Thu 15 Feb 2007
Using A Business Credit Card
Ah, credit cards — arguably one of the least-favorite topics among business owners. But they don't have to be all bad. Many business owners spend a considerable amount of time writing out checks to pay suppliers, but with the help of business credit cards, you can use this time for the business. You don't need to (and shouldn't for safety) carry checkbooks everywhere you go or keep a large amount of cash at the office.
Using Business Credit Cards
Business credit cards are very useful in enabling effective separating, tracking and controlling of business expenses. Some of the features that you should look for when applying for a business credit card are:
- Variety of services
- Low rates
- Easy access to account
- Quality customer support
Using a business credit card is more than just about debt management, fund availability and securing credit. It involves effectively building your credibility and reputation, and that of your business. Sustaining credit is a great way of instilling confidence and growing and expanding your business. Every business owner has a number of reasons for the need for a good business credit card.
As with a credit card for personal use, business credit cards should be used wisely and you should always keep track of your expenditures.