Glossary of Business Credit Terms

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Business Credit Card

What Is Business Credit Card?

Business credit card is a card specifically designed to finance your business related expenditures not your own. If you want to run your business smoothly, one of the simplest way to financially reinforce your company is getting yourself a business credit card.  Not only it will help you keeping a separate record of your business and personal expenses but it will also help you build credit. In addition, you can also get financial flexibility and a lot more.

How Does Business Credit Card Work?

They work almost in a similar way as personal cards do, but the credit card account is in your business's name. A business credit card allows users to borrow more money. If you submit all your repayments on time, it could help you build your business’ credit profile which in turn could help you get loans in the future.

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