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Credit Card Applications » Questions » User Questions » Business Credit Cards » I own a small company. What are the pros and cons of having a rewards card in my business ...

I own a small company. What are the pros and cons of having a rewards card in my business name rather than just having a rewards card in my name that I use for my business only?

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Leo Zhu

Business credit cards are good if you want to build a credit history for your company. Make sure the credit card issuer will report your business credit activity to the bureaus which track business credit. You will need an Employer Identification Number (EIN) to apply.
Business credit cards have high credit limits. You can ask creditors to issue additional credit cards for your employees. Most business cards offer tools to track expenses, which will help you with expense reports. Also, business credit cards offer higher rewards than general credit cards.
If you apply for a general credit card with rewards, you will continue to build your own credit history rather than your company’s. Credit limits for personal credit cards are not as high as business ones. And few personal cards offer tools to track expenses.

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