A business credit card helps to separate your personal accounts from the accounts of the business.
It can also be a convenient way to manage your company’s finances, and get short-term credit especially during your start-up phase.
You probably know that a good credit score makes it easier to get a loan, but did you also know that a high score also means you get better terms and lower interest rates on those loans? Same goes for insurance rates on your home, car and other assets.
Entrepreneurs typically make one or more financially devastating mistakes when financing the launch, operation and/or growth of their businesses. In most cases, they don’t realize that they’re making a mistake.