The Best Credit Cards for Sneaker Resellers: 2% Cash Back or 2x Points?
The best credit cards that you will read about in this article will help you to earn more at the same time make transactions safe and reliable.
Sneaker reselling can be a lucrative business, but the age of easy big flips is coming to an end and we̵7;re entering into a new era of in-store bulk buys and general bulk buying of Nike Dunks and Jordan 1’s with small profit margins per pair. However, most of these purchases can be done with a credit card.
Using a credit card that offers cash back or reward points on purchases is one way to increase your earnings. But, with so many credit cards to choose from, how do you pick the best one for your sneaker reselling business? We’ll look at two options in this article: a 2% cash back card and a 2x points earning card.
Best credit cards with 2% cash back.
A 2% cash back card is an excellent choice for sneaker resellers who prefer simplicity and want to earn cash back on all purchases. These cards typically offer 2% cash back on all purchases, with no restrictions on what you can buy. This means that whenever you make a purchase, you will receive 2% of the purchase price back in cash.
The Capital One Spark Cash Card, the Citi Double Cash Card, and the PayPal Cashback Mastercard are three of the best 2% cash back cards for sneaker resellers. The annual fee for the Spark Cash Card is $95, whereas the Citi Double Cash and PayPal Cashback cards have none. All three cards provide simple cash back rewards and additional benefits such as fraud protection and extended warranties. In addition their earning method is simple, you earn 2% back and thats it, you don’t have to think anymore beyond this and focus on sneaker reselling rather than getting the best deal out of your points.
Cards that earn 2x points
A 2x points earning card may be a better option for sneaker resellers who enjoy travel and want to earn more than 2% cash back “value” by transferring points to airline and hotel partners. These cards typically offer 2x points on all purchases with no restrictions on category. This means that every time you make a purchase, you’ll earn two points for every dollar you spend.
Some of the best 2x points earning cards for sneaker resellers include the Capital One Venture, Venture X, and American Express Blue Business Plus. The annual fee for the Venture and Venture X cards is $95, while the Blue Business Plus card has no fee. All three cards allow you to redeem points for travel-related expenses or transfer them to airline and hotel partners.
Which is the Best Credit Card For Reselling? It Depends
When deciding on the best credit card for your sneaker reselling business, keep your spending habits and goals in mind. A 2% cash back card, such as the Capital One Spark Cash, Citi Double Cash, or PayPal Cashback, may be the best option for you if you want to earn cash back on all purchases with no category restrictions. This limits headaches
If you value reward points and prefer travel-related benefits, such as being able to fly business class by transferring to partners, or stay at nice hotels a 2x points earning card such as the Capital One Venture, Venture X, or Blue Business Plus may be a better fit. You may be able to get more than 2% cash back “value” in the form of free flights, hotel stays, and other travel-related benefits by transferring points to airline and hotel partners.
Finally, the best credit card for your sneaker reselling business will be determined by your specific needs and objectives. You can make an informed decision and maximize your profits as a sneaker reseller by comparing the features and costs of each card.
Learn more about sneaker reselling and leverage the use of credit cards to profit more.
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