Top Business Credit Card Tips From The Pros


August 30, 2018 – By Benilyn Formoso - Suralta

Small businesses can use business credit cards to build credit, improve cash flow, manage employee spending, and streamline expense reporting—all while earning cash back and travel rewards. However, credit card mismanagement can cause financial trouble. We spoke with experts who shared their best business credit card tips to help you use credit cards the right way.

Keep Your Credit Utilization Ratio Under 30%

Katie Ross, Education and Development Manager,

Credit utilization is the percentage of total available credit that you are using. Know your credit limit and make sure you don’t fully consume it. Credit utilization impacts your credit score, so keeping your credit utilization ratio at ideally 30 percent or lower will help you build good credit. Also, if you keep your credit utilization low, it will be easier for you to pay off your debt every month.

Bottom Line

A business credit card is a great funding option to help your company meet temporary cash flow gaps while earning rewards and perks. It is also a great way to build business credit. Follow the above business credit card tips from the pros to ensure you’re using your card to your advantage so you can enjoy many other benefits.