Small Business Credit Cards

Martin Beckett
Feb 24, 2007
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Small businesses are the driving engine of the U.S. economy. Yet every year, many of them fail due to lack of funds. If you're a small business owner, you know the importance of having resources available to you. Business credit cards offer the capital you need with conditions you can afford. Here's how business credit cards can improve your financial situation as a small business owner.

Extend Your Cash Flow

Most business credit cards allow you to extend your cash flow. You can use your card to purchase supplies; then, as you sell the items or receive payments from clients, you can pay off the balance. If you do so within the grace period, your card payment will be interest-free. This allows you to purchase items without dipping into other accounts.

Keep Track of Expenses

As a small business owner, it is essential to record expenses. Business credit cards can help you keep your business purchases separate from your personal ones. Credit card statements will allow you to track expenses, report any rewards, and simplify your tax preparation.

Purchase Large Items

All businesses, especially start-up companies, have initial expenses. They also have large, unexpected costs at certain times. With a business card, you have access to an additional line of credit. This can help you get through the ups and downs of cash flow and business revenue fluctuations.

If you regularly carry a balance on your card, you can look into business credit cards that offer a low interest rate. In fact, many include a 0% APR introductory rate or low interest on initial balance transfers. By paying for items with your business credit card, you build your credit history. Doing so will provide future financial benefits for your business.

Enjoy the Rewards

Many companies attach reward programs to their business credit cards. These rewards range from cash back incentives to travel rewards. The Advanta Platinum BusinessCard with Rewards and the Platinum Business Card from American Express are just two of the many options available.

The Advanta Platinum BusinessCard with Rewards offers a choice of rebates or rewards for business purchases. The rebate program offers a 5% rebate on many business-related items, including gasoline, computers and office supplies. A 1% rebate is given for all other net purchases. The rewards program allows you to earn one point for every dollar spent with the card. These points can be exchanged for travel rewards or pre-paid bonus cards. The Advanta Platinum BusinessCard with Rewards has no annual fee and offers a 0% introductory rate on balance transfers.

The Platinum Business Card from American Express offers 0% APR for the first twelve months and no annual fee. It also includes two fee-free additional cards. With the Platinum Business Card from American Express, you can earn points toward rewards from 20 airlines, 150 hotels, and some of the biggest names in shopping and entertainment.

As a small business owner, it is important to have access to various sources of capital. Business credit cards can provide you with the funds you need at conditions you can afford. And best of all, business credit cards can earn you extra rewards. Apply online for your card today; then enjoy the financial doors it opens for your business.

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