| No matter the size of your company, be it large | | | | theft monitoring. These additional features are a |
| or small, you may still benefit from owning a | | | | great way to protect you and your employees. |
| business credit card. This article presents 10 | | | | |
| reasons why having a credit card that is specificly | | | | 1. Higher spending limits |
| designed for business is a beneficial decision for | | | | Business cards offer a higher spending limit than a |
| you, your company, and its employees. | | | | standard credit card. This allows companies to |
| | | | make larger purchases and gives business owners |
| | | | more room to carry a balance on the card. |
| 1. Adds and air of legitimacy | | | | |
| Owning a business credit card will bring a level of | | | | 1. Employee and company spending limits |
| respect to your company. Whether you are | | | | Business cardholders are able to set spending |
| taking a client out on a business related outing, or | | | | limits for the entire company, as well as for each |
| just making a general purchase, paying with a | | | | individual employee. This is a great way to help |
| business card shows people that your company is | | | | you and your employees stay within a set budget. |
| a legitimate business. In order to get a company | | | | This allows business cardholders to control the |
| credit card, the business must be well established, | | | | companies spending habits. |
| and this shows that your company has a level of | | | | |
| respect associated with it. | | | | 1. Additional cards for free |
| | | | Business cardholders will find it easy to receive |
| 1. Builds a positive credit history | | | | additional cards for their employees and other |
| Just like in your personal life, it is a necessity to | | | | potential cardholders within the business, all of |
| build good credit for your business to ensure its | | | | which will display the names of each additional |
| future growth. Through the proper use of a | | | | cardholder. Most card issuers will charge |
| company card you will establish a good credit | | | | cardholders a fee for additional cards, but with a |
| history. This will help your business as you move | | | | business credit card account you will receive |
| forward, and look to expand your business in the | | | | additional cards at no extra charge. |
| future. | | | | |
| | | | 1. Eliminate need for cash and checks |
| 1. Better perks and discounts | | | | A major advantage of owning a business credit |
| Most business cards offer better perks and | | | | card is that it eliminates the need for cash and |
| discounts for their users than similar cards that | | | | checks. Consider the advantages of this in |
| are not specificly designed for business owners. | | | | situations such as business related travel. Business |
| Business cardholders receive special rates on gym | | | | cardholders no longer have to give their |
| memberships, cell phone plans and devices, office | | | | employees cash advances, or take the time to |
| supplies and equipment, rental cars, hotel stays | | | | add up receipts when they return from business |
| and airfare to name only a few. These discounts | | | | travel to reimburse them for expenses. Instead, |
| are a great way for you to save money when | | | | business cardholders can use a company card for |
| you are making normal business purchases. | | | | their expenses, and all of their spending becomes |
| | | | far easier to track. |
| 1. Earn rewards | | | | |
| There are business rewards cards currently | | | | 1. Expense reporting |
| available that allow cardholders to earn rewards | | | | Another fantastic reason for owning a company |
| when making purchases. Some of the reward | | | | card is the advanced expense reporting that is |
| categories that business cardholders can | | | | offered by the issuers. The credit card companies |
| participate in are airline, hotel, gas, restaurant, and | | | | now offer expense reporting that is compatible |
| cash back. These rewards are earned when the | | | | with Quicken and Microsoft Money, which allows |
| cardholder makes purchases with their business | | | | cardholders the ability to directly tie these reports |
| card. Points or miles can then be redeemed | | | | in with their accounting data. This feature may be |
| towards discounts on future purchases. | | | | especially useful to cardholders during tax season, |
| | | | as it will give those that take advantage of the |
| 1. Extra protection | | | | service exact amounts of their spending and |
| Business credit cards offer higher levels of | | | | provide useful backups for any receipts that may |
| protection for their users to help reduce the risk | | | | have been lost or misplaced. |
| of problems that may arise. Some of the | | | | Now that you see all of the advantages of |
| protection features available to users are | | | | owning a business credit card, don't you think it is |
| traveler's insurance, lost luggage insurance, auto | | | | time for you to go out and apply for one today? |
| rental insurance, as well as extra layers of identity | | | | |