Credit cards are useful to borrow money from banks, to buy stuff – both things and experiences. It can be used to pay for simple weekly groceries in the neighborhood department store or pay for expensive holidays in exotic destinations around the world.

A specific period of time is given to repay the money as it is, without any interest. For any time taken over and above that, interest has to be paid on the amount of money borrowed, at different interest rates, and these rates depend on a lot of factors.

Credit cards can be used by individuals or businesses. Business credit cards are owned and used by businesses – multinational business corporations, proprietorships or everything in between the two extremes. The benefits of business credit cards are vastly different from that used by individuals.

First and foremost, for easy accounting and clean tax records, an independent credit card for business expenses is a must. It enables a clear distinction between private and company accounts. There is no confusion whatsoever, and profit and loss calculations are absolutely transparent and take less time to calculate.

Secondly, tracking business spending would be simple and analyzing where to curb and where to extend allocation of funds is made effortless.

To persuade companies, credit cards are offered with numerous attractive benefits to them. Huge rewards and perks are granted to those companies who sign up with certain banks, with the expectation that heavy business expenditure would happen over time, and cash-back offers are also granted for encouraging small businesses to make purchases at specific retail stores.

In addition to these, small businesses can benefit from having credit cards that allow them flexible repayment options for the money borrowed, in terms of the time period or the interest rates. Also, frequent traveling is an essential part of most businesses. Business credit cards provide reward points for this too, in terms of booking flight tickets, hotel stays and so on.

Choose from many options – a wide assortment of business credit cards are available in the market to meet the requirements of small business houses.