Infographic: How small-business owners use business credit cards

Sabrina Karl
Personal Finance Writer
Data whiz and visual storyteller


About half of small-business owners in the country have a business credit card, and while their purchases on the cards skew a little different than regular consumers, the reasons they applied for the card are largely the same reasons given by non-business owners.

The data comes from TD Bank’s recent survey of over 500 small-business owners whose annual revenue or sales is below $1 million, and found 46 percent of business owners currently hold a business credit card. Although slightly more than half (54 percent) don’t have a business card, 7 percent of respondents indicated they plan to apply for one in the coming year.

Generally speaking, small-business owners reported using the cards for expenses related to their business, with almost three-quarters (74 percent) using the card to buy office supplies. Another common expense on these cards is product and equipment costs, reported by 61 percent of the business card holders. Gas for business vehicles, phone/internet/cable bills and travel expenses rounded out the top five charges to these cards.

Although a low interest rate was the No. 1 reason business owners reported applying for the business card (at 58 percent), a close second at 53 percent was cash back rewards. Thirty-nine percent also cited rewards points as their reason for getting the card.

Ranked as the country’s eighth-largest bank, TD Bank conducted its Small Business Survey at the end of March 2017. Weighting its results from 553 small-business owners nationwide by age, gender and region to reflect the U.S. population, the bank released its report in April.

See related: Can you use points earned from a business card?, More infographics

To use the graphic on your site, use the following code:

<center><a href=""><img alt=" Infographic: How, why small business owners use business credit cards" border="0" src="" /></a> </center>

Join the discussion
We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.

The editorial content on is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.

Weekly newsletter
Get the latest news, advice, articles and tips delivered to your inbox. It's FREE.

Updated: 02-17-2019