ITSeriesTech
  • Technology
    Successful SEO Strategy

    The 3 Areas of Development You Need for a Successful SEO Strategy

    payment method of Bitcoin

    How is it the perfect payment method of Bitcoin?

    Bitcoin trading

    Bitcoin trading – Some must-know tips!

    Bitcoin trading

    Bitcoin trading – What things you need to avoid?

    mine bitcoins

    A descriptive guide that will assist you in mine bitcoins

    Healthcare cyberattacks

    Healthcare cyberattacks on the rise, but the sector is not prepared to deal with them

    lockdown

    The Biggest Challenges Lockdown Has Created For Tech Companies

    pdf

    PDFBear: A Fantastic Tool to Convert Excel to PDF Online

    watch

    Buying Guide: 5 Things You Should Know About Luxury Watches

  • Business
    Learning The Craft Of Debt

    Learning The Craft Of Debt: Tips And Tricks To Deal With Credence Resource Management

    Tudor Watches

    Hot Picks: TOP 5 Tudor Watches That You Should Buy Now

    Interesting Facts About Hublot

    Interesting Facts About Hublot That You Should Know! 

    Supply Chain

    Supply Chain and Its Trends in 2021

    Bottlenecks in Your Business

    How to Address Common Bottlenecks in Your Business and Supercharge Growth

    The job seekers

    How the career guidance test can help potential employees in the coming years

    Choosing A Business Credit Card

    Choosing A Business Credit Card? Here Is Everything You Need To Make The Right Choice

    Business Use White Pages

    Why Should Your Business Use White Pages?

    Productivity Audit On Your Own Office

    How To Perform A Productivity Audit On Your Own Office

  • Marketing
    Marketing Adaptations

    5 Marketing Adaptations You Need to Thrive in the COVID-19 Era

    Social Media Audiences

    Optimizing Your Social Media Audiences With Lookalikes And Influencers

    market research in 2021

    How should IT companies approach market research in 2021?

    Seo Research

    6 Amazing Tools For SEO Research To Generate Content Ideas

    Email Design

    Email Design Hacks to Ensure Flawless Rendering

    Benefits of Local Seo

    5 Benefits of Local Seo to Your Enterprise

    Real Estate Investors

    Digital Marketing for Real Estate Investors in the COVID-19 Era

    SEM Strategies

    How to Improve Your SEM Strategies?

    Craigslist Success

    4 Steps Toward Craigslist Success

  • Social Media
    • All
    • Instagram
    • Whatsapp
    IGTV For Marketing Purposes

    All You Need To Know About Using IGTV For Marketing Purposes

    Social Media Marketing

    What Skills are Needed for Social Media Marketing?

    Customer Engagement

    4 Reasons Why Social Media Is The Best Platform For Customer Engagement

    Online Community

    5 Ways to Introduce Your Business Through the Online Community

    Social Media Analysis

    Top 4 Social Media Analysis that Companies Should Use when Creating Brand Awareness

    whatsapp msg

    Latest GB WhatsApp, Features, Download and Install Guide

    A Detailed Guide to the Enormously Growing GB Insta

    A Detailed Guide to the Enormously Growing GB Insta

    instagram

    OG Insta Download v.10.14.0 [OG Instagram APK]

    whatsapp plus

    Whatsapp Plus APK v.8.50 – (Latest Update May, 2020)

  • Apps & Software
    money transfer

    4 Trustworthy Apps To Move Your Money

    Mangastream

    What Is Mangastream – 20 Best Alternatives Of Mangastream

    Record Your Computer Screen

    4 Screen Recorders to Record Your Computer Screen Via the Browser

    Screen Recorders and Video Emails

    Screen Recorders and Video Emails – What You Need to Know

    Using a VPN

    4 Situations When You Will be Thankful for Using a VPN

    educational apps

    6 Best Educational Apps for Android and iOS devices

    Apps For Pool Owners

    5 Best Safety Apps For Pool Owners

    Hack An iPhone

    How To Hack An iPhone in 2020 (Easiest Hacks Ever!)

    Keyloggers for Beginners

    Top 3 Android Keyloggers for Beginners 2020

No Result
View All Result
  • Technology
    Successful SEO Strategy

    The 3 Areas of Development You Need for a Successful SEO Strategy

    payment method of Bitcoin

    How is it the perfect payment method of Bitcoin?

    Bitcoin trading

    Bitcoin trading – Some must-know tips!

    Bitcoin trading

    Bitcoin trading – What things you need to avoid?

    mine bitcoins

    A descriptive guide that will assist you in mine bitcoins

    Healthcare cyberattacks

    Healthcare cyberattacks on the rise, but the sector is not prepared to deal with them

    lockdown

    The Biggest Challenges Lockdown Has Created For Tech Companies

    pdf

    PDFBear: A Fantastic Tool to Convert Excel to PDF Online

    watch

    Buying Guide: 5 Things You Should Know About Luxury Watches

  • Business
    Learning The Craft Of Debt

    Learning The Craft Of Debt: Tips And Tricks To Deal With Credence Resource Management

    Tudor Watches

    Hot Picks: TOP 5 Tudor Watches That You Should Buy Now

    Interesting Facts About Hublot

    Interesting Facts About Hublot That You Should Know! 

    Supply Chain

    Supply Chain and Its Trends in 2021

    Bottlenecks in Your Business

    How to Address Common Bottlenecks in Your Business and Supercharge Growth

    The job seekers

    How the career guidance test can help potential employees in the coming years

    Choosing A Business Credit Card

    Choosing A Business Credit Card? Here Is Everything You Need To Make The Right Choice

    Business Use White Pages

    Why Should Your Business Use White Pages?

    Productivity Audit On Your Own Office

    How To Perform A Productivity Audit On Your Own Office

  • Marketing
    Marketing Adaptations

    5 Marketing Adaptations You Need to Thrive in the COVID-19 Era

    Social Media Audiences

    Optimizing Your Social Media Audiences With Lookalikes And Influencers

    market research in 2021

    How should IT companies approach market research in 2021?

    Seo Research

    6 Amazing Tools For SEO Research To Generate Content Ideas

    Email Design

    Email Design Hacks to Ensure Flawless Rendering

    Benefits of Local Seo

    5 Benefits of Local Seo to Your Enterprise

    Real Estate Investors

    Digital Marketing for Real Estate Investors in the COVID-19 Era

    SEM Strategies

    How to Improve Your SEM Strategies?

    Craigslist Success

    4 Steps Toward Craigslist Success

  • Social Media
    • All
    • Instagram
    • Whatsapp
    IGTV For Marketing Purposes

    All You Need To Know About Using IGTV For Marketing Purposes

    Social Media Marketing

    What Skills are Needed for Social Media Marketing?

    Customer Engagement

    4 Reasons Why Social Media Is The Best Platform For Customer Engagement

    Online Community

    5 Ways to Introduce Your Business Through the Online Community

    Social Media Analysis

    Top 4 Social Media Analysis that Companies Should Use when Creating Brand Awareness

    whatsapp msg

    Latest GB WhatsApp, Features, Download and Install Guide

    A Detailed Guide to the Enormously Growing GB Insta

    A Detailed Guide to the Enormously Growing GB Insta

    instagram

    OG Insta Download v.10.14.0 [OG Instagram APK]

    whatsapp plus

    Whatsapp Plus APK v.8.50 – (Latest Update May, 2020)

  • Apps & Software
    money transfer

    4 Trustworthy Apps To Move Your Money

    Mangastream

    What Is Mangastream – 20 Best Alternatives Of Mangastream

    Record Your Computer Screen

    4 Screen Recorders to Record Your Computer Screen Via the Browser

    Screen Recorders and Video Emails

    Screen Recorders and Video Emails – What You Need to Know

    Using a VPN

    4 Situations When You Will be Thankful for Using a VPN

    educational apps

    6 Best Educational Apps for Android and iOS devices

    Apps For Pool Owners

    5 Best Safety Apps For Pool Owners

    Hack An iPhone

    How To Hack An iPhone in 2020 (Easiest Hacks Ever!)

    Keyloggers for Beginners

    Top 3 Android Keyloggers for Beginners 2020

No Result
View All Result
It Series Tech
No Result
View All Result

Choosing A Business Credit Card? Here Is Everything You Need To Make The Right Choice

by John Morris
March 19, 2021
Reading Time: 4 mins read
0
Choosing A Business Credit Card

Starting and running a business is a daunting task. You need to multi-task and manage several different things at once daily. Many of these decisions have a significant financial impact.  One of them is deciding to get a business credit card.

Table of Contents

  • RELATED POSTS
  • Learning The Craft Of Debt: Tips And Tricks To Deal With Credence Resource Management
  • Hot Picks: TOP 5 Tudor Watches That You Should Buy Now
  • Interesting Facts About Hublot That You Should Know! 
  • How Are Business Credit Cards Different From Personal Credit Cards?
  • Track Business Spends
  • Charge Cards Or Credit Cards?
  • Reward Points
  • Fees vs Perks
  • Signup Bonus
  • In Conclusion

RELATED POSTS

Learning The Craft Of Debt: Tips And Tricks To Deal With Credence Resource Management

Hot Picks: TOP 5 Tudor Watches That You Should Buy Now

Interesting Facts About Hublot That You Should Know! 

Do you really need a separate card for business? Yes, you do. It is essential that you keep your personal and business finances separate. This way, even if something does go wrong on one side, it does not impact the other side. It also makes it easier to calculate your business expenses for tax purposes.

When you decide to get a personal credit card, you would start by understanding the various terms and conditions and other factors that you need to consider to choose the best one for you. The same applies to business credit cards as well.

Here are some things that you need to know to make sure that you are selecting the best business credit cards in India.

How Are Business Credit Cards Different From Personal Credit Cards?

The intent and purpose of getting a personal credit card and a business credit card are different. It follows that there will be many differences between them. It is pertinent that you understand them so that you can make an informed choice.

The foremost difference is that unlike your personal credit cards, business credit cards are not covered by the CARD Act. The CARD Act ensures that creditors have enough time to pay bills, the interest rates cannot be increased retroactively, sets a limit on the annual fees and makes it easier to pay the credit card debt.

While many companies do offer some of these protections to business credit cards as well, it changes from creditor to creditor.

Despite being a business credit card, you are personally liable for making the payments on time. It also means that if your business revenue is insufficient to pay the credit card bills, then you have to pay them from your personal finances.

The expense and needs of a business are much greater than those of an individual. Accordingly, the credit limit of a business credit card is much greater than that of a

Track Business Spends

When you make all your business purchases using the business credit card, it becomes easier to track and analyze your spending. You can issue business credit cards to your employees. If most of the transactions are carried out by your employees, then employee credit cards that are linked are a must.

You can track the expenditure of all the cards from a single location. It can ease your budgeting process. It can also help you identify areas where there is excessive spending without much of a result. You can then trim the expenditure in such areas.

Charge Cards Or Credit Cards?

When it comes to business credit cards, there are two types of cards – charge cards and credit cards. Both work in the same fashion when you are using them for making purchases. However, their credit limit and bill payment procedure differ.

Charge cards have an almost unlimited credit limit. You can use them to make high-priced purchases. But you cannot carry forward the balance on the charge cards. You have to pay the bill in full within the specified deadline.

Credit cards may have a credit limit, but they also give you flexibility in paying the bills. Many business credit cards also offer 0% APR for a limited period of time in the beginning.

If your business requires you to spend large amounts while using your credit card and you are sure that you have enough cash flow to pay the bills promptly, then you should opt for charge cards. In all other situations, credit cards work in your favor.

Reward Points

Just as with personal credit cards, you can choose business credit cards that offer the most reward points for the area where you spend the most. You should start by analyzing how you will be using the credit cards.

Will you be traveling a lot? Do you have to take clients to dinners before fixing a deal? Does the business require traveling by road?

Once you have the answer to these questions, you can select a card that offers maximum rewards for the area where you spend the most. It will help you save money in the long run when you convert the reward points to usable miles or for cashback.

If you are finding it difficult to categorize your expenses, then consider getting a card that offers relatively good reward points across the board.

Fees vs Perks

Most of the business credit cards have an annual fee. The annual fee may even be higher than that of personal credit cards. You should weigh the benefits of using the credit card against the annual fee to make the right choice.

A high annual fee may not be a problem if it also offers higher rewards and other perks that are suited to your business. You may save much more than the fees. However, if that is not the case, you end up at a loss.

Some of the perks to consider are interest rates, insurance, financing options, purchase protection, etc. Many companies offer 0% APR for the first year or so. During this time, your spending on the card becomes similar to a no-interest loan. You can use this to finance your business when you are having trouble getting financing from banks.

Signup Bonus

Another factor to consider is the signup bonus offered by the credit card. Since businesses will have higher expenditure when compared to an individual, the signup bonus should also be higher.

You should also see if the signup bonus is suited to your business needs. There is no point in having a large signup bonus if you won’t use it. Signup bonuses can cover many expenses and help you cut costs in crucial times.

In Conclusion

Business credit cards help you keep your personal and business finances separate. However, your CIBIL score can still impact the interest rate you get for the business card. If your CIBIL score is not great, you can check out how to improve CIBIL score and do the needful before getting a business credit card.

Keep the above-mentioned points in mind, and you will be able to select a card that offers significant benefits to your business.

5 / 5 ( 1 vote )
Share61Tweet38Pin14

John Morris

John Morris is a passionate writer and blogger with a range of experience in the world of tech publishing. John covers everything from Technology including Big Data, Ai to Apps Reviews.

Related Posts

Learning The Craft Of Debt
Business

Learning The Craft Of Debt: Tips And Tricks To Deal With Credence Resource Management

April 12, 2021
Tudor Watches
Business

Hot Picks: TOP 5 Tudor Watches That You Should Buy Now

March 24, 2021
Interesting Facts About Hublot
Business

Interesting Facts About Hublot That You Should Know! 

March 24, 2021
Supply Chain
Business

Supply Chain and Its Trends in 2021

March 19, 2021
Bottlenecks in Your Business
Business

How to Address Common Bottlenecks in Your Business and Supercharge Growth

March 19, 2021
The job seekers
Business

How the career guidance test can help potential employees in the coming years

March 19, 2021
Next Post
The job seekers

How the career guidance test can help potential employees in the coming years

market research in 2021

How should IT companies approach market research in 2021?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Posts

Record Your Computer Screen

4 Screen Recorders to Record Your Computer Screen Via the Browser

December 24, 2020
Finance Technology

The Impact of Finance Technology in the Modern World

September 23, 2020
Online Courses For Lean Six Sigma

Excellent Online Courses For Lean Six Sigma Training Camp Lean Manufacturing Training

March 18, 2021

Popular Posts

  • Spotify Premium APK v8.5.87.921 [Latest Update, No Root]

    Spotify Premium APK v8.5.87.921 [Latest Update, No Root]

    38820 shares
    Share 15532 Tweet 9704
  • Lucky Patcher Download Latest v8.7.4 [Latest May, 2020 Update]

    7462 shares
    Share 2984 Tweet 1865
  • GB Instagram APK v1.70, Latest Update Download

    3628 shares
    Share 1451 Tweet 907
  • WhatsApp Aero APK v8.5 Download [Antiban, Latest Version]

    3338 shares
    Share 1335 Tweet 834
  • Faceapp Pro APK v3.4.1 Download

    2460 shares
    Share 986 Tweet 614

IT Series Tech is a blog about Technology, Business and Marketing niches.
Find the latest articles covering the topics especially APK, Mobile Apps and Trends in Tech in 2021.

Recent Posts

  • Learning The Craft Of Debt: Tips And Tricks To Deal With Credence Resource Management
  • The 3 Areas of Development You Need for a Successful SEO Strategy
  • 5 Marketing Adaptations You Need to Thrive in the COVID-19 Era

Navigation Menu

  • About Us
  • ODF Alliance
  • Privacy Policy
  • Terms of Use
  • DMCA
  • Contact Us

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Technology
  • Business
  • Marketing
  • Social Media
  • Apps & Software

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.