The Town of Milton, Vermont is considering moving more of our purchases to a credit card with a cash back percentage. Most cards we looked at have either 1.5% or 2% cash back. Can anyone provide feedback if their community has done/does this and how well it works or any challenges encountered?
We are a community of 10,500 with about $6.5 million general fund and $2 million enterprise funds. We currently use a credit card for some purchases but there is no cash back and we only put about $7,000-10,000 per year on it. We have identified at least $300,000 in expenses that could be charged to a credit card and get 1.5/2% back on.