gift card)
Capital One Business Platinum approx. $18,000 per month (Double points for the first year, 2 months left at double points) Their rewards seem inflated, but at double points they are a good value) If they do not extend the double points offer, I will stop using and find another card
Marriott Rewards approx. $20,000 per month (Use for hotel rooms, the merchandise offered, car rentals, etc are too expensive)
I may get another card as there is another vendor we buy from we are buying $10,000 a month from that I am writing a check to for a 1% discount if paid within 10 days. With a card I could get rewards and have at least 30 days to pay.
Note,I get offers from various Amer. Exp cards but my vendors do not take AmEx.
Are there better cards I should be considering with this amount of monthly purchases?