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Using Credit Cards to Save Money on Business Expenses
Cash Back Rewards
- Earn Cash Back: Credit cards like the Capital One Spark Card offer 2% unlimited cash back, while the American Express Plum Card offers 1.5% unlimited cash back.
- Offset Fees: Using a credit card with cash back can partially offset the 2.95% process fee, reducing the effective cost.
Tax Benefits
- Tax-Deductible Fees: The 2.95% process fee can be filed as a tax-deductible business expense, offering some financial relief.
- Additional Tax Breaks: Depending on the jurisdiction and tax codes, you may be eligible for additional tax breaks for using credit cards for business expenses.
Cash Flow Management
- Cash Float Period: Credit cards often provide a 30 to 45-day payment window, allowing businesses to manage their cash flow better.
- Utilize Funds: During this period, the funds can be invested in short-term opportunities or other revenue-generating activities.
Detailed Example: Capital One Spark Card
- Process Fee: 2.95%
- Cash Back: 2%
- Tax Break: 0.06%
- Final Fee: 0.35%
- Additional Benefit: 30-45 days of cash flow management and float revenue.
Floating Revenue from Bank
- Float Revenue - Cash incentive Earnings: The funds in your bank account for 30 to 45 days could earn Cash incentive or be invested in short-term revenue-generating activities.
- Capital Utilization: The cash float period allows you to strategically utilize your capital for other pressing needs or investment opportunities.
Additional Resources
By combining these strategies, the actual cost of using a credit card to handle business expenses can be significantly reduced, while also providing the flexibility to manage cash flow more effectively.
Earn as You Spend
Who said spending money can’t be beneficial? With credit cards, every dollar spent transforms into a rewarding journey. Each transaction on the platform earns you points you can redeem for an extensive range of rewards – from travel miles and hotel stays to shopping vouchers and cashback. The system is designed to ensure that the more you spend, the more you earn, flipping the conventional narrative of spending on its head.
Seamless Payments, Seamless Rewards
ZilMoney.com takes pride in facilitating a seamless payment experience, ensuring you can use your credit card anytime, anywhere, and on any device. With easy-to-use features and state-of-the-art security systems, making payments with your credit card is as simple as possible. Moreover, every seamless payment you make puts you on the fast track to earning more rewards and enjoying more benefits.
$50B+
In total transaction volume
22K+
Connected banks & financial institutions
20K+
Monthly business users
1M+
Total users, and growing
The Gift that Keeps on Giving
What sets ZilMoney.com apart is its commitment to offering you continuous value. Every transaction is an opportunity to gain more, and the platform ensures you seize every one. With benefits beyond just points and rewards, the software aims to give you more than just a credit card service. The comprehensive program covers diverse categories of benefits, including exclusive discounts, priority services, and tailored experiences.
Why Zil Money!
A technology-first approach to payments and finance
Easy to Access
High Security
Easy Payment
Security and Confidence with Zil Money
Using credit cards comes with an added layer of protection against fraudulent activities. ZilMoney.com’s robust security protocols provide a safe environment for your transactions, offering an extra layer of security on top of your credit card provider’s protections. So, whether you’re shopping or making payments, you can do so with confidence, knowing that your transactions are secure while racking up those valuable rewards.