Editor’s note: This is a recurring post, regularly updated with new information and offers.
There are a lot of advantages to using a business credit card. Small-business owners can access a line of credit to help manage their day-to-day finances. A business credit card also keeps your business expenses separate from your personal spending, making things easier for you during tax season.
There are plenty of other perks too. These may include generous sign-up bonuses, a chance to earn valuable rewards in business-specific categories and maybe even account management tools to make your life as a small-business owner easier.
Keep reading to learn more and to see how to get a business credit card.
Who should apply for a business credit card?
When it comes to business credit cards, many worry about what counts as a business. Some people wonder if you must set up a limited liability company or be incorporated as a formal company to apply for a business credit card.
Fortunately, the answer is no. Even sole proprietors can open (and use) a business credit card. It doesn’t matter your profession — you could be a freelance writer, a ride-share driver working a side gig or a brick-and-mortar business owner with multiple employees. In all of these cases, you can apply for a small-business credit card to help you run your business.
You can read more about business credit cards for freelancers in the following guides:
Types of business credit cards
Before you apply for a business credit card, you’ll need to do some research to find the right business credit card for you. The card that gives you the best value will depend on several factors, including your credit score and spending habits. To help you narrow down your options, it helps to