5 Compelling Reasons to Use a Business Credit Card to Manage Capital

Running a business is a lot of work, and keeping your finances in check is no small feat. Thankfully, having the right tools can make it a whole lot easier. One of those tools is a business credit card. Here are five reasons why having a business credit card can be a game-changer for your business, along with some great options to choose from.  

1. Smoother Cash Flow Management 

Cash flow is the lifeblood of any business. A business credit card can help you manage it better by allowing you to make purchases and pay bills even when your cash may be a bit tight. Think of it as a handy bridge that helps you get from one financial shore to the next without any holdups in your operations.  

2. Earn Rewards on Everyday Spending 

Who doesn’t love a good perk? When you have the right business credit card, you can earn rewards or cash back with every purchase. Whether it’s office supplies, travel expenses, or client lunches, every dollar spent gets you a little something back. And over time, those rewards can really make a difference! 

3. Quick Access to Short-term Financing 

Sometimes, opportunities come knocking, or unexpected expenses come up. A business credit card gives you quick access to short-term financing so you can cover those costs without having to apply for a loan, and the higher balance limits compared to personal credit cards can really come in handy. 

4. Easy Expense Tracking 

Tracking business expenses can be a real headache, especially when you’re juggling receipts and invoices. Business credit cards simplify the process with detailed statements and expense tracking tools. With everything in one place, it’s easy to categorize and monitor your spending, making budget management a breeze. 

5. Build Strong Credit 

Using a business credit card responsibly helps build strong credit history, which is crucial for securing larger loans or better terms down the road. By paying your bill on time and keeping your credit utilization low, you show lenders that you are a responsible business owner, opening the door to more opportunities.  

Business Credit Card Options

Ready to get a business credit card? Arkansas Federal Credit Union has two great options: 

• 2% Cash Back Reward Card: With our Business Rewards Card, you can earn 2% cash back on all your business purchases.Earn 2 points for every $1 spent on purchases. Points may be redeemed for cash back equal to 2.00%. Cash Advances and Balance Transfers do not earn points. There are no limits or categories, so you can earn cash with every swipe!  

• Everday Low-Rate Card: Our Business Platinum Mastercard® offers a low rate every day, which can really make a difference for your business, especially if you tend to carry a balance. This can help you manage your revolving balance more affordably and save you money on interest. 

Take the Next Step 

Investing in your business with a credit card that helps you manage capital is a game changer. Why wait? Apply now and watch your business thrive. Apply today!