Tag Archives: Credit

General Business

Business Credit Cards – Bookkeeping Made Easy

Leave a comment

A small business credit card has a number of advantages. In addition to being able to help with start up costs and providing special rewards that are meaningful to business owners, business credit cards can make bookkeeping much easier. In fact, using a business credit card can take nearly all of the headaches of keeping track of expenses out of your hands, giving you time to focus on company growth.

Business Expenses

To help keep bookkeeping a snap, you can place all of your business expenditures on your business credit card. By having a separate personal credit card and business credit card, you don’t have to worry about sorting through your credit card statement to determine which were for your business and which purchases were for personal reasons. In addition, this helps keep the liability for repayment on your business rather than on you personally, which is particularly important if you form any type of business configuration other than a sole proprietorship. In the eyes of the law, other business formations, such as LLCs, are their own entity. Therefore, you are not held personally responsible for the business expenditures because the company is responsible.

Itemized Statements

Generally, business credit cards also provide the cardholder with itemized statements. These may be monthly, quarterly, or annually, depending on the card. Therefore, when you compare business credit cards, you should inquire about how often these statements are issued and choose the one that best suits your business needs. This feature is quite helpful because it frees you from having to keep track of all of your receipts. Instead of sorting through numerous receipts at tax time, you can simply use your itemized statement or take the statement to your accountant. To help make things easier, some of these itemized statements will even categorize your purchases into different areas needed for filing taxes, such as Office Supplies, Entertainment, and Postage.

Earning Rewards

In addition to assisting you with bookkeeping, business credit cards can also help you save money. Many offer travel rewards, special business related discounts, or cash back rewards. When you compare business credit cards, be sure to look at the various incentives they offer in order to find the one that best suits your business. If you purchase a great deal of office equipment, for example, you will want a card that provides points or cash for making such purchases.

If your business requires you to travel frequently, you might want to get a business credit card that provides airline mile rewards. These cards typically offer other benefits that are attractive to the traveling businessperson, such as baggage protection, travel insurance, rental car insurance, and discounts at hotels. Again, these cards take away some of your bookkeeping hassles because you don’t have to worry about acquiring these forms of extra protection on your own. Simply use your business credit card and you are covered.

Carrying a Balance

If you anticipate carrying a balance on your credit card from one billing cycle to the next, you should definitely look into acquiring a business credit card with a low APR. Some offer special introductory rates that can last for up to a year depending on the credit card and your credit history. Take full advantage of these cards to get your business up and running and work toward being capable of paying the balance off at the end of each billing cycle. For some businesses, however, carrying a balance is inevitable. Sometimes, paying the balance depends on customer invoicing and customers may not always be reliable about paying their invoices on time. Or, your business may have slow periods where more cash is going out than coming in. In these cases, it is best to acquire a card with a low APR, but that still provides you with all of the desirable bookkeeping features.

General Business

Apply For Business Credit Card to Gain Business Success

Leave a comment

If you were into business, you would probably be thinking of applying for a business credit card. You are pretty sure that there are lots of benefits you could get from it. Well, it is true. This type of credit card offers numerous advantages which include rewards and higher limits.


Besides these, you can have additional perks on gas rebates, airline miles, balance transfers, low interest rates, bonus points upon acquisition, greater savings on purchasing business supplies, and additional cards for free given to your employees.


Business credit cards will allow the user in keeping track of his or her expenses and will carry out a balance transfer if it is necessary when slow period’s strikes. There are only few requirements set, however good credit results in excellent rating. Another advantage is that you could have the best out of it regarding your business expenditures and obtain something in the end.


But no matter how good the offers might be, always conduct a thorough investigation especially on APRs. Getting the lowest APR will probably help in saving bigger cash in the future. Make sure to compare one business credit card to another to find the best deals regarding its offers that will perfectly suit your needs. If your are going to expand your business that is going strong then consider a business credit card as an option. Numerous business cards are widely available. Just take your time in weighing all the advantages that it is providing because some business credit cards may just sound to be too good to be true.


In general, business credit cards have credit limits that are higher, lowest interest rates as possible, and several automatic benefits. It targets clients such as executives and business owners. Owners of small businesses should not worry because they could also take the advantages offered by the business credit card’s benefits. They could extend their payments and cash flows. The purchasing power of business is slowly increased while establishing your business credit history.


If you manage your money wisely in business, making sure that all the expenses are well evaluated and planned, then success is not difficult to achieve. And picking the credit card that is right for you will help you in maintaining your business as a successful one. Remember that credit card companies will see to it that they advertised their business credit card well like offering 0% APRs on the introductory period, so it is your decision to choose the one which satisfies your needs being an owner of a certain business. The period usually lasts six to eighteen months or some will oblige you to pay for the annual fees upon using the card.


Business credit cards are used for making lots of purchases. If you get the lowest interest rate, it could save you a huge amount of money. But be cautious because even business credit cards having 0% introductory interest, later on it will turn out to have rates as high as 18% when the introductory period is over. Shop around and compare rates, besides, you should never make any mistakes because you are going to invest your money in it and protect your business.


Business credit cards could also be a fine investment for executives who do a lot of traveling. Flier miles are one advantage to avail of. Others include service discounts on mail courier, and store discounts on office supplies.


Business credit cards have the potential in saving you bigger money depending on the business you have.