Personal Vs. Business Credit Cards – Best Bonuses for Each


Personal credit cards are more common than business credit cards. Do you know the difference between these two cards? If not, it is a great idea to consider the difference and the credit card bonus offers applicable to each. All credit cards come with unique pros and cons. That is something you need to understand from the start.

On the surface, the cards seem somewhat similar. They both build interest on overdue balances, offer a line of credit, and usually come with benefits and rewards. However, there are differences between them that you need to consider before you get one.

Key Differences Between These Credit Cards

Are you looking to keep your personal and business purchases separate? If so, learn about personal and business credit cards and their differences. For example, some business credit cards offer better rewards than their counterparts. However, they can both give you access to additional lines of credit. Some of the differences between the two include the following:

Credit Limits

Personal credit cards typically have lower limits than their business counterparts. Business credit cards account for personal income and business revenue to determine the user’s credit score. If your business revenue surpasses your salary, you will likely have a higher credit limit than a personal credit card.

Interest Rates

Generally, rates and fees are similar across personal and business credit cards. However, they can vary by the credit card product you choose. Understand that your interest rate for both types of cards will depend on your creditworthiness.  

Zero Percent APR Terms

A zero percent promotional APR isusually offered for longer periods on personal credit cards thanbusiness credit cards. While the zero percent payment periods for personal credit cards could last for more than a year, most business credit card promotional periods rarely last that long.

Separate Lines of Credit

Personal credit card usage will affect your credit score. However, such cards do not let users build credit on their business cards. On the other hand, business credit cards can affect the business owner’s credit score, depending on the issuer. That is because users secure their business cards with a personal guarantee to pay any business debts they accrue. 

Consumer Protection Laws

CP laws are usually stronger with personal credit cards. In most cases, the late fees applicable to business credit cards are significantly higher than those applicable to a personal credit card. That is an essential bonus factor to consider. 


Business credit cards usually come with added reward categories. They also offer some unique business-related bonuses and benefits. For example, some employee credit cards come with no additional costs. They allow business owners to spend on their business accounts, and they can track their activities. Unlike personal credit cards, business cards may help with future expense reporting and financial organization.

Are you a business owner? Do you have a business credit card? If not, now may be the time to get one. Personal credit cards maybeubiquitous, but a business credit card can provide unique benefits and bonuses.