Get Smart About Business Credit Cards: Tips From A Pro
The first thrill about starting a new enterprise is seeing the name of your creation on a business card. You want to hand them out to everyone you see friends, family, the kid who bags your groceries. Soon after youve registered your trade name, the credit card offers start cluttering your mailbox. Its flattering at first. You imagine going out to dinner, grabbing the check, and saying, its okay, its on the company. So you fill out one or two pre-approved applications and, like your business card, cant wait to use this little symbol of acknowledgement. A corporate card tells people youve arrived. Youre a legitimate business.
But it can also spell trouble.
The purpose of a business credit card is to have the convenience of charging legitimate business expenses. You avoid using a personal credit card and submitting receipts for reimbursement. You have the ability of making online and telephone purchases to expedite shipment. The revolving account helps you plan your cash flow. The statements provide a detailed accounting record.
Used wisely, a business credit card provides these important benefits...
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