Do you run a small business or are you thinking about starting a new business?
If yes then…
Business Credit Cards may be a wise choice for you. Business credit cards are used to keep personal and business finances separated. Those of you that have started a business using your personal credit cards know what a mess that can put your business in and what a mess you can be in during tax season. Separating business and personal finances from the beginning is a wise decision.
Business Credit Cards often offer great incentives and rewards for using the credit cards, better then consumer credit cards typically offer.
Business Credit Cards may also have money management resources you can use to help manage expenses and help keep track of transactions processed with the credit card.
Business Credit Card Rewards
Here is some of the rewards a Business Credit Card may come with. See which would help your business the most.
- Cash Back on Business Expenses – Earn Cash back on purchases for anything related to your business including office supplies and sometimes fuel for your vehicle.
- Travel Rewards – If you travel a lot you can save on air fare, hotels, car rentals and much more.
Business Credit Card Rewards give you the ability to save more, travel cheaper, and have a whole slew of benefits for you, your business and your employees. Imagine rewarding your best employee, or highest producers with a vacation or incredible prizes paid for entirely by rewards from your business credit card. Take your entire staff to a concert or a Broadway show during the holiday season paid for entirely by rewards points.
Many business credit cards will allow you to earn 1-3% cash back on all purchases with unlimited reward point caps. This means the more your business spends, the more rewards you earn, the more you can enjoy the business you do.
You can add employees to your business credit card card-holders list which will allow the trusted employee to use the rewards credit card for the business transactions they conduct. This will allow you to benefit from the rewards program throughout all areas of your business. Many business credit cards allow you to download statements into your accounting software which will show you the break down of expenditures by employee.