As a Business Owner, You Should Have a Credit Card
A business credit card is similar in most aspects to a regular consumer credit card. They have a similar application and approval process, the same rules apply about paying interest if your card has a balance, and they also affect credit ratings in very similar ways.
These business cards can offer low interest rates, different rewards programs, online account access and services that support you, the business owner. Their credit limit is often higher than a consumer's credit card.
If you are a typical entrepreneur applying for a credit card for your business, your personal credit history will be checked. This is because most small businesses do not have their own separate credit history, so as the owner, you are essentially personally guaranteeing the business card.
A business credit card allows you to keep track of business spending, as well as spending of employees. Because of this, a business credit card makes for an excellent tool for managing business expenses.
Quarterly and annual reports of spending is normally included with a business card. This helps you see where your money is spent throughout the year and even allows you to compute future budgetary needs.
Rewards programs are very common on business credit cards, and can be similar to those that are found on normal consumer cards. However, a lot of credit cards that cater to the business owner also have rewards programs that cater more to business needs and desires.
When it comes to managing expenses and helping grow your business, a business credit card is a great tool to have. You do need to find one that fits the needs of your business, giving your company maximum benefits.
Because a business credit card is most effectively used as a financial tool to help your business be a success, you really have to make sure that they don't get abused. Used right, a business card can help your business grow and it can contribute to your financial success.
These business cards can offer low interest rates, different rewards programs, online account access and services that support you, the business owner. Their credit limit is often higher than a consumer's credit card.
If you are a typical entrepreneur applying for a credit card for your business, your personal credit history will be checked. This is because most small businesses do not have their own separate credit history, so as the owner, you are essentially personally guaranteeing the business card.
A business credit card allows you to keep track of business spending, as well as spending of employees. Because of this, a business credit card makes for an excellent tool for managing business expenses.
Quarterly and annual reports of spending is normally included with a business card. This helps you see where your money is spent throughout the year and even allows you to compute future budgetary needs.
Rewards programs are very common on business credit cards, and can be similar to those that are found on normal consumer cards. However, a lot of credit cards that cater to the business owner also have rewards programs that cater more to business needs and desires.
When it comes to managing expenses and helping grow your business, a business credit card is a great tool to have. You do need to find one that fits the needs of your business, giving your company maximum benefits.
Because a business credit card is most effectively used as a financial tool to help your business be a success, you really have to make sure that they don't get abused. Used right, a business card can help your business grow and it can contribute to your financial success.
About the Author:
Caressa Waechter is a business owner that knows first hand how a business can benefit by using a Advanta credit card. Learn more about, and find where to get, a Citi business credit cards by visiting her website.
posted by Debt Consolidation Loan at
9:34 AM
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