Blog posts tagged with "Business Credit Cards"

As a business owner, you have many choices when it comes to almost every aspect of handling your finances. This is particularly true when it comes to choosing whether to manage your daily spending with a credit card or a debit card.

It should come as no surprise that small business credit cards account for $430 billion in spending in the United States. After all, for small business owners, these credit cards are crucial, as they fix cash flow issues and allow them to separate personal and business expenses.

The average business spends $200 per person per year on office supplies. Depending on the size of your business, that can really add up. Saving money on office supplies can help your bottom line, and might be useful if this is a big spending category for your business. In this post, we’ll discuss the Office Depot Business Credit Card so that you can determine if it’s right for your business.

Assuming you already have at least one business credit card, it could be in your company’s best interest for you to open another account. That said, additional credit can be a double-edged sword. Sure, you gain access to more credit which you can use to cover short-term cash flow deficits, but you also open yourself up to the risk of paying expensive penalties.

When evaluating business credit cards, the key is to match the card with your business needs. Regardless of how good the rewards are on a particular card, if those rewards only apply to a certain purchase that you don’t often make, that card isn’t a good fit for you. One way to determine a good fit is to evaluate business credit cards based on their perks, fees, and qualifications.

When running a business, it’s important to keep your business and personal finances separate. One way to do that is by using a business credit card. The reward programs offered with these cards often make them a valuable resource for business owners.

Given the potential for earning valuable rewards on business credit card purchases, it may seem logical to use a business credit card for personal purchases. In reality, covering personal expenses with a business credit card can seriously impact your business’s financial well-being.

Bank of America (BofA) is the second largest bank in the United States, with more than $2.2 trillion in assets and over 4,500 retail centers. Given the company’s huge presence and global brand, it should come as no surprise that many small businesses turn to BofA for financing. Credit cards are a popular way to secure financing, and in 2017 Bank of America ranked as the 4th largest credit card issuer in the United States.

As a small business owner, it’s important to separate your personal and business finances. One of the easiest ways to organize your accounts is by signing up for a small business credit card. Most business credit cards are easy to register for, offer benefits that cater to the business owners’ needs, and have generally flexible terms.

If you own a small business, your personal credit score may affect your ability to secure business funding. Ironically, one of the ways you can improve your credit score is opening a credit card account and making your payments in full and on time.