Business Credit Cards

By Bob Jones

Among the huge number of credit cards on the market, one of the most underestimated is the business credit card. Many people choose not to apply for a business credit card because aside from having a definite target market - business owners or business executives - it seems to be complicated to use. Although a business credit card has more stipulations, it has a lower interest rate compared with other types of credit cards and, contrary to popular misconception, it can be very helpful if used properly.

What is a business credit card? In general, a business credit card is for business people's use, therefore, compared with a typical credit card, a business credit card has a high credit limit but a low interest rates. Depending on the business credit card you apply for, a business credit card usually also has many benefits.

As it is aimed at businessmen or those people who are building a business, a business credit card is meant to benefit these small businesses. A business credit card helps the budding business by allowing the owner to finance bills or payroll, which improves cash flow. Apart from giving the image of a reliable credit card company, business credit cards supply detailed reports of expenditure and give quality customer service as its two major benefits.

Apart from having higher spending limits and lower interest rates, a business credit card provides many credit options for small businesses. A business credit card also caters to big corporations as well as those people who are starting their own business because it closely tracks the base rate of credit.

Simplifying business credit cards. It really is better to go to the bank when one applies for a credit card to get answers to all the immediate questions you may have. But since a business credit card is for business people who are always on the move, many business credit card issuers offer online applications for business credit cards. So, when one applies for a business credit card, there is no necessity for you to visit the bank any more, which means that there is also no need to wait in the queue just to talk to a bank manager.

When you apply for a business credit card online, all you have to do is to select the business credit card that suits your small business or corporate credit requirements right from the comfort of your home or office. Aside from offering safe, secure, and simple processes that are designed to help you to take care of your start-up business, most online business credit cards offer access features for the convenience of the business credit card holder like online bill payment and reporting.

Customized company logos and access to instant cash are also benefits available online. Other online business credit cards offer detailed reporting features for multiple users of the same account.

Most business credit cards require no fees for the first year and no pre-set spending limit or finance charges. Other business credit cards run membership rewards programs that enable the holder to earn points towards travel, merchandise and other advantages for the business.

Some of these business credit cards offer small businesses a line of credit of up to $100,000 at a competitive APR as low as base + 1.99% for both cash and cheque purchases. Also 100% of the line is available as cash and no collateral is required.

The business credit card holder might receive fee-free checks as well as a card to access their account. Everyday savings or exclusive savings, express approvals, no annual fee, up to 5 percent rebates on all qualifying purchases, and 0% introductory annual percentage rate (APR) on purchases during the first half of the year of card membership are some of the great benefits of most business credit cards.

Although the majority of the business credit card issuers offer great deals, it is very important to research what your business needs are first. Whether you want your business credit card for investing in inventory or just for payroll, it is necessary to look for a business credit card that can handle almost anything you may require.

Whether you opt to go directly to the bank or apply for a business credit card online, there are a number of premier business credit card suppliers out there to help you to find the credit card that is right for your business easily and conveniently. - 31382

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