Corporate Cards and your business


No one works harder for your business than you. It's your baby, and you put in the blood, sweat and tears to make it a success. Of course, it's not just your effort that propels a business toward success. You must hire incredible talent and use the most effective technology to power your business as well. 

However, when it comes to business growth, there's one workhorse you may have overlooked: business cards. Consider the benefits of paying with business cards instead of your personal cards, checks, cash or other payment methods. Business Class tells you all about it:  

Ease and Speed 

If you're like most small-business owners, work probably never seems to stop. So, it's nice when certain tasks can be done quickly and efficiently. That's exactly what a business card can do for you. It helps by speeding up payments compared to relying on business checks, which must be mailed. Using cards for payment lets you make purchases online, by phone and in person. 

Expense Tracking 

Business cards are structured to monitor and catalog specific types of business expenses so that you can use this information in your financial tracking and planning processes. 

For example, expense tracking and reporting allows you to assess individual and team spending against budgeted figures. You can also more easily include these figures in your tax filing for deductions. The data in these reports can be compiled on a monthly, quarterly or annual basis, providing you with a deeper understanding of the company's fiscal health and showing you exactly where improvements can be made. 

Business Growth History 

In those monthly and annual reports that help with expense tracking, you'll find another incredibly useful set of data: a track record that shows business growth history in terms of changing size and scope. This becomes a credible source down the road when you approach investors, lenders or even a potential buyer. 

Powerful Perks 

Business cards come with many perks that you might not get otherwise paying with cash or check. Many business cards offer rewards in the form of points, cash back, airline miles and hotel stays as well as discounts on all types of merchandise through the purchases you make on the card. 

You and your business can save money on the things you already buy, further boosting your company's cash flow and financial position. 

Employee Spending Options and Controls 

Unlike a personal card, you can request multiple cards for employees when you rely on a business card. You can (and should) also set spending limits for each employee to manage expenses. 

Assigning individual cards to your employees increases convenience by having the team handle certain purchases without your involvement as the business owner. What's more, this payment option provides a way to empower employees to handle more tasks within the company. 

Marketing Opportunity 

Your business card carries your name and your company's name. This is a promotion opportunity because it gets your brand out there every time you use the card. It can build credibility, brand awareness and interest without the cost of traditional marketing. 

Things to Remember 

Although your business card does a lot of the work, there are still things you should do as a business owner to optimize those benefits. First, shop around to see which business card is right for you and your business. Compare rates, rewards and features. Don't apply for more than two or three business cards. Too much open credit may create a significant debt or impact on your credit score. 

Next, you'll need to stay on top of due dates, so you don't incur late fees and a tarnished business credit rating. By scheduling automatic business card payments, you'll be able to avoid this mistake. 

Overall, business cards deliver a significant advantage for your business. It's up to you to ensure you maintain fiscal responsibility and leverage these benefits for your company. 

Learn more ideas and inspiration to grow your business in Business Class Trends & Insightsand acquire the corporate cardsAmerican Express® Corporate Card Aeroméxico or American Express® Gold Corporate Card Aeroméxico that offer you special benefits for your Company. 

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