In the home services industry, business expenses often vary month to month based on projects, season, and equipment needs, so it can be difficult to make a hard-and-fast financial plan. The best way to manage all those fluctuating costs is by using a business credit card-and with so many different choices available, there’s bound to be a few among them that are the best credit cards for your home services business.
But the best business credit card really depends on your specific business, and particularly your spending needs and credit history. For instance, the right card for a construction business owner looking to purchase expensive equipment might not be the same for someone who wants to earn points on recurring expenditures, like materials.
Luckily, there’s a business credit card for these scenarios and more. Here, we’ll show you some of the best credit cards for home services businesses to help business owners facing a few common financial concerns. Plus, the best solutions for those who want to maximize their necessary spending.
How a Credit Card Can Benefit Contractors & Home Service Businesses
There are several ways that a credit card can help you to achieve your business goals:
Improve Your Cash Flow
One of the most important benefits of business credit cards for contractors is the way they improve cash flow. The best business credit cards offer you a line of credit that gives you extra time to pay for purchases.
Receive Interest-Free Loans
If you pay your credit card off in full each month, you’ll avoid interest charges and can enjoy the benefits of these cards at no extra cost. Some cards even offer introductory APRs of 0% for anywhere from six months to a year or more. That interest-free period can be valuable if you need to make a large purchase and pay for it over time.
Earn Rewards for Spending
In addition, rewards programs can be very lucrative. Put the materials you purchase in your business on a rewards credit card and you can often earn thousands of dollars in cash back or reward points. (Sign-up bonuses or welcome offers can also help you boost those rewards significantly.)
Improve your accounting
Having a business credit card means that you can keep your business charges separate from your personal accounts.
If you want to use this Google sheet as a reference
docs.google.com/spreadsheets/...
If you would like home service leads and want to fill your calendar with estimates, book a free consultation call today and let us help you take your business to the next level.
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19 июн 2022
