The right small business credit card can mean smooth cash flow, simplified paperwork come tax time, streamlined purchasing for your employees and even valuable rewards that can benefit your bottom line.
Credit cards, though, can also offer the purchasing power you need to take your business to the next level, even if that means you’ll need a few extra months to pay off your purchases. The key is finding a low interest small business card so you can pay as little as possible in interest while you work to pay off your purchases.
Keep in mind that there’s no requirement you can only use a card marketed as a “Small Business Card” for your small business. Your accountant will thank you if you keep your personal expenses and business expenses separate, but you can do that using two separate personal credit cards or one personal and one small business card.
Business cards typically offer perks, rewards and tools that could make running your business easier, but finding the right low interest small business credit card will mean looking at the complete picture. Assess the fees, interest rates, rewards, perks and, of course, whether you’re likely to qualify for the card based on your current credit profile.
CardRatings editors have some low interest business credit card offers for you to consider.
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