business credit cards
A business credit card can help you manage the finances of your
company, particularly when your outgoings are likely to exceed
available funds.
The potential benefits of having a business credit card are
considerable. It can help with various areas of running your
business, from booking travel arrangements to paying for purchases
of suplies from wholesalers.
Credit cards for small businesses can also be
useful when unexpected investment opportunities arise and you need
fast access to funds. However, some banks require you to have
an active current account before you are eligible for their small
business credit card.
Supplementary card holders
It is usually possible to add supplementary card holders
which enables business owners to track who is spending what,
but some banks charge for the privilege, so check out the terms
before signing up.
Many issuers provide facilities for you to track individuals'
spending and to keep control of outgoings by imposing spending
limits on each cardholder’s usage.
Discounts and rewards
A number of business credit cards enable you
to clock up air miles, rewards and discounts off certain products
and services based on the level of spending you incur. Some
business cards include travel insurance cover for all card holders,
but you need to check the small print to ascertain the extent of
such cover.