Title: What Exactly Is A Small Business Credit Card
1(No Transcript)
2What Exactly Is A Small Business Credit Card?
3Types Of Business Credit Cards
- If you have a small business, there are several
credit cards designed specifically to meet your
needs and make it easier to run your business in
the first place. But, how do you know which one
of these cards is right for you? While most small
business credit cards allow you to earn rewards
on every purchase, this isnt always the case, so
lets take a look at what makes them unique.
Well also cover the application process and help
you pick the best small business credit card for
your needs today!
Different cards offer different benefits and
these can include such things as improved
interest rates for purchases and rewards for your
spending. Here are the best business credit
cards, including our picks for the best
small-business credit cards. The list includes
information about what makes each of them unique
from other types of business credit cards. You
may want to compare which one best suits your
needs before you apply.
Risks And Rewards Of Using Business Credit Cards
As with any credit or debit card, there are
certain risks and benefits to using one.
Depending on your business, the rewards may be
worth it, but as always you should always weigh
the risks versus the rewards.
4How To Choose A Card Thats Right For Your
Company
- First off, many small businesses have been turned
down for large amounts of capital through
traditional lenders in favor of more attractive
risk profiles and a greater likelihood of
investment success. In this sense, if you have a
successful track record with using your cards and
managing finances responsibly but you dont quite
qualify for high-interest financing, then could
be an excellent choice. The best small business
credit card will usually offer at least a
competitive interest rate, which can often save
money in the long run. - Furthermore, some cards even offer other perks
such as rental car insurance coverage that can
cover cars rented for up to 48 hours at no extra
charge. For people who travel regularly for work,
these features can prove invaluable when they
come time to pay the bills. - The main downside of having the best small
business credit card instead of a personal one is
that payments cannot be made over the phone or
online all transactions must be handled by
mail. The upside, however, is that with no preset
spending limit as long as your company has a good
credit history and does not exceed its balance
too frequently then this wont pose much of a
problem.
5Things You Should Look Out For
- Ultimately, the best cards for you and your
company will depend on what you need in terms of
rewards and perks, as well as whether you are
looking for a specific sign-up bonus. But if
youre looking for some of the best business
cards out there today, these stand out from the
rest Chase Ink Business Cash Card If your
credit score falls within the high end of good,
this might be one of your best options. It gives
cash back on all purchases made within your first
year after opening an account. After that, it
offers cash back. However, thats still better
than many other choices on the market today.
Consider the following when applying for a small
business credit card Ease of use Business cards
often have terms that are more straightforward to
understand than their consumer counterparts. The
terms on most traditional cards are standardized
and governed by federal law, meaning you should
know how much your interest rate will be, how
late you can make payments, and what protections
the issuer provides you in case something happens
to your account. A good resource for comparison
may be this chart from American Express that
details which types of coverage they offer on
their cards. Just note that some companies like
fore see able resource group offer different
levels of customer service depending on which
type of card they issue so its important to ask
them about this before making a decision.
6Contact Us
- Address - 710 Buffalo St. Ste. 802 Corpus
Christi, Texas 78401 - Email - info_at_foreseeableresourcegroup.com
- Phone - (361) 748-0711
- Website - https//foreseeableresourcegroup.com/
- Blog - https//foreseeableresourcegroup.com/what-e
xactly-is-a-small-business-credit-card/