How A Business Credit Card Can Benefit Your Business
Posted by Nick Niesen on October 29th, 2010
Business credit cards are certainly becoming the way to go these days. Ever wonder if they might know something that you don't. Many businesses are using them, and it may be time that you look at what it might be able to do for your company. This article will show you a few ways that you can benefit from using either a regular business credit card or a small business credit card in order to benefit your business overall.
It is good to know that competition between the credit card companies has caused them to come up with some really original ideas about how to get new customers, and with hundreds of companies to choose from, there are also a great number of possible benefits available. Here are a few of those ways.
Keep Business Separate From Personal Records
This has got to be a major reason for getting a business credit card. With yourself, or others in your business possibly using their own personal cards, the possibility of losing receipts, or having duplicate records, or transactions being lost, or even double reimbursements, etc. increases. By issuing business credit cards to those individuals who may need them, the records of all pertinent financial transactions remains centralized in your monthly credit card statements.
Keep Records In One Place
While this was mentioned in the point above, this is especially helpful to the small business owner. Getting your own small business credit card and making your purchases with it enables your transactions and record keeping to become simplified. Another great feature is that if receipts are lost or misplaced, it really does not matter so much, also making it easier at tax time. Some credit card companies may even put all your employees business credit card transactions on the same bill. Another great feature of this plan allows your accountant to write far fewer checks.
Select Card For Its Benefits
This is where a business credit card can really bring some profit. Of course, all of it is based on the amount of spending that your business has. You will want to look over all of the various options that are offered to business credit card owners, and then match the offer with the benefits (s) needed.
Receive Travel Benefits
Whether the company has employees that travel on the ground or in the air, benefits can be received in the way of air miles, gasoline credits, or just plain monetary rewards. Some of the better cards may even give you as much as 20,000 air miles - just for signing up.
High Cost and Bulk Discounts
By making repeat purchases, your company can save some real money in terms of rewards given. An example of this could be where your fleet of vehicles buys its gas. Using the same credit card for all of your vehicles through the same gasoline company can bring some real savings to your business.
Rewards In Office Equipment
Other credit cards give rewards in terms of occasional computers and other office equipment. These kind of options, of course, make it wiser to get all of your companies' business credit cards from the same company, too.
If you are in need of a small business credit card, it certainly will pay to look around before you make your move to sign up with any particular company. Without the card, it goes without saying, could you get, 5% cash back on your purchases, or air miles, or the convenience of single monthly financial reports? How about free equipment, and so many other things. The rewards are yours for the taking, and so is the convenience, and the simplicity.
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About the AuthorNick Niesen
Joined: April 29th, 2015
Articles Posted: 33,847
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