Different credit cards come with different benefits and are meant for different purposes. Credit card selection should be based on the usage and purpose of the credit card. There are various credit card categories available for different requirements such as lifestyle, fuel, travel, etc. Similarly, one can avail credit cards meant specifically for business purposes. These are known as business credit cards.

A business credit card is ideal for smart money management in a business. Those who own a small business or a start-up can use a business credit card. By keeping the business account separate from the personal account, one can easily manage money while also getting better legal protection.  Apart from this, a business credit card can fetch hefty reward points for every transaction made through the credit card.

Since there are multiple business credit card available in the market today, it can be challenging to select the right one. To ease the process of selecting the right business credit card online, listed here are a,

Few factors to consider while narrowing down to the right choice.

  1. Specific business needs

At the outset, business owners or those looking for a business credit card should know exactly the purpose of availing a business credit card. Credit cards are a type of unsecured loan and influence one’s credit rating. Credit needs can be different across businesses, ranging from business-related purchases or vendor payments, or even business travels. A business can also opt for a business credit card for employees, where each card can have a specified limit. Such cards will also allow businesses to keep a track of spending, easy report generation, detailed analysis of all spending, etc such that it can be easily integrated into a business’s accounting solution.

  1. Card offers

Business credit cards come with bundled offers that encourage users to use them often. Some business cards offer air miles that can be redeemed for each air ticket purchase. Some cards allow airport lounge access while others offer points for buying fuel. Credit cards may also give points upon using them for dining or entertainment purposes. Therefore, a business should examine the credit card offers and understand what works best for specific needs.

  1. Interest rates and Fees 

Many online credit cards have high interest rates. Therefore, considering the interest rates before opting for a business credit card is a very important factor. Banks and credit card issuers may sometimes quote monthly interest rates. Many credit cards may also give an interest-free credit period of up to 48 days for all online transactions or purchases at different merchant outlets. This can prove beneficial while making day-to-day transactions. A business can also look out for the fees applicable on the card. Most business cards come with annual subscription fees that can range between Rs. 500-Rs. 5000. 

Additional read – Pros and cons of using a credit card to fund your small business

  1. Credit limit 

The credit limit is dependent on factors such as the credit risk profile of the applicant, credit history, etc. An applicant should always request the credit card issuer to reveal the credit limit before finalising a business credit card online. This will help in ensuring that a business does not end up with a card that has a very low credit limit or a card that has unwanted high credit limits. It is important to remember that credit card limits are considered open loans and are unsecured. Too much of an unsecured loan can hamper one’s credit profile.

  1. Ease of application

Business owners often have very limited time on their hands. Therefore, they would not want to spend time figuring out the paperwork and application process. Most online credit card issuers offer a mostly paperless and entirely digital application process. This can help in avoiding a physical visit to a bank, standing in queues and waiting for long application processes. A business should also look for minimal documentation requirements and opt for an online credit card that ensures an easy overall application process.


A business credit card offers a breathing window to businesses for making payments towards hefty business expenses. Whether it is for purchasing new equipment, small machinery, or investing in new software, a business can avail an interest-free way to buy things that grow your business. But, all of this is possible only when one chooses a credit card issuing authority that understands individual needs. Therefore, before applying for a business credit card, always take time to research the lending conditions, fees and penalties, and rewards and redemptions. Along with these features, select a bank that approves credit online and delivers it to the doorstep as quickly as possible.


FAQs Factors for Business Credit Card Online

  1. What is the ideal credit score to get a business credit card?

Business credit cards are generally issued to applicants who have a credit score above 640. Most business credit cards require a good credit score to be approved.

  1. How do I pay my credit cards after I block a credit card?

It is easy to make payments towards a blocked credit card. One can transfer the dues online to the credit card account or issue a cheque. One can also visit a branch and make payment in cash before collecting the deposit slip.

  1. How are business credit cards issued in India?

Business credit cards are issued by various banks once the applicant selects the card as per individual requirements. The cards are generally issued for a period of one to three years. For this, an application form with a photograph must be submitted.

  1. Can I overpay my credit card to increase the limit?

The credit card limit is set by the bank as per parameters like credit score and credit history. Overpaying credit cards can influence the credit limit, but may not necessarily change it.

  1. Is it hard to get a business credit card?

Those who have a good credit score will find it easy to get a business credit card. Many applicants can avail of one even if they do not have a business. Business credit cards can offer better perks and rewards as compared to personal cards.

  1. Does everyone who applies for a business credit card get one?

An applicant must satisfy all the eligibility criteria established by the lender apart from having a good credit score to avail of a business credit card. Approval of a business credit card is entirely at the lender’s discretion so everyone who applies for it doesn't need to get one.

  1. How long would it take to receive the business credit card?

After receiving approval, it may take up to 7-10 working days to receive a business credit card. The process generally takes 15-20 working days post submission of the application form. However, these timelines may differ across card providers.