Know About Low Interest Credit Cards
The very low interest credit cards are mainly available for people and businesses with good enough credit to qualify for one. The differences in what credit card companies are charging for interest rates are alarming. Low interest credit cards are generally considered to be fewer than 10% interest rate. High interest credit cards can soar to over 30% in some cases. You need to be well informed of just how many credit card opportunities are available to you before making a selection.
Keeping the low interest rate over the lifetime of your account is easy if you play by the credit card company’s rules. All payments must be paid on time. No late payments will be tolerated by the credit card company. They will take away that low interest credit card and turn it into a default rate interest. Read more
The Benefits of Having a Business Credit Card
Whether you have a home business that you work alone or you have a larger company with several employees, a business credit card can be a valuable asset. It’s a way to keep your business and personal expenses separate – vital for bookkeeping and taxes! But there are more benefits as well.
You probably have a credit score of your own. Your business needs one too. Having a credit card for your business allows it to build up a score.
A business credit card greatly simplifies how you spend for your business. You won’t have to rely on writing out checks in advance for everything, and you can authorize trusted employees to make necessary purchases on the business credit card. While these obviously need to be well tracked, it saves you the hassle of coping with checks.
The benefit to your bookkeeping is quite clear. When you receive your statement, all purchases are there to be verified. Many credit cards offer special reporting for businesses, so that you can keep better track of your spending. Having the credit card record gives your accountant one more tool to work with.
You can also benefit from the rewards your business credit card may offer. You can earn travel, points and so forth, just as with other credit cards. While these may not be worthwhile if you carry a balance, if you pay off every month you have a definite benefit. Just make sure that you know the balance between what you would be paying in interest with and without rewards.
Company credit cards are not just for big companies. Big companies use them because they are convenient and make bookkeeping and spending easier, so that less time is wasted. Credit card companies do not require that your company be huge.
You will want to know that for a small business, your personal credit and your business credit can become intertwined. If your business has no credit history, all the company can do is look at your personal credit history to decide if your business is deserving of credit. Through the years this link may or may not become more important. If you’re a one-person business, how else are they going to be guaranteed repayment, if not by you personally?
Do not let your concerns about using a business credit card keep you from investigating them. While there is a bit of extra work in keeping up with the payments, the time you save in tracking your business spending should more than make up for this.
New Business Credit Cards
There’s one image of your childhood you can’t erase from your mind. At the end of every weekday, your dad follows the same coming-home-from-the-office routine. He walks through the door, drops his briefcase heavily to the floor, and trudges to the living room, grunting at anyone who has the audacity to greet him. This ritual always baffled you, but over time, you realized that you must never work for someone who could turn a kind, loving person like your dad into the Grinch.
So, because life as a humble salaried employee doesn’t appeal to you, you hatch the brilliant idea of owning your own business. Starting up your own company, however, required more work than you had imagined. The hours are long, the stress is unbelievable. Still, you persevere, and after some time, you turn a profit. You remember the image of your father at the end of the workday, and in a spurt of generosity, you reward your staff with new business credit cards.
Small Cards for Small Businesses
Small business starter credit cards are becoming chic due to the recent number of home and small businesses skyrocketing. Depending on how your company functions, you can avail of several new low-interest business credit cards for your workers, from companies such as Advanta, Chase, and Open.
Business Benefits
Each of the cards offers benefits that meet the needs of various types of employees. For example, several of the new business credit cards, such as the Advanta Platinum Business Custom Card, the Gold Delta SkyMiles Business Credit Card, and the Blue Cash for Business Credit Card boast of a 0% Introductory APR, with introductory periods ranging from 6 months to an incredible 15 months! Also, the regular APR of the new business credit cards is quite low, ranging from about 8% to 20%. Some of the cards collect no Annual Fees from their cardholders, offering a nice holiday bonus to people on your payroll. Some charge an Annual Fee while others charge an annual fee only after the first year. Credit cards that fall into the latter category include the Business Gold Rewards Card and the Business Green Rewards Card from American Express’s OPEN program.
Custom Cards
While these cards have different perks, your employees have different responsibilities, and the new business credit cards can cater to them. American Express’s JetBlue Business Credit Card is perfect for salesmen who spend more time out of the office than in it, or inspectors who must assess out-of-town operations. Use this card to get an exclusive 5% discount on JetBlue flights. Also, the card provides protection for your trips, which include Baggage Insurance, Damage Insurance, and Car Rental Loss.
For your employees who make purchases for your company, the American Express SimplyCash Business Card is the perfect plastic. This new business credit card offers cash back on office supplies, wireless services, and gas. For nearly all other purchases, they can earn 1% cash back.
Lastly, to reward your employees for all the time and effort they put in day in and out, consider the Advanta Platinum Business Card. This card can be personalized by including your company name at the card’s top. Create a sense of unity and cooperation by providing this card for your employees. This new business credit card also features a maximum credit line of $50,000, and $0 Fraud Liability.
Discover the power of plastic! Visit our site today and discover how to apply for secured credit cards, new business credit cards, or best balance transfer credit cards.
Small Business Credit Cards
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. Read more
Business Credit Card
If you are a small or medium sized business ow Read more