Business Credit Cards

Written by Kathleen Gagne
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When it comes to tracking company expenditures, nothing beats a great business credit cards package. Whether you have one employee or a thousand, knowing who is spending what, where, and when can be a key factor in managing your cashflow and enhancing your bottom line. Not only do you enjoy the advantage of accurate and timely purchasing records, you can also reduce the amount of time your in-house staff spends on tracking expenses for travel, hotels, and petty cash purchases.

Business Credit Cards Options

Most major credit card companies offer one or more plans for business credit card solutions. Some of the choices you have include a single monthly bill including all of your employees' purchases, multiple invoices, or a combination of both. Generally, you will also have the option of obtaining an annual report of all expenditures.

Business credit cards can come with many of the same perks as individual cards when it comes to things like zero percent balance transfers for up to a year, no annual fees, and impressive credit lines. You can also get cards for your employees with no individual card fee. Most companies allow you to set credit limits for your employees in advance.

One of the main perks of having credit cards for your business is that you and your staff can take advantage of sales and discounts on the spot when the need arises. Instead of waiting for a tedious purchase order process, you can get the products and services you need when you need them. Credit cards are ideal for small businesses when there is a gap between billing and payments or when you are looking to expand.

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