Parents starting a stall in primary school canteen; which credit card would be best for their use for the stall?

I always like amex true cashback card for general spending without having to worry about MCC. But many places don't accept amex.

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Another card I can think of to pay bills on AXS will be chocolate finance's chocolate card.

Are your parents looking for cashback or miles or rewards points?

Starting a school canteen business is an exciting venture - but I've seen too many families focus solely on day-to-day operations while missing crucial opportunities to build stronger financial foundations.

The credit card question is a perfect example. While it seems straightforward, it often reveals deeper considerations about how we structure business finances for long-term success.

For school canteen operations, I recommend the UOB Business Credit Card for several practical reasons:

• 3.5% cashback on utilities and telco bills
• Up to 2% rebate on groceries
• No minimum spend requirement
• Competitive annual fee ($200, waived first year)
• Strong relationships with school canteen suppliers

But here's what many miss - the card choice is just one piece of a larger puzzle. Consider:

1. Keep your business and personal finances separate. Set up a dedicated business account for your stall. This isn't just about staying organized - it's about protecting your family's assets.

2. Work with your cash flow, not against it. School canteens have unique revenue patterns following the academic calendar. Align your credit card payment dates with when money actually comes in.

3. Build a safety net. The most successful canteen operators I work with maintain a 3-month expense buffer. This isn't being overly cautious - it's smart business planning that helps you weather unexpected challenges.

4. Use your data wisely. Good record-keeping goes beyond basic requirements. Your transaction records are valuable data that can help you spot opportunities to grow your business.

Many think business credit cards are all about rewards points. While those matter, the real value is how your card fits into your broader financial strategy - from supplier relationships to building business credit.

If you're interested in more insights about building financially sustainable family businesses, I share regular tips on Instagram (@ngooooied). My focus is helping Singapore business owners build strong foundations that support both business growth and family goals.

Remember - picking the right card matters, but it's how you use it strategically that makes the difference.

UOB for fuss free