How Do Business Credit Cards Differ from Corporate Credit Cards

by Aika Anderson

The popularity of business credit cards among business owners has increase dramatically over recent years. To the delight of credit card companies, the rise of small businesses and home based businesses has amplified the demand for business credit cards.

Most business credit cards cater to small business entrepreneurs. Small business credit cards are specifically developed to furnish the needs of small and medium sized business sector. Credit card companies advertise business credit cards for small businesses on the internet, newspapers, radio, television and other types of media. The offers and advantages are publicized for everyone to see, so they can they choose the specific credit card for their business. 

The general features of a small business credit card are monthly and yearly reports of purchases made on the account which is also available online, great opportunities for rewards, incentives and travel privileges, discounted rates of APR as part of introductory offers, grace period, and a 24-hour online access to your account.

However, large corporations are also given importance with the introduction of corporate credit cards. These type credit cards are special in it because not every individual or business owner can apply for it, unless the business owned is large enough to be a corporation. This is because corporate credit cards are tailor-made for a particular corporation and not for individuals. If a corporation wishes to apply for a corporate credit card, the management and the credit card issuers themselves discuss what specific services the company needs to better manage its finances.


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Created on Dec 31st 1969 18:00. Viewed 0 times.

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