Corporate cards offer features small business cards don’t, but they’re generally only available to businesses with several million dollars in annual revenue.
The content focuses on the distinctions between corporate and small business credit cards, detailing their benefits and limitations.
Corporate cards, suitable for larger businesses, offer features like easy tracking of employee spending, no personal liability for employees, and dedicated customer service, but require thorough application processes and are often only available to businesses with significant annual revenue.
Conversely, small business credit cards are accessible to companies of any size, allow owners to build business credit, and typically require a personal guarantee from the business owner, which can affect personal credit.
The piece is an objective assessment by Elaine Pofeldt and Emily Sherman, emphasizing the importance of understanding the terms and benefits of each card type based on business needs, without influence from advertising dollars.