| Business credit cards come in a variety of forms, | | | | when it comes to their financial responsibilities than a |
| which can seem a little overwhelming to someone that | | | | small business owner. Options they might need to |
| doesn't know the difference between the different | | | | have included on the card are often meant to help the |
| types of cards. When it comes to business credit | | | | corporation keep track of expenditures and to review |
| cards, the largest percentage of the market is small | | | | and approve them in order to reimburse employees |
| business owners. In fact, small businesses are the | | | | for entertainment and travel. The ability to track all of |
| driving force behind the American economy and | | | | these expenses so closely requires the use of |
| create the most new jobs every year. Therefore, | | | | specialized software that is designed to interface with |
| credit card companies have developed business credit | | | | platforms from human resources. |
| cards with the small business in mind, but there are | | | | Payment Responsibility |
| some differences between business credit cards for | | | | Another major difference between corporate credit |
| small businesses as compared to those for | | | | cards and small business credit cards is the matter of |
| corporations. | | | | who is responsible for repaying the debt. As a small |
| Where You Find It | | | | business owner with a sole proprietorship, you and the |
| One major difference between corporate credit cards | | | | business are one and the same. This means you are |
| and small business credit cards is how you found out | | | | personally responsible for repaying any debt that may |
| about it in the first place. For the most part, small | | | | have incurred. If you default on payments, it is your |
| business credit cards are those that you see | | | | personal credit history that is hurt. A corporation, on the |
| advertised on the Internet and for which you might | | | | other hand, is separate from the owner. Therefore, the |
| receive a pre-approval invitation. Corporate credit | | | | corporation is responsible for repaying the debt. As |
| cards are not advertised in the mass media because | | | | such, the corporation may default on the credit card |
| they are set up differently, operate differently, and | | | | loan and file for bankruptcy, but you do not personally |
| target a different group of people. | | | | file. |
| Customizing | | | | It's in the Name |
| When it comes to small business credit cards, you | | | | Since a small business owner is generally a sole |
| have to take what you can find. Of course, you can | | | | proprietorship and you are personally responsible for |
| compare business credit cards to find the ones that | | | | the debt, another difference between corporate credit |
| suit you best, but you don't really have much room for | | | | cards and small business credit cards is the name on |
| making changes to the card to meet your needs. | | | | the card. In the case of a small business credit card, |
| When it comes to corporate credit cards, the business | | | | your name is generally what is listed on the front of |
| can request options to be custom-made to work with | | | | the card. A corporate credit card, on the other hand, |
| the company. The reason for this increased flexibility | | | | will have the corporation name on the front. In addition |
| comes down to revenue. A corporation placing millions | | | | to the corporation name, it will usually have your name |
| of dollars of transactions on the credit card can have | | | | as well in order to verify that you are an authorized |
| more say in how the card is set up. This ability to | | | | user. This also helps the corporation track the |
| customize is another reason why you generally don't | | | | expenses of each employee. But, the primary name is |
| see corporate business credit cards being advertised | | | | the corporation name since financial responsibility falls |
| within the mass media. | | | | back on the company. |
| Of course, corporations generally have greater needs | | | | |