The Benefits of Having a Small Business Credit Card

The Benefits of Having a Small Business Credit Card

  • August 10, 2022
  • By REIL Capital

As a small business owner, it’s highly important to be able to closely track and monitor your business’s cash flow and finances, especially right at the start of operations. This process can be intimidating, especially if it’s your first time handling a business. A great way to be able to track your records while purchasing the necessary goods and services beneficial to your small business is by obtaining a business credit card.

In this quick read, we’ll be tackling the different advantages of having a business credit card as well as the specific qualifications in order to get a hold of one. 


What You Need to Know Before Having a Small Business Credit Card

Having a credit card for your business ensures you keep your personal and business finances separately, therefore, there’ll be less confusion on your end when it comes to receiving issued statements. This helps track your expenses and makes creating budgets easier.

A business credit card should be handled just like a regular credit card, meaning, using it to repay short-term debts and avoid using it in situations where you need to finance a business or make a huge purchase that may be difficult for you to repay in a few months.


What are the Benefits of Acquiring a Credit Card for Your Small Business?

Improves Business Cashflow

You might be wondering how obtaining a business credit card improves the cashflow. Three things–inventory expenses, recurring payments, and unforeseen emergencies. A business credit card provides a buffer or temporary cushion for those instances when you need to cover certain expenses whether it be planned or unexpected.

Builds Your Small Business’s Credit

Acquiring a business card, especially when your company has no credit history to begin with, is an easy way to build credit. Using the credit card regularly and paying the bill on time puts your business at an advantage when you want to apply for financing since you’ve already established a good credit history.

Hassle-Free Qualification for Financing

Compared to applying for business financing, business credit card applications are relatively easier and simpler. Connecting it to the previous point, once you’ve compiled good credit history, then applying for financing will be much easier compared to if you didn’t have a credit card in the first place.


Similar to regular credit cards, business credit cards come with many kinds of rewards that are not accessible to consumers. These rewards are typically larger and would tailor to the needs of your company. This is because business owners spend much more compared to regular consumers.


How to Qualify for a Business Credit Card

REIL Capital offers business credit cards with up to a $200,000 limit and a 0% introductory rate in as little as two weeks. In order to qualify for a business card, your company must have been punctual in payments for the last 12 months. You must also be a bearer of a credit card with at least a $3,000 limit and another credit card or mortgage. Another requirement is to present a credit report that has no bankruptcy for the past 7 years and is also free of negotiated accounts with outstanding balances.


Acquire a Business Credit Card Through REIL Capital

Here at REIL Capital, we’re glad to provide your small business the opportunity to acquire a credit card hassle-free! Business credit cards are extremely beneficial especially to small business owners as a way to balance out cash flow and also proceed with inventory purchases, employee payroll, or project costs.  Apply for a business credit card today!

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