Business Credit Cards ExplainedLearn more about business credit cards with GoBear
Vacations are fun, but travelling is not all play and no work. Sometimes your job or business may require you to go somewhere overseas, and this is when a business credit card is your best friend.
Also known as corporate cards, business credit cards are those issued to businesses and other corporate entities that are usually paid for by the company instead of the employee using them. They are different from personal credit cards in that they may be subject to certain restrictions like how, where, and when to use them. The credit limit assigned to business credit cards is also dependent on how ‘credit-worthy’ the company is. In all other respects, they are the same as personal credit cards, often having similar incentives or rewards.
Business credit cards are used when your employee might not otherwise be able to afford legitimate business expenses, such as entertaining high-value clients, or monitor spending. They allow for more flexibility compared to providing fixed allowances. Some businesses may also opt for charge cards instead, as those have no pre-set spending limits.
Check out www.gobear.com/my/credit-card to compare credit cards with GoBear today and find the one you’ll bring on your next business trip!