Small business credit cards are perhaps the most convenient way to finance your business. They provide a helpful line of revolving credit, are often easier to get than a traditional small business loan, feature variable interest rates, and come with money-saving incentives and rewards programs. However, improper use of them can land your small business in hot water.
Without a good system in place, it’s easy to lose track of your corporate credit card spending. Mismanagement can leave your small business barely hanging on when before, it was doing very well and gaining legitimacy and creditworthiness in the industry.
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