India continues to be a hub for the gig economy, with
The Hindu Business Line stating that it’s the “second-fastest-growing freelance market” worldwide. And with more and more people choosing to be their own bosses, it’s more important than ever for freelancers to make the right career- and profit-boosting investments. One such investment that can secure their finances and help fuel their growth is a business credit card. But considering that only 100 million Indians currently have credit cards, a lot of freelancers are hesitant about this idea, or simply fail to consider it.
So, why should more freelancers consider applying for their own business credit cards?
Proporciona flujo de efectivo líquido
When you’re a freelancer, you don’t have the safety net of an employer for handling any sudden or unforeseen expenses. This means that more often than not, freelancers dip into their personal savings to make business-related payments. Indeed,
Techwire Asia revela que más de mil millones de indios turn to debit cards (rather than credit cards) to cover expenses, and in a business situation, this tendency becomes less than ideal. It means draining your personal savings directly, rather than separating professional and private finances. Furthermore, making business payments via credit card allows you to be more flexible covering costs upfront and managing them through repayment in a strategic, gradual fashion.
Usted es elegible para cobrar y beneficios
Según encuestas estatistas, los usuarios de tarjetas de crédito y débito pasaron aproximadamente 139 mil rupias indias entre 2018 y 2020. La diferencia, sin embargo, es que aquellos que utilizaron tarjetas de crédito pueden esperar una parte de su dinero de vuelta, además de algunos bonos, también. Mientras que los planes de reembolso y bonificación varían, algunos de los beneficios de la tarjeta de crédito en la India incluyen hasta 2% de recompensas que son canjeables en efectivo. Y dependiendo del proveedor de tarjetas de crédito y el límite de crédito establecido, pueden estar disponibles bonos adicionales como millas de viaje o ahorros relacionados con negocios (como los de utilidades o suministros).
Te ayuda a construir crédito comercial
If you’re serious about investing in yourself and your business, it’s important to start building business credit as early as possible. With well-established business credit, you become much more attractive to lenders and other investors you may need to scale up in the future. And while the process of building credit on behalf of your business can seem daunting (or just complicated),
Un post en Petal explica que una tarjeta de crédito dedicated to the business is actually one of the easiest and safest ways to go about it. This is largely because you have the opportunity to set up automated payments, which minimize debt and ensure proper card management. This makes your business appeal reliable and stable, which will, in turn, improve the options you have with the card, and more importantly the business’s credit rating.
Hace que los impuestos y la contabilidad sean más fáciles
Bookkeeping and filing taxes are complicated enough on the personal front. Naturally, having to manage these processes on behalf of your business only adds to the hassle. With a business credit card though, you’ll at least be saved from the complication of sorting. Your expenses will be separated, starting you off in a much simpler position with business costs all in one place. This streamlined approach is especially helpful if you’re self-employed in a role like one of the
20+ Mejores ideas de ingresos pasivos que hemos enumerado in the past. Rather than running the risk of overlooking monetary transactions that may occur while you’re busy with other things, you’ll be able to rest assured that your business card is handling and thus keeping track of everything.
For those who aren’t used to credit cards, the idea of tying your business to an unfamiliar piece of plastic may be intimidating. However, with discipline and understanding, you can quickly turn a business card into an empowering asset for your business, providing all of the benefits above and more.
