Cash flow management is key in a successful company. Credit cards can be a powerful tool for managing your finances.
If you pay the balance each month, you meet the cutoff dates and you have a good administration, you will have a better economy.
First of all you must find the credit card that best suits your needs. Find out how the market is and adopt the best option.
If you have any other debt
You can start by paying it off with this tool so you can control your payments through an established plan.
Business success is the consequence of knowing how to manage the cash flow.
Take care of the cut-off dates so you know what you have to settle and what are the amounts that you will leave pending without paying interest.
If your income is irregular, collect the balance that you must give before the deadline, this way you will not have any worry about the payment, but when you have the possibility of giving more, do it.
How can I use the credit card for my company?
There are administrators who discard this tool because it is a factor that is not part of the assets. However, knowing how to use it can become capital and deliver more rewards than the same cash.
Supplier payments. If they supply us on day 1, the provider will give us between 15 and 20 days to pay you, when the date arrives, we will use the business credit card and we will have another 20 days to settle without interest payment and without affecting the relationship with the provider.
Plane tickets. The airlines usually give better rates and more kilometers of reward to the users of a credit card. This way they guarantee payment and loyalty and you get benefits.
Per diem If you have some employees who must travel frequently, the best way to manage and control their expenses is through a credit card because all charges are checked and you know exactly what was charged.
Emergencies The urgencies are never free to present themselves, so having a permanent financial support will help us to face them, without having to unbalance the economy of the company.
Consider that the proper management of this tool will help you accumulate within the reward programs, so in a managed way, it is better than cash.
Have you already applied for your business credit card ? We invite you to learn more about the benefits you can get with the Bank Incorporated business credit cards .