Business credit cards are credit cards that are issued to businesses as instead of individuals. Companies of all sizes might benefit from using business credit cards to establish a credit history and secure more favourable financing rates and conditions in the future.
|Name of Credit Card||Annual Fees||Rate of Interest|
|Axis My Business Credit Card||
|Citi Corporate Credit Card
|Citi Business/ Advantage Credit Card||
||20.24%-29.24% p .a|
|Citi Costo Anywhere Visa Credit Card||
|Yes First Corporate Credit Card||
|Business Regalia Credit Card||
|SBI Card ELITE Business||
|ICICI Bank Gold Corporate Credit Card||
Ability to Obtain Financing
A business credit card or line of credit allows you to make purchases for your company without worrying about coming up with cash immediately. As a matter of fact, for a limited time, certain company credit cards have no interest at all.
Separating from personal expenditures
Good bookkeeping necessitates the perfect separation of individual costs and corporate costs. Keeping your personal and professional finances completely separate with a corporate credit card is good practise for both purposes.
Build Your Company's Credit
While a strong personal credit score may be required to qualify for a corporate credit card, the way the card is used can have a significant influence on the company's credit.
Banks will consider your business credit score if you plan to apply for business loans or additional lines of credit in the future. For instance, a higher rate and more favourable payback conditions are possible if both your company credit score and your existing line of credit are strong.
Perks & rewards
Numerous business credit cards come with perks like unlimited cash back or frequent flyer miles that can be used for airfare. Thus, you will end up saving money on all of your business expenditures.
The main benefits offered by Business credit cards:
The eligibility criteria for Business credit card:
Yes, Business Credit Cards have joining fees depends on the card type.
The rewards points differs from card to card, which card you are using.