Monday, December 17, 2012

Top 7 tips for small Business credit card users


Top 7 tips for small Business credit card users!

  In today's economy, many business owners realise the importance of using credit cards. Using a business credit card can prevent money mismanagement and problems with the IRS. It also let others know including the IRS that you are a serious business owner who plans to be around for a while. There are many advantages of using a business credit card.

1.      One advantage of using a business credit card is that it allows you to easily track your business expenditures at the end of the year. With a business credit card, you will receive an itemise statement from the credit card company with a list of all of your transactions. This is great for a business owner who is not good with organising or keeping track of purchases. This is definitely better than trying to look through a pile of receipts.

2.      Another great reason to own a business credit card is that it allows you to build up your credit and business reputation. Once you have built up good credit, it makes it easier for the bank to give you a loan once they see that you have maintain good credit through your business credit card. This will be useful in the future if you decide to expand your business.

3.      Third reason is once you maintain good credit with your business credit card it opens the door for you to receive additional business credit cards in future. There are also many awards that are given such as discounts and office supplies. Using your credit card wisely can help your business to grow effectively and it teaches the business owner how to be responsible and manage their business and money wisely. These are all important factors if a business owner wants to grow and stay in business for a long time.

It is not easy being a business owner. However, if you start by learning how to manage your money wisely, then everything else will fall in to place. This is why many business owners choose to use business credit cards.

4.      Fourth reason that a business owner should use a business credit card is that it allows them to build up a solid credit rating especially if these expenses are paid off each month. With a solid credit rating, small business owners are easily able to receive money needed for emergencies, equipment for production and for the expansion of their business.

5.      Fifth reason is, more banks will be willing to give a small business owner loans that they need if they have established good credit by paying their credit card payments in a timely manner each month.


6.      Sixth reason for having a business credit card is that it allows you to sign up for automated billing. This means that all the bills associated with your business will be paid automatically each month. This allows you to focus on your business instead of worrying about paying bills each month.


7.      The seventh reason is that the company is building up a good reputation by using a business credit card. Besides gaining rewards and discounts from the credit card company, the business owner will be respected by their customers and other companies that they do business with. It also allows the company to apply for different loans like personal loans and payday loans that are very useful during unforeseen emergencies.

About the Author: The guest post was contributed by Diana, Passionate guest blogger from Manchester, UK. Find out more about her  blogs @financeport

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Artikel Terkait Top 7 tips for small Business credit card users

4 komentar:

repfixer January 7, 2013 at 11:57 PM  
This comment has been removed by the author.
repfixer January 8, 2013 at 12:03 AM  

This is really good in details and your work very nice.You have provide great information.
good business reputation

sigsoogca January 22, 2013 at 12:20 AM  

I would like to say thank you to the author of this site for spending more time and effort to share this interesting tips with us, I am sure your idea is working best for me to improve my small business.

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