BY DEBRA GELBART
In the cards CB&T’s business and commercial credit cards are tailored for entrepreneurs, organizations
W HEN YOU THINK OF a business using credit cards, you may envision a company that has dozens of employees and millions of dollars in annual revenue. In reality, the right business credit card can be an advantage for a wide range of entrepreneurs and operations, from the solo entrepreneur to a medium-sized enterprise. “Our business cards are appropriate for the college student working part-time as a graphic designer who wants to keep her business expenses
for practical-minded people and is our most popular card,” Stewart says. A second option called Amazing Rewards comes with reward points. “This one appeals to customers who might want to fund something special. They’re not just adding cash back to their company’s bottom line; they’re opting for a reward with perhaps a more emotional tie,” says Stewart. For those focused on the bottom line, the third option, called Amazing Rate , carries one of the lowest interest rates CB&T offers. Clear advantages All of the CB&T business credit cards feature basic tracking, budget and cost-allocation tools, so a business owner can have an itemized and categorized list of expenses for tax purposes and to create future budgets, Stewart explains. This also allows the business owner or manager to delegate employees to make purchases on behalf of the business. “This can offer a lot of convenience and efficiency and lets you stay in control of your spending,” Stewart says, adding that credit limits for business cards are based on business revenue, not on personal income. Cash back rewards and reward points tied to business credit cards are geared toward company- focused expenses such as office supplies, capital purchases, wireless networks, internet and business travel. There is no annual fee and companies can carry a balance from month to month.
separate from her personal expenses, all the way to a medium-sized enterprise with 50 employees and $5 million in annual revenue,” explains Ian Stewart, vice president and credit card product manager for Zions Bancorporation in Salt Lake City, the parent company of CB&T. “In fact, the majority of CB&T’s business credit card customers are smaller businesses with an annual revenue of less than $250,000.” A CB&T business customer can opt for any of
“Business credit cards increase spending power to allow a growing business to invest in that growth.” Ian Stewart
Vice President and Credit Card Product
Manager, Zions Bancorporation
three different business credit cards, each designed with specific benefits and advantages. One is a cash back card called Amazing Cash and is “a good fit
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IN YOUR CORNER ISSUE 13 | 2023
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