Debit Cards vs. Credit Cards: Which should your business choose?
18/07/2025
Are you having a headache deciding whether to choose a debit or credit card for your business? Find the answer in today's article.
For business owners, choosing between debit and credit cards. It’s not just about convenience, it’s also about financial strategy and expense management. Each card offers different benefits, from avoiding debt to earning rewards points. So which is the best choice for your business? SeABank find out in today's article.
Why do businesses need to choose the right type of card?
Choosing the right card type (debit or credit) is an important decision for businesses for a number of reasons:
Optimize financial management: Help businesses budget, control expenses effectively, increase payment capacity, make it more convenient and automate the transaction payment process.
Improve operational efficiency: Using the right type of card helps businesses shorten payment time, enhance the reputation and trust of the business and can take advantage of many other incentives from the card-providing bank.
Transaction security: Less risky than spending in cash, bank security measures are also very advanced, helping businesses easily protect transaction information.
Better support for employee expense management.
Choosing the right card not only helps businesses manage their finances better
Distinguishing between debit cards and credit cards for businesses
Business debit cards and credit cards have many similarities in form and function, but they differ in how they work and the benefits they provide. Below is a detailed comparison table of these two types of cards to help businesses have more information to choose the more suitable card:
Characteristic
Debit card
Credit card
Operating principle
Debit cards allow users to spend money that is deducted directly from their own bank accounts.
Credit cards allow users to borrow money to spend within a certain limit provided by the bank.
Source of funds used
Use money in payment account
Use bank loan
Spending limit
Limited by account balance
Limited by credit limit
Pay
Directly deduct money from account when trading
Pay later, interest free period
Interest rate
Interest-free debit card
Interest will be charged if the full amount borrowed is not paid by the payment due date.
Usage fee
Often free or low-cost banking
There are many types of fees, including annual fees, international transaction fees, cash withdrawal fees, etc.
Advantage
Easy spending control, no worries about debt, safe transactions
Flexible payment, many incentive programs, accumulate reward points, support travel insurance,...
Disadvantages
Limited flexibility, not many incentives or promotions
Debt is easy to arise if finances are not managed well, there are many types of fees
Impact on credit score
No effect
Have influence
Which type of card should a business choose?
Choosing the right card depends on the specific needs and purposes of each business. For example, payment needs, financial management capabilities, transaction fees, etc. Accordingly, debit cards and credit cards will be suitable for the following businesses:
Debit Card:
Small businesses, newly established businesses have limited capital and are looking to add capital to their business.
Businesses with stable cash flow and predictable future revenue and expenses can use debit cards to pay for regular expenses.
Businesses emphasize safety in financial management and transactions.
Businesses rarely have a need for international payments.
Credit card:
Businesses need flexible payment for their transactions.
Businesses often have high spending needs to pay for expenses such as purchasing supplies, paying office rent, marketing costs, etc.
Businesses often have international transactions, paying for expenses such as business travel expenses, importing goods, etc.
The enterprise has good financial management capabilities, ensuring full payment of payment obligations.
Businesses should carefully consider their needs before choosing a corporate card.
Which bank does a business register for debit and credit cards with?
Choosing the right bank to apply for a debit or credit card is an important decision for businesses. Businesses need to consider many factors such as the reputation of the bank, service quality, incentive programs and transaction fees.
According to many customers, SeABank is currently one of the leading prestigious banks in Vietnam, providing a variety of debit and credit card products to suit the needs of businesses.
SeABank is providing a variety of corporate card products.
Debit and credit cards at SeABank help businesses manage spending effectively with many outstanding advantages such as:
Free issuance and annual fees, helping businesses save costs when registering for cards.
Fast and convenient transactions with the ability to pay at millions of card acceptance points nationwide and internationally.
Manage spending easily, track detailed transaction history via SeABank Mobile application.
Apply advanced security technologies to ensure the safety of business transactions.
The procedure for registering a corporate card at SeABank is very quick and simple.
Contact SeABank now for advice on suitable corporate cards.
Through this article, I hope you have a clearer view of the difference between debit and credit cards for businesses. Choosing the right card not only helps businesses optimize financial management but also brings many other practical benefits.
If you are still wondering which card to choose, do not hesitate to contact SeABank via the website or Hotline 1900.599.952 (Business Customers) for detailed advice and to choose the most suitable financial solution for your business. With a variety of debit and credit cards and many attractive incentives, SeABank is always ready to accompany you on the path of business development.
