Spend Leverage
2025 Edition

The Spend Leverage Handbook

The Business Owner's Complete Guide to Turning Everyday Spend into Free Travel, Cash Back, and Hidden Profits

Turn every dollar you spend into a dollar that works harder.

Table of Contents

Chapter One

The $10,000 Problem

Why most business owners leave a small fortune on the table every year — and how to stop.

Let's start with a number: $10,000.

That's a conservative estimate of what the average small business owner leaves on the table every single year by not optimizing their business credit cards.

Not because they're spending money they shouldn't be spending. They're already spending the money. On supplies. On software. On advertising. On travel. On payroll services. The money is already going out the door.

The difference between a business owner who earns $10,000+ in free travel and cash back every year and one who earns nothing is not how much they spend. It's which card they swipe.

$84K
Avg. annual business spend for a $7K/month company
10–20x
More value with optimized cards vs. basic card
$15K+
First-year value potential with full strategy

The Math Is Embarrassing

A business owner spends $3,000/month on advertising, $2,000 on supplies, $1,000 on software, $500 on travel, $500 on shipping. That's $7,000/month — $84,000/year in business spend.

Basic card earning 1x: $840/year in value.
Optimized strategy with category bonuses: $8,000–20,000+/year in travel value.

Bottom Line

"The best business owners I know aren't smarter than everyone else. They just make their money work harder — including the money they were already spending."

Who This Is For

This guide is for business owners who spend at least $3,000/month on their business, want to travel more without paying out of pocket, and are willing to spend 2–3 hours setting this system up once.

This is NOT about gaming the system. Everything in this guide is legitimate, widely used, and works long-term. Let's get into it.

Chapter Two

The Foundation

How business credit card points actually work — the 10-minute version that makes everything else click.

The Three Currencies

1. Cash Back

The simplest form. You spend a dollar, you get 1–2 cents back. No complexity. Capped at ~2% return, which is fine but not exceptional.

2. Proprietary Points

Points that live inside a bank's ecosystem — Chase Ultimate Rewards, Amex Membership Rewards, Capital One Miles. These are the most powerful because of their flexibility. Redeem through the portal at 1–1.5 cents, or transfer to airline/hotel partners for 2–5+ cents per point.

3. Co-branded Points

Points that earn directly with an airline or hotel — Delta, United, Marriott. Less flexibility, but powerful for loyalists.

Key Principle

For most business owners, proprietary points (Chase, Amex, Capital One) are the sweet spot. Maximum flexibility without locking you into one brand.

How the Math Works

Every card has a base earn rate and category bonuses. Chase Ink Preferred earns 3x on advertising. Spend $1,000 on Google Ads → 3,000 points instead of 1,000. At 2 cents per point via transfer partners, that's $60 from a $1,000 spend — vs. $10 with a basic card.

Annual Fees: Do the Math

The Amex Business Gold costs $295/year but earns 4x on your top two categories. For a business spending $5,000/month on advertising, that 4x vs. 1x difference generates $430–720+ in annual travel value. A profitable trade every time — when you run the math.

Chapter Three

The Best Cards in 2025

Cut through the noise. Here are the only business credit cards worth your attention.

Chase Ink Business Preferred®
Chase Ultimate Rewards
$95/year
Sign-Up Bonus
90,000 Ultimate Rewards Points
After $8,000 spend in first 3 months — worth $900–$2,700+
Travel 3x
Shipping 3x
Advertising (social media, search) 3x
Internet, cable, phone 3x
Everything else 1x

Why It's Exceptional

The 3x categories hit every major business expense. The sign-up bonus alone is worth $900–$2,700+ depending on redemption. At $95/year, this is the most valuable business card for the cost available.

Best for: Most business owners — apply this first
Chase Ink Business Cash®
Chase Ultimate Rewards (as points)
$0/year
Sign-Up Bonus
$750 Cash Back (75,000 Points)
After $6,000 spend in first 3 months
Office supply stores 5%
Internet, cable, phone 5%
Gas stations & restaurants 2%
Everything else 1%

Why It's Exceptional

5% on office supply stores is a sleeper — Staples and Office Depot sell gift cards for vendors you already use. Route spend through there for 5% on categories that wouldn't normally qualify. Zero annual fee makes it a forever keeper.

Best for: Office supply and telecom spend — essential companion card
Chase Ink Business Unlimited®
Chase Ultimate Rewards (as points)
$0/year
Sign-Up Bonus
$750 Cash Back (75,000 Points)
After $6,000 spend in first 3 months
All purchases — unlimited, no categories 1.5x

Why It's Exceptional

The best flat-rate business card available. No categories to track — everything earns 1.5x. Your catch-all card for anything that doesn't hit a bonus category elsewhere.

Best for: Catch-all card — everything that doesn't fit a category
Amex Business Gold Card®
Amex Membership Rewards
$295/year
Sign-Up Bonus
100,000 Membership Rewards Points
After $15,000 spend in first 3 months — worth $1,500–$4,000+
Top 2 spend categories (auto-selected monthly) 4x
Everything else 1x

Why It's Exceptional

The automatic 4x categories cover advertising, shipping, restaurants, gas, wireless, and more. If your biggest expenses hit two of these, this card earns more than any other for that spend. $295 fee typically paid back within 2–3 months for active businesses.

Best for: High ad/restaurant/shipping spend — 4x is best-in-class
Amex Business Platinum Card®
Amex Membership Rewards
$695/year
Sign-Up Bonus
150,000 Membership Rewards Points
After $20,000 spend in first 3 months — worth $2,250–$7,500+
Flights & prepaid hotels (Amex Travel) 5x
Purchases of $5,000+ (up to $2M/year) 1.5x
Everything else 1x

Why It's Exceptional

Key benefits: $200 airline credit, $400 Dell credit, $150 Adobe credit, Global Entry/TSA PreCheck, Priority Pass lounge access, Fine Hotels & Resorts. Benefits easily exceed $1,000+ in annual value for frequent travelers.

Best for: Frequent business travelers who will use the credits and lounges
Amex Blue Business Plus®
Amex Membership Rewards
$0/year
All purchases (up to $50,000/year) 2x
All purchases above $50,000 1x

Why It's Exceptional

Best no-annual-fee card for earning Membership Rewards. 2x flat on everything — best free catch-all if you're in the Amex ecosystem.

Best for: Amex ecosystem catch-all — keeps fees at zero
Capital One Venture X Business
Capital One Miles
$395/year ($95 net)
Sign-Up Bonus
150,000 Miles
After $30,000 spend in first 3 months — worth $1,500–$3,750+
Hotels & rental cars (Capital One Travel) 10x
Flights (Capital One Travel) 5x
All other purchases 2x

Why It's Exceptional

Net cost after $300 travel credit = $95/year. Includes 10,000 anniversary miles, Priority Pass membership + Capital One lounges, no foreign transaction fees. Best 2x flat-rate card with transfer partners.

Best for: Travelers + international spend + best 2x catch-all
Chapter Four

The Sign-Up Bonus Strategy

The fastest path to 400,000+ points in your first year.

Sign-up bonuses are the fastest way to accumulate points. We're talking 75,000–150,000 points for a single application — worth $750–$4,500+ depending on how you redeem.

The Fundamentals

Rule 1: Only apply when you can meet the minimum spend organically. Time applications around large natural spend events: Q4 inventory, trade shows, annual software renewals, big ad campaigns.

Rule 2: One card at a time — unless your spend exceeds $8,000–10,000/month, in which case you can run two applications 2–3 months apart.

Rule 3: Chase 5/24 Rule — Chase won't approve most cards if you've opened 5+ personal cards in the last 24 months. Apply for Chase cards first.

The Optimal Application Sequence

MonthCardBonus
Month 1Chase Ink Business Preferred90,000 UR
Month 4Chase Ink Business Cash75,000 UR
Month 7Amex Business Gold100,000 MR
Month 10Capital One Venture X Business150,000 miles
Month 13Amex Business Platinum150,000 MR
Year 1 Projection

415,000+ points/miles from sign-up bonuses alone. At 1.5 cents per point average: $6,225+ in travel value before you earn a single everyday spend point.

Chapter Five

Category Bonuses

Match every dollar of spend to the card that pays the most for it.

Spend CategoryBest CardEarn Rate
Advertising (Google, Meta)Amex Business Gold4x
Advertising (alt)Chase Ink Preferred3x
Office SuppliesChase Ink Cash5%
Internet / PhoneChase Ink Cash5%
ShippingAmex Gold or Ink Preferred4x / 3x
Restaurants / FoodAmex Business Gold4x
FlightsAmex Business Platinum5x
Hotels & Rental CarsCapital One Venture X10x
Everything elseVenture X / Amex Blue Plus2x

A business spending $10,000/month with optimized card assignment can earn 27,000+ points per month — vs. 10,000 on a basic 1x card. That's a $2,000–4,000/year difference in travel value on the exact same spend.

Chapter Six

The Employee Card Multiplier

The most underused lever in business credit card optimization.

Every major business card lets you add employee cards at no extra cost. Those cards earn points that go into your account.

5 employees × $2,000/month in business spend = $10,000/month flowing to your points balance. At 3x average: 30,000 bonus points per month from spend you were already incurring.

Employee Card Playbook

Step 1: Audit where your team spends (supplies, travel, client dinners?)
Step 2: Assign the right card to each employee based on their dominant category
Step 3: Set individual spending limits
Step 4: Watch the points accumulate

Real Example

A 12-person firm with employee cards across their team can generate 549,000+ points per year from employee spend alone — worth $8,235+ in travel value on spend they were already incurring.

Chapter Seven

Transfer Partners

The secret that turns 100,000 points into a $5,000 business class seat.

The Core Insight

Most owners redeem through the bank's portal at 1–1.5 cents per point. Transfer partners can return 3–6+ cents per point. That's a 3-4x multiplier on the exact same points.

Best Chase Transfers

PartnerRatioBest Redemption
World of Hyatt1:1Luxury hotels ($400–800/night for 15K–25K points)
United MileagePlus1:1Business class to Europe (80K–130K miles)
Virgin Atlantic1:1Delta One business class (50K–75K miles)
Singapore KrisFlyer1:1Singapore Business Class to Asia (~85K miles)
Air France Flying Blue1:1Europe business class — flash sales

Best Amex Transfers

PartnerRatioBest Redemption
ANA Mileage Club1:1Round-trip business to Japan/Europe (88K–140K miles)
Air France Flying Blue1:1Europe on multiple carriers
Delta SkyMiles1:1Delta domestic and international
Hilton Honors1:2Hotel nights globally

Best Capital One Transfers

PartnerRatioBest Redemption
Turkish Miles&Smiles1:1Lufthansa/United business class at low miles rates
Air Canada Aeroplan1:1Flexible Star Alliance award routing
Avianca LifeMiles1:1Star Alliance awards at low rates
Chapter Eight

Redemption Strategies

Not all redemptions are equal. Here's the tier list.

Redemption Tier List

Tier 1: Best (2.5–6+ CPP)

Business class international flights via transfer partners. Luxury hotels via Hyatt. Singapore, ANA, or Emirates first class for 300K+ point holders.

Tier 2: Good (1.5–2.5 CPP)

Economy international flights via transfer partners during high cash-price windows. Domestic flights on peak holiday routes. Mid-range Hyatt or Hilton stays.

Tier 3: Decent (1–1.5 CPP)

Travel through the Chase or Capital One portal at fixed rates. Better than cash back but not optimal.

Tier 4: Avoid (<1 CPP)

Statement credits (0.6–0.8 CPP), Amazon checkout (0.7 CPP), merchandise (almost always bad value).

The Business Class Insight

With 300,000–500,000 points per year (realistic on this strategy), you can take 2–4 round-trip business class flights internationally, annually, at near-zero out-of-pocket cost. That's $6,000–20,000+ in value from money you were spending anyway.

Chapter Nine

The Advanced Stack

How 3–4 cards working together multiply every dollar spent.

The Core Stack (Year 1 — $95/year)

The Expanded Stack (Year 2+)

The 4-Card Stack at $15K/Month

CardMonthly SpendPoints/Month
Amex Business Gold$5,000 (ads + restaurants)20,000 MR
Chase Ink Preferred$4,000 (shipping + internet)12,000 UR
Chase Ink Cash$1,000 (office supplies)5,000 UR
Venture X Business$5,000 (everything else)10,000 miles
TOTAL$15,00047,000+

Annualized: 564,000+ points/year from everyday spend. At 2 CPP: $11,280 in annual travel value from $180,000 in spend you were making anyway.

Chapter Ten

Your 90-Day Action Plan

Exactly what to do, in order. Stop reading. Start doing.

Week 1 Assessment
  • Pull 3 months of business expense statements
  • Categorize every expense by type (ads, shipping, software, travel, food, office, other)
  • Check your credit score and Chase 5/24 status
  • Identify your first card application target
  • Apply for Chase Ink Business Preferred (if under 5/24)
Month 1 Foundation
  • Consolidate all spend to new card — hit the sign-up bonus minimum
  • Add employee cards for team members who make business purchases
  • Set up AwardWallet to track points across all programs
  • Set up auto-pay for full balance on every card
Month 2 Optimization
  • Review first month's statement — are you hitting bonus categories?
  • Identify spend falling to 1x that should hit a bonus category
  • Research your first transfer partner redemption target — where do you want to go?
  • Apply for second card (Ink Cash or Ink Unlimited)
Month 3 Expansion
  • Two-card system fully operational
  • Plan Q4 application strategy
  • Check if you have enough points for a redemption — take the trip
  • Month 4: Apply for Amex Business Gold (if $3K+/month in 4x categories)
Appendix

Quick Reference

Card comparison, transfer partners, and minimum spend at a glance.

Card Comparison Table

CardAnnual FeeBest CategoryTop EarnSign-Up Bonus
Chase Ink Preferred$95Ads, Shipping, Travel, Internet3x90K UR
Chase Ink Cash$0Office supplies, Internet5%75K UR
Chase Ink Unlimited$0Everything1.5x75K UR
Amex Business Gold$295Top 2 auto categories4x100K MR
Amex Business Platinum$695Flights via Amex Travel5x150K MR
Amex Blue Business Plus$0Everything2x15K MR
Capital One Venture X Biz$395 ($95 net)Hotels (C1 Travel)10x150K miles
Brex$0Rideshare, Travel7xVaries
Ramp$0Everything1.5%N/A

Transfer Partner Quick Reference

Your PointsTransfer ToBest Use
Chase URWorld of HyattLuxury hotels ($400–800/night for 15K–25K pts)
Chase URUnited MileagePlusBusiness class to Europe (80K–130K miles)
Chase URVirgin AtlanticDelta One business class (50K–75K miles)
Chase URSingapore KrisFlyerSingapore Biz Class to Asia (~85K miles)
Amex MRANA Mileage ClubR/T business to Japan/Europe (88K–140K miles)
Amex MRAir France Flying BlueEurope business class — watch for flash sales
Capital OneTurkish Miles&SmilesLufthansa/United biz class at low rates
Capital OneAir Canada AeroplanFlexible Star Alliance routing

The Path Forward

Your business is already generating the spend. Now you know how to get paid for it.

Turn every dollar you spend into a dollar that works harder.

Spend Leverage
Disclaimer: Card terms, sign-up bonuses, and transfer partner rates change frequently. Verify current offers directly with card issuers before applying. This guide reflects conditions as of 2025 and is for educational purposes only. Always pay your full balance monthly — interest charges eliminate any points value immediately.