Real estate services company JLL estimates that by the end of this year, hotel transactions in India will amount to a total of $413 million. Last year, the industry saw investments worth $401 million.
04.10.2024 - 17:31 / thepointsguy.com
If you own and operate a small business, you're probably familiar with business credit cards. But if your company is really on the up-and-up, you might want to start looking into corporate credit cards.
What's the difference? And how do you know if a corporate credit card is right for you? Keep reading for the answers to those questions and more.
A corporate credit card is a card tied to a corporate account rather than to an individual. That means the business entity, not the business owner, is legally responsible for all charges made on the card.
Generally, corporate accounts are only available to businesses with annual revenue of $4 million or more, plus a track record of success and an established business credit history. If your business is an LLC, S-Corp or C-Corp with a solid business credit score and revenue in the millions, your company might be eligible for a corporate credit card.
Some corporate credit cards come with perks like points, miles or cash back. However, the biggest benefit to a corporate credit card is that individual employees can be issued their own cards to handle their work-specific business expenses.
The primary difference between corporate cards and small-business cards is who is liable for debt and fees. With small-business cards, the primary cardholder is personally liable; with corporate cards, the company is liable.
Then there are rewards. With small-business cards, the primary cardholder earns rewards on the card. But on corporate cards, the company usually keeps the rewards — and generally the earning rates aren't as lucrative as you'll find on many small-business cards.
If employees are currently allowed to put business expenses on their own cards and then submit their business expenses for reimbursement, some employees may see the switch to a corporate card where the company reaps the rewards as a significant loss of benefits.
In short, no. Corporate credit cards don't require a personal guarantee, so a credit issuer likely won't do a hard inquiry into your personal credit file. This means that you could have a low personal credit score and still have your business qualify for a corporate credit card.
On the other hand, if your business has bad credit or has only developed a limited credit history, you'll have a harder time.
If you're interested in a corporate credit card, you'll generally have to contact a card issuer directly. Unlike consumer credit cards, corporate credit cards often have lengthy application processes, including documentation of a business's income and expenses. Your business may even be financially audited.
Small-business owners may be familiar with business credit cards, but corporate credit cards are more appropriate for businesses with annual
Real estate services company JLL estimates that by the end of this year, hotel transactions in India will amount to a total of $413 million. Last year, the industry saw investments worth $401 million.
The Seven Wonders of the World: it’s a group as iconic as The Beatles, as ancient as history itself, and as lore-heavy as a Hinge date from Bushwick who really found themselves in Bali. And while seven may seem like a compact number—as with any great classic—there’s been a slew of reboots and sequels since the original list from the ancient world dropped nearly 2,000 years ago. We compiled our own list earlier this year, and have coined some sites ‘Eighth Wonders’ (including in this fun piece about New Zealand’s pink and white terraces from Jeopardy! host Ken Jennings). Even the so-called original list is likely a remix too, as the oft-cited first version from ancient Greek historian Herodotus exists only in reference, having been long lost since its days on the Museum of Alexandria’s shelves.
It's that time of year again: Time to use any credits that will expire at the end of the year, plan any last mileage runs or mattress runs for elite status and start thinking about your points-and-miles strategy for next year. It's also a good time to see what loyalty program and credit card changes are happening next year.
This as-told-to essay is based on a conversation with Jennison Grigsby, an American mom and yoga teacher who lives in Valencia, Spain. It's been edited for length and clarity.
Chances are you have a credit card that offers some type of travel insurance or trip protection. This could be for benefits like trip delay reimbursement or lost luggage insurance. With these protections, purchasing a travel insurance policy may seem unnecessary.
Not long ago, I was at Home Depot with my mom, grabbing a few things she needed, like lightbulbs and air filters. A friendly employee wearing the store's iconic orange apron greeted us.
When you first see it, the term "negative balance" can make you think you made a mistake, like forgetting to pay your credit card balance. However, a negative balance on your credit card is actually a good thing because it means the bank owes you money instead of the other way around.
There's nothing like being asked to be a part of someone's special day. Whether it's via a thoughtful gift box or an excited phone call, when a sibling or close friend asks you to be in their wedding party, you're almost certainly going to say yes.
I love going on cruises, but I go alone because my wife of 33 years does not. Fortunately, she encourages my travels.
Luxury cruise line Regent Seven Seas Cruises is offering nearly half-off trips around the world for next year.
Southwest Airlines is on the move with new routes, while trimming others.
As astrotourism continues to take off, more travelers are planning trips on Earth based on night sky events—from solar eclipses and rare supermoons to the annual Perseid meteor shower. And while many of us mourn the early sunsets that fall brings, the extra hours of darkness offer an opportunity to tune into the celestial movements above.