Business credit cards help manage company expenses, earn rewards, and build credit profiles.
A business credit card separates personal and corporate spending, simplifying accounting and tax filing.
Advantages:
- Detailed monthly statements for bookkeeping
- Cashback or reward points on business purchases
- Travel perks such as airport lounge access
- Higher credit limits compared to personal cards Many banks offer cards with customizable employee spending limits and integration with accounting software.
FAQ:
Q: Do I need a minimum turnover to apply?
A: Requirements vary, but many banks ask for at least SGD 100,000 annual revenue.
Q: Can multiple cards be issued under one account?
A: Yes, for directors and key employees with controlled limits.
User Comments:
- “We track team spending easily through consolidated reports.”
- “Rewards points reduced our travel costs significantly.”
Editor’s Note:
A well‑chosen business credit card is a powerful tool for both efficiency and savings.
Tags: business credit card, corporate rewards, expense management