Wednesday, January 07, 2009

Compare Credit Cards

Advantages of a Business Credit Card
Earn Business Travel Perks
Business Card for Expense Reporting
Managing Your Business Credit Card

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Small Business Credit Cards



Best Small Business Credit Cards Now that you've finally started your small business you need to consider funding day-to-day operations as well as positioning yourself to take advantage of future opportunities. Interruptions in cash flow, or slower cash flow, is the leading cause in small business failure. Lack of capital reserves can result in missed opportunities to expand your business. A good business card is like a safety net; a great way to secure a line of credit that allows you to purchase the things you need during times of slower cash flow. Some cards come with a $50,000 spending limit and up to 51 days credit at 0% APR. That additional time frees up any cash you have to fund other opportunities or simply to invest or earn interest. See offers below for some of the best business credit cards available.

Small business credit cards often come with attractive introductory offers. These can include 0% APR on balance transfers that can last up to 15 months. First, do your homework, and determine whether or not a 0% balance transfer credit card is right for your business needs; often a 0% introductory APR can assist you as a no interest loan for up to a year and a half. Once your business begins improving, you can start paying back the balance, before the introductory rate expires, --making the debt much easier to handle. After your payment history is more consistent, and positive, your card issuer will more than likely offer a credit increase. Go for it!

Advanta Why Wait Business World MasterCard®






Intro APR Ongoing APR Intro APR Period Intro Bal Transfer APR Intro Bal Transfer Period Annual Fee
N/A 16.99% N/A N/A N/A see terms

  • Up to 200,000 Rewards Points Up Front.
  • Ultimate Rewards - Earn Cash, Travel, Merchandise and more.
  • No Annual Fee.
  • No Pre-Set Spending Limit.
  • Earn 1 Point per dollar spent on Purchases, plus get a 50% annual bonus on your earned Points when you pay on time all year.
  • So long as you actively use your account, you´ll have 15 months to replenish used Why Wait points before you´re charged for them.97
       Point Rewards

       ** Business Credit Card Designed For Good Credit
Card Terms
Advanta Business World MasterCard®






Intro APR Ongoing APR Intro APR Period Intro Bal Transfer APR Intro Bal Transfer Period Annual Fee
N/A 16.99% N/A N/A N/A see terms

  • 16.99% Fixed APR.
  • No Annual Fee.
  • Get 50% Bonus Points Free every year.
  • Earn Points Faster - with No Earnings Cap and No Airline Travel Seat Restrictions or Blackout Dates.
  • Thousands of merchandise, gift card, and travel options.
  • No Pre-Set Spending Limit.
       Point Rewards

       ** Business Credit Card Designed For Good Credit
Card Terms

Choosing a Business Credit Card



Choosing a credit card for your small business is a lot like choosing a regular consumer card. Here are a few things to think about:

Interest Rate
Many business credit cards have a low APR. As previously noted APR is your cost to borrow money from the credit card company. Low ongoing APR is a plus as it makes inexpensive capital available to your business! Slightly larger businesses may consider corporate cards. Corporate credit cards tend to have no APR, but require annual or monthly fees. With corporate cards the balance is expected to be paid in full by the end of the grace period.

Expense Tracking
With many business credit cards you can track and categorize business purchases made with the card. The can be a huge help at tax time. Be sure to ask about expense tracking and summary tools. You'll be glad you did.

Rewards
Like consumer cards there is much competition for your business. Credit card companies may sweeten the pot be offering cash back and travel rewards. When evaluating rewards don't lose sight of interest rate.

Be sure to read and understand the terms and conditions of any credit card you are considering applying for.