… Read More
To pay with cash or credit has long been a business owner’s dilemma. In one camp are those who use a debit card to pay for all their business expenses, and in another are business owners who use credit to cover their outlays. The right strategy for your business depends on your spending habits, the cash in your coffers, and your financial temperament.
Business debit card vs. credit card
Before you can make an informed decision about using a business debit card or a business credit card, you have to understand the differences between the two – and there’s a lot of them.
What is a business credit card?
Business credit cards give you access to a revolving line of credit that you can use to make purchases. In exchange, you pay interest and fees on your balance, known as the annual percentage rate or APR. The APR is the
… Read More
Cash-back credit cards aren’t only good for consumers. They can be a great way for business owners to maximize their savings – if they’re used responsibly.
The last thing any business owner wants is to rack up credit card debt, but if you can pay off your balance each month, cash-back credit cards can benefit your business in several ways.
What is a cash-back credit card?
A cash-back credit card gives users cash rewards every time they make qualifying purchases. Those points, or cash rewards, can be redeemed for a statement credit, a gift card or a check. Some credit card issuers offer flat-rate cash-back credit cards with rewards that apply to all your purchases; others focus on specific spending categories.
For small business owners who make a lot of purchases each month, a cash-back credit card can yield serious cash rewards. “Cash-back cards are even more useful for a