Credit cards

 Pros

Instantly detect transactional irregularities: Real-time transactional notifications alert you to any irregular or fraudulent activity on the account, such as unauthorized purchases or credit card chargebacks.

Build a credit score: Utilizing company credit cards can help your business build its credit score. Banks often report your spending activity to the credit bureaus that compile your credit score.

Access rewards programs: Many credit cards offer rewards programs, such as cashbacks or airline miles. It is a great way to save money on purchases and travel expenses.

High spending limits: The credit line allows businesses to make higher-value purchases or pay for unexpected costs easily. This can improve cash flow and provide a source of temporary funding.

Cons

Potential for overspending: Although convenient, access to a credit line can make it very easy to spend more money than you have. This can lead to debt if not managed properly.

Potential for fraud: Fraud on credit cards has potentially high ramifications for your business. If account information such as digits is stolen and transactions take place, it can put your business in debt. Furthermore, the resolution process to get your money back is complex.

Can hurt credit: Failing to pay your credit account’s minimum required balance on time can negatively affect your credit score. This could prevent you from securing loans or other financial services in the future.

[TW]

信用卡

優點

立即偵測交易違規行為：即時交易通知會提醒您帳戶上的任何違規或詐欺活動，例如未經授權的購買或信用卡退款。

建立信用評分：利用公司信用卡可以幫助您的企業建立信用評分。 銀行經常向編制您信用評分的信用局報告您的支出活動。

獲得獎勵計劃：許多信用卡都提供獎勵計劃，例如現金返還或航空里程。 這是節省購物和旅行費用的好方法。

高支出限額：信用額度允許企業輕鬆進行更高價值的購買或支付意外費用。 這可以改善現金流並提供臨時資金來源。

缺點

超支的可能性：雖然方便，但獲得信用額度可以輕鬆花掉比您擁有的更多的錢。 如果管理不當，可能會導致債務。

詐欺的可能性：信用卡詐欺可能會對您的業務造成嚴重影響。 如果數字等帳戶資訊被盜且交易發生，您的企業可能會陷入債務。 此外，退款的解決過程也很複雜。

可能會損害信用：未能按時支付信用帳戶的最低要求餘額可能會對您的信用評分產生負面影響。 這可能會阻止您將來獲得貸款或其他金融服務。