How About Credit Card Savings Plans for Small Web Businesses?

August 7, 2007

What about the little guys on the web?  Why can’t we get savings on services we actually use? 

Credit Card Savings Plans
I’ve mentioned before I’m using my business credit card to build a credit history even though it doesn’t offer cash back rewards. I was hopeful when I heard my bank was offering the MasterCard BusinessCard with a rewards program but was disappointed to discover the plan was only the MasterCard Easy Savings, saving 10 – 20% at select merchants, not the cash back rewards I was looking for.

I checked out the participating companies and was frustrated to see I didn’t do business with any of them.  The merchants fell into the following categories:

  • Airlines
  • Hotels
  • Car Rentals
  • Business Services
  • Print & Shipping

No Savings for Me
One of the nice things about a home web-based business is that you don’t have to fly all over the country to meet clients, work with partners, and make deals. That knocks out any business credit card savings from airlines, hotels, car rentals.

The business services consist of things like staffing, payroll, and human resource software, again things my one-person Web business does not need.  I do quite a bit of shipping for my eBay business but it is all through UPS or the Postal Service, not the express shipping vendor the savings program uses.

Web Businesses Savings Plan
I propose a financial institution come up with a credit card savings plan for small Web businesses that includes services we actually use.  They could offer discounts with domain registration and Web hosting companies or I would love to save even a few percent on payment processing. How about partnering with a company like Elance so we could get rebates on a wide variety of services such as web design, application development, copywriting, search engine optimization, and more?

I suppose if there was money to be made banks would have already pursued something along these lines and I am sure there are logistical issues.  However, as the number of netrepreneurs continues to grow maybe there would be a market for small web business credit card savings plans.  Not to be greedy but of course I’d want it to be a cash back card as well. 🙂


Will this article help you save or earn more money? Get others like it simply by entering your email address below. Your email is used only for delivering daily money tips and you can opt out of delivery at any time. Click here to see all your free subscription options.


Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

All posts by


3 Responses to How About Credit Card Savings Plans for Small Web Businesses?

  • Chris Howard

    thanks for the great information 🙂

  • The Digerati Life

    Haha, I almost worked at Elance. They gave me an offer but I nixed it because it involved too much traveling. Thank goodness! 🙂 Nice suggestions here !

  • Mr Credit Card

    Unfortunately, stay at home business (especially internet folks) is still way under the radar. I cannot imagine “corporate folks” even remotely thinking about this idea! And elance! ha ha! forget about it.