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Anita Campbell - CEO

Anita Campbell Anita Campbell is the Founder, CEO and Publisher of Small Business Trends and has been following trends in small businesses since 2003. She is the owner of BizSugar, a social media site for small businesses.

11 Reactions

  1. Well it is true that business card, can definitely show a better day with its regular usage. Since it is also held as one of the best medium to enhance business growth after its utilization at every level.

  2. Aira Bongco

    Yes. You get more credit if you register it as a business credit card. But there are some downsides to that as you are charged more. You have to carefully choose before deciding on having one for your business.

    • Anita Campbell

      Hi Aira,

      Actually, you aren’t necessarily charged more. That’s the good thing. With the Ink card from Chase, I happen to know there actually are a couple of different options. One has an annual fee, but the other does not. Finance rates are very competitive, too.

      But I’d also say this: Every small businesses needs — I repeat, needs — a separate business credit card. If you want to run a business effectively, profitably and legally, in my opinion you must keep your business and personal finances separate. To me, a business credit card is not an option, it’s a requirement.

      Find yourself a good one that offers advanced recordkeeping features to help streamline your business, good technology for efficiency’s sake, great rewards, credit cards for employees, and other benefits. And go for it!

      – Anita

  3. Great post Anita- You’re right that a good credit rating will help a business but I think the most important plus point of a company credit card is control. I’ve seen one too many business owners charge expenses, business lunches and even fuel costs on their personal card and then begin pulling their hair out when it’s time to file a tax return. Having one personal and one business card will help to keep everything clean and tidy

    • Anita Campbell

      Hi Ben,

      To me what you said strikes a chord.

      I credit our CFO with making us much more organized so that tax time is not nearly the headache it used to be. In years past, I would have to take a few days from my regular work just to organize our tax records to send them to our accountant to prepare the tax return.

      These days, we’re up to date and organized at all times. One of the things he insisted on was to maintain strict division between personal and business credit cards and other accounts. It’s amazing how much easier everything like tax preparation seems when you’re organized — hardly seems like work at all.

      – Anita

  4. I agree with the rewards portion. Aside from flight related rewards there is also cash back. I use this for my cleaning business because there are recurring supply costs every month that are paid off immediately after receiving the invoice. Saving a couple percent doesn’t seem like much of an incentive, but it adds up annually!

    • Anita Campbell

      Hi Steven,

      That’s a good point about cash back. Cash back is easier than hunting around for discounts and coupons — you get it automatically if you meet the card’s requirements.

      – Anita

  5. It is important adopt modern technology. A business card will give you an extra edge in professional life.

  6. Business credit card is the perfect option for businesses on a tight budget but need to get things done in a timely manner. It’ll give your business an edge up other businesses. Even more, it’ll give your small business exactly what you need, because these types of credit cards cater to you.

  7. I agree that a business credit card is a good tool for small businesses. However, if you are not organised enough to pay off the balance before the interest kicks in and you leave a large balance accruing interest obviously that can be costing you a high %.

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