Zil Money is a financial technology company, not a bank. Zil Money offers banking services through partnership with FDIC member banks Silicon Valley Bank and Texas National Bank.
- Better Cash Flow!
- Tax Breaks!
- More Rewards!
- Happy Employees!
- Better Cash Flow!
- Tax Breaks!
- More Rewards!
- Happy Employees!
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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.
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:Â The cash float period allows you to strategically utilize your capital for other pressing needs or investment opportunities.
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.
Instant Funds for Business Payments
Charge your credit card through Zil Money and receive funds in your business account. Pay employees on time with ACH or wire transfers.
Learn To Fund Payroll By Credit Card See The Interactive Demo
Smart Spending with Extra Benefits
Pay employees with your credit card and gain valuable cashback, rewards, and travel points. Enjoy extra financial benefits without extra effort.
Why Zil Money!
A technology-first approach to payments and finance
Easy to Access
High Security
Easy Payment
Keep Your Business Financially Strong
Pay on time without depleting cash reserves. Credit card funding allows businesses to use the float period for better financial management and future investments.
Turn Fees into Tax Savings
Reduce your tax burden by deducting credit card fees as a legitimate business expense. Keeping track of these costs ensures you maximize your savings each tax season.
FREQUENTLY ASKED QUESTIONS
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