Reader Ruby’s Simple Business Earns Her Rewards That Let Her Hop the Globe!
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Welcome to the next installment of our Small Business Card Reader Success Series, where Million Mile Secrets readers share how they opened a small business credit card to get Big Travel with Small Money!
Small Business Card Interview: Ruby
A big thank you to Ruby for sharing her story!
Please introduce yourself and tell us a bit about your small business.
I’m Ruby and together with my husband, Peter, we own a rental property as well as a spare room in our house that we Airbnb. On top of that, we are also travel and personal finance bloggers. We try to keep our small businesses separate from our personal lives, so we mostly use the small business cards to isolate things out and just utilize the points we get from it.
Why did you decide on the card(s) you chose?
We decided on the Starwood Preferred Guest® Business Credit Card from American Express because we love staying in Starwood hotels, and the lounge access is a big perk that is connected to the card. It has the same $95 annual fee as the personal card (See Rates & Fees), so why not, if we’re going to use it for our travels.
From Chase, we decided to get the Southwest Rapid Rewards® Premier Business Credit Card. Once you reach a certain number of points, you’ll get the Southwest Companion Pass, which is also helpful for our personal travels because we only need to buy a ticket for 1 person (mostly Peter) and I can fly just by paying the taxes & fees.
Describe the application. ex. Did you apply as a sole proprietor with your social security number or some other way?
All the business cards are under my husband’s name. He used his Social Security Number to apply for the cards because our small businesses are also under his personal name. We were honest in our income and the number of employees that our small business hires (a grand total of 2 – me and him).
Approximately how much annual small business income did you list on your application? (Or if you’re not comfortable sharing that, which factors do you think lead to your applications being approved?)
We listed an estimate of what we are earning (around $10,000) – we put in our gross earnings, with a small buffer to include any vacancies that we have (since our business is real estate rentals). We’re still trying to earn some money off our blog, so that will have to be another thing altogether!
What would you tell someone who’s never applied for a small business card?
Make sure you do have a legitimate business (i.e. selling on the side or rentals, or even your blog) and that you are earning some cash out of your small business. You don’t want to lie to these credit card companies now that they’re getting more stringent when it comes to giving you credit.
Now the fun part! How do you plan to use your miles or points to get Big Travel with Small Money? 🙂
We plan to travel a lot more! Through our points and miles, we have been to several islands in the Caribbean, to Europe, back home to the Philippines, and a lot more! We just stockpile them up and whenever there’s a great redemption, that is our next travel destination!
Want to Share Your Story?
If you’d like to share your small business card success, please send me a note! Emily and I would love to hear about how it went for you!
For rates and fees of the SPG Business card, please click here.
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Chase Sapphire Preferred® Card
Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash’s subscription service. Activate by 12/31/21.
Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
Either $5 or 5% of the amount of each transfer, whichever is greater.
Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)