Business credit cards – are they useful at all?

03 July 2013 - James Larkin

Business credit cards – are they useful at all?

Business credit cards help to separate private from business expenditure, they make it easier to pay out expenses, and they come with lot of extra features. No matter whether for a new business or an established firm, for a factory with many employees or for a small family business – a business credit card helps to keep business costs under control.

One big advantage of a business credit card is that it usually comes with a higher credit limit than that of a traditional credit card, and also it is usually possible to benefit from more flexibility in the repayments.

A business credit card simplifies the reporting of expenses, as you can usually apply for additional cards for members of staff.     Often one will get an additional MasterCard, and so can easily keep the private outgoings apart from your business.    Another advantage is that with the business credit card the paying of expenses will only be due at the end of the month.

Extra features

A business credit card comes with extra features like rewards, discounts and insurances.

To find the right business credit card it is advisable to first compare different offers before applying. Rates, fees and extra costs should be looked at – application online is quick and easy.