Credit Cards for your Business

Business Credit Cards
by Nan Wood

If you are a small business owner and sometimes require some short term funding, one of the best ways to accomplish this goal is with a business credit card. Business credit cards are extremely convenient for small businesses and in many cases essential for them to do business.

Many small businesses need to buy thousands of dollars worth of goods or services which will be reimbursed either in the next few days or within a months time, having the money to purchase inventory is extremely important and business credit cards are an easy way to accomplish this goal.

Most business credit cards work differently than unsecured consumer credit cards. For instance, instead of having a rotating credit limit which can be paid off over the course of a few months, most business credit cards such as American Express requires the business to pay off the entire balance at the end of the month. For most consumers, this would be a nightmare, but since many businesses have a different type of cash flow, it usually works out fine.

Many business credit cards usually cost the business an annual fee, plus other fees including interest. Besides the use of the card, many business credit cards come with lots of great services, such as concierge services, B2B directories and help locating legal advice or small business advice.