Get FREE Quote

Business Card

Similar to a consumer credit card, a business credit or debit card offers the executives or employees of a business a line of credit. However, the line of credit is usually reserved for purchasing business-related goods and services. A typical company will issue business cards to enable their employees to make necessary purchases that facilitate their operations. In addition, companies also use the cards as a straightforward way to track business expenses. However, there are several notable differences between consumer credit cards and business credit cards.

Business Credit Cards May Not Have Consumer Protection Coverage

Standard consumer protection laws — such as the Credit CARD Act of 2009 –does not apply to businesses. As a result, business cards may be subject to unusually high fees for minor lapses, such as a late payment. Additionally, the annual percentage rate on a business card can fluctuate greatly and without warning, which can negatively impact a company’s bottom line. This is especially important to a business that may already be paying a lot of fees, such as a company that has a merchant account and pays credit card processing fees.

Business Cards May Only Offer Business Rewards

Unlike personal cards, a business card may only provide rewards that are specifically tailored for businesses. For example, some cards may offer discounts on business airline travel, office supplies and utility services. Personal cards, however, may offer a flat cash back bonus on all purchases. Furthermore, some rewards can also help a company potentially save a lot of money on business-related expenses. For example, some business card issuers may reduce or eliminate the fees that are associated with a merchant account, which can add up if a company does a lot of credit card processing.

Higher Credit Limit

In general, credit card issuers tend to extend the average business a much higher line of credit than the average consumer. This is beneficial to most businesses — especially if they regularly make expensive purchases — because it temporarily frees up cash for other business expenses. The amount of credit that a business is extended depends on its credit score, which a business credit card issuer can obtain from the three major credit bureaus and — if applicable — Dunn and Bradstreet.

Credit History Reporting

Many business credit card issuers do not report a company’s business credit history to the major credit bureaus unless there is a problem. For example, a company may be reported if it is seriously delinquent or misses a single payment. However, a history of reliable on-time payments is usually not reported.

GET FREE QUOTE TODAY AND START SAVING


Testimonials

It took me a while to decide who I wanted to settle with to handle all of my credit card transactions because every company wants to make it sound like they're offering you the best rates. CreditCardProcessing.com was able compare and beat all of the other offers I received. They were also able to provide me the fairest price on my EMV-compliant terminal. My sales representative and the support team were there to assist every step of the way. Ultimately, I'm looking forward to a long term relationship with this company.

Roland Tran from the Hong Kong Kitchen

It is a pleasure dealing with these folks. Their pricing is fair, their statements are understandable and their employees are knowledgeable and friendly.

John MacMillian from the Great Lakes Baking Company

The service was very professional, my sales person (Steven B.) was very well versed in the product and most helpful in getting our company set up to accept credit cards via my cell phone. Their rates are some of the lowest on the market and their service is unparalleled. I will recommend them to anyone requiring a credit card processing service.

Michael Harper from Deluxe Auto Body

Jonathan C. is wonderful to work with. He is very helpful, accommodating and resolves any issue quickly. It is hard these days to find someone who gives great customer service, but I can say, Jonathan is the best! I would not hesitate to recommend him to any business owner and to assist you in helping to grow your business.

Linda Garner from Regali Da Forno

I called indecisive about getting a device, but speaking to your Sales Consultant completely settled me. He was very professional, knowledgeable and patiently walked me through the process. He always responded to my voicemails and answered all my questions. After I received my merchandise, he called following up to ensure that I had received it. Customer service I would say is 5 stars. Stellar! Thanks Credit Card Processing, I will definitely recommend you.

Sarah Morgan from Vision International Ministries
Call Us Today!

© 2017 CreditCardProcessing.com. All rights reserved. Privacy Policy
CREDITCARDPROCESSING.COM, LLC is a registered ISO of Wells Fargo Bank, N.A. Concord, CA

*Further terms and conditions may apply. Promotion contingent upon CreditCardProcessing.com's receipt of written competing offer(s).

**Certain restrictions may apply.

Promotional offers brought to you by CreditCardProcessing.com.

EMV™ is a registered trademark of EMVco, LLC. Apple, the Apple logo, iPhone and Apple Pay are trademarks of Apple, Inc., registered in the U.S. and other countries. Android™ is a trademark of Google, Inc.

Call for details.