Many businesses take advantage of earning points and miles by using credit cards to pay for business expenses. Unfortunately, you can’t put payroll on a credit card. That’s where Payroll Rewards comes into play.

With Payroll Rewards, you can earn Amex Membership Rewards points just for paying your employees. If payroll is a big expense for you, this just might be the easiest way to earn points that can help you travel.

You can get more info on how the process works by visiting Payroll Rewards.

Calculate Your Earnings

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The Breakdown

$ Per Payroll Period

$1,000,000

1.88% Processing Fee

$18,800

35% Corporate Tax Rate

($6,580)

1.22% Net Effective Cost

$12,220

You Can Earn

1,000,000

Membership Rewards points per payroll period.
 

for a Net Effective cost of

 

$12,220

in after tax dollars

The information on this page has not been prepared by a tax professional or lawyer and is not meant to be financial advice. Please consult the appropriate professional about your personal situation.

What Can This Get You?

I often say that points are pointless if you don’t know how to use them. Since you’ll pay a small fee to use Payroll Rewards, it’s important to make sure you’re getting the most value you can out of your Membership Rewards points.

Let’s take a look at some examples of business and first class flights you can book by transferring Membership Rewards points to some of its airline partners.

[Photo Credit: SWISS]

Chicago to Zurich

Airline: SWISS
Class of service: Business class
Amex Transfer partner: Aeroplan


Estimated cash ticket: $4,000
Points required: 110,000 Aeroplan miles

New York (JFK) to Hong Kong

Airline: Cathay Pacific
Class of service: Business class
Amex Transfer partner: Asia Miles


Estimated cash ticket: $4,000
Points required: 85,000 Asia Miles

Los Angeles to Sydney

Airline: Qantas
Class of service: First class
Amex Transfer partner: Qantas Frequent Flyer


Estimated cash ticket: $8,000
Points required: 144,000 Qantas points

[Photo Credit: God Save The Points]

Singapore to New York (JFK)

Airline: Singapore Airlines
Class of service: Suites class
Amex Transfer partner: Singapore KrisFlyer


Estimated cash ticket: $6,500
Points required: 132,000 KrisFlyer miles

[Photo Credit: Virgin Atlantic]

Los Angeles to London

Airline: Virgin Atlantic
Class of service: Upper Class
Amex Transfer partner: Delta SkyMiles


Estimated cash ticket: $5,000
Points required: 86,000 SkyMiles

Washington DC to Tokyo

Airline: ANA
Class of service: First Class
Amex Transfer partner: Virgin Atlantic Flying Club


Estimated cash ticket: $20,000
Points required: 120,000 Flying Club Miles

Ready to Use Your Points to Book a Flight?

We get it. You have a lot on your plate as a small business owner. The last thing you want to do is spend hours of your time figuring out how to use your points to fly business and first class.

That’s where we can help. We offer an award booking service that takes the whole process off of your hands and put our knowledge to work for you. Let us know if you’d like us to book your next award ticket for you.