Small business credit cards provide business owners with easy access to a revolving line of credit with a set credit limit in order to make purchases and withdraw cash. Like a consumer credit card, a small business credit card carries an interest charge if the balance is not repaid in full each billing cycle.
What happens if you use a company credit card?
Using your corporate credit card could also potentially result in having your account shut down. By charging personal expenses to the card, you’re in violation of your card agreement, and the card issuer could technically close your account if it finds out.
Why do I need a business credit card?
A business credit card can also help you to manage your cash flow as you can preserve your cash flow by making purchases on a credit card that offers periods up to 59 days interest-free credit on purchases. There are a variety of business credit card providers in the market and we have taken a look at what they can offer below.
Which is the best credit card for businesses in the UK?
Some of the features and benefits of American Express’ business credit card. American Express is an international recognised card brand that offers businesses in the UK a selection of business charge cards.
How much does a business credit card cost?
Their business credit card is free for the first year then £32 annually after that and additional cards are available on request. They offer a tailored credit limit to meet your needs and borrowing status.
Why does Yorkshire Bank offer a business credit card?
Yorkshire Bank is a financial provider that offers businesses a wide range of services which includes business credit cards. They offer their business credit card as a means of helping you to manage your finances more effectively as you can track expenditure better and free up cash flow with SmartData.