▪ 0% APR on purchases and balance transfers for 12 months* ▪ No annual fee ▪ Business-size credit line ▪ Free additional cards for employees with credit limits you set ▪ Quarterly and annual account summaries. 24/7 live customer service and online access CLICK TO GET MORE INFO AND APPLY NOW CitiBusiness® Card
Introduction To A Business Credit Card
Every major credit card company provides business credit cards. Amex, Visa, Advanta, MasterCard, Chase Manhattan Bank, Citibank, HSBC Bank, Discover, etc are some of the companies that provide business credit card products.
Business credit cards are primarily used to separate business and personal expenses. Business cards also help organizations cap employee spending unto pre-specified limits. They also help organizations optimize benefits for employees. For example, if a large number of employees shop at a particular retail store, the organization can negotiate a group rate discount on purchases made by their employees, and the benefits can be passed on to all the stakeholders, via credit cards. The credit card company can also generate itemized records of spending by all the employees, which can ease the tracking of employee spending.
Business credit cards also help extend the cash flow of small businesses that have fixed billing cycles and payout timelines. You can pay out cash to suppliers, business associates, vendors etc via credit card instead of using you cash account, and use the credit card billing cycle to pay the money back, after you have been repaid.
Flexible credit limits offered by business credit cards help small businesses ward off significant spikes due to increase in input costs, expenses towards unseen events, etc.
Business credit cards have two types of credit limits -
Preset by the credit card company, which carry with no annual fees
No-preset credit limit, which carry a small annual fees
With most business card products, you can avail of important benefits like -
Points earned on money spent, which you can redeem for other services like airfare, hotel expenses, restaurants, etc
No annual fee
No intro APR for an initial pre-specified period
Lower APR rates, than usual, after the intro APR period expires
Balance transfer facility
Discounts on other facilities offered, when the business card is co-branded with another service like a phone service provider, airline, retail store, etc
Quarterly and annual account summaries
Lost/Stolen Card Reporting
Business card products also provide you with auxiliary benefits like:
A percentage of your business spending given back to you as cash back, gift certificates, and travel rewards
Emergency cash disbursement & card replacement
Hassle free business travel and entertaining for businesses that require extensive client interaction
▪ 0% APR on purchases and balance transfers for 12 months* ▪ No annual fee ▪ Business-size credit line ▪ Free additional cards for employees with credit limits you set ▪ Quarterly and annual account summaries. 24/7 live customer service and online access CLICK TO GET MORE INFO AND APPLY NOW CitiBusiness® Card
