The worth
of a business credit card
Among the so many varieties of credit cards, one of the
most underestimated is the value of a business credit card. Many people
do not choose to apply for a business credit card because aside from having
a definite target market— the business owners or business executives—it
seems to be complicated to use. Although a business credit card has more
requirements and has higher interests compared to other types of credit
cards there is, contrary to the common conception, t can be very helpful
if used properly.
What is a business
credit card?
Basically, business credit card is for the business people’s
consumption. Compared to the regular credit card, a business credit
card has a high limit plus low interest rates. Depending on the
manner of choosing, a business credit card may also bring a lot
of automatic benefits.
Since it is targeted towards businessmen or those people who
are heading towards building a business, a business credit card
can definitely benefit these small businesses. A business credit
card helps the budding business by extending payments while improving
the cash flow. Aside from bearing the image of a dependable credit
card, business credit card boasts of having detailed reports and
giving quality customer service as its major trademarks.
Aside from having limits and low interest rates, a business credit
card provides many alternatives and numerous credit options for
small businesses. |
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A business credit card also caters to large corporations that are crafted
to aid those people who are starting with their own business to grow while
closely monitoring the baseline of credit.
Simplifying business credit cards
It really pays to go to the bank when one applies for a credit card
to get the chance to answer all immediate inquiries. But since business
credit card is for business people who are always on the go, many business
credit card issuers offers online applications for business credit cards.
When one applies for a business credit card, there is no need to visit
the bank. There is also no need to wait in the queue just to talk to
a bank representative. When you apply business credit card online, all
you have to do is to select the business credit card option that would
perfectly suit your small business or corporate credit requirements
right from the comforts of your home or office. Aside from offering
safe, secured, and simple processes that are designed help you take
care of your starting business, most business credit cards online offer
accessible features for the convenience of the business credit card
holder like the online payment and reporting. Customized company logos
and access to instant cash are also available on line. Other business
credit card online offers detailed reporting features for easy monitoring
and access.
Most business credit
card applications offer free fee for the first year and no pre-set
spending limit or finance charges. Other business credit card
offers viable membership rewards program that enables the member
to earn points towards travel, merchandise and other rewards for
his or her business. Some of these business credit cards offer
small businesses a line of credit up to $100,000 at a competitive
APR as low as prime + 1.99% for both cash and check purchases;
100% of the line is available as cash and no collateral is required.
The business credit card holder or customer might receive fee-free
checks as well as a card to access the account. Everyday savings
or exclusive savings, express approvals, no annual fee, up to
5 percent rebates on all qualified purchases, and 0% introductory
annual percentage rate (APR) on purchases during first half of
the year of card membership are some of the great offers of most
business credit cards.
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Although majority of the business credit card issuers offer great value
deals, it is very important to research first what does your business
needs. Whether your business credit card is meant for investing in inventory
or just for payroll, it is significant to look for a flexible business
credit card that can handle almost anything. Whether you opt to go directly
to the bank or apply for a business credit card online, a number of premier
business credit card suppliers are there to help you find the right credit
card product as easy and convenient as possible.
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