Advantages of business credit cards

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Cards for Business » Advantages of business credit cards

Advantages of business credit cards

Add to Favorites:

There is a growing demand for business credit cards in the market because these cards are easier to obtain as compared to the line of credit. In the past, there were hardly any credit card lenders who issued these plastic cards exclusively for businesses. But, considering the current demand in the market for these cards, almost all major card lenders in the United States have interesting offers for small business entrepreneurs. The demand for small business credit cards is fueled by the advantages it offers these entrepreneurs. Here is a quick look at few benefits they get to reap.

Prevents co-mingling

When you run a business, it is important to keep your personal transactions separate from business transactions. Using your personal credit cards for business purposes can have an adverse impact on your credit rating. It can also make the process of filing for taxes difficult and create other money management issues. Availing business credit cards will prevent co-mingling and help overcome all the other related problems. The IRS considers entrepreneurs with business credit cards as responsible people who are serious about their business.

Higher credit limits

Credit card lenders offer higher credit limits on business credit cards. The deals and offers on these cards are also different from the ones for personal cards. Though the credit limit offered would depend on the business, it will definitely be higher than the limit on your personal credit card.

Better book keeping

When you run a business, it is important to keep track of all the expenditure incurred. Spending from various accounts can make this task very challenging. However, using business credit cards for all payments simplifies the process of bookkeeping significantly. You need not worry about making a separate note of the expenses since you can easily avail the monthly transaction record from the lender and file it for further reference.

Establish business credit

If you want to be considered a strong market player, you will have to establish a good business credit. There is no better way to do it than with the help of business credit cards. A good business credit will help you with your expansion plans since lenders will not hesitate in offering business loans and lines of credit.

Unique rewards

The rewards offered on business credit cards are different from that of the personal cards. Though most cards in this segment offer travel rewards, there are also cards that offer discounts on office supplies and cash back offers that can work in favor of your business.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

How to Subdue Wedding Expenses and Earn up to $1,000 for Honeymoon

How to Subdue Wedding Expenses and Earn up to $1,000 for Honeymoon

Posted: June 21, 2017

Whether you are married or not, we all agree that marriage is incredibly important for a person. It signifies the beginning of two people as a team, as a family, of a long commitment. It is a newly born union and the sign of your choice, ... Continue reading
How To Choose The Best Credit Card For Everyday Spending

How To Choose The Best Credit Card For Everyday Spending

Posted: June 21, 2017

When you reach for your wallet to pay for groceries, gas, dinner out, or any other everyday purchase, are you searching for cash, a debit card, or a credit card? Many people hesitate to charge this type of everyday spending to a credit ... Continue reading
How to Save Money. Best Credit Card Deals and Tips.

How to Save Money. Best Credit Card Deals and Tips.

Posted: June 20, 2017

We all've been through or may find ourselves in such an emergency when money is needed immediately. Lucky you are if you have savings for unexpected expenses. If not, it's never too late to start saving money. There are different ways to ... Continue reading