How Do I Open a Business Credit Card?

Why are business credit cards more attractive?

In this section, we want to explain to you why this is so and what the consequences are:
The answer to the question of “why” is comparatively simple: as banks can continue to charge higher fees on business credit cards, the cards are much more attractive to banks.

How do I open a business credit card

That’s easy to calculate: if you spend 10,000 euros a year, your bank will receive a total of 30 euros in fees on a private credit card. However, if you go shopping with a business credit card, your bank could earn up to 300 euros depending on the contracts. In other words, banks can earn ten times as many business credit cards. Of course, that’s why the benefits are not ten times as great as with private credit cards, but notable.

How do I open a business credit card

What are the advantages of business credit cards?

The differences can be clearly identified using the example of the Miles & More credit card. Lufthansa offers this credit card in a total of six variants. For private customers, there are both the blue and the golden credit card in two models, in the corporate credit card, there is only one model. For the sake of simplicity, here we only want to contrast the top models of the private credit card and the business credit card. Both costs with an annual fee of 70 euros (Miles & More Credit Card Blue) and 110 euros (Miles & More Credit Card Gold) the same.

Look at:   Are Business Credit Cards Easy to Get?

How Do I Open a Business Credit Card?

How can I open a business credit card?

The benefits, including insurance, look similar at first glance. But there is one decisive difference: as a private customer, you will receive only one mile for every 2 euros in sales; as a business customer, there will be one mile for every 1 euro of sales. Specifically, this means: As a private customer, you only receive half of what business customers receive. There are also other minor benefits, such as access to REGUS Business Lounges for business credit card holders. However, the example shows well that with a business credit card you are in any case better off.

 

How Do I Open a Business Credit Card? How Do I Open a Business Credit Card? How Do I Open a Business Credit Card? How Do I Open a Business Credit Card?

How Do I Open a Business Credit Card? How Do I Open a Business Credit Card?

How Do I Open a Business Credit Card? How Do I Open a Business Credit Card?

One thought on “How Do I Open a Business Credit Card?

Leave a Reply

Your email address will not be published. Required fields are marked *