Why a Small Business Card May Make Sense for Your Company’s Finances
These days, more and more credit card companies are offering business credit cards to small businesses. A business credit card is similar to a personal credit card in terms of it having a reward program and the ability to pay for something first and settle the bill later when the credit card statement arrives. But this is where the similarities end.
The fact of the matter is, business credit cards have a lot more perks to it than an individual credit card. Like a business banking account, business credit cards come with larger credit limits because businesses tend to spend a lot more than individuals or family units. Moreover, a business credit card has a whole slew of other perks that make it an absolute must for any small business.
Managing your business costs
With a small business card you can pay for a business expense up front without having to dip into your companys cash account. While this can be especially useful in times of emergency, it is useful enough for day to day operations like paying for your purchases from a supplier, or footing the bill when entertaining a...
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