Mastering Credit Card Rewards for Business Owners With Colin Stroud

The Prosthetics and Orthotics Podcast

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Credit card rewards expert Colin Stroud reveals how O&P practice owners can transform regular business expenses into valuable rewards through strategic credit card usage. He explains the mechanics behind credit card rewards systems and how business owners can maximize returns on spending they would do anyway.
• Single practitioner O&P clinics typically spend $15,000-$20,000 monthly on components
• Larger clinics can spend $100,000-$200,000 monthly, generating substantial reward potential
• Credit cards offer both cash flow advantages and rewards generation simultaneously
• Cash back options typically max out at 2-2.5% return on spending
• Points-based flexible currencies can yield 5%+ returns when redeemed strategically for travel
• Rewards are considered rebates rather than taxable income
• Multi-owner practices can divide points proportionally among partners
• LinkedIn content marketing has driven Colin's entire business growth without paid advertising
• The "arbitrage opportunity" of points redemption delivers significantly higher value than cash back
Visit Colin on LinkedIn (Colin Stroud - with one L) or at gosomewhereworld.com to access his free newsletter and guides on maximizing credit card rewards.

Special thanks to Advanced 3D for sponsoring this episode.

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1. Welcome to Season 12 (00:00:00)

2. Introduction to Colin Stroud (00:29:00)