Establishing a business credit card account can be important for businesses transitioning from their start-up phase into their growth phase.  Your company may have access to a wide variety of financing options for its expansion needs; however, credit cards can play a vital role in the short-term cash management function that is critical to a growing business.  A business credit card can also enhance your credibility within the business community.

Here are five ways your business can use credit cards to improve its cash management:

  1. Separate Business and Personal Finances: Nothing raises the ire of IRS agents or accountants more than having to sort through records that mix business and personal expenses. Businesses risk increasing their costs due to the additional time it takes their accountant to prepare their taxes, as well the possibility of IRS audits triggered by commingled record keeping.
  1. Purchase Control and Convenience: Increasingly, businesses use the Internet to purchase supplies and book travel, which makes having a credit card more essential than ever. And, having a credit card available when an unexpected expense or unique opportunity arises may eliminate the need to use personal checks or personal credit cards, which can muddle record keeping. Credit cards with set spending limits can be one of the best ways to track and control spending by employees.
  1. Cash Management: Credit card financing can be an effective strategy for covering the cost of doing business in anticipation of the revenue it will generate. You may be able to take advantage of the 30-day billing cycle of credit card accounts to purchase inventory or materials needed for a customer order, which can then be repaid upon receipt of the customer’s payment. And, because, credit card transactions generate multiple records through physical receipts, transaction reports and online statements, record keeping may be much easier. Many business accounting software programs are able to import transaction data from online accounts, which virtually automates record keeping, data compilation and cash flow analysis.
  1. Earn Rewards: Using credit card cash back programs designed for businesses can have a significant impact on cash flow. Your cash back on gas and office supply purchases can, in turn, be used to pay for those same essentials.
  1. Build Business Credit (while protecting your own): A business needs a credit score as much as an individual does. A credit card account with a solid payment history is one of the quickest ways for a business to build a credit history that can open the door to other financing options. And, because business and personal credit activities are reported separately, your personal credit score is not likely to be affected by any adverse reporting, such as inquiries or high debt-to-income ratios.

Nevada State Bank offers three types of Visa® Business Credit Cards,* all with corporate liability insurance included, and plenty of rewards that you can earn as you use your credit. You can also monitor and analyze your spending with customizable management reports.

  • Visa® Business Card*
    This card, which is designed for employees to use for travel and entertainment, features an unsecured revolving credit line. Individual employee spending and credit limits can be set by management.
  • Visa Cash Back for Business Card*

This card is designed for small to mid-size companies that want to maximize their cash rebate and save money. Cardholders earn up to 2% cash back on certain recurring business expenses under select merchant categories and 1% cash rebate on all other eligible purchases.

  • Visa Capital Credit Card*
    This card is designed for businesses that choose to revolve balances at an attractive lower rate. Use the card as an unsecured working capital line of credit for seasonal purchases, inventory and office supplies. Individual employee spending and credit limits can be set by management.

Debit Cards

Many businesses opt to use debit cards if they are concerned about controlling their spending as well as their debt. Business debit cards are linked to your business checking account, which dictates the spending limit. Nevada State Bank business debit cards come with no annual fee, and cards for your employees are available at no extra cost.

Cards that Advertise

With Nevada State Bank's myPHOTOcard® you can design a debit or credit card for your business with a picture or image that commands attention whenever it is used by you or your employees.

To learn more about the benefits of Nevada State Bank's Business Bank Cards for your business, please visit your nearest branch or contact us toll-free at 1-866-354-5955.


*Credit approval required, restrictions apply.

The information provided is presented for general informational purposes only and does not constitute tax, legal or business advice.