So is there a difference in terms of what credit card Personal or business, you use for what transactions?
The answer very clearly is Yes.
Some people use their personal credit card for paying the bills of the small business they run. However, this is not what you should be doing. Personal credit cards are meant for just personal expenses and the business credit cards just for business expenses. So unless you want to utterly confuse yourself and spend hours together on sorting out business and personal expenses, you should not create this confusion in the first place. This confusion is very easy to avoid and just requires some discipline on your part. Just use your small business credit card for whatever spends you do for your business and the personal credit card for the personal expenses.
If you feel that getting the business expenses segregated is not much of a problem and you would rather use just your personal credit card, you need to re-consider using a small business credit card. This springs from the fact that the small business credit cards generally carry a lower APR as compared to the personal ones. So it makes more sense to make your business spends on your small business credit cards. Moreover, the small business credit cards also carry a reduced or no annual fee on them.
Also, the customer query resolution and support services are much better with the small business credit cards than with the personal credit cards. The credit card companies always give preferential treatment to the small business credit card customers. This is owing to the simple fact that small business owners are much bigger consumers of such services than the personal credit cards. Obviously, the needs of an enterprise are expected to be more than those of an individual. Moreover, if the business grows, it might create more customers for the credit card company (e.g. in the form of corporate credit cards).
There are times when one requires quick money for a short period of time. This can be due to some immediate purchase requirements which you are ultimately going to invoice your client to or some other unplanned/emergency expenses. In most of the cases you have a visibility of a month or so in which you are expecting your invoices to clear. Having the small business credit card can be more beneficial in such cases (as compared to a personal credit card).
Moreover, as with personal credit cards, the small business credit cards can also help in building your business credit rating. So when it comes to getting a loan for business expansion, you at least have something to show for the credit rating.
Small Business Website Design Do s And Don ts
For a small business a website can have a massive impact on whether that small business thrives or dies out. There are several very important differences between a website built for a large business and a website built for a small business. Its important that a small business and the website design company who builds the website for that small business are aware of those differences so that the website has the greatest positive impact.
First of all dont try to look and act like the big boys. If you are a small business please do not plaster your site with platitudes like family owned sin ..
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Benefits From Small Business Credit Cards
Imagine hiring an accounts keeping agent for free for your small business. This is what small business credit card does for you indirectly. However, this is not the only benefit. There are a lot of other benefits too. Its for these benefits that the small business credit cards have gained the status of a necessity today. Lets see what these benefits are.
1. Auto-segregation of business expenses
This is the most important benefit from using a small business credit card. You just have to ensure that you make all your business payments using your small business credit card and your monthly ..
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Rudy HadisentosaPersonal Vs Small Business Credit Card
