Apply Business Card Credit Online

  Apply Business Card Credit Online  - Business credit card: Most vital financial tool your business will ever need  - Apr 25, 2007  

What can a business credit card do for your business? If perplexed by this question...read on. This could be the most vital financial tool your business will ever need. The following reasons will convince any small business owner beyond doubt about this fact.

1. Build a positive credit history for your business

Business credit card issuers report to major credit bureaus, and if you are good in repayments and manage credit card funds properly- your business establishes a good credit history. This translates into larger loans, overdrafts, and better financial terms in the future.

2. Saves money on your business expenses

Business credit cards have exclusive tie-ups with hotels, airlines, cargo and courier agencies, office equipment suppliers, legal service providers etc. This ensures a lot of savings on your business spending since almost all business depend on these vital services.

3. Cuts risk, improves financial reporting and financial discipline within your business

Lost luggage insurance, travel insurance, identity theft protection, auto theft protection are some of the facilities that come with a business credit card. This cuts a lot of travel and business risk. In addition to this every business credit card can be assigned a spending limit and it can be monitored. This ensures proper budgeting and promotes financial discipline. Online account management and reporting of transactions done with business credit cards and their integration with popular money management software makes financial reporting a breeze.

4. Expert advice and knowledgebase for your business

Business credit cards have extensive resources to help small business with expert advice. There are forums, communities and chat facilities which promote interaction between small business owners. Thus a large pool of talent is available 24/7 to help your business with vital information.

5. Lends a credibility to your business

Last but not the least, owning a business credit card will definitely add credibility to your business. The impression that comes with making payments with your business credit card speaks volumes about your business.

If your business still doesn't have a business credit card, what are you waiting for? The advantage of owning one are numerous and will definitely help your small business succeed.

  Apply Business Card Credit Online  - 3 simple tips to pick the right business credit card for your small business  - Apr 18, 2007  

Business, small or big are increasingly depending on business credit cards for various financial activities related to the business. The ease, manageability and savings they bring to any organization makes them indispensable. Getting the right business credit card for your small business is not a big task if you keep these three things in mind. 

1. How will you use it?

Are you going for rewards associated with the business credit card, or want discounts offered on business supplies. Do you fly frequently, and want to get deals on hotel stay and airmiles? Business credit card come with a variety of options. If you have your priorities clear it will greatly help you get the right business credit card.

2. What are the interest rates and other fees?

A 0% Intro APR Business credit card with low interest rates on balance transfers, purchases etc. would be a good credit card to start with. Check out the APR, Annual fees, cash withdrawal fees, late payment penalties, minimum monthly payment requirements, balance transfer fees and whether the credit can be revolved or not.  Compare different credit cards which offer the features you want and settle for the one that costs the minimum.  If you want a business credit card that can be given to the whole organization or your employees make sure that the credit card has this feature and doesn't charge you much on taking additional cards. Taking these points into consideration will ensure that you pay the least amount to the credit card  company.

3. What are the restrictions and other fine prints?

The rewards might be very attractive but credit card companies apply restrictions such as blackout dates, limits on reward points that can be earned during a year, expiry of reward options after a certain period etc. These restrictions can kill the reward benefits. Stay clear from credit cards which apply restrictions. Also, written in fine  prints are terms that if ignored could cost a lot in terms of money and mental peace. It is particularly advised to read them carefully and understand their implications on credit card ownership. If you have any doubt get it cleared by all means.

Business credit cards are especially designed for business purposes and must be used as such. Using a business credit card for personal expenses might hurt in the long run and violates the basic principle of separating the business and personal finance. If the right card is selected and used properly the business credit card can be a vital asset for your small business success.

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