The Benefits of Getting a Business Credit Card

Dia Adams is a leading expert on family travel and mother of two real-life teenagers in the DC metro area. She has visited more than 45 countries and has lived in Thailand, China and Ireland (where her son was born). Her passion lies in showing families how to travel more while maintaining their savings and sanity. Business credit cards are a great way to get extra rewards on phone bills, online advertising, office supplies, and even grocery stores or pharmacies.

If your FICO score isn't as good as you'd like, there are even secured credit cards for businesses that can help you improve your credit while building your brand. Most business cards offer quarterly and year-end summaries, as well as the ability to download purchase records to accounting programs such as Excel and Quickbooks. Even if you don't have a secondary income yet, you may be approved for a business credit card for your new venture. With a business credit card, you can easily view your overhead and itemize deductions.

Plus, they often come with higher credit limits than personal cards, and with a higher credit limit comes the possibility of having lower credit utilization. Business credit cards also present excellent opportunities for rewards with high introductory offers, numerous categories of additional expenses, and other perks that can save you time and money. During months when you don't have cash on hand to pay bills or unexpected expenses arise, business cards can be a useful way to cover those costs. And because business credit cards can be much easier to get than a traditional loan or line of credit, they can provide an easy way to buy the equipment, supplies, or inventory you need.

However, if you use a personal card for business expenses, it is usually better to buy one separately just for work. Business credit cards also often have higher credit limits and company-specific authorized user policies. In addition to additional points or miles, some business credit cards include a low or 0% APR on purchases or balance transfers for a period after the account is opened. Overall, getting a business credit card is an excellent way to increase your savings while building your brand.

With the right card, you can get extra rewards on phone bills, online advertising, office supplies, grocery stores or pharmacies. Plus, they often come with higher credit limits than personal cards and include additional points or miles with low or 0% APR on purchases or balance transfers.