Do’s and Don’ts for Using Business Credit Cards

Credit cards falling down are pictured in Rennes, western France on Feb. 5, 2013. DAMIEN MEYER/AFP via Getty Images

Using a business credit card can really help you manage cash flow and even offset some of the startup costs surrounding your venture. Still, credit cards are like short term loans. You borrow against your credit limit but you’re also expected to pay back what you spend in addition to interest.

Just like with personal credit cards, using business credit cards unwisely can cause you to get deep into debt which can affect your overall financial situation. Here are some important do’s and don’ts for using business credit cards to keep in mind.

Do: Research Fees and Terms

Whenever you get a new credit card it’s important to research the terms and fees so you know what you’re getting into. You’ll want to know what the interest rate is, how high late fees and return fees are and other fine print details like how much foreign transaction fees are.