Your business has to spend money to grow. It’s a simple fact of life. From basic supply purchases to logistical investments and even the occasional business dinner, you’re probably using plastic everywhere you go. So why not make sure the plastic you're using is giving you the benefits you need to succeed in small business? Here are 5 reasons why you should be using a business credit card: \t Higher Spending Limits Many business cards have credit limits of $50,000 or more. More credit means less worry when it comes time to make larger expenditures. Also, big costs can arise unexpectedly and catch you off guard. Company cars break down, legal issues arise - and having a high spending limit means you're ready for those costs when they come. \t Business Perks To attract businesses to their cards, many creditors offer attractive perks that can help you pay for travel expenses and business supplies. Some cards even give you access to exclusive airport lounges. Many business credit cards offer a multitude of perks, so be careful to find the one that will best support your business expenditures. \t Separate Expenses Many business credit cards offer detailed monthly and quarterly expense tracking. This saves a significant amount of time when the tax man comes around. Instead of pouring through receipts in an attempt to sort through your expenditures, you’ll be pouring a nice glass of wine and kicking back. Separating your personal and business expenditures also helps you protect your personal assets in the event of a lawsuit. Deciding not to get a business card is definitely not something to risk losing your home over. \t Credit Rating Boost As with any credit card, when you make payments on time, your credit rating improves quickly. Building business credit is crucial to qualifying for better rates and terms on business loans. The better the credit score, the better the loan offers you’ll receive. \t Control Over Employee Spending Most business credit cards allow you to issue employee cards with limits set by you. This both enables you to delegate certain spending tasks and allows you to keep those expenditures in check. Now that you know why you need business credit card, here’s a few tips to help you pick one: Which card should you choose? When choosing a business card, you'll need to shop around a bit to find the best business card for your needs. Evaluate offers from American Express, Visa, MasterCard, and others. Compare interest rates, grace periods, special rewards programs, and other offers. Note any additional fees that need to be paid for said offers. Also, be sure to read the fine print on any credit application. Once you find the business card that’s right for you, you’ll be ready to start building credit and reaping rewards. You’ll also look pretty cool when you flash that fresh plastic at your next business dinner - just sayin'.