Young Man's Wallet

Monday, September 04, 2006

Business Credit Cards

I have a bunch of business credit cards, some of which are good, some of which are not good. I'm unhappy to report that my CapitalOne Business card now falls in the latter, not good, category.

I checked their rewards when I first got the card, and it listed the possibility of getting a $100 statement credit for 10,000 miles, or 1% rebate. I hoped to add this to my Visa Extras for abuot 1.25% discount. No such luck. They recently changed their rewards program, removing the statement credit, and now only offer gift cards worth about 0.5% the volume of purchases made on the card. Considering the card limit is only $600, I think I'll sock draw it now in lieu of the new Home Depot mastercard I got for my business. It has a limit of $5500, and 1% rewards for standard purchases, as well as 2% rewards for Home Depot purchases. Good stuff.

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