Why You Need a Business Credit Card When Self-Employed

Whether you’ve just started a new solo business venture or you’ve been an entrepreneur for years, it’s wise to consider all the advantages of using a business credit card.

Sole proprietors and small business owners are often so busy running their companies they overlook the usefulness of corporate credit cards while growing their revenue.

Yet anyone who owns a small company — no matter the type or size — should consider adding a business credit card as a financial resource. The benefits of using one include:

• separating your personal and business finances
• utilizing card membership only perks such as discounts and services
• earning and redeeming bonus rewards
• simplifying business purchases
• enjoying higher spending limits
• managing cash flow
• building a business credit score and history

If you’ve been using your personal credit cards and lines of credit to support your business, it’s time to make a change. Before we dig deeper into the reasons you should have one, let’s consider what it takes to qualify for a corporate credit card.

Do I Even Qualify?