BUSINESS CREDIT CARDS INFORMATION

Please see information below on Business Credit Cards.

        

Business Credit Cards

It doesn't matter what size your business, you could benefit from a business credit card. Even if you have no employees you can manage your business expenses more efficiently with a dedicated card to do the job.

What are Business Credit Cards?

Business credit cards are credit cards aimed specifically at businesses large or small. Large corporations rely heavily on business credit cards to manage employee expenses and control spending across departments and regions.

Small business even one-man companies can use business credit cards to effectively separate business and private expenses, and to better manage cash flow.

What are the Main Features of a Business Credit Card?

All the main standard features apply to a business credit card, including:

  • Credit limit (suited to your business)
  • APR
  • Annual fee (may not apply)

Most business credit cards carry extra features, designed to benefit you and your business, including cash back programs or reward points. Many cards carry a $0 annual fee and introductory periods on interest and other fees.

Who Can Apply?

To apply for a business credit card, you may need to provide some background information on yourself and your business. You may need to provide proof of your income and your business turnover.

Other requirements are likely to include:

  • Minimum age 18
  • Minimum income
  • Permanent residency in Canada
  • Company information
  • Good credit score

Because all credit card offers can vary, please find out the requirements before you make an application. This can save valuable time and energy and avoid disappointment.

What are the Benefits?

The benefits from using a business credit card are clear you can better manage your business expenses, control employee spending (if necessary), enjoy better spending power and benefit from a range of great reward programs.

You may also benefit from receiving no annual fee and a low APR (though this may not always be the case).

        


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