Using a business credit card is convenient:

If you need to pay your supplier or office rent and the money will only come into your account in 7-10 days;

In case of unplanned expenses. For example, if a machine breaks down and you need to buy a new one urgently.

Otherwise, you can use a business credit card similarly to a debit card. For example, to pay for business travel expenses, buy office equipment, and fill up petrol stations.

Special features. To keep the cost of a business credit card to a minimum, you should study the terms and conditions of the bank that issued the card carefully and always consider them. For example, withdrawing cash from a business credit card is usually not profitable, as the withdrawal fee is high (about 7% versus 1.5-2% for a business debit card).

It would help if you also kept an eye on your available credit limit and grace period. You can only spend money within the limit, no more than that. If you pay back your debt within the grace period, you will not pay any interest - you pay back the amount you borrowed.

For example, you are usually not allowed to spend your credit money in the following cases:

•       Repayment of debts to the bank;
•       Repayment of loans and credits;
•       Buying securities and bills of exchange;
•       Payment of dividends;
•       Payment of overdue taxes and duties owed to the budget;
•       Payment for participation in tenders.

How to apply. The procedure for issuing a business credit card usually does not differ from that for a corporate debit card. Getting a business credit card is quick and easy with wallester.com

This company offers businesses and companies the possibility to issue payment cards: credit or debit.

A business debit card can be used just like an individual's debit card: you can spend money with it.

Usually, the business debit card is used to pay for regular office expenses, business trips, and petrol at the petrol station.

The business credit card holds money from the bank, which the entrepreneur can use if his money is insufficient.

The business credit card is suitable for covering cash flow gaps and unplanned expenses.

A business debit and credit card procedure depends on whether the entrepreneur has an account.

The business credit card has more particularities because different banks offer different conditions, e.g., credit limit and interest-free period.

It does not matter which type of card you choose for your business as long as you have confidence in the card issuing company and can arrange for technical support.