Business Credit Cards

Small Business Credit Card Perks

Small business credit cards have many great features. Not only do they let your business obtain the cash flow they need, but many come with 0% introductory APR so if you can't pay off your card one month, it's not a problem. Additionally, the cash back and rewards program can help put money back in your business every time you spend.

Many business credit cards have high initial credit lines, much higher than you would get with a personal card. Many small business cards also come with an introductory 0% APR offer, often lasting as long as 12 to 15 months. You may wish to consider 0% balance transfer cards if you need a temporary cash infusion or some extra capital for a new business venture. Most cards will offer 0% APR on either purchases or balance transfers, but there are a few that will give you 0% on both purchases and transfers giving you the best of both worlds.

It is fairly common for business credit cards to also offer a low interest rate after the 0% introductory rate is lower. You can often get a rate as low as 7% depending on your business credit history. If you can get a low interest rate card, then your credit card has the ability to become a source of low interest loans for your business. Rates can vary over time so make sure you read the terms and conditions carefully to find out if your low interest rate is a fixed rate or a variable rate.

Many business owners go for several credit cards each with their own business strategy. For example a business might have one card that offers cash back rewards that they will pay in full every month, and one card that has a low interest rate that they will carry a balance on from time to time. This strategy lets business owners take advantage of 5% cash back on gas and office supplies and also take advantage of the low interest rates on their other business card. Other business owners with opt for a airline reward card to finance their business trips.

To maximize the rewards many businesses will give cards to their employees, an option that is offered for free from most credit card companies. You can then control your spending by setting limits on each credit card given out to an employee. You can even set limits on spending in certain categories. For example you can set $1,000 month for gas, $500 a month for office supplies, etc.

Adding employees as cardholders has the added benefit of consolidating your expenses to one credit card account. This makes accounting a snap. You can even get expenes reports showing each employee's spending every month. This feature typically comes free with most business accounts.

In addition to business cards, credit cards for individuals also offer many benefits, and our site contains a wide selection of these cards. Benefits include 0% credit cards, rewards, cash back, low interest or frequent flyer miles. Search through our other card categories to get full descriptions and comparison of the cards.