While there are pros and cons either way, the good news is that it can be perfectly acceptable to use a personal credit card for your business — as long as you follow certain best practices.
In sole proprietorships, the owner is allowed to co-mingle business and personal finances, so using a business card can help keep track of business expenses and separate them from personal expenses for accounting and tax purposes.
When you have so many card options vying for your business, the least they can do is help nudge your goals along! Here are the best business credit cards that also offer you valuable rewards.
Credit cards can also help your business develop a credit history, which is important should you want to secure business financing or more favorable credit terms in the future.
The industry continues to tout the many, many reasons why small businesses like yours need business credit, as well as the integral role it can play in taking your company to the next level.
Bank of America offers three primary business credit cards. It’s not uncommon for many banks to offer specific credit cards catering to business customers, with features and benefits that could help you cut costs upfront.
Here we’ll discuss several ways to evaluate business credit cards, so you can decide which one would be the best fit for your small business.