A credit card is typically used for purchase transactions and to access cash. This means the card is a liability because it relates to the individual's personal credit. Most business credit cards do not report personal credit to a third party, which means they can be used without the worry of reporting your personal information. A business credit card is designed for businesses and often comes with perks such as free flights or hotel stays, so that's why they are not considered liabilities. Liabilities or not, a business credit card can help your business manage cash flow better, track employee expenses, and all of these are considered assets for a business.