Business or corporate credit cards have the same principles as a personal card but often times have higher credit caps, rewards, and fees. An important distinction is that business cards are not subject to the Credit CARD Act of 2009 and its interest rates protections.

Often times with small companies’ credit cards the liability for the charges fall on the company’s founders / CEO, rather than on the business - look at the fine print to see if your credit card requires “joint and several liability.” Included in this bucket are the very common American Express’s OPEN Business Gold Rewards and Capital One Spark Cash cards. In the event that the company is not able to pay off expenses for purchases or fraudulent activity, the owners maybe on the hook. Business only liability credit cards from American Express require your business to have several million in annual revenue before qualifying.

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