4 ms·
I push all our spending through a 2% cash back capitalone business visa. Can't find a better cashback rate, though you could run multiple cards through differen
by cullenking 7y ago
I push all our spending through a 2% cash back capitalone business visa. Can't find a better cashback rate, though you could run multiple cards through different vendors with their own credit cards, but you get diminishing returns. If you are a big amazon spender (products, not AWS), it makes sense to do an amazon visa, and then the capital one for everything else.
It's really easy to believe the deal when you look at your interchange rates. The Capital One that I mention above has 2.3% interchange rate, so the merchants who take it get hit much harder than other cards. Capital One, stripe, amex etc are all still making a killing on these cards, they just do it on the backs of the merchants who accept them.
Based off our business spending on our card, which isn't extreme by any measures (18 employees, bootstrapped and cash flow positive, doing fairly decent), it probably beats that stripe card even with the processing fee bump.
- lastofus 7y agoA warning for using the Amazon visa: their record retention is horrible. I had to call in and talk to someone for them to send me a paper statement for charges from the previous year when doing taxes. Their export for current records is also terrible last I checked. It's basically terrible for any sort of accounting. As a small business owner, it wasted hours of my life for no good reason.
- peternicky 7y agoNot sure which card you are referring to. I’ve had the amazon chase visa for over 10 years and have no problem pulling up my records.
- spiznnx 7y agoProbably the "Amazon.com Store Card" issued by Synchrony Bank, and not the "Amazon Prime Rewards Visa Signature Card"/"Amazon Rewards Visa Signature Card" issued by Chase. I've heard bad things about Synchrony's usability.
- lastofus 7y agoYou are correct - my mistake. It was the "Amazon.com Store Card" by Synchrony Bank.
- t3rabytes 7y ago> If you are a big amazon spender (products, not AWS) The Amazon Business card from Amex is great for Amazon spending, products and AWS included.
- spiznnx 7y agoWow, 3% back on AWS is definitely nice!
- cj 7y agoThe Amazon Business Prime Amex offers 5% AWS cashback. It’s great.
- dontbenebby 7y ago> The Amazon Business Prime Amex offers 5% AWS cashback. It’s great. Is there an equivalent for Azure?
- sikhnerd 7y agoAnyone know of an equivalent for GCP?
- cdolan 7y agoIt was awkward to read this it sounds eerily similar to my company. We’ve been using two capital one cards for all of our expenses (in the hundreds of thousands per month), and have really enjoyed the benefits of 2% cash back. The biggest issue is the credit limit. Even after 12 months of making 4-6 payments for the entire credit limit throughout the month (we max the card out every week at least), they still won’t give us the limit we need. Sometimes they even make up bogus excuses on the credit request response form Such as “account cost too high” (or something like that)
- maratd 7y ago> Even after 12 months of making 4-6 payments for the entire credit limit throughout the month (we max the card out every week at least), they still won’t give us the limit we need. Had the same experience with the same card, asked multiple times for a credit increase ... which they denied. Then they increased it months later when I didn't ask. Go figure.
- ernesto235 7y agoThanks your
- DarkStar851 7y agoMy personal card pulls the same shit constantly. Last raise request I made was for $300 to put a bill on it, was declined, a month later I get an automatic offer for a $1000 credit raise. They'll be losing my business pretty soon.