Want this special credit card? Here is a listing

Want a credit card? Then you need to ask yourself, 'Do I really need a credit card?' Yes, expenses have to be paid and many times credit card holders end up spending too much due to misplaced exuberance. Of course, credit cards come in different avatars and if you are a businessman, then you should know how to take advantage. Significance of credit cards in cashless economy and for smooth exchange of money cannot be negated. If you wish to commence your business or are willing to boost your trade, you need to know that like personal credit cards there are credit cards for business purposes also. But prior to having such cards you should know how to select one, which may not only assist you but also facilitate your business transactions.
 
A credit card, that can be utilised for business purposes rather than for personal use is termed as business credit card, which are being facilitated in all kinds and sizes. Therefore, selection of such card/s should be done very carefully. 
 
If a businessman defaults on his credit card bills, he will be held liable for the repayments of the dues depending upon the terms and conditions of the credit card agreement. Such credit cards have unique benefits, which vary from company to company. 
 
Business credit cards are best suited for those entrepreneurs who want to establish business credit for their business. Besides offering benefits like other traditional credit cards, these cards also tend to help small or mid-sized traders to keep their business expenditures separate from their personal spends. 
 
Prior to opting one such card, you should put forth clear picture of your financial status. Avoid lying on a small business credit card application. While applying for your first business credit card, you should include your business revenue with your personal income, as you will be personally backing the credit for your business.
 
One very important aspect you should take care that most of these credit cards change hefty interest, therefore, calculate and compare the available cards. You should also know that credit cards also take yearly charge that may vary from Rs 500 to Rs 5000. 
 
You should also be careful about your credit limit which is calculated on your risk taking capacity in financial terms along with your profile. Your credit limit should not beyond you capacity or it should not too less to serve your purpose. 
 
The business credit cards are currently offered in India by:
 
1. SBI Corporate Platinum Card: If you go for this card, you can put a limit on daily, weekly and monthly expenditure on the card usage.
 
2. HDFC Business MoneyBack Credit Card: This can help you in earning a number of rewards on your travel, shopping and other expenses. 
 
3. Axis My Business Credit Card: This card is tailor made to meet every business need you have, allowing you to enhance your business efficiency through its various features and benefits. 
 
4. Citibank Corporate Card: The card holder can have a centralized and streamlined process to manage spends with an online spend management tool.

5. ICICI Bank Corporate Card Solution: In two variants of Platinum and Gold, the card is highly effective to manage the travel and entertainment expenses of your employees.

6. Corporate Card – Kotak: All purchases made through this card are insured for a certain period of time--upto 180 days or six months from the date of purchase. 

7. Business Gold Card – Standard Chartered: This is exclusively designed for the self-employed, who can enjoy higher savings as the card ensures you 1% cashback on your other transactions.

8. Laghu Udhyami Credit Card – Allahabad Bank: Valid for 3 years, the card can be used for purchasing of raw materials etc. The rate of interest depends on the profile of the proposed Borrower.