Compare Business Credit Cards

Published on 21 July 2012 by Raffick Marday

Compare Business Credit Cards

What can a Business Credit Card do for my Business?

Having a business credit card account can make your business run smoothly and can provide additional support to your business life. If used properly could save you time which is the most important factor of any business. It is like having another accounts employee that deals with all the little purchases you need to make on a monthly basis and more importantly separating your personal credit cards from you business credit cards as this can cause a strain on your personal credit facility. Above we have listed one of the business credit cards that offers cash back that can save and earn you money when using your credit card. To see what it could bring to your business, you’re invited to look through the various card offers in this website.

Once you have secured a card account for your business, you’ll wonder how you ever managed without it. It can help you in almost every area of running your business from accounting to travel arrangements to earning cash back.

Your Business credit card is also extremely handy when you need to respond quickly to an unexpected opportunity or situation.

Do I need to have an Business account with the bank?

This depends on the issuing bank. Some issuers require you to hold your current account with them in order to be eligible for you to have business credit card account. Others such as Barclaycard Business do not. Please read the terms and conditions carefully before you apply.

Reduce financial management restraints

By providing your staff with business credit cards you can minimise the amount of cheques your business raises and the needs to have petty cash on your premises. In addition it also replaces the need to organise traveller’s cheques and foreign currency when staff are traveling abroad. They can prove to be effective tools in minimising administration and the time spent reconciling expenses. They can also help you for future budgeting and forecasting.


Business Credit Card accounts come with no liability clauses for fraudulent use of your cards if they are lost or stolen providing you notify the issuer as soon as it cannot be found. Some business credit card providers online guarantee; with more business travellers booking travel online, this guarantee can cover the business for any un-authorised e-commerce transactions.

Have stronger financial control

Whatever market your business operates in, current economic conditions dictate that one factor is common to its success: strong, focus financial control. If you’re running a small, medium or large business, you should take immediate advantage of the increased control made possible by business card accounts.

Many credit card issuers have designed specific business tools to make managing travel and entertainment expenses easier for all concerned. From employees through to the accounts department, a corporate charge card can help streamline processes, reduce the time spent interpreting expenses and assist with budgeting.

Minimise the time administering expenses

Reduce and save time on administration on reconciling expenses alone if you work out how much time your staff currently takes to do this and how many times a month how much time and money is it costing your business. What’s more, the spending on all you cards appears on monthly and yearly statements. All you expenditure is out onto one account so there’s only one monthly payment to make. Most issuers make it simple to pay your bill with one simple direct debit payment each month. This helps ease cash flow through the business

Another key feature of business cards is that you control the individual spending limits for each cardholder. The spending limit of each card can be set, changed or cancelled at any time. You can even specify limits on different types of spend.

Many business card accounts have added accounting features such automatic assignment of each transaction to an expenditure category. For example, the costs of Fuel will go in one category and taxi receipts and say travel tickets will appear in the Travel expenses category giving you your business monthly spending arrangements at a glance, all fully tracked giving you peace of mind..

A business credit card account will save you time and energy tracking your expenditure. With monthly statements giving you a breakdown of spend on every credit card. You can monitor your entire business spend and make just one monthly payment.

You can even request a at the end of the tax year you’ll get a free annual management report that breaks down the entire year’s business expenditure by card and then category: travel, insurance, stationary, fuel and so on. So there’s no need to spend hours trawling through old statements and searching for receipts. Some credit card issuers even have special arrangement with the Inland Revenue such that VAT calculations and proof of purchase receipts are automated making paper copies unnecessary.

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