How to Select the Best Credit Card for your Business?

New business ventures such as start-ups require a considerable amount of capital to initiate their operations. Apart from that, they also need funding to carry out their day-to-day operations. Accordingly, Individuals who are planning to set up their enterprise can consider opting for a business credit card.

Such cards can be availed quickly compared to any other line of credit and provide business ventures with quick access to funding. Business credit cards also enable a small or medium-scale organisation to build up a credit history and score which can come in handy while applying for loans and advances in the future.

Since most lending institutions offer business credit card in India, applicants need to carry out thorough research and compare credit card features that are available in the market. Some of the features that the best credit card should have are –

1- Robust security features – A business credit card must come with robust security features to reduce the risk of online frauds.

2- EMI conversion option – It should provide the option of converting the outstanding amount into affordable EMIs to lower the repayment burden.

3- Emergency loan – One should consider applying for a business credit card such as the Bajaj Finserv RBL Bank SuperCard that allows cardholders to avail a loan against the available credit limit as well as enable interest-free cash withdrawal from ATMs.

4- Lucrative reward programs – Individuals should apply for a business credit card that offers attractive reward points with every purchase.

However, before applying for a business credit card, applicants should go through the eligibility parameters and documents required set by the credit card issuer.

Additional Read: How to Apply Credit Card