If you're a corporate executive or a business owner, the cards that we cover below will offer you outstanding rewards that can help you save money and cut down on expenses. There is also a lot of overlap here between the rewards you can earn via a regular business credit card and those you can receive through cards that provide general rewards, hotel and travel rewards, or even airline miles. This list also includes prepaid cards that cater to businesses. Compare the different cards in this category below.
Having a credit or debit card to help separate and manage your business expenses is a must in many cases. Business cards can also offer an easy way to track employee spending and limits, as well as provide another way to help finance your business. But does all that convenience come at a price? Not necessarily.
If used wisely, business credit cards are a valuable asset to any business, no matter if you are the only employee or if you employ thousands of people. In many cases, such cards offer a multitude of rewards including air miles, hotel rewards points or other loyalty program points which allow you the opportunity to stretch each business dollar even further than before. Of course, there is a downside when talking about using credit in your business. Depending on how your business is structured, you may become personally liable for all expenses charged on those cards if the business can’t pay them. This can be personally devastating financially. Before applying for a business card, take into account some of the following tips:
But, if you are ready to jump in, there are tons of products out there for the taking. As always, comparison shopping is a must when deciding which product will work the best for your unique business situation. There are general business cards that you can sign up for, but if travel is your thing, you might decide to pick up an air miles or hotel rewards business card instead. If you’re a business person about town, getting a business gas card that will give you cash off of fill ups at the pump is a must. If you like building up loyalty points and then redeeming them for gift cards, gadgets or other items, then you can opt for a card that shares these benefits. Or you could just settle for getting a percentage of your monthly spend back as a cash rebate. The choice is yours.