Your Ultimate Guide to Visa SavingsEdge for Business Cards
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If you have a business Visa card and you aren’t enrolled in the Visa SavingsEdge program, chances are good that you’re leaving money on the table. Last December I found that I could get a 5% statement credit on a Lenovo laptop purchase simply by enrolling the Visa business card that I was going to use for the purchase before making the purchase. My statement credit for this purchase was only $38, but it introduced me to the Visa SavingsEdge program.
The Visa SavingsEdge program is a free savings program for holders of select business Visa cards. The program includes Everyday Offers as well as Activate Offers. Although you need to activate each Activate Offer, you don’t have to do anything besides use your enrolled card to take advantage of Everyday Offers.
Savings will appear as statement credits on future account statements. The statement credit will appear as “Visa SavingsEdge Discount.” For my laptop purchase last December, the statement credit posted one day after the purchase.
How to Enroll
If you don’t currently have a Visa SavingsEdge account, you can enroll your first card on the program’s main page. On this page you’ll need to enter your first name, last name and card number. You need to enter your card number so that the card’s eligibility can be confirmed.
On the next page, you need to provide your email, create a password for the program and provide your business’ ZIP code. You can also provide your business’ name and category, presumably so you’ll get offers best suited to your needs.
On the final page, you need to select two security questions and provide answers. After you click the Enroll button, you can set a nickname for your enrolled card.
To enroll additional Visa business cards, you should log in to your account and click on “Manage Account” on the top navigation bar. Then, select “Manage Cards: add, delete, update.” On this page you can enter a new card number to check its eligibility, and enroll the card if it’s eligible.
Select Visa Business credit cards, Visa Business Platinum credit cards, Visa Business check cards, Visa Business Platinum check cards and Visa Business Signature cards are eligible for the Visa SavingsEdge program. Visa will verify your card’s eligibility and send confirmation of enrollment when you enter your card number during enrollment.
Unfortunately, there isn’t a list of eligible Visa business credit cards. My Ink Business Preferred Credit Card and Southwest Rapid Rewards Premier Business Credit Card were eligible, as was my husband’s Ink Business Cash Credit Card. So, it’s likely that the Ink Business Unlimited Credit Card is also eligible. There are also multiple reports that the Alaska Airlines Visa Business credit card and the Costco Anywhere Visa Business Card by Citi are eligible. If you have another Visa business card and find that it is eligible, please share in the comments below.
Everyday Offers are savings that you can expect at particular merchants when you use an enrolled business Visa card. You don’t need to enroll in these offers, but some have annual or lifetime maximums and many are only valid for set time periods. So, be sure to check the current offers and their restrictions before making a large purchase. Here are some of the current offers available on my cards:
- Auto Parts and Fuel
- Chevron and Texaco: 2% back on fuel purchases made at the pump
- AutoZone: 2% back on purchases of $50 or more
- Business Solutions
- uShip: 5% back
- MailChimp: 5% back
- Stamps.com: 3% back
- Dining and Entertainment
- CoffeeForLess.com: 5% back
- FromYouFlowers.com: 8% back
- Panera Bread: 2% back on purchases of $35 or more
- Boost Mobile: 3% back
- Many Wyndham Hotels brands: 4% back
- Some MGM properties: 4% back
- La Quinta: 5%
Activate Offers are limited-time offers that you’ll need to click to activate, somewhat similar to Amex Offers. These offers change quickly, so you should activate an offer when you see it if you think you might want to use it. Unfortunately, there aren’t currently any available Activate Offers on my account or my husband’s account.
Maximize Your Purchase
Although the savings through the Visa SavingsEdge program aren’t particularly impressive alone, the program opens up the possibility to triple- and quadruple-dip on some purchases. This is because you’ll also be earning credit card points or miles, and you can oftentimes also use a shopping portal. Plus, for hotels or businesses with loyalty programs, you can also earn loyalty points.
When I purchased a laptop last December, I was able to triple-dip. At the time of my purchase, Lenovo was a 5% EveryDay Offer through Visa SavingsEdge and Ebates was giving 12% cash back on Lenovo purchases. Plus, the Ink Business Preferred earns 1 Chase Ultimate Rewards point per dollar spent on electronics. So, I earned $92 of cash back through Ebates, $38 of statement credits through Visa SavingsEdge and 765 Chase Ultimate Rewards points on the $765 purchase. TPG’s latest valuations value 765 Ultimate Rewards points at $15, so I effectively saved $145 on the $765 purchase — which is a great steal for the laptop I bought. Plus, the Ink Business Preferred provides extended warranty protection that will lengthen the time period of the US manufacturer’s warranty that comes with my laptop by an extra year.
But, even with the potential to quadruple-dip, you might not want to always use a business Visa card. For example, it may be better to forgo 1x Chase Ultimate Rewards earnings with the Ink Business Preferred and 4% back at Wyndham properties through Visa SavingsEdge to instead earn 3x Ultimate Rewards points with the Chase Sapphire Reserve if you value Ultimate Rewards points at more than 2 cents each.
The Visa SavingsEdge program provides statement credits when you use select business Visa cards at participating merchants. There’s no cost to enrolling your business Visa cards, so you might as well go ahead and enroll your cards. While logged in, check to see if there are any Everyday Offers for merchants you already use — and if so, whether it makes sense to switch your spending to the enrolled business Visa card for these purchases. Check your Activate Offers as well and activate any that look appealing — and then check back periodically to see if any other offers have appeared.
Featured photo by Isabelle Raphael/The Points Guy.
WELCOME OFFER: 80,000 Points
TPG'S BONUS VALUATION: $1,600
CARD HIGHLIGHTS: 3 points per dollar on the first $150,000 in combined spending on travel, shipping purchases, internet, cable and phone services, and advertising purchases made with social media sites and search engines.
- Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
- Earn 1 point per $1 on all other purchases–with no limit to the amount you can earn
- Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
- Redeem points for travel, cash back, gift cards and more – your points don't expire as long as your account is open
- No foreign transaction fees
- Employee cards at no additional cost
- $95 Annual Fee