UK Business Credit Cards

The business credit cards help in making financial transactions easier. It helps you with every aspect of your business, from accounting to everyday expenses. Business credit cards help separate your business expenses from the personal ones.

Features and Benefits

Business credit cards make the transactions much more simplified. They make a lot of sense for small businesses as they come either with no limits or they come with a very high line of credit, which is much higher than what one can get on a personal credit card. Also, the business credit companies provide a time period of 60 days to pay the full statement account, which eases the cash flow of the company. There are certain credit cards, which also help in bookkeeping. These cards provide Annual Management reports, giving a breakdown category wise for each card. These detailed statements also help during the preparation of the annual expense budgets as they list out expenses category wise and particulars of every transaction on the card.

Most of the companies also have an anti-fraud policy in place that would protect you both on the home and foreign turf. In case of any loss or theft of the card, if you notify within a certain period, then you will not be liable for fraudulent use.

You can also regulate spending of the employees and decide who should be spending what amount. You can specify spending limits for people, even category wise limit for spending. There is also a provision for changing or cancelling the credit card limits for each business card holder. You can also view the statements for cards online. There are cards like the American Express Gold Charge Card, which allows you to access your account online. You can keep a track of the balance, spending and even review your past statements.

Factors to consider

There are certain factors you must keep in mind when going for a business credit card selection. Apart from the regular features, the credit card companies also offer extra benefits like airpoints, hotel discounts or travel insurance. If your employees are travelling frequently then a credit card offering free airpoints and hotel discounts than a credit card offering simply a low APR, will make more sense. Take an account of the credit limit that your business will need on a monthly basis. The other factors you should know are the annual membership fee and overdraft protection. It is also important to know the regular rates of the credit cards, as most of the companies offer low introductory rates to lure the customers.

	Reading the fine print   Be careful about credit card offers   Lower the credit card apr   Chip and Pin secuity   Bad Credit   Credit Card Fraud   History of Credit Cards    Credit Cards Part 2  Remember Your Credit Card PIN  A Quick Guide to Internet Shopping