The business credit card rewards calculator helps business owners estimate the rewards they could earn in a month. The calculator bases its results on the spending inputs and industry averages for fixed-rate and category bonus rewards cards. Actual rewards will depend on your card issuer’s program.
How to Read Your Business Credit Card Rewards Calculator Results
You can use this business credit card rewards calculator to learn the following:
- How many business credit card rewards you can earn: Owners can earn up to 5% in rewards from their business purchases; how much you earn depends upon the type of credit card you choose, that card’s rewards program and what you’re purchasing; some cards offer bonus rewards when you make purchases in certain categories like travel
- Whether cash back, points or miles are best: Sorting out redemption options is one way for you to find the best small business credit card; cash back credit cards allow redemptions for statement credits or bank deposits. Redemption on points- and miles-based cards often is higher when used for travel like airfare or hotel stays
- Whether fixed-rate or category rewards are best: The best fixed-rate cards offer 2% rewards on all spending, while category cards offer rewards of up to 5% on certain categories like office supplies; while category rewards cards pay higher on certain spending, their noncategory rewards tend to be low, typically around 1%
- Next steps: Once you’ve learned which type of small business credit card will help you maximize your credit card rewards, you should compare cards to find the one best for you; you can start by visiting the Fit Small Business Credit Card Marketplace, where you can compare the costs, rewards, and benefits of dozens of small business credit cards
How the Business Credit Card Rewards Calculator Works
The business credit card rewards calculator is used to estimate how many rewards you could earn in a month based on your company’s spending. The calculator bases its results on the amounts you input for certain spending categories, like airfare, restaurants, and telecommunications services.
Once you input your monthly spending in different categories, the calculator will project your total anticipated monthly rewards. You’ll be able to see how your rewards may change on different types of rewards cards — including fixed-rate cash back, category points and airline miles cards — and decide which type of card is best for you.
Business Credit Card Rewards Calculator Inputs
To get the most accurate results from the business credit card rewards calculator, you will need to provide several inputs based on your typical monthly spending. You can find how much you spend on travel, office supplies, dining, and other spending on your credit card and bank statements. These factors are then used to calculate your total anticipated monthly rewards based on different types of business rewards credit cards.
Keep in mind: Many credit cards cap the amount you can spend annually and still receive bonus rewards. Many cards set spending caps between $25,000 and $50,000. When shopping for a new card, take note whether a card has category spending caps and consider whether your annual budget for that category exceeds the cap. You’ll typically earn 1% cash back or 1x points on all spending above the cap.
Help determine which type of business credit card best suits you by adding up your monthly spending for the following:
Airfare, Hotels & Other Travel
You should add up your monthly travel spending for this input. For the purposes of this calculator, travel can include airfare and hotels as well as car rentals, rideshares, toll bridges and highways and parking lots. Some business travel rewards credit cards pay bonus points or miles for some or all of these purchases. The highest reward in this category is 5x points or miles per dollar spent.
Office Supplies & Advertising
For this input, calculate your monthly spending at office supply stores and internet advertising purchased from websites like Facebook and Google. A few small business credit cards offer bonus rewards in both of these categories. You should be able to find numerous cards that offer rewards in at least one of these two categories. The highest reward in this category is 5% cash back or 5x points.
Restaurants & Gas Stations
Many business credit card rewards programs offer bonus rewards on dining out and on gas station spending. When you add up your monthly spending, remember to include any purchases you make inside the gas station convenience store. As for dining, small business credit cards may offer bonus points for more than restaurants. Calculate your spending at bars, coffee shops, and food delivery services. The highest rewards are 4% cash back or 4x points.
Calculate how much you spend each — and put on a credit card — on internet, cable and telephone services each month. You should include both landline and cell phone service payments. Telecommunications equipment purchases, like mobile phones or telephone systems, don’t count. The highest rewards rate in this category is 5% or 5x points.
Other Credit Card Expenses
You should calculate all of your other credit card expenses here. This number should include all of the things that didn’t fit into one of the above categories. Small business credit cards will pay between 1% and 2% on non-category spending, depending on the type of card. Card issuers typically place no caps on the amount of noncategory rewards you can earn in a year.
Business Credit Card Rewards Calculator Outputs
After you complete the business credit card rewards calculator inputs, the calculator estimates your total anticipated monthly rewards. You’ll see five estimates, each based on a different type of credit card reward program. The different types of rewards are fixed-rate cash back, category cash back, fixed-rate points, category points, and airline miles.
Use these outputs to determine the best type of credit card for you based on your spending habits. Then sort and compare credit cards by reward type on the Fit Small Business Credit Card Marketplace. You can toggle rewards card types by checking one of the boxes under “rewards” along the left-hand side of the page.
Outputs results will show you how much you could earn in a month with different types of rewards cards.
Fixed-rate Cash Back Rewards
The fixed-rate cash back rewards output displays the total anticipated monthly rewards assuming you put all of your credit card spending on a fixed-rate cash back card. We arrived at the calculation by adding up your total monthly expenses and multiplying that figure by 2%, the highest fixed-rate cash back rewards available. Your return will be less than this estimate if you choose a card that offers a fixed rate of less than 2%.
Category Cash Back Rewards
The category cash back rewards output displays the total anticipated monthly rewards if you put your credit card spending on multiple category cash back rewards cards. We calculated this total by adding up all of your expenses on the input page and multiplying them by the highest possible rewards percentage for each category.
Keep in mind that since no single card offers the highest category rewards in all categories, you would need to open multiple cards to achieve the rewards estimate on this output. To get a more realistic estimate, consider entering your expenses in the category in which you spend the most and entering all other spending in the “other” input. This output will show you how much you can earn per month with a card that focuses primarily on your highest spending category.
Fixed-rate Points Rewards
The fixed-rate cash points rewards output displays the total anticipated monthly rewards assuming you put all of your credit card spending on a fixed-rate points card. We arrived at the calculation by adding up your total monthly expenses and multiplying that figure by 2x points, the highest fixed-rate points rewards available. Your return will be less than this estimate if you choose a card that offers a fixed rate of less than 2x points.
Keep in mind that redemption rates on points rewards credit cards are not as transparent as they are on cash back credit cards. Depending on how you redeem your points — for travel, as an example — 2x points don’t necessarily equal a 2% return. The redemption rate could be higher or lower based on the issuer and how you choose to redeem your points.
For example, some issuers may value a point at one cent each when redeemed for cash or gift cards, but worth 1.25 cents when redeemed for travel through their website. So, in this case, 2x points would be equal to a 2.5% return when redeemed for travel.
Category Points Rewards
The category points rewards output displays the total anticipated monthly rewards if you put your credit card spending on multiple category points rewards cards. We calculated this total by adding up all of your expenses on the input page and multiplying them by the highest possible points awarded for each category.
Keep in mind: As with category cash back rewards cards, no single card offers the highest category rewards in all categories. To get a more realistic estimate, consider entering your expenses in the category in which you spend the most and entering all other spending in the “other” input. This output will show you how many points you can earn per month with a card that focuses primarily on your highest spending category.
Airline Miles Rewards
The airline miles rewards output displays the total anticipated monthly rewards if you put your credit card spending on multiple airline miles rewards cards. We calculated this total by adding up all of your expenses on the input page and multiplying them by the highest possible points awarded for each category.
Airline miles rewards cards tend to offer lower rewards in each category than other types of credit cards. Even so, your redemption rates may be higher than with other types of cards. This means you shouldn’t compare the raw number of miles rewards you’d earn versus points rewards. When it comes to redemption rates, this may not be an equal comparison.
You’ll need to visit the airline’s rewards program website to determine how many miles you’ll need for a free flight. Divide the number of miles by the cost of a flight if you paid with cash or a credit card to arrive at the redemption rate per mile.
When & How to Use the Business Credit Card Rewards Calculator
The business credit card rewards calculator is helpful in finding a rough estimate of your monthly rewards using a small business credit card to pay for your purchases. This is because when you input your spending, the outputs show what your spending may be worth. Use the results to help search for the type of credit card that will reward you the most. For more information, read our article about the best small business credit cards.
What’s Not Included in the Business Credit Card Rewards Calculator
This business credit card rewards calculator should be a starting point in your search for your next small business credit card. It doesn’t calculate the value of introductory rewards or card features, like free access to airport lounges. These card benefits could significantly increase the value of a card — and may be worth more than the ongoing rewards themselves. You should investigate all aspects of a credit card, including annual fees and ongoing APR, before deciding.
This business rewards calculator also estimates your potential earnings if you received the top return in each spending category. No small business credit card offers the best rewards in all categories. To achieve your maximum return, you would have to open up multiple cards — being careful to determine the cards with the highest category rewards. Then, you would have to divide your spending across cards to ensure you always capture the higher rate.
Pros & Cons of Business Credit Card Rewards
Our business credit card rewards calculator will help you figure out how much you can earn in rewards. Even so, there are many pros and cons of business credit card rewards to consider. When making a decision, you’ll want to consider more than how many rewards you can potentially earn. You’ll also need to look at annual fees as rewards cards tend to carry higher annual fees than other credit cards, and ongoing APRs.
Pros of Business Credit Card Rewards
The biggest pros of business credit card rewards include:
- Big introductory rewards: Besides the ongoing rewards for your spending, you may qualify for hundreds of dollars — or thousands of points — as a sign-up bonus; you’ll have to meet spending requirements over the first couple of months to qualify
- Ability to put money back into your business: Consider rewards programs as a way to get a discount on the goods and services you purchase for your business
- Free benefits: Business credit card rewards cards also may offer additional perks that can save your business money, like cell phone warranties, free rental car insurance, and travel discounts
Cons of Business Credit Card Rewards
The biggest cons of business credit card rewards include:
- High annual fees: Business rewards credit cards may charge annual fees while cards that don’t offer rewards typically do not; if your rewards credit card charges an annual fee, expect to pay $95 or more; the highest annual fee on a rewards credit card is $595
- High APRs: To pay for benefits, some rewards credit cards charge higher annual fees than non-rewards cards; expect to pay between 13% and 25% APR on rewards credit cards; some nonrewards cards charge 10% APR or less; if you tend to carry a balance, consider a low-interest credit card
- More work is required: Rewards credit cards will require more of your time than nonrewards cards; even if you have a simple fixed-rate cash back card, you’ll need to redeem those rewards; other rewards programs are more complex and will require more of your time
If the pros of business credit card rewards outweigh the cons, then your next step is to choose a card that’s right for your business. If the cons outweigh the pros, it’s time to look to alternatives.
Alternatives to Business Credit Cards with Rewards
If, after using our calculator, you decide that business credit card rewards aren’t your top priority in selecting a new card for you, there are several alternative types of credit cards to consider.
Alternatives to business credit cards with rewards are:
- 0% APR credit cards: This type of credit card is best if your business needs to finance purchases over time or if you would like to transfer a balance from a high-interest card; the best 0% APR cards include 12 months or more of free financing
- High limit credit cards: This type of credit card is best if your business has thousands or tens of thousands of credit card expenses each month; many high limit cards offer no preset spending limit, but you’ll need a credit score of 750 or more to qualify
- Credit cards for Amazon spending: This type of credit card is best if your business frequently shops with the online retailer; you may be able to earn discounts or extra time to pay your credit card bill without incurring interest
This business credit card rewards calculator is designed to help you determine the best kind of rewards credit card for you based on your spending. By categorizing and inputting your monthly spending, you should be able to broadly determine which type of card will offer the most rewards. You then can search for the right kind of card in the Fit Small Business Credit Card Marketplace.