July 30, 2024

5 ways to maximize rewards on your corporate credit card

Maximizing rewards on your corporate credit card can significantly enhance your business's financial efficiency. Whether you're a small business owner or managing a large corporation, strategic use of your corporate credit card can lead to substantial savings and benefits. Here are some key strategies to help you make the most of your corporate credit card rewards.

1. Choose the right card for your business

Selecting a corporate credit card that aligns with your business spending patterns is crucial. Different cards offer varying rewards structures, so it's essential to choose one that maximizes rewards based on your regular expenses. For example:

  • Travel-heavy businesses: If your business involves frequent travel, opt for a card that offers high rewards on travel-related expenses such as flights, hotels, and car rentals.
  • Office supplies and services: For businesses that spend significantly on office supplies, utilities, or advertising, choose a card that offers higher rewards in these categories.
  • Cash back vs. points: Decide whether you prefer cash back rewards, which provide direct savings, or points that can be redeemed for travel, merchandise, or other perks.

2. Leverage bonus categories

Many corporate credit cards offer bonus rewards for specific categories of spending. Make sure to understand these categories and plan your spending accordingly. For example, if your card offers extra points for dining and entertainment, consider using it for client lunches or team-building events.

3. Optimize employee spending

Distribute corporate credit cards to key employees who frequently incur business expenses. Train them on how to use the cards strategically to maximize rewards. Set up guidelines to ensure that all eligible purchases are made with the corporate card to accumulate the maximum possible rewards.

4. Consolidate business expenses

Whenever possible, consolidate your business expenses onto your corporate credit card. This includes everything from office supplies and travel bookings to utility payments and advertising expenses. By centralizing your spending, you'll not only simplify accounting but also increase the total rewards earned.

5. Take advantage of sign-up bonuses

Many corporate credit cards offer substantial sign-up bonuses if you meet a minimum spending requirement within the first few months. Plan large purchases or consolidate expenses during this period to ensure you meet the threshold and earn the bonus.

Maximize rewards with the Ramp Corporate Card

Maximizing rewards on your corporate credit card requires strategic planning and ongoing management. By selecting the right card, optimizing spending, and staying informed about promotions and expiry dates, you can significantly enhance your business’s financial efficiency.

If you're looking for a corporate card that offers exceptional rewards and flexibility, consider the Ramp Corporate Card. Ramp provides powerful tools for managing expenses, optimizing spending, and maximizing your rewards.

With its user-friendly platform and robust analytics, Ramp helps businesses of all sizes streamline their financial operations and make the most out of their corporate card spending. Implement these strategies with the Ramp Corporate Card to ensure you're getting the most out of your corporate credit card rewards program.

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Ali MerciecaFormer Finance Writer and Editor, Ramp
Prior to Ramp, Ali worked with Robinhood on the editorial strategy for their financial literacy articles and with Nearside, an online banking platform, overseeing their banking and finance blog. Ali holds a B.A. in Psychology and Philosophy from York University and can be found writing about editorial content strategy and SEO on her Substack.
Ramp is dedicated to helping businesses of all sizes make informed decisions. We adhere to strict editorial guidelines to ensure that our content meets and maintains our high standards.

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