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Do You Need a Credit Card for Your Business?

/ BY / Small Businesses

Business credit cards provide many benefits for the owners of small to medium-sized companies. That's encouraged their widespread use; according to recent report from the Federal Reserve, 83 percent of small businesses used credit cards at the end of 2009. One reason for the popularity of business credit cards is their convenience. Business owners who use a single credit card for both personal and business expenses can find it difficult and time-consuming to separate the two categories at tax time. But with a dedicated card for business, those owners have an accurate and easy way of keeping track the purchases that are related only to their businesses...

 

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