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Business Credit Cards.

Choosing the right business credit card

Business credit cards tend to fall into two categories: low interest cards and rewards cards. Which type is best for your business depends on how you plan to use it.

Cards for financing and working capital
If you plan to use your credit card to finance your business, then look for a low interest card. Carrying a balance month to month won’t cost as much. If you need to borrow more than a credit card account can supply, consider getting a business loan instead. The interest rate will often be lower, too.

Cards for maximizing rewards
If you don’t plan to carry a balance, then choose a card that earns rewards on your typical business purchases. The best card for your enterprise, of course, is the one whose rewards most closely match your spending habits. A number of cash back credit cards and gas credit cards have business counterparts, which often give even better rewards rates than personal cards.