Avoid the temptation of using personal cards for business expenses.
One of the biggest mistakes a small business or start-up business owner can make is to use their personal credit card to make business purchases or to purchase groceries or other personal items with their business credit card. Though it’s a common mistake, it can make for serious problems when it comes to tracking expenses accurately or worse yet, tax preparation. To avoid this situation, one of the best steps a small business owner can take is to apply for a business credit card that has been specifically tailored to small businesses and then be certain to charge all business purchases exclusively to that card.
Small business credit cards deliver real benefits with savings on purchases and expense management tools.
The good news is that small business credit card offerings are abundant and the features they offer really can be a tremendous advantage with savings on business related purchases. Whether yours is an established business or you’re just getting started, there’s no better time than the present to take advantage of all of the many benefits that a business credit card can offer. An online application takes only a matter of minutes and you can have an approval in less than 60 seconds. Considering all of the many bonuses and rewards available through a business credit card having one is just smart business.
Without exception, Visa, MasterCard, American Express and Discover have all recognized the opportunities available within the business credit card market and responded by developing some extremely creative business rewards programs, online account management solutions and cash back or balance transfer cards tailored specifically to the needs of today’s growing businesses. The variety of offerings is extensive and it will pay to carefully consider the many options available before settling on the card that best meets your needs. You can use the CompareCards.com online card comparison tool to get a closer look at best business credit cards available.