Why Every Small Business Needs an Amex Business Card
As a small business owner, you’re always on the lookout for ways to grow your business, increase profits, and reduce expenses. One way to accomplish all three goals is by getting an American Express (Amex) business card. In this article, we’ll explore the top reasons why every small business should have an Amex business card.
Access to Credit
One of the most significant advantages of an Amex business card is access to credit. Small businesses often need a significant amount of credit to make investments, purchase supplies, and expand. With an Amex business card, you can access up to $50,000 of credit.
Moreover, Amex offers flexible payment terms that allow you to make smaller payments if you need more time to meet your expenses. Additionally, you can set up automatic payments to ensure that you never miss a payment.
Build Business Credit
Another reason why every small business needs an Amex business card is to build business credit. Having good business credit is crucial if you want to apply for loans or get financing. However, building business credit can take time, and you need to start somewhere.
By using an Amex business card regularly and making payments on time, you will be establishing credit history for your business. This, in turn, can help you secure future financing and investment.
Rewards Programs
Amex business cards also offer rewards programs that can save you money and provide additional value. Rewards often include cashback, discounts on travel expenses, and rewards points that you can redeem for products and services.
Furthermore, rewards programs can encourage you to spend more on your card, helping you reach the thresholds needed to qualify for these rewards.
Expense Management & Tracking
An Amex business card is also incredibly beneficial when it comes to expense management. With online account tools, you can track expenses in real-time, set up budgets, and track expenses by category. These features help you stay on top of your finances and make better financial decisions for your business.
Conclusion
In conclusion, every small business should have an Amex business card. Not only does it provide access to credit, but it also helps to build credit history, provides rewards programs, and helps with expense management and tracking. With these benefits, an Amex business card can help take your small business to the next level and achieve your goals.
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