Do You Earn Rewards on Business Insurance?
How business insurance codes
A business insurance premium rings up under an insurance category code, outside the usual bonus buckets like dining and travel, so most cards earn their base rate. It is treated much like personal coverage, covered in paying insurance with a credit card. Some insurers only accept ACH or check, or add a card surcharge, so confirm the payment method.
Why use a business card
Even without a bonus, putting business insurance on a business card keeps the expense cleanly separated for taxes and bookkeeping, and it counts toward that card’s welcome bonus and spending. For a business paying large annual premiums, that welcome-bonus opportunity is usually worth more than the base earning rate, similar to other business expenses.
The best card for premiums
Since there is no insurance bonus, a strong flat-rate business card earns the most, or any flat-rate card if you do not have a business card. Run your spending through the rewards calculator and see options in best cash back cards.
Frequently asked questions
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