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Small business and corporate credit cards are both used for business transactions, but there are some key differences. Here’s what you need to know.
Many startups, LLCs, and sole proprietors can qualify for a business credit card. If your business doesn't have an established credit history, you can apply using your personal credit...
Business credit cards are specialized credit cards issued in the name of a registered business, and typically they can only be used for business purposes. Their use has grown in recent decades. In 1998, for instance, 37% of small businesses reported using a business credit card; by 2009, this number had grown to 64%.
Key takeaways. A business line of credit (LOC) can provide financing for larger business expenses but could be more difficult to qualify for than a business credit card. An LOC offers...
Business credit cards allow you to earn rewards on your spending and your employees’ spending. They can provide a helpful funding source for early business startup expenses
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