Choosing the Right Business Credit Card
For a business owner, a credit card is more than a way to pay for things—it’s a powerful financial management tool. Using a dedicated business credit card is a fundamental step toward organizing your finances, tracking expenses, and potentially building your business’s own credit history. This guide will walk you through the key considerations for choosing the right business card, ensuring it supports your company's growth rather than hindering it. For a general review of how to match a credit card to your specific spending habits, see our Guide to Using Credit Cards for Specific Spending Habits.
Business cards vs. personal cards: A crucial distinction
While you can technically use a personal card for business expenses, it is not recommended. Separating your business and personal finances is a crucial step for any business, regardless of its size.Key features to evaluate
When comparing business credit cards, consider what features will best serve your company’s needs.1. Rewards structure
Your business’s specific spending patterns should drive your choice of rewards.2. Expense tracking and management
The best business cards offer robust tools to help you manage and report spending.3. Fees and interest rates
Never assume business cards have the same consumer protections as personal cards. Be vigilant about understanding the costs.The application process
Your personal credit history often plays a significant role in getting approved for a business card, especially for new businesses.Related credit card topics
Found this guide helpful? Bookmark it for future reference as you continue your financial journey!
FICO Credit Scores
A credit score is a number generally between 300-850, based on a statistical analysis of a person's credit files. This score represents the credit worthiness of a person. A credit score is assigned to each individual, to rate how risky a borrower he or she is--the higher the score, the less risk the individual poses to creditors. In most cases, your credit score will determine whether you will be approved for a credit card.
What is a Credit Score?
A credit score is a number generally between 300-850, based on a statistical analysis of a person's credit files. This score represents the credit worthiness of a person. A credit score is assigned to each individual, to rate how risky a borrower he or she is--the higher the score, the less risk the individual poses to creditors. In most cases, your credit score will determine whether you will be approved for a credit card.
Credit Score Facts
- Credit Scores range from 300-850, the higher the better.
- Most lenders base approval on your credit score.
- Higher Scores mean lower payments and better deals.
- Higher Scores mean Lower interest rates.
- Scores are determined by 5 main categories:
- Payment History
- Amounts Owed
- Length of Credit History
- Type of Credit Used
- New Credit
Note: Credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any credit card product.
Security Notice: Security Notice: All Applications utilize Secure SSL Technology for secure transmissions.
*See the online credit card applications for details about terms and conditions of credit card offers. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the " Apply Now " button you can review the credit card terms and conditions on the credit card issuer's web site.
Advertiser Disclosure: The card offers that appear on this site are from companies from which www.Gettingacreditcard.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). www.Gettingacreditcard.com does not include all card companies or all card offers available in the marketplace.
© 2006-2025 GettingACreditCard.com, All Rights Reserved.