Using a business banking account to keep your business finances separate from your personal finances is a great way to stay organized. You can easily track cash flows for your business. At tax time, it will be easier to separate your business expenses from your personal expenses. For example, if you have a charge from a restaurant from several months ago, you may not remember if it was personal or a business lunch.
Another benefit to using a business banking or credit card is that you may receive discounts or offers simply for being a business owner. If you travel often for work, consider using a credit card that offers discounts on hotels.
Higher credit limits may be available, as opposed to a personal credit card. This is useful if you need to make frequent large purchases for your business. These large purchases can increase the frequency of reward payouts.