Business Credit Cards

What is the difference between a regular personal credit card and a business credit card? What benefits and add-ons do business cards get and what is the average interest rate.

The main difference from a personal card it that a business credit cards are issued in the name on the business or company. Spending on these cards are charged to the business account and not a individual or employee. All debts are paid by the company.

Since the card is owned by the business spending limits can be set on the card also banning the use of ATM withdrawal is an option.

Spending analytics are also provided, itemised account of what has been purchased including time, date and location.

Add-ons such as insurance and discounts come with the card. Some cards include a rewards feature similar to regular credit cards, this means your business credit card can gain point on purchases and redeem them as a business. However remember to read the exact features on each card because they are all different.

In all the rates and interest are similar to a personal credit card. Average 19.99%