Credit cards are an essential tool for businesses looking to conveniently and easily make purchases, and to boost cashflow. However, their value does not end there. If you choose a credit card strategically, you’ll be able to earn significant rewards. The key to maximising your points, and earning more rewards is quite simple: use your rewards card to pay for ALL your business expenses.
How to Choose the Right Credit Card
It’s important that you research the right credit card for your business. Be sure to understand credit card offerings in the market that will allow you to maximise your rewards points. When comparing cards, consider the following:
- Points-to-dollar ratio
- Sign up bonuses
- Interest-free days (the set number of days in which you won’t be charged any interest, if you pay off your monthly balance in full)
- Complimentary features included with the card such as concierge, airport lounges etc.
- Interest rates and fees
- Points caps (limit imposed by the card provider on the number of points you can earn in any given month or year)
- Points expiry rules and timeframes
- Other card offers such as cash backs or discount when you spend with certain retailers
Additionally, some credit cards offer more rewards when you spend in specific categories but if this doesn’t appeal to you, there are many cards that simply offer a set earning rate on all spend.
Pay for Everything on Credit Card
If your business is paying stock, contractors and supplier invoices with bank account funds, you are missing out on the opportunity to rapidly boost your points balance. Remember, you can earn points on every transaction you make regardless of the amount.
From small incidental purchases like your quick flat white on the way to work, petrol or shouting lunch for a client, use your credit card rather than cash or your debit card. Whilst these are small dollar value transactions, you’ll be surprised to see how these regular transactions add up to lots of points over time.
Use B2Bpay To Earn More Points on ALL Payments
Although tax payments have traditionally been paid by bank account or directly by card with reduced points earnt, B2Bpay provides the opportunity for business owners to make these substantial ATO payments, with ease, and earn full credit card points* and Qantas Points# on top!
In fact, you can use B2Bpay for many bills such as rent and utilities to earn FULL credit cards rewards points and Qantas Points. Many card issuers reduce or eliminate the number of points you can earn on these purchases.
Earn More Points Through Our Special Offers
In addition to earning full credit card points when paying business bills with B2Bpay, you will also earn Qantas Points on all eligible payments#! You will earn:
- 1 Qantas Point for every $7 paid by card to the ATO
- 1 Qantas Point for every $10 paid by card to other billers
- 1 Qantas Point for every $3 paid by bank account
- Up to 3 Qantas Points per $1.50 paid to B2Bpay Bonus Billers
Use Your Points for Flights to Maximise Points Value
One of the greatest advantages of earning Qantas Points is the ability to use them for flights, upgrades, and other travel bookings with Qantas and its partners. Qantas makes it super easy for you to move points From Qantas Business Reward over to an individual’s Frequent Flyer account. You simply head over to the Qantas Business Rewards website and log in to the Transfer Points page.
You can choose who you want to transfer the points to by entering the recipient’s name and Qantas Frequent Flyer number.
How One Small Business Affords Travel Upgrade
For Victoria-based Collinson’s Vacuum Packing, Qantas Business Rewards makes staff travel much more affordable. Collinson redeems points on flights, upgrades and accommodation for business trips and has even previously used them to fly his family to Japan for a Christmas holiday.
Using B2Bpay – a secure online portal – the business earns Qantas Points when it pays bills and even when it receives payments, if a customer pays by Xero invoice. “Paying bills through internet banking is a long, tedious process but B2Bpay is fast and easy to use. Plus, we get rewarded for it,” says Collinson. “Some of our suppliers are Bonus Billers, so we can earn up to 3 Qantas Points per $1.50 on payments.”
Collinson also uses a Qantas Points-earning business credit card to rack up even more points on top. “We always try to get the maximum points because it’s good for our business.”
Get Started with B2Bpay
Setting up a B2Bpay account to pay your bills is easy, and free! Simply fill out an online set up form so we can verify business details.
Click HERE to sign up for free. Alternatively, talk directly to our Sydney-based B2Bpay support team on 1300 205 575.
# Use a Qantas Points earning credit card to earn points on every payment. Card products referred to are not issued by Qantas but by the relevant Card partners. The applicable Card Partner is the credit provider and credit licensee under the National Consumer Credit laws. Points are offered by the relevant Card partner and partner reward program and can only be earned on eligible purchases. Contact the relevant Card Partner for terms and conditions or enquiries.
*A business must be a Qantas Business Rewards Member to earn Qantas Points for business. A one-off join fee of $89.50 including GST normally applies, however this will be waived for B2Bpay customers using this link. Membership and Qantas Points are subject to the Qantas Business Rewards Terms and Conditions. Qantas Points for business are offered under the B2Bpay Customer Terms and Conditions. Members will earn 1 Qantas Point for every $7 paid to the ATO by card, 1 Qantas Point for every $10 paid to all other billers by card, and 1 Qantas Point for every $3 paid to a biller by bank account. Members can also earn up to 3 Qantas Points per $1.50 paid to B2Bpay Bonus Billers.See B2Bpay website for a list of current B2Bpay Bonus Billers. Qantas Points will be credited to the Members’ Business Rewards account within 90 days of the eligible spend. Any claims in relation to Qantas Points under this offer must be made directly to B2Bpay by emailing [email protected]. Businesses must ensure the ABN registered with Qantas Business Rewards is saved in the B2Bpay customer profile or entered online when paying in order to earn Qantas Points. Qantas Points earned using B2Bpay will be automatically credited to your linked Qantas Business Rewards account within 90 days of your eligible spend as outlined in the B2Bpay Customer Terms and Conditions. B2Bpay Billers will earn 1 Qantas Point for every $20 of customer payments made by customers using VISA or Mastercard via the Public WebPay payment portal supplied by B2Bpay (an ‘eligible payment’) and featured on the Biller’s invoice or statement template. Excludes failed or refunded payments and may not be available to businesses on enterprise or special pricing plans. Qantas Points will be credited to the Members’ Business Rewards account within 90 days of the eligible spend. Any claims in relation to Qantas Points under this offer must be made directly to B2Bpay by emailing [email protected]