Credit card rewards programs offer a treasure trove of benefits for businesses, but navigating the world of points and miles can be tricky. Here at Better Than Points, we see savvy business owners fall victim to common pitfalls that slash the value of their rewards. But fear not! We’re here to shed light on these mistakes and show you how to avoid them.
“You don’t know what you don’t know.”
Socrates
Let me share with you some common mistakes, as stated in that quote, you probably didn’t know that they were:
Cashing Out Through the Portal
Many credit cards offer a “cash back” option through their online portal, where you redeem your points for a set value per point. This might seem convenient, but it often offers the lowest redemption value. Think of your points as valuable currency – wouldn’t you want to get the best exchange rate possible?
Choosing the Wrong Credit Card
A one-size-fits-all approach doesn’t work with credit cards. The “best” card depends entirely on your business’s spending habits. Are you a travel-heavy company? A card with airline or hotel transfer partners might suit you best. Do you spend a lot on office supplies? A card with bonus categories for office purchases could be a game-changer. Here at Better Than Points, we help businesses identify the ideal credit card to maximize their rewards based on their unique spending patterns.
Blindly Transferring Points
Not all travel partners are created equal! Some airlines and hotels offer fantastic redemption rates for your points, while others offer a measly value. Without proper research, you could be transferring your hard-earned points for a fraction of their true worth Better Than Points Stays up-to-date on the best redemption options for your points, ensuring you get the most bang for your buck
Copying Someone Else’s Card
Just because your competitor boasts a certain credit card doesn’t mean it’s the right choice for you. Your business has unique goals and expenses. A card that might be perfect for a travel agency might not be ideal for a software development company. Partnering with Better Than Points ensures you get a customized credit card strategy tailored to your specific business needs and desired outcomes.
Avoiding These Mistakes with Better Than Points
Here at Better Than Points, we’re passionate about helping businesses unlock the true potential of their credit card rewards programs. We can help you:
- Identify the right credit cards with bonus categories that align with your spending habits.
- Navigate the complexities of points transfers and find the partners offering the most value.
- Develop a strategic redemption plan to maximize the benefits of your points.
- Stay informed about the latest credit card rewards trends and opportunities.
Don’t let your valuable points go to waste! Contact Better Than Points today and let us help you turn your everyday business expenses into extraordinary rewards!
