Advantages of Using a Business Credit Card

Congratulations! Careful planning and stout determination have transformed your ideas into reality. Your new business is proof that the American dream still exists. Small business ownership, though, is not for the faint
of heart. Juggling all the daily responsibilities that come with entrepreneurship can be overwhelming. Managing your time wisely should be a top priority.

A business credit card offers the advantage of saving you precious time and reducing stress. Some credit card companies even offer a card with 60 days of no interest (instead of the usual 30 days) when you charge new purchases on your card. And with a business credit card, you will usually be able to obtain a larger line of credit than if you applied for just a personal credit card.

Every business needs supplies and services. All these transactions can quickly become the small business owner’s arch nemesis if not handled correctly. Carrying cash is burdensome and unnecessarily leaves you at risk for theft. Writing checks generates a checkbook that needs to be balanced more frequently (and a big headache when it doesn’t add up at the end of the month).

Using a business credit card makes it easy to purchase business items. Only one check is written each month—instead of the usual twenty or more. Going a step further, perhaps clicking suits your style; credit card payments can be made via an online checking account. Online credit card statements can even be integrated into your accounting software.

Often times, a small business owner isn’t the only one making purchases. Are invoices and expense reports from employees piling up on your desk? Business credit cards end the paper pile-up and organize employee spending. An online account can monitor each employee’s credit card usage on a daily basis.
Last, but not least, using a business credit card has its perks. Discounts on airfare and merchandise are available, and varies with the card. Some cards offer savings through a point system, while others offer cash
rebates. Choose from a cash back plan where you earn a specified amount each time you make purchases with your card (usually 2% of the total spent).

In a nutshell, business credit cards help businesses to operate more efficiently while offering great incentives. With so many cards that have no annual fee and low APR rates, what are you waiting for? Charging instead of using cash or checks is the right choice for a growing business like yours.