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guide of business credit cards
8 Jul 2018

Little guide of business credit cards

Sole proprietors and business owners a like have many financial options available to them when looking for credit for their companies. One of these options is by getting business credit cards. These are a form of credit card that is designated to the company and used only for company expenses. It is a great means of providing credit for your company and helping to manage expenses with ease.

When looking for credit cards for your business, you want to be sure that you are getting what is best for your needs. Business credit cards make it easy to pay for business expenses and keep them localized.

What is a business credit card?

It is a card that works a lot like a personal credit card, but is used solely for business purposes. They enable you to take your business to the next level and allow you to put expenses under one umbrella, which in turn makes bookkeeping and financial records easier to keep track of.

Advantages of business credit cards

  •  Generally they have a higher limit than personal credit cards.
  • Provide the opportunity for business owners and operators to do work more efficiently. 
  • There is the potential to get a card that will have rewards that are pertinent to your business. 
  • Makes it easier for you to manage your money and unexpected expenses. 

How to qualify for a business card?

If you are a business owner, either sole proprietor or have a business that is incorporated you can qualify. If your business is under your name, there are still types of business credit cards you can qualify for. 

Generally, you will have to provide some supporting documents when you apply for your business credit cards. These documents can include:

  • Business license. 
  • Financial records
  • Tax information 
  • Partnership agreement if applicable. 

When you go to apply for your business credit cards, you will be directed as to which of these documents are necessary. 

Here at Bonsai Finance, we can help you find the lender that is right for you when it comes to choosing a credit card. There are so many on the market that it can be difficult to narrow down your choices. 

How Bonsai experts can help

  • Scout various lenders.
  • decipher the terms and conditions.
  • Listen to what your needs are.
  • Provide clarity between lenders.
  • Help you make the decision that suits your needs.

Here at Bonsai Finance, we only deal with reputable lenders who will provide you only what you need. Our experts can help provide a clear line of sight into what your options are regarding business credit cards and what options are best suited to your businesses financial practices. 

You want to be able to choose a credit card for you business that will make your finances easier and therefore, you don’t want to complicate things. Also, depending on what you business needs may be, we can help you choose the rewards that are best suited for you. If you fly a lot for business or do your travels by car, this can impact the decision you make when it comes to choosing the right credit card for your establishment. We can help you determine those needs and only provide you the best options. 

The variety of business credit cards out there can be overwhelming when trying to decide on what is best for your business. There are all kinds of different options that can easily make the decision difficult for you. Let our team of experts help you find the right lender and card for you so that you can optimize the use of only the proper business credit cards for your needs and wants.