Do you own your own business? As a business owner you still need to purchase supplies, take clients to dinner, or buy other items for your business. You may not always have the money in your account to pay for these items right away. For that you have a business credit card. A business credit card will allow you to purchase what you need and pay it off when you have the income in your account to do so. Like with any other credit card you want to pay the balance off every month to avoid the interest rates, but even if you can’t a business card can have a decent system for you to repay it.
Most business cards offer a slightly better interest rate than personal cards. As a business you also get perks for having a business card from any of the credit card companies listed below. The information below is based solely on credit cards available in the Irish market. We wanted to make sure your choice would be easy in finding your next business card.
Business cards will vary in the offers available. The comparison chart below will show you the differences in the cards below to help make your decision easy and informative. Business credit cards may or may not have a balance transfer option. In fact most business cards, even those below will not allow balance transfers. The companies consider this a personal need over a business need.
Some business cards will offer you a purchase introductory rate. This introductory rate may be 0 percent or less than half your annual percentage rate at any other time. It is usually 3 to 9 months in length and available only at the start of a new account. After that time you can expect most business cards to range in interest from 8 to 18 percent. The average percentage rate on business cards is typically 12.9 percent as the chart will show below.
The chart will also mention any special rewards with the business credit cards. Business credit cards have rewards or discount programmes for a variety of things. The discounts can be on office supplies, inventory needs, furniture, fuel, or other merchandise. Other business credit cards will be solely for the purpose of flight miles. The flight miles can be earned on every purchase and will differ. The cards below may offer 1 point per Euro or 1.25 points per Euro. The comparison table will explain the rewards of the cards to help you make a better decision on your next card.
When looking at the chart and reviews of the credit cards you should look for the features that are most important to you as well as comparing the terms and conditions. The terms and conditions section of the cards will explain how they are paid off and any fees associated with the business cards. Our writers have looked for all the information regarding business cards to help you make a decision with unbiased input and offered it below.