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Small business accountant in Melbourne: why using credit card isn't really a bad idea

 A lot of small business owners are skeptical about using their business credit cards because it is seen as a form of credit and ‘credit’ is bad. But every business is bound to use ‘credit’ of any type. Read on to find out why using credit cards isn’t really a bad idea, in fact, it is a good idea!

Credit card will hurt your credit score – that is a fact only when you misuse it. If used correctly, credit cards can help to build credit over time. How to use it correctly? It is really simple, just make payments on time and keep a low balance.

Other than that, using credit cards can help you gain a little more funds back to your business. Many credit cards nowadays come with rewards program that allows you to earn points or even get rebates.

When you need want to buy something, for instance, new equipment, but lacking on cash?Credit card is your savior. Also, when there are unexpected expenses to incur, credit card will help you get out of that situation. However, it is extremely important to not treat credit cards as free money. 

There is a price to pay for everything, spend what you can afford to not create unnecessary debt. 

For more useful tips and advice on how to grow your small business, contact us here at mas accountants, the original accountants for small business, servicing Sydney and Melbourne for over fifty years.

 
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