The impact of choosing the right business credit cards

[Wednesday, June 29th, 2011]

If employees are increasingly complaining about their reimbursements not being made on time or if book keeping is taking up a lot of man hours, then it might be the right time to choose the business credit card. One of the key advices that the Better Business Bureau is giving business owners is to sign up for the best business credit cards from the lot available today.

One of the surveys conducted in 2009 by the Board of Governors of the Federal Reserve System reveals that close to 83% of the business owners own business credit cards. Of these card holders, 64% of them used these small business cards for business transactions while 47% used their personal cards.

If you are a small business owner, then this may perhaps be the best time to sign up for business credit cards. With the competition in the credit card industry heating up, there is no dearth of offers for credit cards in this segment. Businesses can take a pick from two types of cards – the regular small business card or the corporate credit cards. The size of the business and the person responsible for credit card debts are the two factors to take into consideration before making your choice.

While small business credit cards are best for small time entrepreneurs and work at home professionals, the corporate cards are best suited for big businesses that make over $2 billion in revenue each year.

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