If you need any help comparison shopping, read our frequently asked questions below:
What is a business credit card?
Business credit cards generally operate just like personal credit cards, but enable you to take your business to the next level, pay for business expenses with ease and manage your business expenditures with clarity. Business credit cards make it easy to pay for all of your business expenses with one card, making accounting and bookkeeping easier. By having the right business credit card for your needs, you can ensure that you will have the funds you need for everyday business expenses, new projects and unexpected costs that may arise. Bonus: Almost all of the terms and conditions that apply to a personal credit card also apply to a business credit card.
What are the advantages of using a business credit card?
Business credit cards offer business owners and operators the freedom to conduct business efficiently. Business credit cards typically have higher credit limits than personal credit cards, making it easier to manage your money flow, make major purchases and handle unexpected costs. Depending on the business credit card you choose, the potential rewards attached can also be tailored to your business. For example, if you travel a lot for work, you could choose a business credit card that allows you to earn travel rewards for particular hotel chains or airlines.
Who can qualify for a business credit card?
If you have a business or are a sole proprietor, you can apply for a business credit card. For many business credit cards, you will have to provide proof that your business exists, by providing supporting documents to your potential lender. Documents could include articles of incorporation, your business license, partnership agreement, tax assessments and/or financial statements. If you’re a sole proprietor who operates your business under your own name and are not incorporated, you can still qualify for certain business credit cards.
Other Types of Credit Cards