There are no business credit cards currently available.
Many small business owners use a personal credit card for business expenses and whilst there is nothing wrong with that, there are a number of benefits that come with using a business credit card instead.
In many cases it is actually more cost effective to use a personal credit card for business expenses, due to the fact that you get charged a lower interest rate and you minimize any account fees by holding fewer accounts. You can also maximise your rewards points by consolidating all of your spending on a single card. However there are also a number of disadvantages to using a personal credit card for business expenses. The most obvious one is that it becomes difficult to separate personal expenses from business expenses. More importantly as a business owner filing tax returns, business expenses have to be proven to the tax office. If a single payment is missed then personal credit ratings take the hit.
Therefore it makes a lot of sense to separate business expenses from personal expenses by using a business credit card.
No matter what you need a business credit for Money-AU will help you make an informed decision. As a financial comparison site, Money-AU organizes a range of credit card offerings from a huge variety of banks in an easy to understand way that will help you pick the financial product that is most suitable for you.
Economists at Australian banking major ANZ are predicting that the Reserve Bank of Australia will cut the official cash rate to as low as 2 per cent by the end of next year, arguing that it may be more prudent for the government to back away from its budget surplus plans.
The economists are basing their prediction on the back of a weak Australian economy and modest gains in the global economic outlook.
The latest retail forecasts are projecting that Australians will spend approximately $32 billon over Christmas, with the average spend per person estimated to be $1200.
The forecast represents an increase over past years and is a major bonus for the retail industry which over the last few years has felt “more Grinch than Santa” according to Margy Osmand, the chief executive of the Australian National Retailers Association (ANRA)
The extremely detested surcharge that consumers are hit with when paying for a cab ride using a credit or debit card is unlikely to survive into the new year if the Australian central bank has its way.
The Reserve Bank has revised the rules regarding surcharges which are effective next year, tightening the language and making it explicit that the surcharge rules also apply to the taxi industry.