The owners of the company
There are a number of reasons why the owners of companies to obtain credit cards from select companies, but recent studies confirm that the credit card companies are the most useful for business for the maintenance of personal finances and separate. The owners of the companies indicated that their main reason for the use of credit cards to prevent their expenditure for companies to put their personal issues: the use of credit cards separates the two, what to do, l ‘integrity of their accounting.
90% of all owners of small businesses business of credit cards in the world of business on the purchase, with more than 90% said that the first necessity for businesses of credit cards is the travel d ’stuff. They consider that the flights of the airlines, car rental and hotel rooms expensive business without credit cards.
Perhaps because of this close connection between the business and corporate credit cards, you will not be surprised that almost one third of the owners of companies, a levy in reward money from the more interesting, all in a fifth-values of loyalty miles most awards. To a lesser extent, the acceptance of credit cards from companies by the sellers and suppliers is deemed as an important aspect. The owners of companies are also satisfied with the “no annual contribution feature offered by most issuers of credit cards.
The owners of businesses tend to their credit cards with very specific meaning and spirit are aware of business to regulate credit card balances in its entirety. Recent surveys show that 63% of all owners of small businesses, their credit card payments in this way to avoid the financial burden. For comparison: Only 40% of all Americans pay the full balance every month. This means that the owners of small businesses less likely than their colleagues, one of the interest charges on their credit cards - a fact that the banks since May not win, as their profits from interest. The owners of the companies recommend that you pay your credit cards to companies wholly or use them.
Interestingly, almost half (46%) of the owners of the company believes that the interest rates and related terms are the most important, if they are for businesses of credit cards. Do you already have an appreciation for the temporary use of cash flow support, credit cards, but expressed an aversion for the payment of the cost of the interest and the accumulation of debt. This concern for the interest and care in the payment by credit card to the professional bills means that the cost of the credit card companies are not a lot of money for owners of small businesses.
Most owners to find - or at most two - credit cards for their own purposes is sufficient. Compared to the average for the United States, which has four to eight personal credit cards, the investigation revealed that the average owner of a small company has only one or two cards.
In fact, 86% of the owners of small businesses that their credit card spending limited training was so high that their needs and that too many credit cards, the companies would have to more than absolutely necessary. This attitude towards the credit limits and several credit cards May, because the small businesses, in contrast to the ordinary people who have access to other sources of financing of the debt - something that the ordinary person is not the case.