“What kind of credit card is right for your business?”
This quiz will determine what kind of credit card you need for your business. The quiz taker will discover if they need a Personal Card, Business Card, or Corporate card. Use this quiz template for your financial planning or wealth advising business. Generate leads, segment based on their needs, and boost sales through customized offers.
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Quiz Transcript
What kind of credit card is right for your business?
As an entrepreneur, you’ve got a ton on your to-do list. Cross off ‘Pick a credit card’ with this two-minute quiz! Get ready to say goodbye to choice overwhelm and learn a little about financial planning along the way...
Which financial quote do you relate to most?
“Chase the vision, not the money; the money will end up following you.” – Tony Hsieh
“It’s almost always harder to raise capital than you thought it would be, and it always takes longer. So plan for that.” – Richard Harroch
“The goal isn’t more money. The goal is living life on your terms.” – Chris Brogan
1 / 9
How much control do you want over your employees’ spending?
I’m happy for my staff to make business transactions... But there’s got to be some sort of system in place to monitor their spending.
I’m A-OK with controlling my own money and letting others take care of their financial needs.
I’m a bit of a stickler when it comes to spending. Employees’ expenses should be transparent and able to be analysed to streamline future business expenses.
2 / 9
What financial skill would you most love to master?
A financial data-collection method that streamlines productivity.
How to put together thorough financial forecasts – no unexpected expenditures for me!
Creating enticing investment portfolios that financiers simply can't resist.
3 / 9
What type of credit card has your business been using?
A personal card.
A small business card.
A corporate card.
4 / 9
Have you ever considered working with a corporate financial planner?
I’m on the fence – I’ve got things under control 75% of the time. The other 25% can be pretty anxiety-inducing...
Yes – My business is expanding, and I could definitely benefit from some one-on-one time with a financial planner.
Nope, my business isn’t really big enough to justify hiring a financial planner.
5 / 9
What’s more important to you: rewards or low rates?
I spend a lot on my business, so I want to be rewarded with frequent flyer points, cashback or rewards programs.
I want all the top benefits of a credit card, including a personal customer service representative I can call at any time. The business spends enough each year that I don’t sweat the fees…
As a small business owner, I prefer to pay less interest and lower annual fees, but I also want some benefit for spending on credit.
6 / 9
How big is your business’s team?
We’re at more than two but under 20 employees. We’re growing slow and steady.
My business’s team is booming! We’ve got 20+ employees and are planning to expand further in the near future.
It’s just me – I’m an all-in-one receptionist, salesperson, and accountant superstar!
7 / 9
From 1-10, how happy are you with your business’s spending?
1-4 – Ugh, I can’t seem to get it under control! I don’t know where all our money is going…
5-7 – I’m content... There are places we could tighten up our spending, but overall we’re doing pretty well.
8-10 – My business’s spending is pinned down to a tee. There’s not a nickel that goes unnoticed 👌
8 / 9
Do you struggle to separate business and personal expenses?
Nope – I’m always conscious of what I spend and where.
Yes, I waste at least a couple of hours every month going through statements to find business-related expenses in my personal credit card bill.
I tend to leave all the financial duties to my team.
9 / 9
You should get a... Personal Card
Congratulations, friend, you can rest at ease knowing a personal credit card is your perfect fit! You’re a small business, so it might not be necessary for you to separate your personal and business finances just yet.
On top of that, you likely don’t need the high credit limit or rewards associated with a business card. Instead, pick a personal credit card with a cushy cash back bonus!
When your venture begins to take off and you hire an employee or two, THEN it might be time to seriously consider switching to a business card...
“Are you willing to accept anything less than the credit you want, the credit you need and the credit you deserve?” – Tyler Gregory
Three Tips for Creating a Fool-Proof Financial Plan
1. Set clear goals
Before organizing your business’s finances, review your strategy plan. This’ll help you get an idea of how much you can afford to spend in sectors such as equipment and staff. Try asking yourself what you want to accomplish – are you hoping to expand your business? If the answer is yes, but you don’t have the resources, you might consider financing. Get to the bottom of exactly how much you need. Trust me, the time it takes is so worth it in the long run.
2. Forecast your finances
Make monthly projections using your anticipated income to get an idea of your year’s finances. If you’re strapped for cash, you can even try weekly projections. Use a spreadsheet software like Microsoft Excel to make the process a little less painstaking. Factor in a variety of potential outcomes and strategize your business’s financial response. As this process can be overwhelming, consider seeking the help of a professional accountant.
3. Create a security net
No matter how many times you crunch the numbers, contingencies (aka. unexpected but necessary expenditures) will come your way. Instead of scrambling to find funds, play it safe and set aside a portion of your revenue for emergency use. If you’re not earning enough to save a little monthly, consider starting a line of credit as a security net. On top of ensuring your business stays afloat, doing so will give you some priceless peace of mind.
Let Me Introduce Myself...
Hello, I’m Ruth Barnes 👋 After serving in the finance industry for nearly two decades, I started Seamless Wealth Advising. We provide comprehensive financial planning and issue-based consulting to our corporate clients.
With our team of experts, there isn’t a problem we can’t help you overcome. Together, we’ll get you clear on your needs, goals, and values then design a strategy! On top of that, we’ve got one hundred and one resources to keep you on track. Get ready for your best year yet…
Looking for a Little Extra Guidance?
1. Read my article on securing financing as a startup. I’m going to show you step-by-step how to optimize your investment portfolio and get more interest than ever!
2. Download Seamless Wealth Advising’s free worksheet Questions to Ask Yourself While Forecasting Your Finances to plan for unexpected setbacks and expenditures.
3. Book a consultation with one of our expert team members. In your first session, we’ll get to know your unique business, including its financial strengths and weaknesses.
Plus Expect to See Me in Your Inbox With Financial Planning Tips!
You should get a... Business Card
Congratulations, friend, you can rest at ease knowing a business credit card is your perfect fit. You’re a small business but quickly growing...
So getting set up with the right card is a smart move!
On top of allowing you to separate your personal from business finances, many business credit cards offer useful rewards, like cash back on office supplies. You can expect a much higher credit limit, too, which is great for smoothing over any cash flow hiccups.
“Are you willing to accept anything less than the credit you want, the credit you need and the credit you deserve?” – Tyler Gregory
Three Tips for Creating a Fool-Proof Financial Plan
1. Set clear goals
Before organizing your business’s finances, review your strategy plan. This’ll help you get an idea of how much you can afford to spend in sectors such as equipment and staff. Try asking yourself what you want to accomplish – are you hoping to expand your business? If the answer is yes, but you don’t have the resources, you might consider financing. Get to the bottom of exactly how much you need. Trust me, the time it takes is so worth it in the long run.
2. Forecast your finances
Make monthly projections using your anticipated income to get an idea of your year’s finances. If you’re strapped for cash, you can even try weekly projections. Use a spreadsheet software like Microsoft Excel to make the process a little less painstaking. Factor in a variety of potential outcomes and strategize your business’s financial response. As this process can be overwhelming, consider seeking the help of a professional accountant.
3. Create a security net
No matter how many times you crunch the numbers, contingencies (aka. unexpected but necessary expenditures) will come your way. Instead of scrambling to find funds, play it safe and set aside a portion of your revenue for emergency use. If you’re not earning enough to save a little monthly, consider starting a line of credit as a security net. On top of ensuring your business stays afloat, doing so will give you some priceless peace of mind.
Let Me Introduce Myself...
Hello, I’m Ruth Barnes 👋 After serving in the finance industry for nearly two decades, I started Seamless Wealth Advising. We provide comprehensive financial planning and issue-based consulting to our corporate clients.
With our team of experts, there isn’t a problem we can’t help you overcome. Together, we’ll get you clear on your needs, goals, and values then design a strategy! On top of that, we’ve got one hundred and one resources to keep you on track. Get ready for your best year yet…
Looking for a Little Extra Guidance?
1. Read my article on securing financing as a startup. I’m going to show you step-by-step how to optimize your investment portfolio and get more interest than ever!
2. Download Seamless Wealth Advising’s free worksheet Questions to Ask Yourself While Forecasting Your Finances to plan for unexpected setbacks and expenditures.
3. Book a consultation with one of our expert team members. In your first session, we’ll get to know your unique business, including its financial strengths and weaknesses.
Plus Expect to See Me in Your Inbox With Financial Planning Tips!
You should get a... Corporate Card
Congratulations, friend, you can rest at ease knowing a corporate credit card is your perfect fit! Your business is booming, and you need a card capable of keeping up with your expenses.
Perhaps corporate credit cards’ biggest selling point is their autonomy from your personal credit. Simply put, activity on your corporate card won’t affect your standing with the bank, so your credit score is safe.
On top of that, you won’t have to worry about reimbursing your employees, as their expenses will be charged directly to your account!
“Are you willing to accept anything less than the credit you want, the credit you need and the credit you deserve?” – Tyler Gregory
Three Tips for Creating a Fool-Proof Financial Plan
1. Set clear goals
Before organizing your business’s finances, review your strategy plan. This’ll help you get an idea of how much you can afford to spend in sectors such as equipment and staff. Try asking yourself what you want to accomplish – are you hoping to expand your business? If the answer is yes, but you don’t have the resources, you might consider financing. Get to the bottom of exactly how much you need. Trust me, the time it takes is so worth it in the long run.
2. Forecast your finances
Make monthly projections using your anticipated income to get an idea of your year’s finances. If you’re strapped for cash, you can even try weekly projections. Use a spreadsheet software like Microsoft Excel to make the process a little less painstaking. Factor in a variety of potential outcomes and strategize your business’s financial response. As this process can be overwhelming, consider seeking the help of a professional accountant.
3. Create a security net
No matter how many times you crunch the numbers, contingencies (aka. unexpected but necessary expenditures) will come your way. Instead of scrambling to find funds, play it safe and set aside a portion of your revenue for emergency use. If you’re not earning enough to save a little monthly, consider starting a line of credit as a security net. On top of ensuring your business stays afloat, doing so will give you some priceless peace of mind.
Let Me Introduce Myself...
Hello, I’m Ruth Barnes 👋 After serving in the finance industry for nearly two decades, I started Seamless Wealth Advising. We provide comprehensive financial planning and issue-based consulting to our corporate clients.
With our team of experts, there isn’t a problem we can’t help you overcome. Together, we’ll get you clear on your needs, goals, and values then design a strategy! On top of that, we’ve got one hundred and one resources to keep you on track. Get ready for your best year yet…
Looking for a Little Extra Guidance?
1. Read my article on securing financing as a startup. I’m going to show you step-by-step how to optimize your investment portfolio and get more interest than ever!
2. Download Seamless Wealth Advising’s free worksheet Questions to Ask Yourself While Forecasting Your Finances to plan for unexpected setbacks and expenditures.
3. Book a consultation with one of our expert team members. In your first session, we’ll get to know your unique business, including its financial strengths and weaknesses.