3 Top Risks of a Small Business Credit Card

3 Top Risks of a Small Business Credit Card

Last Updated on: June 22, 2025

Are you on the verge of applying for a small business credit card? Are you excited about the benefits this will bring to your company?

If you find yourself in this position, there’s something to keep in mind: you must become familiar with the risks before you sign your name on the dotted line.

Most people soon learn that the benefits of a small business credit card far outweigh any potential risks. Even so, you need to be aware of everything that could go wrong.

Here are three top risks to keep an eye on at all times:

  1. Giving the wrong employees access to a business credit card. In short, this isn’t something you should give anybody and everybody.

In addition to yourself, think long and hard about which employees should be carrying a business credit card. Here’s the one question to ask yourself: can you trust the person? If the answer isn’t 100% yes, you need to reconsider what you’re doing.

  1. Forgetting to read the terms and conditions. It’s easy to believe that you understand the ins and outs of your small business credit card, but you don’t know everything until you read the fine print.

The terms and conditions will outline every last detail of your offer, from the interest rate to the fees and much more.

  1. Spending more than you can afford. Just the same as your personal credit card, you don’t want to spend more than you can afford to pay at the end of the cycle.

If you never carry a balance you’ll never be hit with a finance charge – and that’s exactly what you’re hoping for.

These are three of the top risks associated with a small business credit card. There are others to be aware of, so make sure you keep your eye out for anything that could get in your way.

What are your thoughts on these risks? Would you add any others to the list? Share your thoughts in the comment section below.

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