CREDITCARDS - BUSINESS
WELCOME TO "YOUR BUSINESS CREDIT CARD WEBSITE"!
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Small Business Credit Card Benefits
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Many new small business owners do not have a credit card account
specific to their business. They might use a personal credit card to
make business related purchases every now and then, but the majority
of new business owners overlook the value a business credit card may
provide to their business.
There are many reasons why a small business owner would benefit
from having a credit card account specifically reserved for their
business use. First, though, let’s discuss the typical reasons why a
small business owner would avoid a credit card!
Top 6 Reasons Small Businesses DON’T Have Credit Cards
1) Business owner is afraid that they will overspend if they have
access to a credit card.
2) Business owner thinks it’s complicated to apply for and receive a
credit card under the business name, or feel they don’t have strong
enough credit to get one.
3) Business owner thinks finance charges and interest rates will be
expensive and cost more money than the convenience of having a
credit card is worth.
4) Small businesses don’t make enough purchases to require a credit
card.
5) Business owner likes the control over spending by employees when
a check or cash has to be issued for purchases.
6) Business owner applied for one and was denied.
Is the reason your small business does o’t have a credit card found
on this list? If so, you might be surprised how the benefits of having a
credit card for your business can help propel your business forward.
Credit Card Benefits for the Small Business Owner
While many of the reasons small business owners decide not to get a
credit card for their businesses are valid, there are many advantages
to the businesses that do decide to get a credit card.
When you make all of your business purchases and pay for each
expense related to the company on a single credit card, you have an
easier time with your bookkeeping. You can simply refer to your credit
card statement each month, or on a quarterly or annual basis in order
to see your purchases and expenses at a glance. You can cut one
check each month to pay for all of the purchases, making it much
easier to manage your business checking account, also.
Having a company credit card allows you to get additional cards in
key employee names. If your office manager handles the office supply
purchases, you can give her a card to make those purchases with, for
example. There is less time required of you to approve or deny his or
her orders and no need to cut a check when the manager is ready to
place the order. Simply give the employees with cards a spending
allowance and you can quickly monitor the spending of each employee
by glancing at the card statements.
If you select a credit card for your business that offers a rewards
program, you will benefit further by achieving the rewards under that
benefit. As a business owner, you would decide if you have reason to
purchase airline tickets, or if you would benefit better from a card with
cash back or special merchandise purchases with the points you have
earned.
Having a business credit card opens the door to many opportunities
for your business that you would not have if you avoided having a
card. Be sure to take these benefits and advantages in consideration
when deciding whether or not to apply for a business credit card. If
you fear your business credit is o’t strong enough for a card at this
time, you can opt for a prepaid card or a secured credit card to build
your company credit history. You’ll still receive all of the benefits and
conveniences of a credit card, you’ll just need to take the extra step of
funding a prepaid card before you can use it.
specific to their business. They might use a personal credit card to
make business related purchases every now and then, but the majority
of new business owners overlook the value a business credit card may
provide to their business.
There are many reasons why a small business owner would benefit
from having a credit card account specifically reserved for their
business use. First, though, let’s discuss the typical reasons why a
small business owner would avoid a credit card!
Top 6 Reasons Small Businesses DON’T Have Credit Cards
1) Business owner is afraid that they will overspend if they have
access to a credit card.
2) Business owner thinks it’s complicated to apply for and receive a
credit card under the business name, or feel they don’t have strong
enough credit to get one.
3) Business owner thinks finance charges and interest rates will be
expensive and cost more money than the convenience of having a
credit card is worth.
4) Small businesses don’t make enough purchases to require a credit
card.
5) Business owner likes the control over spending by employees when
a check or cash has to be issued for purchases.
6) Business owner applied for one and was denied.
Is the reason your small business does o’t have a credit card found
on this list? If so, you might be surprised how the benefits of having a
credit card for your business can help propel your business forward.
Credit Card Benefits for the Small Business Owner
While many of the reasons small business owners decide not to get a
credit card for their businesses are valid, there are many advantages
to the businesses that do decide to get a credit card.
When you make all of your business purchases and pay for each
expense related to the company on a single credit card, you have an
easier time with your bookkeeping. You can simply refer to your credit
card statement each month, or on a quarterly or annual basis in order
to see your purchases and expenses at a glance. You can cut one
check each month to pay for all of the purchases, making it much
easier to manage your business checking account, also.
Having a company credit card allows you to get additional cards in
key employee names. If your office manager handles the office supply
purchases, you can give her a card to make those purchases with, for
example. There is less time required of you to approve or deny his or
her orders and no need to cut a check when the manager is ready to
place the order. Simply give the employees with cards a spending
allowance and you can quickly monitor the spending of each employee
by glancing at the card statements.
If you select a credit card for your business that offers a rewards
program, you will benefit further by achieving the rewards under that
benefit. As a business owner, you would decide if you have reason to
purchase airline tickets, or if you would benefit better from a card with
cash back or special merchandise purchases with the points you have
earned.
Having a business credit card opens the door to many opportunities
for your business that you would not have if you avoided having a
card. Be sure to take these benefits and advantages in consideration
when deciding whether or not to apply for a business credit card. If
you fear your business credit is o’t strong enough for a card at this
time, you can opt for a prepaid card or a secured credit card to build
your company credit history. You’ll still receive all of the benefits and
conveniences of a credit card, you’ll just need to take the extra step of
funding a prepaid card before you can use it.