This post was originally published on On Deck
Business credit cards can serve as powerful financial tools for small businesses. They provide an opportunity to cover short-term business expenses, manage cash flow, earn bonus rewards and build business credit.
But as your business grows, you may wonder: How many business credit cards should I have? Is one enough? Do I have too many?
While there’s no one-size-fits-all answer, the decision depends on a combination of your business needs, credit habits and financial goals. Let’s explore the pros and cons of owning multiple business credit cards, how it can affect your credit and when it might make sense to apply for more.
Should I have multiple business credit cards?
Many small business owners are content with just one business credit card, while others find it beneficial to have several. The decision depends on your business’s specific needs. If your current card doesn’t offer all the rewards, perks or credit limits that you require, adding another card might make sense. On the other hand, managing multiple cards can be complex, especially if your spending patterns vary from month to month — or if you already struggle with managing debt.
Multiple business credit cards may also offer financial flexibility, especially for
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