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

Company credit cards are beneficial for tracking employee expenses and facilitating purchases. Small business credit cards are suitable for entrepreneurs, tailored to reward common small business purchases. Corporate credit cards are ideal for larger small businesses with extensive revenue and require additional qualifications like a federal tax ID. While small business cards are more accessible, corporate cards offer advantages like more robust features and dedicated customer service support. Business owners are personally responsible for small business card debts, while corporate cards generally hold the company liable. Corporate cards simplify tracking expenses and provide detailed analytics, benefiting both businesses and employees. Business cards, on the other hand, are more suitable for smaller companies and help build a credit profile. Personal credit can be affected when using business cards for large expenses, whereas corporate cards do not impact personal credit. Corporate cards often come with annual fees due to their additional features. Overall, the choice between a corporate card and a business card depends on the company's specific needs and size.