Visa Inc. has recently announced the launch of its revamped program, Visa SavingsEdge, aimed at providing more value to small businesses in the United States and Canada. The newly upgraded program offers a range of new features to assist small business owners in making smarter spending decisions and maximizing their savings.
Resilient Small Businesses
Small businesses have shown remarkable resilience in the face of economic challenges, with 77% of U.S. businesses anticipating revenue growth in 2024, reflecting the positive trends seen in 2023. This growth has also boosted confidence in the economic outlook, as 59% of surveyed small businesses in the U.S. express optimism about the future of the economy, a significant increase from 47% in 2023. To capitalize on this positive momentum and spur further growth, 64% of small businesses are planning to invest in cost-saving technology.
Enhanced Benefits
The updated Visa SavingsEdge program boasts a range of new offerings, including a revamped program website with enhanced functionality, hundreds of new merchant offers through Instant Coupons and Cashback Offers in various categories like travel, dining, electronics, and business services. Participating cardholders will now receive real-time notifications when they earn cashback on qualifying transactions, along with a convenient cash-back tracker to monitor their savings through the program.
Exclusive Savings for Small Businesses
Visa SavingsEdge offers exclusive discounts on eligible purchases at participating merchants for qualified Visa Business credit, debit, and reloadable prepaid cardholders in the U.S. and Canada. The program provides two ways to save: Instant Coupons, which can be redeemed at the point of sale without card-linking, and Cashback Offers, which deliver discounts as statement credits when cardholders link their eligible Visa Business card and make qualifying purchases. These discounts are applied as credits on future account statements, providing small business owners with valuable savings opportunities.
Overall, the enhanced Visa SavingsEdge program is set to empower small businesses with increased savings and benefits, enabling them to navigate the economic landscape more effectively. With a strong focus on supporting small business growth and success, Visa remains committed to providing innovative solutions tailored to the needs of entrepreneurs and business owners.