I wrote this guide to help founders get the most from their business and personal spending. As a founder, money has always been tight, but setting up simple systems for my business and personal spending has allowed me to travel the world for free, reward employees, and reduce our company’s burn.
Unfortunately, this guide only works for US credit cards that are issued to people with US Social Security Numbers. Many of the best cards require a fairly high credit score. If you don’t have an established credit history because you’re young or recently arrived to the US, scroll to the bottom for some tips or send me an email and I’ll do my best to help.
See you at the airport!
Spencer, YCs19
<aside> ❓ Questions, feedback, or want to schedule a free consultation call to make sure you’re getting the most from your credit card spend? We have a small team of experts that can help you set up and run these systems.
[email protected] || 412-436-9760 || calendly.com/spencerburleigh
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<aside> 💡 TLDR:
If you don't already have some cards that earn points I'd start with a travel card that has some benefits (Chase Sapphire Reserve or Amex Platinum), and then a ~2% back card like the Venture X.
All these cards have big signup bonuses that will get you a free business / first class ticket after spending $3-$5k.
You can sign up for business credit cards too. I typically do one business and one personal card every 6 months.
If your business spends a lot (>$10k / year) in any special category like online ads, postage, or office supply stores it makes sense to get a card that gives you bonuses for those categories
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If you and your company spend a lot of money on credit cards, you should be earning at least 2% of that spend back in the form of cash back or miles. Using the right credit cards can also have benefits for you and your employees such as: