How much do companies spend on business cards? That is a question that keeps arising from the burgeoning number of companies. There are many factors to consider when selecting the right cards. The first step is to determine the type of business you’re in. For example, a high-end investment banker may be looking for stability and reputation. For this reason, a shaped card might be a great idea. But remember that die-cutting custom shapes into your cards will add to the cost of your business card.
Generally, the price of business cards varies from $10 to $500. In the United States, the average price of business cards is $194. But this cost varies widely based on the complexity and quality of the card. You can choose to purchase a low-cost business card from a local printer or pay a professional designer to create it. But keep in mind that a quality card can cost up to $500.
Unlike consumer cards, business cards do not come with many consumer protections. Some business cards are issued to the business owner and do not report to consumer credit agencies. Also, the late fees for business cards are higher than for consumer cards. In 2016, the late fee on consumer cards was $38, but for business cards, it reached $49, according to a study by the Federal Reserve Banks of New York, Atlanta, Cleveland, Philadelphia, St. Louis, and St. Louis.