Here is an instant messaging exchange from last night which may assist anyone trying to decide between a wide selection of business credit cards with cash back.
[23:53] DoNotBlink: Hi there!
[23:53] DoNotBlink: Was reading your blog and hoped I could ask you a quick q?
[23:54] Flexo CC: hi, what’s up?
[23:54] DoNotBlink: Hi, hope im not bothering you… just has a quick q about this post
[23:55] Flexo CC: ok, i’ll try to answer
[23:56] DoNotBlink: Why is your first choice the discover card? Compared to the AMEX Simply Cash which gives 5% on gas, office supplies and wireless… the discover only gives 5% on office, and only 2% on gas… also it has a higher APR?
[23:58] Flexo CC: That’s a good question. The APR is irrelevant to me since cards are paid off before interest is accrued, so that doesn’t factor. Looking at the details I wrote, it looks like the SimplyCash might be better — I don’t remember if either card has a cash back yearly limit, so that might have been the factor I was considering when I wrote the post. Unfortunately, I didn’t list any limits in the post.
[23:59] DoNotBlink: Right, APR shouldnt matter =) but as you said it does look like AMEX would have been a better choice, right?
[23:59] Flexo CC: Yeah, more options for 5% would make that card better.
[00:01] DoNotBlink: OK then, SimplyCash it is… thanks for your time!
[00:01] Flexo CC: yeah, I was just checking…
[00:01] DoNotBlink: Oh…?
[00:02] Flexo CC: the discover card is limited… 5% of the first $2,000 spent in each category
[00:02] Flexo CC: simplycash does not list any limits
[00:02] Flexo CC: so simplycash it is.
[00:02] DoNotBlink: Then it would seem far and away the better choice…
[00:02] Flexo CC: good catch, thanks!
[00:02] DoNotBlink: no, thank you, for your time!
[00:02] Flexo CC: no problem. have a good night.
[00:03] DoNotBlink: Well, im in Hong Kong for vacation, so its good morning =)
[00:03] Flexo CC: in that case, have a great day!
[00:04] DoNotBlink: =)
I don’t get that many questions via instant messenger, so it was a nice surprise. If you have anything you want to ask me about anything I’ve written, just contact me through email or instant messenger. I don’t really give financial advice as I’m not a professional, but I’m always interested in talking about what I’ve written on Consumerism Commentary. I particularly like when someone brings something to my attention that I might have missed, like last night’s reader did.
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