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Why businesses should have a credit card
Whether you’re a small business owner, growing startup, or enterprise, staying on top of your finances can be a challenge. One area that often causes headaches? Managing corporate expenses.
In today’s fast-paced environment, businesses need a solution that simplifies expense management, integrates seamlessly with financial systems, and offers a streamlined review process. That’s why having a reliable and efficient business credit card is so essential.
The right credit card can transform the way companies handle their finances, making it easier to stay on top of expenditures and focus on growth. Read on to learn how Zeni is transforming the credit card experience.
Benefits of a business credit card
You’ve heard it a million times but we’re going to say it again…as a business owner, you need to keep your personal and business finances separate. For one, it makes tax season much less stressful. And two, it ensures that your personal credit score is not impacted by your business activities (and vice versa).
Besides the obvious, there are other benefits that credit cards offer:
- Boosts your business credit rating: Every time you make timely payments, your credit score is positively impacted. A good credit score is useful when applying for a business loan, as you’re more likely to get better loan terms and lower interest rates.
- Improves business cash flow: When you purchase something on your credit card, your business doesn’t have to immediately pay it off. This flexibility can be critical in managing seasonal variations in business cash flow or unexpected expenses.
- Personalized spending controls: Rather than relying on departments to stick to their budget with their reimbursement policy, business credit cards allow you to set spending limits per departments, or even issue specific employee cards. This ensures that expenditures stay within budget and are aligned with company policies, minimizing the risk of overspending.
- Rewards credit card: The cash-back percentages, travel benefits, mileage earning, and welcome bonuses that come with business credit cards may be higher than with personal credit cards and also typically will target business-specific categories. These rewards can significantly reduce overall business costs and provide additional value through travel perks and other benefits. Leveraging these rewards can enhance your business’s financial efficiency and reduce expenses in key areas.
Introducing Zeni Business Credit Cards
While there are hundreds of different credit cards to choose from, not all will fit the specific needs of your business. Many credit cards have drawbacks, such as hidden annual fees, confusing rewards programs, and difficulties in monitoring expenditures.
These issues can make managing finances difficult, and often lead to unexpected costs. Introducing Zeni’s Business Credit Cards – Transform your payment experience with AI spend management, 1.75% cashback3, zero fees & expert support.
Zeni is redefining business finance management with its latest addition to the product suite: Business Credit Cards. Some of the major advantages include no hidden fees, unlimited free cards, straightforward cashback, and seamless integration with Zeni's Spend Management, Business Banking, and Bookkeeping products.
Our holistic approach ensures streamlined and connected financial management for your business.
Our 10 favorite perks of Zeni Business Credit Cards
We’ve got a long list of benefits when it comes to our credit card.Here are our top ten:
- AI-Powered: Zeni's credit card uses AI to automatically categorize transactions, identify vendors, assign classes, and reconcile transactions for a faster month-end close.
- Seamless Integration: Zeni’s Business Credit Cards integrate seamlessly with our entire product suite, including AI Bookkeeping, Spend Management (AP/AR, Vendor Management), Banking (Checking Accounts, Business Cards), and expert support. Unlike the fragmented setups of traditional banks, our integrated system ensures all your financial data is synchronized, giving you a clear and comprehensive view of your financial health.
- No Credit Checks: No personal guarantees or credit checks against founders like traditional banks. Credit is offered based on the financial health of the startup.
- No Fees: Traditional bank cards can charge anywhere from $95 to $695 when it comes to annual fees. With Zeni, there are no annual fees, freeing up your budget for more important expenses.
- 1.75% Cashback: We offer a personal guarantee of 1.75% cashback3 on all purchases! There are no complex rules or restrictions. This straightforward approach ensures you always know the rewards you're earning, no matter where you spend. Treat it like bonus cash for your business!
- Higher Credit Limits: We offer higher and more predictable credit limits based on deep financial integration.
- Unlimited Virtual Cards: Instantly issue virtual cards to your team, guaranteeing effortless tracking, clear limits, and compliance.
- Expert Support: Zeni experts are skilled in guiding businesses through all stages, offering assistance and valuable insights no matter where you are on your journey. (yes, even for business spending!) They’ll work with you throughout the entire calendar year, ensuring you’re utilizing Zeni’s products in the best possible way.
- No Foreign Transaction Fees: Unlike some traditional cards which charge around 3% for international transactions, Zeni does not charge any fees for international transactions. This benefit can save businesses a significant amount of money, especially those who frequently travel globally.
- Purchase Protection: You won't be held responsible for unauthorized charges made with your Zeni credit card. Constant monitoring safeguards against suspicious activity, and when you sign in to app.zeni.ai, we encrypt your data to help ensure your personal information stays confidential.
Pre-seed? Growing startup? Why our small business credit card will work for you
Small businesses often face unique financial challenges, such as managing cash flow and keeping personal and business expenses separate. That’s why it’s so important to do your thorough research and apply for the right credit card.
Zeni’s small business credit card is designed to address these needs by offering simplified financial management, improved cash flow, and enhanced spending control. With features like personalized spending limits, seamless integration with Zeni’s financial tools, and a straightforward 1.75% cashback3 on all purchases, small businesses can efficiently track and manage their expenses, leading to better financial oversight and strategic planning.
Additionally, Zeni’s Business Credit Cards come with no hidden fees, robust security measures, and expert support, making them a cost-effective and secure choice for small businesses. The easy onboarding process ensures that businesses can quickly start benefiting from the card’s features.
By providing a comprehensive, transparent, and user-friendly solution, Zeni helps small businesses streamline their financial processes and focus on growth.
Deep dive into Zeni’s Credit Card
#1 Issue a card. Here’s how to enroll
Account opening is easy—just three simple steps to help your team get their own employee card:
- Open Zeni Business Credit Card: Already a Zeni customer? Whether you use Zeni for your Checking Account, AP/AR, Bookkeeping, payroll, or fractional CFO support, you are able to open your credit card at no cst. Not a current Zeni customer? Chat with a Zeni Expert to Open a FREE account.
- Verify and Link Accounts: Submit documents for individual and business identity verification. Then, link your preferred checking account.
- Issue Cards To Users: Issue as many cards you need to as many users as you'd like, all in one step. You'll be able to set spending limits on all cards.This step in the account opening process ensures that the right individuals have access to the card, and their activities can be monitor
#2 Use your card immediately
Need a card for one or the entire team? Zeni provides virtual and physical cards for free. Plus! No need to wait for the physical card—add to your mobile wallet and start spending right away.
#3 Review spending in real-time
Our dashboard provides a comprehensive overview of all your credit card activities, enabling you to make informed financial decisions.
This includes seeing all of the departments credit cards associated to your business, the owner of the credit card, amount spent, and what their utilization looks like.
The dashboard also shows a quick preview of how much has been spent, how much credit is remaining, total cashback earned, and when the limit will reset.
Keep track of approved transactions and spending patterns. This monitoring helps in understanding spending trends and identifying areas where cost savings can be made. Monitoring spending patterns provides valuable insights into your business’s financial health.
Each month, you will receive a statement credit report which will cover all purchases, amount owed, and amount paid.
#4 Get granular. Review transactions by employee or department
Stay on top of your team’s business purchases with easy, detailed transaction reviews. Access and review transaction details by employee or department from your Zeni Dashboard. This helps you spot any discrepancies or unauthorized expenses, making sure all expenditures are within budget. Approve legitimate expenses or flag suspicious activity to keep everything aligned with your business policies and prevent fraud.
Get started with Zeni Business Credit Cards
Don’t let traditional banking hold you back. Upgrade to a credit card that is designed to integrate smoothly with your financial management tools, providing a cohesive and efficient solution for your business needs.
Zeni Business Credit Cards offer an integrated solution with AI-powered transaction categorization, seamless integration with our product suite, and higher credit limits. With no personal guarantees, credit checks, or annual fees, and 1.75% cashback3 on all purchases, managing expenses has never been easier. Enjoy unlimited virtual cards, robust security features, and dedicated expert support.
We understand what businesses need to thrive. Let us demonstrate how our credit card services can simplify your financial processes and enhance your operational efficiency. Upgrade to Zeni Business Credit Cards and experience a smarter way to manage corporate expenses. Ready to get started? Book a demo with us.
