Credit Cards For Business
Business credit cards offer one main benefit to the business owner: tracking and controlling the spending of employees. A single commercial card account can have multiple cards issued in different names, with each employee having an individually controlled spending limit.
This means that it's easier to reconcile expense accounts and general spending, and the fully itemised card statements let you see at a glance who's spending what and where.
Having employees use a credit card also cuts down on the amount of cheque signing that's needed, as well as minimising the amount of petty cash you need to keep in the office.
Commercial Banks
Most banks with a commercial division will offer business cards of some kind, and as with personal cards the range of features will vary - there's even a trend towards introducing cash back, rewards programmes, and other benefits that were once unheard of in the commercial finance arena.
MBNA Commercial Cards
MBNA are one of the largest providers of personal credit cards, and now business owners can get in on the action too. Their offerings include the MBNA Business Card and the MBNA Self Employed Card both of which offer competitive APRs and introductory balance transfer deals. Both let you decide how many cards you need, and set individual credit limits for each employee.
Barclaycard Business
Barclaycard offer a range of cards suited to small, medium and large businesses, all backed by Europe's largest issuer of credit, debit and charge cards. And what's more, you don't need to bank with Barclays to enjoy the benefits. More information >>>
