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What Percent of SMBs Assign Credit Cards to Employees?

PaymentsJournal by PaymentsJournal
October 30, 2018
in Credit, Truth In Data
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  • 91% of SMBs will assign a business credit card to an employee
  • 75% of business cards accrue rewards for the company vs. holder
  • 36% of SMBs co-mingle personal funds with business funds
  • Even large SMBs w. $5-10mm in assets co-mingle (31%)
  • Millennial SMB owners are especially likely to co-mingle (49%)

Data for this episode of Truth In Data provided by Mercator Advisory Group’s report – Business Credit Cards and B2B Payments: Opportunity to Improve Market Penetration

About this report

In spring 2018, Mercator Advisory Group fielded its third annual web-based survey of U.S. small businesses (between $500,000 and $10 million annual sales) regarding payment acceptance, business-to-business, or B2B,-payments and use of banking services and alternative lenders. Business Credit Cards and B2B Payments: Opportunity to Improve Market Penetration is the second of three reports summarizing the results of the 2018 Small Business Payments and Banking Survey.

Tags: Consumer BehaviorCreditCredit CardsRewardsSMB
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