Smart business owners use vendor credit and business credit cards for their business, not personal credit cards. Using your personal credit card for your business lowers your personal credit score and doesn’t help your business to establish corporate credit.

There is another major advantage to having and using business credit cards other than simply having a business credit line and protecting your personal credit score.

Business credit cards offer rich ongoing rewards and business-friendly benefits that can help you reach your business goals faster. The best business card for your company? That depends on your spending habits and priorities. Consider those as you choose between business credit cards with features like cash back rewards, travel points and perks and long 0% intro APR periods.

Business credit card rewards, which can come in the form of points, miles, or cash back, are earned each time you make a purchase with your card. Rewards can be a reliable and convenient way to save money by lowering your account balance, covering travel expenses, or earning discounts with specific vendors.

Business owners know every penny they spend counts. When it comes to making the most of business transactions, using a business credit card can be a rewarding strategy.

If you're wondering whether business credit card rewards are taxable, the simple answer is no. Your business credit card rewards are not considered income and, therefore, they are not taxable. On top of that, credit card fees are deductible for businesses but not deductible for individuals. Businesses can deduct all credit card fees as well as finance charges. Businesses are eligible to deduct credit or debit card processing fees associated with paying taxes, but individuals are not.