Credit Cards for Small Business Owners
Biz2Credit has helped thousands of small businesses secure Business Credit Cards for their business needs - hassle free solution with competitive terms.
Credit Cards for your business needs
Credit cards for small business owners widen the opportunities to build company credit history and escalate the probability to secure a traditional line of credit. Small business owners are many times found to resort to personal credit cards and overlook the benefits that credit cards for small businesses may bring to them.
Benefits of Small Business Credit Cards
Control on Employee Spending: With a Business Credit Card, it becomes possible for an employer to set limits on spending for its employees.
Enhancement of Credit Rating: A business' credit rating gets enhanced if the card is not misused and payments are made on time. So, it is important to do business with suppliers who regularly report transactions to credit bureaus.
Extension of Credit limits: Credit Cards for small businesses typically have a credit limit that exceeds $50,000. It thus opens the scope for entrepreneurs to make major business purchases that otherwise may not be possible with a personal credit card or cash.
Helps in Bookkeeping: Making payments for all business purchases and meeting related expenses with a single credit card, paves the way for better 'bookkeeping' of the company. The credit card users can simply refer to their card statements on a monthly, quarterly or yearly basis and know their expenses at a glance. Payment for all purchases can be made with one check each month, thus facilitating ease of managing a business checking account.
Uniqueness of Business Credit Cards: Personal credit rating never gets reflected in transactions with a Business Credit Card and it stands out on its own. So, now with the credit card in hand, there is no need to analyze business and personal transactions when the time comes to pay taxes.
Allows Issuance of Additional Cards: Possessing a Business Credit Card allows entrepreneurs to find additional cards in the names of key employees. It saves time of the company as these types of cards can be used to make purchases whenever the management approves.
How it works
Reasons for Refusing Use of Credit Cards for Business
There are certain confusions that cloud the mind of small business owners when it comes to possessing Business Credit Cards. The main reasons for not using Business Credit Cards are:
- An owner finds it complicated to apply and receive a credit card under the business name.
- Business owners want to ensure their control over spending is possible with checks and cash for making purchases.
- The owner fears that the card will lead to over-expenditure for the company.
- There is the notion that not enough purchases are made by small businesses to really require a credit card.
- Business owners opine that finance charges and interest rates associated with the possession of a credit card will be more than its convenience.
It is up to business owners themselves to understand how a credit card can help to propel their companies. An owner can choose a card that offers a reward program and benefit further by receiving rewards. Additional points can be earned if the owner uses the Business Credit Card to make special merchandise purchases, or for buying of airline tickets and for making of other similar transactions.
The customer service oscar had provided …
Thursday, March 30, 2017
The customer service oscar had provided was outstanding
As a paychex customer
Wednesday, March 29, 2017
As a paychex customer, we were referred to biz2credit for our short term funding needs. ron klayman was both resourceful and professional and helped meet our needs in a timely way.
Monday, March 27, 2017
I would like to give mr. ron jones the highest recommendation. he was extremely helpful and always available to answer any question or concerns. his number is 1 646-367-2905. thank you, dr. s. v. macagnone
Steve macagnone dc
Same day funding!
Monday, March 27, 2017
I was pretty skeptical obtaining funding from a source that is not a bank and i'm happy to say that my experience with biz2credit has been great so far. the process was very easy and all of my questions were appropriately and promptly answered. as More...
Perfect and timely
Saturday, March 25, 2017
Exceptional customer service and provided help outside of agreed services. love to work with gabe. thanks dc