Having a credit card for your business is pretty much a no-brainer, but choosing the right card can be the tricky part. Different card issuers have dozens of different business credit card offers for companies, as well as small business credit cards for the sole proprietor. If you plan to get a new credit card for your business, think about getting a business rewards card so you can maximize the money you spend by gaining cash-back or other rewards.
Benefits of Business Rewards Cards
Business credit cards with rewards packages offer greater benefits than simple business credit cards. A few benefits of business rewards cards include:
Ability to easily and efficiently track your expenses and spending
Easier record keeping and downloadable data for bookkeeping
Multiple cards on the account for sharing with other employees and colleagues
Potential to earn cash back, travel rewards, or other perks based on your purchases
Rewards on top categories like travel, gasoline, and dining
Comparing Business Credit Cards
As you are checking out different credit cards for your business, keep in mind some of the most important factors when you compare one card to the next. You should consider the type of rewards and reward percentages, any applicable fees and interest rates, limits to rewards points, credit limit, annual fees, and other perks with your membership. Some credit card companies offer special members-only access to exclusive deals and even complimentary concierge services. Consider all of your options and find the business credit card that works the best for your business.