For a startup owner, a business credit card for startups & SMEs may be more than just an easy way to pay for their business-specific expenses. These cards can also help smoothen the cash flow, establish a good business credit score and provide highly lucrative rewards.
According to a recent report, over two-thirds of startups & SMEs use a business credit card to pay for their business expenses. A business credit card can be the perfect partner to help your business increase its growth trajectory or keep it afloat during harsher times.
If you are an entrepreneur and wondering whether to opt for business credit cards for startups, here are some of the top reasons to get one for your startup:
Become financially flexible
Cash flow is one of the top issues faced by startups and is also one of the top reasons for failure in the early years. Business credit cards provide a revolving credit line that can prove beneficial when you have to make an expensive business purchase, when the business is running slow or when you are waiting for payments from clients.
As long as you pay your business credit card balance on time and avoid interest payments, a corporate credit card for startups is your best option to make your business financially flexible.
Take advantage of business-specific rewards
Business credit cards for startups reward all business transactions made through them with specialized rewards that provide benefits for the business.
founderscard, the leading corporate credit card for startups in India, offers business rewards like coworking space subscription discounts, Google Ads vouchers and more that help reduce their operational costs and overheads.
Fund your startup
When your business is still in its nascent stage, it may need access to external funds to stay afloat. In such cases, there are very few avenues for business credit, as most require proof of business income.
Most business credit cards, on the other hand, rely on the founder’s personal credit scores when assessing the application, providing an easy way for newly-established businesses to gain credit.
Business credit cards for startups and SMEs can prove a boon for startup owners to help their budding businesses survive and grow. While there is no ideal time to apply for a business credit card, there is no better time than the present.
founderscard is a leading business credit card in India and offers several benefits like a high credit line, up to 51 days of interest-free credit, business-specific rewards and more. Interested in getting founderscard for your startup? Visit our website today to know more.
