Maria Adams, Credit Cards Moderator
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Getting your first business credit card is beneficial because it often comes with a higher credit limit than a personal credit card. Business cards also come with better rewards; you can make the same purchases you normally would for your business and earn more points. Businesses can also distribute credit cards to employees as expense accounts. All eligible spending on an employee’s business card earns rewards toward your account.
5 Steps for Getting Your First Business Credit Card
- Check your credit, because most issuers will decide about your application partly based on your personal credit score
- Keep in mind that even a side hustle or freelancing makes you eligible for a small business credit card
- Find the business credit card that best suits your needs. Maybe you want travel rewards, or rewards you can redeem for business related purchases like office supplies. Weigh your options, but also your needs. By having higher credit limits, rewards business cards could be very lucrative
- Pay attention to the requirements and apply for the business card of your choice
- Be responsible by always paying your bills on time and possibly in full
Another great advice about business credit cards is to try to use them for business expenses only. It’s best to keep personal and business spending separate.Whatever your needs may be, you have plenty of good business cards to choose from.
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