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What plans do you have for your credit card balance in Jan 09?

What plans do you have for your credit card balance in Jan 09?

Home / Money / Credit Cards / Credit Card Types / Business Credit Cards

Business Credit Cards

Keeping personal finance separate from business expenses is made easy through the use of Business Credit Cards. 

A company can issue Business Credit Cards to employees to be used on company business expenses and benefit from an accurate record of all transactions. Read more...>

0% Purchases Typical APR
MBNA Self Employed Business credit card

MBNA Self Employed Business

Online account management, multiply cards for 1 a/c
3 mths 15.9%
Alliance and Leicester Business credit card

Alliance and Leicester Business

0% on BT for 9 months and purchases for 3 months
3 mths 15.9%
MBNA Business With Cashback credit card

MBNA Business With Cashback

0.5% cashback on all card purchases
3 mths 17.9%

For the employees, it is a system that prevents them from having to use their own money for work expenses which they later have to claim back. Paying for anything from hotel accommodation to office supplies on the Business Credit Card makes for easier accounting.

When a company chooses a provider for its credit cards it will be able to specify how many individual cards it needs. All of these cards will then be branded and separately accountable. 

Because a company Managing Director may need a higher credit limit than another member of staff, each card will be set with its own credit limit which then acts as a budgetary constraint. 

In terms of expected credit card benefits, Business Credit Cards generally offer many of the advantages seen in other cards. 

Reward schemes that allow users to accumulate points are often popular with Business Credit Card users. As travel is a major element in Business Credit Card use, many of the benefits reflect this, for example air miles and travel insurance.
 

Top Tips

  • Credit Card issuers are always keen to attract Business users so compare the incentives on offer
  • Check whether there are any fees associated with the Business Credit Card such as an annual fee
  • Try to get a Business Credit Card provider who will match your accounting model in terms of statements and requirements

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News

January 5 set to be busiest day for Balance Transfers
January 5 set to be busiest day for Balance Transfers

05-Jan-09

Day will see more than double the number of searches for ’Balance Transfers
Fairer terms from credit card providers
Fairer terms from credit card providers

12-Dec-08

Credit card rates have not decreased with the base rate

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