AT&T and Citibank are joining forces to create a small business card program called AT&T Universal Business Rewards Card. The program is to provide small-business owners with points on their purchases but it also provides them with a prescription drug benefits program and an around-the-clock personal business assistant.  It sounds like Citibank is going to compete with American Express’ OPEN which has been the favorite for entrepreneurs and small businesses. You can apply for the card now on their website.

A few accounting things to remember while using your business credit card.

1) Use only for business purposes.  Keep your personal expenses on a separate card.

2) Review statement every month to make sure all charges are valid.

3) Take advantage of reward programs.