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Small Business Owners: Make Credit Card Spending Work for You

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Update: Some offers mentioned below are no longer available. View the current offers here – The Enhanced Business Platinum Card from American Express OPEN

In Points Intervention, I help people get their awards earning on track. In the episodes below, I worked with a New York City restaurant owner, helping him to maximize points and miles to get the best return for his business.

My second Points Intervention was with Christophe Carón, owner and manager of Délice and Sarrasin, an authentic French crêperie in New York City’s West Village. The cafe, where Christophe’s mother is the chef, has been open for four months, and he is curious to see if he should switch credit cards to maximize the business’s future spending.

Episode 1: Saving on Foreign Transaction Fees

Christophe uses a Delta Platinum Card from American Express. Yes, the increasingly devalued Delta, because of its partnership with Air France.

After chiding him for his airline choice, we also got into the thorny world of foreign transaction fees. Christophe imports many of the cafe’s ingredients directly from France every month, which can be brutal on the bottom line when foreign transaction fees are factored in. So in addition to trying to get him to jump the Delta ship, I’m challenged with finding him a good credit card for foreign purchases.

Episode 2: Using a Cash-Back Business Credit Card

In this episode, I made two card recommendations for Christophe based on how he runs his business, and his three goals: he wants travel perks, he’s looking to avoid foreign transaction fees and he wants to add additional employees to whichever card he chooses.

If Christophe wants to stick with Delta, The Enhanced Business Platinum Card from American Express OPEN currently offers 40,000 points after $5,000 spent within three months and features plenty of benefits, from lounge access at airports he uses often to perks at luxury hotels. If Christophe learns how to leverage these advantages, the Business Platinum card might make sense — but it costs $300 for each additional card holder, which can add up.

So my top recommendation for him was actually a cash-back credit card; Capital One has a Spark Cash for Business Card that gives you a cash bonus of $500 after $4,500 spent in the first three months just for signing up and meeting a minimum spend requirement — and additional cardholders are free.

Also, for every dollar you spend you get 2% back, which means that in addition to Christophe avoiding foreign transaction fees and adding cardholders with no additional annual fee, he can actually make the card work for him based on his spending.

Episode 3: Paying Bills with a Credit Card

For my final episode with Christophe, we talked about paying bills online via credit card. Christophe mentioned that if he doesn’t pay certain vendors using Automated Clearing House (ACH), they charge him a fee.

So once again, it looks like the Capital One Spark Cash for Business Card is the winner in Christophe’s case — and probably in the case of many other small business owners, too. With the 2% cash back on his spending, it would at the very least cover the fee, and anything else on top of that is gravy.

Do you or your small business need a Points Intervention? Be sure to email to share your detailed story.

Ink Plus® Business Credit Card

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  • Earn 60,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 5 points per $1 on the first $50,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year
  • Earn 2 points per $1 on the first $50,000 spent in combined purchases at gas stations and hotel accommodations when purchased directly with the hotel each account anniversary year
  • Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee
Intro APR Regular APR Annual Fee Foreign Transaction Fee Credit Rating
N/A 15.49%-19.49% Variable $95 0% Excellent Credit