The Big Benefits of Business Credit Cards

commercial real estate

By Charlie Saman, Vice President of Business Services


Working capital is vital to the empowerment of any business. In today’s ever-fluctuating economy, it is more important than ever for businesses to have the funds necessary to be nimble. A business credit card may be a good option to consider to provide a safety net, or to support increased cash flow needed for a thriving business. But no matter how you use it, it will increase your confidence as you grow your business.


Applying is Easy

Unlike a loan, the application process for a business credit card is very convenient. It requires a business owner to fill out an uncomplicated form, and oftentimes, approval is almost immediate. For a business owner, it also provides the opportunity to keep your personal and business expenses separate, which makes for easier financial management. Unlike a personal credit card, the balance on a business credit card will not affect your credit rating, as long as you are in good standing. It can also boost your company’s credit rating if you are timely in your payments.


The Perks are Plentiful

Another reward to having a business credit card is the perks. At RadiFi Credit Union, our Business Rewards Visa credit card perks include:

  • Earn 10,000 Bonus Points when your purchases total $1,000 in the first 90 Days
  • Earn 1 point per dollar spent on qualifying purchases
  • No Redemption Fee
  • Redeem points or cash for a statement credit, gift cards, merchandise, or travel


Tracking Transactions is Simple

Keeping track of expenses is always a challenge for any business owner. But purchases made for your company on a business credit card are easily tracked on monthly statements, versus having business purchases and personal purchases mingling along with deposits. This also comes in handy when you have employees who need to do purchasing for your company. You can provide your employees business credit cards tied to your business account which provides ease in managing expenses. There are also monitoring options, so you can track and limit employee spending as well.


Safe and Secure

Unlike cash, when you make purchases for your business with a business credit card you are also provided a layer of protection. From fraud liability to extended warranties and purchase protection, using credit allows for safeguards to protect your business. At RadiFi Our credit cards come with 24/7 fraud monitoring and Verified by Visa to give you peace of mind.

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