This Is How Much Cash Your Business Really Needs
If there’s anything the recent economic downturn has taught us it’s that maintaining a healthy cash […]
Gone are the days of having to sit down with a stack of bills and write out checks every month. One of the fastest and easiest ways to pay bills and invoices is with a credit card. Such transactions are quick and seamless. Depending on what cards you use, you can also earn rewards.
Use credit cards to pay for just about any personal and business purchase. If you’re a small business owner, paying with a credit card can streamline accounts payable. It’s possible to pay invoice with a credit card, which can save you valuable time that you can use to build your business. Credit card statements allow you to quickly and easily update your bookkeeping system.
With a few minor exceptions, it’s possible to pay all of your bills with credit cards. Paying with a credit card is possible for a wide variety of minor and major purchases.
You can use credit cards for car payments, rent, mortgage (depending on the credit card company), tuition, taxes, insurance fees, utilities, cellphones, student loans, fitness clubs, professional services, such as lawyers and accountants, landscapers, contractors and for just about any small or large purchase you desire, including autos and boats.
The ideal credit cards to pay bills and invoices are those that also earn you rewards. That way your card is doing double duty for you.
There are several types of rewards cards. These include cash back cards that enable you to earn cash for making purchases. Credit cards featuring general rewards points offer items such as gift cards and electronics. Airline mileage cards give you the opportunity to earn free plane trips and hotel stays.
Paying bills and invoices with a credit card is a straightforward process. Generally, you pay online or over the phone. With both methods, you give the company your credit card number, expiration date, billing zip code and security code. Approval for the payment is usually instantaneous. You’ll be given a confirmation code, which can be used as proof of payment, if necessary.
Paying for expenses with credit cards is a convenient solution to getting your bills paid that helps you manage your finances. However, if you’re paying bills with credit cards because you’re financially strapped, that can be a sign of major financial problems. You should be able to pay off your credit card balance at the end of each month.