Credit Cards That Are A Credit To Any Business

By: J Kenny

Business credit cards can come to mean a lot to any business and can even be used to reduce costs and manpower. They can also, if used properly, be used to get savings on your purchases and simplify paperwork. Here are some ways that you can use a business credit card so that it can be an asset to your business.

Simplifies Accounting

Have you ever found that employees lose receipts, or do not supply you with adequate details of purchases? Or, has the accounting department ever misplaced receipts? By giving your key employees business credit cards you can eliminate the receipt system altogether, because all charges can be put on a single monthly statement for your company - if you want it. This would greatly reduce man-hours in the accounting department - and make it so much simpler for reimbursements to be made, too.

Keeps You Informed

In addition to this, your online account enables you to see what is being spent each day. This gives you visibility of the daily transactions made by all your employees, as well as totals charged on the account. Balances can also be seen enabling you to avoid overcharging your business credit card. You also may have the option to be able to limit the amount of expenses charged by your employees.

Earns Rewards

By selecting a card related to large expenses made, such as gas, or air miles, office equipment, etc., you can save a lot of money. Most of these cards are geared toward the small business owner, which may make it even more appealing if you fit in that category. By using a business credit card, you can reduce your monthly expenses on many things, and get cash back, or discounts on other products, Some credit card companies give free office equipment and supplies as a bonus. An example of how you can get savings is if you put all your gas onto the gas credit card of a gas company that you already use all the time.

By putting all of your business expenses on a card from one company, all of your individual expenses can bring a lot of rebates, or cash back. If your card focuses on traveling, then your rewards could come in the form of free hotel stays, cruises, flights and possibly points that can be used toward new vehicles. Some business credit cards will put on your account as many as 10,000 points with your first purchase.

Make Balance Transfers

If your business has any existing credit card debt, you could have the option of being able to transfer it to your credit card with 0% APR interest. Most business credit cards, however, will charge a rather small percent of interest, though.

Compare Business Cards

Take the necessary time to be able to find a good card - one that will meet your needs. Business credit cards usually come with annual fees, but these will vary quite a bit. Also, many business cards do come with interest rates - and many do not, so, you will want to look at the fine print carefully.

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Joe Kenny writes for the, offering online mortgage applications, visit today for more credit cards and start clearing credit card debt today.
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