Business Credit Cards

What is a business credit card?

For any size business, business credit cards feature many useful benefits for making business purchases and making travel arrangements. Some cards offer cash back incentives on purchases such as fuel, and office supplies. Other offers include the ability to earn bonus airmile points.

What are the benefits?

One of the biggest benefits of using a business credit cards is the ability to track purchases and keep accurate records. Using a business card also keeps your personal credit history separated from your business credit. Business owners who have employees can authorize them to use a company card, which facilitates the tracking of employee expenditures.

When shopping for a business credit card, compare the different offers, incentives and travel rewards that vary widely. Some cards offer additional perks such as imprinting your company's name on the credit card, no pre-set spending limits, and online account management.

Using a business credit card can help you run your business, track purchases and keep records more efficiently.

What are the negatives?

Businesses that make purchases from foreign companies should also be aware of the fees that credit card companies can charge for making foreign exchanges.