What is a Business Credit Card?
As the name suggests, a business credit card is used for business expenses. You cannot use it for personal expenditure. You can apply for a business credit card if you are an entrepreneur, self-employed professional, a merchant or a freelancer.
A business credit card is actually beneficial. It helps you with -
- Creating credit for your business
- Better management of business expenses
- Getting better rewards and deals on business related transactions
- Keeping personal and business related expenses separate
If you are planning to get a business credit card, you can visit the bank branch and apply for it. You will have to fill the application form, share business related information and a few documents before heading for approval.
I hope this clarifies your doubts around a business credit card. Let me know if you have more questions, I’d be happy to answer 