Credit cards are a top form of financing for most businesses—whether you’re looking for more startup capital or a simple way for employees to charge their office supply runs.
But business credit cards differ from personal credit cards in a few key ways. Not only do credit card companies offer different perks and rewards on business cards, but they also offer different protections to the cardholder. Your spending is also much more closely tracked on a business credit card, and it can affect your credit score differently.
So what are the exact differences between a business credit card and a personal credit card? Here’s what you need to know before you get started.