What is the best business credit card?

Most of us carry an array of colourful credit cards in our wallets and purses – but wouldn’t it be so much better if someone else picked up the tab at the end of each month?!

A business credit card isn’t quite a financial free ride, but it’s a great resource to help your business run more smoothly and to regulate cash flow.

To begin with, business credit cards are very convenient and help you to monitor and track your spending. Your monthly statement becomes a ledger of all of your relevant business expenses, so you can see at a glance how much you’re spending each month – and where – to keep your business ticking along.

Also, it’s possible to get corporate credit cards that have uncapped or virtually unlimited spending limits, so you can maximise your purchase power and charge almost all of your business expenditure to your credit card account. With the right account, you’ll have up to 55 days from purchase date to pay for your item before interest rates kick in – and best of all, your purchases will be covered by your card issuer’s insurance.

There are also the reward programs and travel perks on offer, such as free airport lounge access and travel insurance. It’s not uncommon for business owners to charge hundreds of thousands of dollars worth of expenses to their card each month, before they pay the entire balance in full – and they reap rewards such as gift vouchers and electronics worth thousands of dollars per year as a result!

The best credit card for you is the one that offers the best mix of terms, conditions and rewards for your individual situation.

Capital One’s Business Platinum Credit Card offers the UK’s lowest annual percentage rate for small businesses, at just 12.9% p.a. fixed until August 2012 all on purchases and balance transfers. There’s no annual fee and you can order up to three additional cards, but be warned: this account is only open to applicants with blemish-free credit ratings.

If your business has an annual turnover of less than £3 million, the HSBC’s Commercial Card might be ideal. You can have up to eight credit cards per business with a negotiable credit limit, with up to 56 days of interest free credit.

For a premium business credit card, however, there is no other card like the Barclaycard Platinum Visa. It boasts a range of A-list extras, such as free access to over 450 VIP airport lounges, travel insurance worth up to £100,000 – and an International VAT Reclaim service that helps you claw back VAT for business expenses that you’ve incurred abroad.

Related posts:

1. Can my Online Business Receive a Business Credit Card? Getting a credit card for your online business is not...
2. Various Business Credit Card Offers It is easy to find the best business credit card...
3. Instant Business Credit Card An Instant Business Credit Card can be much hard to...
4. How Does a Corporate Credit Card Work? A corporate card works pretty much like a personal card....
5. Credit Cards For Business Credit cards for Small Businesses and Large Companies It...

Related posts brought to you by Yet Another Related Posts Plugin.