4 Reasons to Get a New Business Credit Card

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Last updated on August 15th, 2023

A business credit card can be a precious tool for any company. Here are four reasons why your business might need a new credit card:

Four Reasons Your Enterprise Should Consider a New Business Credit Card

Are you thinking of getting a new business credit card for your company? Here are four good reasons why a new card might be just the right idea:

Improved Cash Flow

Using a business credit card separates business expenses from personal finances, making tracking and managing your spending more manageable. This can help you maintain a healthy cash flow, allowing you to invest in your business and take advantage of opportunities.

Improving a business’s credit and cash flow can ensure its long-term success and stability. A strong credit score and healthy cash flow can open up new opportunities for the company, such as access to better loan rates and the ability to make larger purchases.

Enhanced Purchasing Power

Business credit cards provide access to higher credit limits and more flexible payment terms, allowing companies to make larger purchases or take on more significant projects. This can be especially useful if your business is growing or you need to invest significantly in equipment or inventory.

Credit cards, like the Ramp Card, provide companies access to up to 20X more capital, extended payment terms, and unparalleled software integrations to streamline finances – all for no annual fee. Another option, the Revenued Business Card Visa®, provides access to “Flex Lines,” which offers up to $100,000 in additional capital in as little as 24 hours.

More Rewards

Many business credit cards offer rewards and perks to help businesses save money and be more productive. These can include cash back on business expenses, discounts on travel, and access to business-focused tools and services.

Many premium business credit cards also offer travel protections and perks that can significantly improve business trips. Take the Business Platinum Card® from American Express, for example. Cardholders enjoy lounge access through Amex and Priority Pass, CLEAR® statement credits, and more.

Software Integrations and Simplified Record Keeping

Keeping business expenses can be time-consuming and tedious, especially if you use multiple payment methods. With a business credit card, all your business expenses are consolidated into a single statement, making it easier to keep track of your spending and prepare for tax time.

Perhaps no business card is better equipped for software integrations than the BILL Divvy Corporate Card. BILL (formerly Divvy) allows business owners to manage expenses and budgeting in an accessible, streamlined format. You can take advantage of easy dispute resolution, report drill-downs, simple reimbursements, spending notifications, instant categorization, and a two-step review process.

Summing It Up

Overall, a business credit card can be a powerful tool for any company. Using one can improve your cash flow, enhance purchasing power, enjoy more rewards and perks, simplify record keeping, and improve your credit score. If your business could benefit from a business credit card, it’s worth considering applying for one.

Related Article: Unique Features to Look for in a Business Credit Card

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About: Cory Santos
Cory Santos

Cory is the senior credit card editor at BestCards, specializing in everything credit card-related. He’s worked extensively with credit cards and other personal finance topics, including nearly five years at BestCards. Cory’s extensive knowledge is an essential part of the BestCards experience, helping readers to live their best financial lives with up-to-date insights and comprehensive coverage of all facets of the credit card space, including market trends, rewards guides, credit advice, and comprehensive credit card reviews.

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