Corporate credit cards: How they work, pros and cons - CreditCards.com

Employees who frequently travel or make company purchases can benefit from company credit cards to track expenses easily. Small businesses often opt for small business credit cards designed to reward common purchases. Larger small businesses may prefer corporate credit cards, available to businesses with several million dollars in annual revenue, requiring a federal tax ID and financial audit. Small business cards are available to any business size, with a simpler application process but may require personal guarantees. Corporate cards offer benefits like enhanced expense tracking, dedicated customer service, and no individual liability. However, they are typically only accessible to larger corporations. Business cards can help build a credit history for small businesses and allow large purchase flexibility. The type of card chosen should align with the business's needs and size.