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Business Bank Accounts
Why choose a business credit card from MBNA?
MBNA business credit card
In business it’s important to keep an eye on your costs,
which is why choosing a competitive deal on your business credit cards
is important.
Cards for businesses, whether they are called credit cards, charge
cards, business cards, corporate cards, commercial cards or purchasing
cards, provide a method of payment just like a personal card for all business
purchases where cards are accepted for payment. Cards issued by Barclaycard
Business are VISA cards and accepted at over 30 million outlets worldwide
and over 660,000 in the UK.
You can use a business card just like a personal card for almost any
business purchase wherever cards are accepted for payment. In that
respect, personal and business cards are no different. However, business
cards differ from personal cards in that:
· they are issued based on the company's credit rating rather than
an individual's credit rating and are usually settled directly by the
company rather than the individual
·they can have different spending controls (e.g. restricting usage
for certain types of trade categories, or cash withdrawals from ATMs)
they come with detailed management information and reporting services
· they have features like complimentary insurance and discounts
which are relevant to businesses
Business cards benefit both the cardholder and the business as
they:
·are
much more secure than carrying cash
·are cheaper than issuing cheques or making bank transfers
offer spending controls that suit your requirements: e.g. by cardholder;
by type of trade category
·enable the cardholder, your company and your nominated staff to
separate personal and business expenses, reducing the time spent on the
reconciliation and accounting of expense claims
·consolidate payments, easing administration and paperwork
enable you to take advantage of Internet, phone and mail order purchases
·come with a great deal of management information putting you in
control. You'll be able to analyse your business spending to help budgeting
to identify opportunities for savings to negotiate better rates with your
regular suppliers help you enforce your businesses expenditure and preferred
supplier policies
·are fairer to your employees, who no longer have to pay business
expenses with a personal card and their own cash
·allow your business to take advantage of many discounts and special
offers relevant to businesses
Business
credit cards from Barclaycard Business
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