Business/Co. Credit Cards Tips
Read these 5 Business/Co. Credit Cards Tips tips to make your life smarter, better, faster and wiser. Each tip is approved by our Editors and created by expert writers so great we call them Gurus. LifeTips is the place to go when you need to know about Credit-Cards tips and hundreds of other topics.
Use a business credit card for your new business
While you're starting up your new business, put your business expenses on a business credit card that offers a low introductory rate. You can often find business credit cards that offer 0% interest for a year. It makes sense to take advantage of this great deal, rather than incur debt by using small business loans. Pay off your business credit card before the introductory rate ends to get the most benefit.
Rewards with business credit cards
If you own your own business, look for a credit card that is specifically offered to businesses. These company credit cards offer cash back, airline miles, and other valuable benefits for making business purchases with your business credit card. This is a great way to make your money go further for your business.
Build your business credit rating with a company credit card
Open a credit card account for your business to establish a solid credit history for your company. Even everyday business purchases can work toward earning your business a higher credit score. By establishing good business credit, you'll make it easier to get future business loands and business credit card accounts. Just be sure to pay your balance off monthly so your credit rating isn't negatively affected.
Simplify business accounting with a business credit card
Manage your business finances efficiently with the help of a company credit card. When you put your business expenses on a business credit card, you get a quick monthly update of all your business expenses every time your bill arrives. Because business credit card accounts let you download account activity to Quicken, Quickbooks and Microsoft Money, it's easy to categorize your purchases by employee, store, or type of expense. By simplifying your purchasing records with a business credit card, you make auditing and tax preparation much more efficient so you can focus on your more urgent business tasks.
Use your business credit card to get discounts
Find out if your company credit card is partnered with any business related stores. Some business credit cards will get you insider discounts on office supplies and other business purchases. Business credit cards also often will give you cash back for business purchases made on the card. You can put the savings back into your business to make it stronger and immediately more prosperous.
| Guru Spotlight |
| William Pirraglia |
