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Small Business Center

Business Credit Card Use Intensifies

May 30, 2024

Recent government reports indicate a moderating U.S. economy: flat retail sales and a soft jobs report. American Express echoed this trend in its latest earnings, noting slow business spending, especially among small and midsize businesses. Still, the competition for business credit card users is intensifying, as companies seek to capture the growing number of small businesses with specialized and incentive-rich credit card offerings. To learn more about the trends in business spending and credit card usage, check out this text story on Minnesota Public Radio’s Marketplace.

By Rebecca Meiser

Contributor, Commerce + Communities Today and Small Business Center

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