Credit Cards

Business credit cards are designed for company expenses and help separate your personal and business finances. They often offer higher credit limits, business-specific rewards, and expense tracking tools that make accounting easier.

Not always. Many providers accept applications from sole traders and new businesses, though you may need to provide personal guarantees. Some cards are specifically designed for startups and newer companies.

While business credit cards can help build your business credit profile, missed payments or defaults may still impact your personal credit score if you've provided a personal guarantee during the application process.

You'll typically need business registration documents, recent bank statements, proof of identity, and sometimes financial statements or tax returns. The exact requirements vary between providers.

While it's technically possible, it's not recommended. Using business cards for personal spending can complicate your accounting, affect your tax records, and may violate the card's terms and conditions.

Credit cards offer more flexibility - you only pay interest on what you spend, can access funds repeatedly up to your limit, and often come with rewards programs. They're ideal for ongoing expenses rather than one-off large purchases.

Most business cards offer cashback, points, or miles on purchases. Common categories include office supplies, fuel, travel, and general spending. Rewards can be redeemed for cash, statement credits, or business-related purchases.

Missing payments can result in late fees, increased interest rates, and damage to both your business and personal credit scores. Contact your provider immediately if you're struggling - they may offer payment plans or temporary relief.

Options exist for businesses with poor credit, though they may come with higher interest rates, lower credit limits, or require secured deposits. Building your credit history with these cards can help you qualify for better terms later.

This depends on your business needs. Some companies use multiple cards to separate different expense categories or to take advantage of various rewards programs. Just ensure you can manage the payments and keep track of spending across all accounts.