Simple Itemization – Good business credit cards offer quarterly and year-end statements, not just monthly statements. That can save a lot of time and hassle preparing year-end expense summaries for bookkeeping and tax purposes.

Build Business Credit – A business credit card gives your new small business the opportunity to build business credit. As your business grows you will be able to rely more on this business credit for loans or financing and you can avoid using your personal credit history to secure capital.

Tailored Rewards – For consumers, credit card rewards programs are nice, but they are not likely to add up to substantial savings. Not so with business credit cards. With rewards programs that are suited to small businesses you will earn cash back on everything from office supplies to phone services to travel. Depending on how much you charge each year, these rewards can provide a nice boost to your bottom line.

Manage Employee Spending – A final perk to business credit cards is the ability to control employee card use. Not only can you request an unlimited number of employee cards on the same account, you can set individual credit limnits for each employee, and monitor employee spending with individual employee credit card statements.

If you think a business credit card is right for you and your small business, take a moment to compare and apply for a business credit cards now.

Have more questions? Read the business credit card application FAQ.

What is the difference between business credit cards and consumer credit cards?

Business credit cards offer unique features that benefit small business owners that personal credit cards do not. These include: quarterly and annual itemized statements, rewards on things businesses use most like office supplies and travel, and the ability to issue employee cards with specified spending limits.

Do I need to have a business tax ID to apply for a business credit card?

No. You can apply for a business credit card using your own social security number as your tax ID.

Do business credit cards impact my personal credit score?

Yes. Unless you have established business credit, your business credit card will be tied to your personal credit history, and the failure to manage your business credit card account responsibly could negatively impact your personal credit score.

I am just a freelancer or sole proprietor. Can I get a business credit card?

Yes. Anybody can apply for a business credit card, even if you do business in your own name.

I have bad credit. Will I be approved for a business credit card?

Business credit cards typically require a good to excellent personal credit history. It is unlikely that you will be approved for a business credit card if you apply using your social security number and you have a poor personal credit history.

An employee of mine has bad credit or no credit. Can I get an business credit card issued for that employee?

Yes. Employee credit cards are issued under your account and will not need to be approved for the credit card individually. If they fail to use the credit card responsibly, however, it can affect both their credit history and yours. If you know you have an employee with credit problems, use the employee spending limit and individual statement features most business credit cards offer to carefully monitor their spending.