Your Company’s Big Credit Card Problem

Small businesses are turning to consumer cards because they have more protections than business cards.

Small business owners say consumer cards are better for carrying balances for longer-term business investments, because the credit lines and the interest rates are not subject to arbitrary changes, as the interest rates on business cards are.

Forty-nine percent of small-business owners currently use personal cards for business, compared to 42 percent in 2009. By contrast, 59 percent of small businesses with employees used one or more business cards, down 5 percentage points from 2009, reports the National Federation of Independent Business. Story by Jeremy Quittner for Inc.
Your Company’s Big Credit Card Problem

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