Should you consider owning a Corporate Credit Card as a business?

Should you consider owning a Corporate Credit Card as a business?

One of the underrated challenges of running a small business (SMB) as an entrepreneur is the ease of paying bills.

These could vary from subscriptions (e.g. accounting software, email and productivity tools, etc.) to out-of-station expenses. An easy fix for these are credit cards; however, at the thought or mention of credit cards, many entrepreneurs wonder “how does this work for my business?”.

Well, we at Boon Credit come bearing good news as usual. It’s time to put monthly billing worries away because Boon credit cards are equally accessible to SMBs. All you need to do is send us an email at and we will request the following from you:

  1. Proof of existence. Your CAC certificate will suffice for this.
  2. Financial history for at least 6 months. Your corporate account statement will work for this as well.

Once these details are verified, we will set up your SMB account. Easy, right?

Here is a simple illustration:

Amaka is a fashion designer and a Lagos big girl. She doesn’t want to pay her bills late at times when business might be a bit slow, so she wants a Boon credit card to enable her pay those bills (software licenses, internet, electricity, etc) on time. All she has to do is send an email to Boon requesting for a credit card, accompanying the email with her CAC business name certificate or number as well as the most recent 6 months statement of account from her bank. Amaka can trust the team to take it up from there to enable a smooth application process for her business.  

As an entrepreneur who runs an SMB, your daily schedule and business operation is usually fast paced and quickly evolving. It is important that your credit reflects your business needs. Boon Corporate credit cards provide a line of credit that can be used to pay recurrent bills of your business, or one-off business expenses as long as they are within your credit limit. This means you can pay bills for supplies, subscriptions, equipment, etc. A simple lingo on the street is, “you have to spend money to make money”. However, that could be an uphill climb without a ready line of credit that saves you the stress of re-applying every single time and doesn’t bite your pocket.

When used responsibly, credit cards can be valuable tools for earning rewards, handling emergencies or unplanned expenses, and more importantly, building your credit footprint (more on this later).

Although we are yet to launch, you do not need to wait! Send us an email today - and be sure to get a swift feedback.

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