If your operating a small business or in charge of the finances in a larger company, consider the benefits of one of these business credit cards.
It’s a given that credit cards offer real convenience when making a payment over the phone or when on the road. They also offer reporting that at month’s end can transform an envelope of jumbled receipts into a categorised statement.
Your business credit card can also be used to help manage cash flow. In today’s economic climate when creditors are taking longer and longer to pay, a card can help you bridge the payments you need to make and when your bills get paid. Take advantage of payment terms of up to 62 days with a card (as long as you pay in full)!
No need for petty cash. Have a central card (account number) in the office to use for various office expenses.
Things to Know
If you are a smaller business with access to assets, you could save on interest by securing your debt with either residential property or commercial assets. Obviously this sort of decision would require the advice of your accountant.
As always, review the terms and conditions before applying for your chosen credit card. This information is a summary and provides general information that may not apply to every card.
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