Business Credit Cards

Business credit cards provide small business owners with the convenience and liquidity needed to operate without having high cash storage. There are many benefits to using credit cards for purchasing business expenses.

One of the bigger benefits to using business credit cards are the rewards or incentives that are built in for using the card. The reward system can vary greatly from card to card, but often include airline and other travel rewards, providing skyline miles or the ability to upgrade to a first class flight, even access to an exclusive lounge in the airport.

The type of card a business should have for their business will depend upon the intended use for the card. Many businesses will use one card for smaller, monthly purchases in which they plan to pay-off in full monthly, and another card to use for larger purchases. For smaller monthly purchases that user plans to pay off in full, a card with a better reward system and a higher annual percentage rate would be appropriate. The cards carrying larger balances should have a lower annual percentage rate associated, so as to decrease the cost to the consumer for using the card.

In addition to the perks of using a business card, there are also practical reasons why they are appropriate to use. With a business card, a business owner can provide employees with cards for expenses, which make monitoring the purchases easier. These cards can also provide a new business owner with the capital to leverage a new business when a secured loan is not possible. .. expand

More info
American Express Business Gold Rewards
  • 25,000 Welcome Points. Enough for a ticket almost anywhere in North America. Just purchase $3,000 in the first 3 months.
  • No fee for the First Year. A savings of $180.
  • Earn 1 point for every dollar in purchases charged to the Card. No caps.
  • Earn up to 40,000 bonus points. Every year. 15,000 points when you reach $50,000 in purchases. Another 25,000 when you reach $100,000.
  • Get additional Cards for employees. Earn even more points - all on your account.
  • More Rewards for you or your Business. Transfer to Aeroplan®*. Instantly. 1 point = 1 Aeroplan®* mile.
  • Also transfer points to Delta Air Lines, Continental Airlines, and Cathay Pacific's Asia Miles and access their 27 airline partners.
  • Book virtually any trip or vacation. Pay all or part with points. No blackouts.
  • More reward options. Sony, Apple, Hilton Family of Hotels and more
  • Annual Fee: None first year. $180 annually onwards.

* Efforts are made to maintain accurate information, however this is not guaranteed. You should review full credit card terms and conditions on the application websites, first.