Business cards are the new form of commerce that allow us to connect with businesses that we are unlikely to have otherwise.
Business cards can be used to connect to different customers, to build relationships with the right people, and to make a business out of the next piece of hardware that comes in our door.
The problem is that these cards are becoming harder to use than ever.
They are becoming more complex, and they are becoming less useful for the average person.
They’re becoming increasingly difficult to customize, and the quality of these cards is falling.
The Business Cards Alliance (BCA), a business cards trade association, released a report in October that found that businesses have been losing business card usage to ecommerce and other payment options.
BCA Executive Director Robert DeSantis told Business Insider that “more and more business cards are being purchased at grocery stores and other retailers.
In fact, nearly 90% of all business cards purchased last year were used in the retail industry.”
Business cards have become more complicated.
“When you look at the business card business, it is not just about providing you with a credit card or credit line, it’s about what is being charged on your business card and what it is charged on the business account,” DeSantes said.
“It’s more of a marketing tool than it is a financial tool.”
BCA says the average cardholder spends $1,300 per year on a business card, and that the average business cardholder uses their business card more than half of the time.
The report found that cardholders spend on average $5,000 a year on the cards they are issued, but that cardholder use has dropped by nearly 20% since 2014.
Business card companies face several hurdles in trying to make business cards more convenient, like charging a higher monthly fee than other cards, making them easier to use, and not requiring a separate account or credit score to use.
“There are no easy solutions to this problem, and a lot of companies are working hard to address this issue,” BCA CEO Robert Deutsch said.
But DeSantsays the cards have been around for years and are in a good place right now.
“We have a very healthy business card market, and it is healthy.
It is growing, and business cards have proven to be a great way for businesses to make money,” he said.
DeSantis said the business cards industry needs to look at itself in the mirror and change course.
“This is not a one-off thing.
It’s happening to every business card industry.
You have to take this seriously.
You’re going to see the number of business card issuers fall, because businesses are getting the business credit card card as the next thing.
There is no room for this anymore,” he explained.
While it may seem like there is no end in sight to business card card usage, it doesn’t have to be that way.
The BCA says that over the next five years, cardholders could see the businesscard industry grow at an annual rate of 5.3%.
The industry is not completely doomed though.
“There is a huge opportunity in the business and personal card market,” Deutsch added.
“In the next few years, we will see the industry evolve into a much larger business card network.
It may take a little while, but we are on the cusp of something very exciting.
Business card is an exciting technology, and there are many opportunities for business card users to benefit from it.”
The Business Card Alliance is a trade association representing businesses that provide business cards.
BAC is the umbrella organization for the business companies in the industry, and DeSantons job is to help businesses find ways to use the cards effectively and to support the business.