Starting a small business can be hugely beneficial, but it can also be expensive, especially when the business is first being launch. Depending on the company you own, you may want to make large purchases on a regular basis. You may not feel comfortable conducting those transactions in cash, or have a large enough analysis on your personal credit card to protect them.

The solution is business credit cards. Business credit cards tend to have higher limits and sometimes lower interest rates than personal credit cards. They also have annual fees and usually must be paid in full every month.


Advantages of Business Credit Cards

Personal credit cards will not usually have high enough limits to make the purchases you need for your business. A larger control allows you to purchase needed supplies when you need, without having to check them out.

Business credit cards often provide detailed quarterly reports about your purchases, broken down into categories, and this makes accounting for your job easier.

Most business credit cards have affiliations with companies, and this can help you. If you travel a lot for business, you can probably find a credit card to enable provides points that are able to be redeemed for flights. Other cards earn bonuses that can be used at restaurants if you entertain a lot of clients, and still others can be used to save money on office supplies. Picking the right card can keep you exchange on household expenses.

A different credit card for your business helps you keep your personal finances and your business finances separate. It is never a smart idea to let your accounting to make sloppy—purchasing groceries on the same character as legitimate business expenses can complicate things. Submitting your expenses is easier as well if you do not have toys for your children on the same credit card receipt as an all-in-one printer for your office!