Sponsored Video: Credit Card Benefits for Small Businesses

by Darwin on December 10, 2013

This post is sponsored by Capital One:

As regular readers of this blog are aware, I’m all about optimization of cash flow, expense reduction and not overpaying for anything.  With that in mind, you’ll recall that I always seek to optimize my spending in both personal life and my various businesses via credit cards with the best rewards for my situation.  That’s where the Capital One Spark Card comes in.  Since all businesses have recurring expenses – often substantial expenses, why not get some cash back in the process?

I was impressed with the benefits offered by the Spark Card, at 2% back on every business purchase.  These rewards are unlimited and don’t expire.  In my real estate business for instance, our property manager is constantly picking up supplies for repairs (that’s what happens when you rent to college students) and for the CAD Outsourcing business of which I’m a co-founder, we have plenty of state-side expenses ranging from office supplies to web hosting bills.  Getting 2% back on all these expenses makes a huge differences in the monthly statement of cash flows, especially when you’re running on really thin margins.  That can mean the difference between being in the red or the black in many months for us!

It’s entirely possible (since this is how we started out) that you pay for everything with checks but in that case, not only are you losing out on the cash-back benefits and incurring more time and expense in dealing with checks, but you don’t get to take advantage of a few weeks of float on your cash flow.  When you’re dealing with a lead time on accounts payables, it’s ideal to help offset your expenses on the other side via a crdit card like this.

Check out the video below for a witty take on the benefits and details of the Spark Card – who doesn’t love claymation?  See below:

{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: