Need new card company

Discussion forum for all things related to small business, business financing and business credit cards.
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huskermom
 
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Need new card company

Postby huskermom » Thu May 19, 2016 2:17 pm

We are switching from Citi for our business and personal cards. Had Thank You points and combined personal & business points together and used for travel, but only used maybe once a year. Thinking about switching to just cash back. Figured 1.5 - 2% on some cards is better than 1.25 if used for travel. For work spend about $50K/yr, 10K is cable/phone, 3K is supplies, 4K is gas, rest is misc. Want no annual fee, VISA or MC. Just trying to find the best deal. Want to use the same company for both work and personal. Considering Chase Ink Cash Business, Capital One Spark Cash for Business and Bank of Am Cash Rewards for the business card. Very open to suggestions.


huskermom
 
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Re: Need new card company

Postby huskermom » Fri May 20, 2016 10:49 am

I am leaning towards Chase and Capital One. I have no experience with either of those companies, have always been with Citi. Chase Freedom Unlim or CO Quicksilver for personal then Chase Ink or CO Spark Cash for business. Thoughts on these choices, i.e. customer service, rewards, etc.

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CarefulBuilder14
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Re: Need new card company

Postby CarefulBuilder14 » Fri May 20, 2016 12:57 pm

huskermom wrote:I am leaning towards Chase and Capital One. I have no experience with either of those companies, have always been with Citi. Chase Freedom Unlim or CO Quicksilver for personal then Chase Ink or CO Spark Cash for business. Thoughts on these choices, i.e. customer service, rewards, etc.

Ink Cash looks good. The rewards fit your spending. I've had good customer service (mostly) from Chase, even when I've called the Freedom (no AF, so lower priority) customer service phone line. My only complaint is that when I had an unauthorized charge on Freedom, the first three low-level CSRs transferred me to other low-level CSRs before the fourth put me through to a helpful fraud specialist. I then got a form in the mail that I had to sign and mail back to them.

When I called the IHG line about an unauthorized charge, the process was a lot faster and I didn't have to mail them anything.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

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Vattené
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Re: Need new card company

Postby Vattené » Fri May 20, 2016 3:18 pm

Looks like Capital One has two versions of Spark: Spark Cash (2% cash back but $59 AF {waived first year} with $500 intro bonus) and Spark Cash Select (1.5% cash back with no AF and $200 intro bonus). If you spend $50K/yr on the card you'd still come out ahead on the AF version even without taking into consideration the bonus, but just wanted to point that out since you said you wanted no AF. Capital One does that with a lot of product lines - offer two variations (one with an AF and one without) - and it can cause some confusion.

I think Chase's Ink Cash would work well for your needs, too. Given the spending you've broken down (which I realize can only be estimated and will not be static even if it was 100% accurate) the Ink Cash would earn you more than either Spark. Is Visa or MC an absolute necessity? It's true Amex isn't accepted as widely as Visa/MC, but acceptance is still pretty good. If you'd be open to an Amex, they have the SimplyCash Plus with no AF and similar rewards structure, but 3% on gas instead of 2%. Caveat: the fine print for the phone category says "monthly wireless telephone services purchased directly from wireless telephone service providers in the U.S.," so the cable service you included in that $10K of spending may not qualify while it looks like Chase has that covered. Also, the SimplyCash rewards are automatically credited to your account, which can be a nice convenience or make it unattractive if you prefer banking your rewards and using them for something of your choosing.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

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TyE
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Re: Need new card company

Postby TyE » Fri May 20, 2016 7:50 pm

I have the Capital One Spark for business and it's a great card. I haven't found any other business credit card that gives you 2% back on all your purchases no matter what you buy. Thumbs up from me!!

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CarefulBuilder14
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Re: Need new card company

Postby CarefulBuilder14 » Fri May 20, 2016 8:02 pm

TyE wrote:I have the Capital One Spark for business and it's a great card. I haven't found any other business credit card that gives you 2% back on all your purchases no matter what you buy. Thumbs up from me!!

The 2% version has a $59 AF, though. It's small compared to the amount of spending, but there are a lot of great business cards once you consider AF options.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

swipe_masta
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Re: Need new card company

Postby swipe_masta » Sat Jun 18, 2016 10:28 pm

I have the regular Ink and I love it. I put both personal and business phones (VZW) and cable/internet (TWC and Charter) on it for 5points. Yes it is points not cashback, but it equates the same, better if you have another Chase card that complements it. I have the CSP and transfer over my Ink points to it. There are better gas cards out there and the 2points for dining is decent. I really like the layout of the account portal. You can type in what the expense was for and the spend analyzer with the end-of-year summary makes it very convenient for paperwork/taxes and the like.



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