Free Articles, Free Web Content, Reprint Articles
Friday, May 24, 2019
 
Free Articles, Free Web Content, Reprint ArticlesRegisterAll CategoriesTop AuthorsSubmit Article (Article Submission)ContactSubscribe Free Articles, Free Web Content, Reprint Articles
 

Why Is It Important to Apply Small Business Credit Cards?

What are really the advantages of using a credit card for small business? Take a look at this article to find out why entrepreneurs should get a small business credit cards.


If you are a small business owner, have you thought about financing your company with a business credit card? Some business owners may feel hesitant to apply for a business credit card and choose to use their personal credit cards instead. Nevertheless, there are certain advantages of using a credit card that is truly designed for small businesses. In this post, we will take a look at each of the major advantages.

Get a higher credit line. A personal credit card has a limited credit line so itís easy to maximize your available credit when you use it for business expenses. On the contrary, credit cards for small business are especially designed for business financing so you can expect a higher credit line as well.

A business credit cardholder can enjoy $50,000 of credit line or even higher, depending on the issuer and business credit rating. If you have a high business credit rating, then you can expect to get a higher credit line as well.

Build business credit history. Small business credit cards can also be used to build a solid credit history for your company.† Find a business credit card issuer that will accurately report your payments to major business credit trackers like Dun & Bradstreet and Experian Business.

Remember that business credit trackers are different from consumer credit reporting agencies. If you will use a personal credit card, then your payments will only be reported to consumer credit reporting agencies, not to business credit trackers.

Separate business and personal finances. Itís very important to be able to separate your business account from your personal accounts. By opening a small business credit card, you can easily separate these two accounts. In addition, you can protect your personal credit history from damages in case you encounter problems with your business credit card debt.

Keep track of your business spending. You can easily determine which of your expenses are eligible for tax deductions simply by checking your business credit card account. Aside from your monthly statements of account, you will also be sent quarterly and yearly account summary reports.

Convenient mode of payment. Using a small business credit card to pay bills and make purchases is more convenient than using cash or issuing checks. Business credit cards can also be used to place orders from the internet.

Get rewarded for your spending. Many business credit cards offer special reward programs. Thus, as you use the credit card to cover business expenses, you can also enjoy great rewards, discounts, and perks at the same time. Most reward credit cards for business are affiliated with business-to-business vendors and suppliers so you can enjoy discounts from your purchases as well.

Enhance your companyís image. When you apply for a business credit cardHealth Fitness Articles, you can have your companyís name and logo printed on the card. This is great way to enhance your companyís image. Suppliers and vendors would be more confident to do business with you when you have a credit card for business.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


Pamela Williams is a Loan Consultant, Internet Marketer, Writer and owner of BusinessCreditCardSite.com, a finance company in Las Vegas, Nevada that provides support for businesses all across the US particularly with obtaining credit cards for business. Visit http://www.businesscreditcardsite.com



Health
Business
Finance
Travel
Technology
Home Repair
Computers
Marketing
Autos
Family
Entertainment
Law
Education
Communication
Other
Sports
ECommerce
Home Business
Self Help
Internet
Partners


Page loaded in 0.287 seconds