Small Business Credit Cards: How To Manage Your Business Credit Card

Any wise business owner uses small business credit cards. The benefits of using small business credit cards over your personal credit cards are far reaching. By separating the accounts you are able to ensure that your personal finance and your business spending are not intertwined. It can also help you manage the bookkeeping of your business by providing a monthly itemized list of expenditures.

Most credit card companies will even send you a yearly summary of your expenses. However, once you have your small business credit card you should take great care in managing that account and using all of the rewards that come with it.

Best Small Business Credit Card

The CitiBusiness Gold Credit Card is an excellent option for a small business credit card, giving you the benefits of better record keeping on your purchases and the ability to earn Qantas Frequent Flyer points

• $149(half-price annual fee in the first year) annual fee
• 0% p.a. for 4 months (reverts to 20.74% p.a.) on purchases
• 0% p.a. for 4 months on balance transfers
• Cash Advance Rate of 21.49% p.a.
• 55 days interest free
• Minimum Income Requirement of $30,000 p.a.

Read the Citibank CitiBusiness Gold terms and conditions.

Managing small business credit cards:

• Apply for a small business credit card at your current bank. Since you probably already have a relationship with this institution it will help with the process for what will likely be a high credit limit.
• Try to only have one credit card instead of multiple cards. Each card you apply for, even when it is approved, pings your credit report negatively. So keeping just one card will avoid these negative points.
• Use the on line services offered by the credit card company. This will save you both time and money in the long term by avoiding trips to the bank teller and phone transactions.
• If it is at all avoidable do not use the cash advance option on your small business credit card. Cash advances have higher fees then regular purchases. If you need funds right away you should use your business account debit instead.
• Pay your bill on time. Late fees can be extremely costly. Your company might increase your interest rates due to late payments, both of these things can quickly overcome the value you are getting from your credit card.
• Take full advantage of the grace period by using it for all of your spending needs. Doing this will improve your cash flow because the grace period is usually longer then the time it would take for a check to clear through the bank. You will also avoid added interest which equals a lot of money by paying your full bill off each month.

A business owner should take as much care in managing their small business credit card as they do with the business itself. Be responsible with spending and payments and you will have a long and rewarding relationship with your credit card company.

Check out today's featured offers:

Westpac Low Rate	Citibank Clear Platinum	Qantas AMEX Discovery	ANZ Platinum
0% p.a. for 6 months on purchases & balance transfers	2.9% p.a. for 12 months on balance transfers	$0 annual fee Up to 10,000 Bonus QFF Points	0% p.a. for 6 months on purchases & balance transfers

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Popular Credit Card Offers

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	Westpac Low Rate Card - 0% Offer	A credit card with a low rate offer on both balance transfers and purchases, plus a low annual fee.	0% for 6 months (reverts to 13.49% )	0% for 6 months	$45	21.49%
	Citibank Clear Platinum Card	Competitive interest rate on purchases and balance transfers offer.	11.99%	2.9% for 12 months	$99	21.74%
	St George Vertigo	Take advantage of this great offer from St.George with a low rate on purchases and a low balance transfer offer.	13.24%	0.99% for 12 months	$55	21.49%
	ANZ Platinum Credit Card	An introductory interest rate offer on balance transfers and purchases, plus a $0 first year annual fee.	0% for 6 months (reverts to 19.24% )	0% for 6 months	$0 annual fee for the first year( $87 thereafter)	20.99%