Business credit cards come with many benefits compared to other forms of financing and payment methods.

Compared to loans or equity investments, one major benefit to a business card is that applications are relatively short and straightforward and approval may come instantly. For businesses looking to add access to capital, it’s hard to find a more convenient option than a business credit card.

Another benefit to business credit cards is having the ability to easily review transactions, track expenses and document activity over time. Many cards have built-in integrations to other reporting tools to make your finances a breeze.

Lastly, business cards facilitate payments more easily than other methods. Credit cards are accepted nearly everywhere and may even earn rewards for expenses your business must cover anyway. It’s also usually easy to add employee cards if others need convenient payment options as well. Plus, compared to debit cards, business cards can include extra stop-guards for your business such as extended warranties, fraud liability or purchase protection.