Mergers & Acquisitions Advisory

A Neumann & Associates, LLC

February 11, 2016

The Best Credit Cards for Business and Why

By Achim Neumann

Most business utilize a line of credit to ensure business operations will run smoothly regardless of current cash flow. Additionally, business owners are always on the look out for credit cards that offer perks that will make their businesses run smoother as well as reward them for spending their money.

This article will review three credit cards that have terms that are beneficial to the operation of most small to mid-sized companies, as well as some additional knowledge to help make the right choice for any business.

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The Chase Ink Plus card is suited to frequent fliers, as it awards 60,000 bonus points (good for a flight worth $750) if a minimum of $5,000 is charged in the first three months after the opening of an account.

Points can be earned at 5x per dollar spent ($50,000 cap) when the card is used at office supply stores and to process cellular, phone, cable and internet bills, and at 2x per dollar ($50,000 cap) spent when it is used at gas stations and hotels within the United States.

Cards can also be distributed to employees at no additional cost, making it easy to accumulate the maximum number of points available in the above mentioned schemes.

2) SimplyCash Business Card from American Express

Businesses looking to preserve their financial reserves will want to use SimplyCash Business Card from American Express, as its cash back program reduces expenditures every time it is swiped.

It provides 5% cash back on purchases from office supply stores and wireless companies in the United States ($25,000 cap), and it allows business owners to choose a spending category from which 3% cash back can be earned ($25,000 cap), which includes areas ranging from advertising to airfare.

A $250 one-time bonus can be earned by charging $3,000 on the card in the first six months after opening an account, and there is no annual fee.

3) Starwood Preferred Guest Business Credit Card from American Express OPEN

Entrepreneurs that spend a lot of time in hotels attending meetings and conferences should consider signing up for the Starwood Preferred Guest Business Credit Card from American Express.

The points earned from using this card for business expenses add up to free stays in the Starwood hotel chain with no blackout dates (1,200 properties in 100 countries), and with 25,000 bonus points awarded for users that charge $5,000 in their first three months, business owners won’t have to wait long for their first free night.

The points can also be used for flights, or for train journeys on Amtrak, making it a well-balanced travel card for small business owners.

About A Neumann & Associates, LLC

A Neumann & Associates, LLC is a professional mergers & acquisitions and business brokerage firm having assisted business owners and buyers in the business valuation and business transfer process through its affiliations for the past 30 years. With an A+ Better Business Bureau rating, the company has senior trusted professionals with a deep knowledge based in multiple field offices along the East Coast and has performed hundreds of business valuations in its history. The firm’s competitive transaction fees are based on successfully completing transactions. For more information, please contact A Neumann & Associates at 732-872-6777 or info@neumannassociates.com

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“I recently contacted A. Neumann and Associates about getting a valuation of my business done. I spoke with Marc, who explained the process in detail. After meeting with Marc in order to get a clear understanding of my business, and what I was hoping to accomplish. His patience in answering all my questions and his knowledge of the proper way to market my business gave me great confidence that this is the firm I will be using to sell my business for max value. Working with Marc at A Neumann & Associates was very easy and professional. I did not know all that was going to be involved in selling my business but they helped me through the process. What I thought was going to be a just another one of those pushy sales companies was just the opposite. Polite, knowledgeable, and a pleasure to talk to and deal with. I highly recommend this firm to anybody who wants to sell now or down the road. Marc not only knows his stuff, but actually is a real nice guy.”

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Colby Harris, Co-Owner, Del Mar Designs

“Claus Madsen thoroughly helped us with selling our company. From the 1st introductory meeting explaining to us what was possible, to providing us with resources to assist with the sale. Claus was invaluable throughout the whole sales process. Claus was with us every step of the journey and always made himself available for any questions or issues that came up along the way. If you are interested in selling your business, I encourage you to reach out to Claus and the ANA team so that they can let you know what’s achievable. These guys will make it happen!”

Ron Harris, Co-Owner and Vice President, Del Mar Designs

“A Neumann & Associates is the only business broker I would use or consult with. They have assisted with 3 business sales over the past 15 years with me. They are honest and sincere and have always performed better than my expectations. They are the only one i would use for the sales of my businesses.”

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