May 19, 2020

5 Quick Tips for Your Business Credit Card

Business Review Australia
Bizclik Editor
2 min
5 Quick Tips for Your Business Credit Card

Written by Jeremy Cabral


Every business owner should be aware of how their business credit card works and how to use it properly. Most business credit cards generally work under similar principles as a personal credit card, although, as a business card owner, there are some key benefits.

Below are five tips to help you stay savvy over your card and your business:

1. Check for any added benefits: Check if this type of credit card would be suitable for your business spending habits. If you find that there are no added benefits on your card, it may be worth comparing business cards with some perks. For instance, business cards with frequent flyer points offer added benefits such as purchase protection or travel insurance. Although there may be some added benefits to these cards it is crucial that you are not just spending to simply earn reward points.

2. Clearer recordkeeping: You can save time and consolidate all your business expenditures in one place, making it easier to see all the transactions on the monthly statement.

3. Make it easy for tax time: When it comes to tax time it can be beneficial if you keep your personal spend separate to your business to track expenses. This saves time and money so the accountant doesn’t have to spend too long sorting out your paperwork.

Also by Jeremy Cabral: Leverage Business Credit Cards to Earn Frequent Flyer Points

4. Create a positive credit score: Using your business credit card wisely is a great opportunity to build a positive credit score. As your business expands, you can apply for credit much quicker.

5. Pay on time: Paying your business card on time makes a big difference. Not only does this keep your credit score inline, but you will avoid penalties such as disabling the interest free period. ANZ Business One Visa offers up to 55 interest free days, which could be valuable to avoid interest charges on purchases.

Remember, the main purpose of the card is to help you manage business expenses. Make sure that you are aware of all the fees and features of your business card or if you can find one that is more suitable to your spending habits.


About the Author

Jeremy Cabral is the publisher of Australia’s leading credit card comparison website A free comparison service that helps Australian consumers and business owners make informed choices about their finances.

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Jun 8, 2021

Timeline: India takes unicorn leap with six in five days

Kate Birch
2 min
We chart an historic week in India’s startup tech industry, where from April 5-9 the country achieved six unicorns

We chart an historic week in India’s tech industry, where in just five days, between 5-9 April 2021, the country achieved six new unicorns, bringing India’s total to 10 in 2021 to date, an immense unicorn leap from just seven in 2020 and six in 2019.

April 5: Meesho

India’s first social commerce unicorn, Meesho raised US$300m from SoftBank, Facebook and Shunwei Capital, giving the Bangalore-based startup a US$2.1bn valuation, a threefold jump from its previous funding round in 2019. Founded in 2015 by two IIT-Delhi graduates, Meesho connects producers and resellers, helping small businesses sell through social media. It has 45m customers and has enabled 13m entrepreneurs to start their online businesses with no investment.

April 6: CRED

Founded just over two years ago, Bangalore-based credit card repayment app CRED raised US$215m from Falcon Edge Capital and Coatue, nearly trebling its valuation to US$2.2bn from its January US$80m round. Allowing customers to pay off their credit card debt while earning CRED coins which they cash in for rewards, CRED has grown rapidly during COVID-19, doubling its customer base to nearly 6 million in a year.

April 7: API Holdings / Groww

The first epharmacy startup to gain unicorn status, PharmEasy (API Holdings), which has digitised 60,000 brick and mortar pharmacies and 400 doctors across India, raised US$350m in a round led by Prosus Ventures. Founded by four former Flipkart employees as a way of making investing simple, investment platform Groww became India’s second-youngest fintech unicorn, raising US$83m in Series D funding led by Tiger Global, quadrupling its previous round in September.

April 8: ShareChat

New Delhi-grown social media startup ShareChat, founded in 2016 by Mohalla Tech raised US$502m from Lightspeed Ventures, Tiger Global, Twitter and Snap taking its raised total over six rounds to US$766m and pushing its valuation to US$2.1bn. The funding will be used to grow its user base and short video platform Moj, which launched in 2020 following TikTok’s ban in India. The regional language startup claims 280m users.

April 9: Gupshup

AI-led conversational message startup joined the unicorn club after raising US$100m from Tiger Global giving it a ten-fold valuation of US$1.4bn. The smart messaging platform, which has seen accelerated growth during the pandemic, was founded in Bangalore in 2005 by serial entrepreneur Beerud Sheth, whose online freelancing platform Elance is now listed. Gupshup’s API enables 100,000+ businesses to build messaging and conversation experiences across 30+ communication channels. 


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