Best Business Credit Card
Best Business Credit Card
Business credit cards do not only represent a huge market for
credit card companies, they can be a great asset to small
business owners in a number of significant ways.
Apart from being an excellent financial tool that can positively
aid the financial functioning of small businesses, a business
credit card enables greater control in key areas such as enhancing
cash flow; giving structure to expense management and financial
Personal Use Card v Best
Credit Card For Business
If you're already a cardholder of a personal credit card, don't
make the mistake of thinking you can simply use that credit
card account to manage the day-to-day running of your
business as well. Apart from the fact that having a
credit card for business will offer distinct
advantages over personal use creditcards, completely
separating your personal expenses from those of your business
will make your accounting far easier.
A further good reason to get a business credit card is that as
your business grow, you may additionally want to apply for
a business credit card for one or more of your employees' use.
As you can see, a small business credit card has many advantages,
rewards and perks. Not to mention of course, helping you to build
a solid business and
credit card history in the process. You will only
gain these perks and advantages however, if you source and
select the very best business credit card for the job of helping
you to manage your business efficiently.
How To Choose The Best
Small Business Credit Card
You are by now fully aware that regardless of the type of
enterprise you run, having a credit card for business can offer
You should now also have a clear idea as to what it is your
business need and you're most probably ready to apply for a business
credit card. But where do you start with with the task of making
a business credit card comparison, let alone choosing the best
credit card for small business use?
Your choice of the best business credit card will depend on
the unique nature and function of your business, as well as how
you plan on using your credit card for business. But here are
some additional important factors you will need to take on board
before you apply for business credit card.
Purpose Of Small Business Credit Card Use
Have you clearly identified how you will use a small business
credit card? There are a variety of credit cards for businesses
from which to choose. For instance, you need to decide whether
a incentives and reward scheme would
be the best credit card for small business use? Or alternatively,
whether a business credit card with a high or moderate
credit limit is the best business credit card to meet your
enterprise's specific needs?
Best Business Credit Card 0 apr?
You will also need to give careful consideration to the annual
percentage rate (APR). Remember, if you expect to carry a balance
each month, it make sense to secure the lowest or best business
credit card interest rate you can get. On a further note,
small business credit cards will generally carry higher interest
rates than other types of loans.
A small business credit card 0 apr rate does not automatically
mean you will not incur credit card charges or annual fees.
These credit card charges can often wipe out any savings you make
on a business credit card 0% offer, so be sure to check how much
your business credit card 0% offer is really going to cost you
and whether these can be deducted as a business expense against
Is Your Business Credit Card Widely Accepted?
Does your small business involve travel or entertainment? If so,
be sure to choose the best business credit card that is widely
accepted when you travel abroad. Additionally, you
will also want to ensure that your card has a national ATM
network, enabling you access to cash 24 hours when you travel.
Does Your Business Credit Card Provide Insurance Cover?
Don't overlook either the importance of insurance when you
travel - especially abroad. Some of the features to look for
when choosing the best small business credit card offers are
travel insurance cover, car rental insurance, purchase
insurance and cover for your credit card in the event you should
What Customer Support Can You Expect From Your Card Provider?
For some small business owners, one of the features that
constitute the best business credit card is customer support.
the importance to you of having excellent customer services/
support around the clock? If you would benefit from being able
to contact your credit card provider for support/queries at any
time, then you might want to look out for a creditcard that
offers 24 hour telephone or concierge service.
Running a successful small business is no easy feat. By today
standards, it is as imperative that small businesses accept
credit cards as a mode of payment as it is to use credit cards
in their day-to-day trading. Credit cards are wonderful financial
tools that when used effectively, can help ensure the success
of any small business.
You can apply for business credit card online, by visiting
the credit card company's website direct and completing a
business credit card application. You can also apply for
business credit card by telephoning the credit card company
and requesting a business credit card application form via
Just be sure to check all the major credit card companies' offers
and do a business credit card comparison before you commit.
That way you can be sure of choosing from a selection of the
very best business credit card offers currently available.
Among the best business credit card offers by major credit
card companies are Visa, MasterCard, American Express and
Discover Card. To help you, here's a list of credit
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