Business Credit Cards vs Corporate Credit Cards
When it comes to making business purchases; business credit cards and corporate credit cards play a vital role. But what is the difference between each one and which is ideal for your business?
In today’s post we are going to talk about everything you need to know about business credit cards vs. corporate credit cards. You’ll learn the similarities, the differences, the qualifications, and which one requires a personal guarantee and which one doesn’t.
Let’s get started.
Both business credit cards and corporate credit cards are similar because they are both a revolving source of funds you can use anywhere Visa®, MasterCard®, Discover, and American Express are accepted.
You get access to a pre-set credit limit that you can borrow against at any time. When you pay down the principal the credit becomes available to use over and over. Also, you can maintain a revolving balance on both business credit cards and corporate credit cards.
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