Pros of Having a Small-Business Debit Card
- Convenience: It’s simple to use. Whether you need to buy supplies for your business from a local store or make a purchase for a service online, debit cards give you access to your cash flow right away. There’s no more cutting checks or going to the bank to withdraw cash.
- Budget: Stay on budget with a debit card. Using credit can put your over budget, especially when you factor in high interest rates. A debit card doesn’t charge interest rates and keeps you from overspending. For small-business owners, every penny counts!
- Easy to Qualify: Newly formed small businesses might not qualify for business credit cards because of the extensive application process. However, opening a business checking or savings account will qualify you for a debit card, no questions asked. You can even get additional cards for employees who have permission to access the business’s cash for essential purchases.