CREDITCARDS - BUSINESS
CREDITCARDS - BUSINESS
CREDITCARDS - BUSINESS
WELCOME TO "YOUR BUSINESS CREDIT CARD WEBSITE"!
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Credit Cards For Small Business
When you decide to start a small business, you find out pretty
quickly that it takes more than skills and dedication in your
respective area of work. Besides being good at what you want to
do, you also need to known your accounting and financing
issues, no matter how annoying and boring these may be. And
the credit card problem for small businesses needs careful
handling, just like that of a regular, personal credit card.
Choosing the right type of credit card is vital for the success of
a small business. Even if you don't have access to a corporate
credit card, a small business card can be a major tool on the path
to success. When you apply for a small business credit card,
lenders will analyze your request from a variety of points of
views. While their evaluation of the risk may vary according to
various local factors, they will all take into account the "five Cs":
capital, capacity to make the payments, collateral, conditions and
character.
Capital, meaning your personal investment in the business,
outlines not only the size of the business, but also how much risk
you are willing to take. Balance risks carefully - too much means
you will be rated reckless, too little, and the lenders may think
you are not serious about this. The capacity to repay the loan is,
of course, critical for the lender and will be carefully analyzed.
The collateral or the guarantees will show that you have a
backup plan for returning the loan, in case things go wrong. The
conditions represent the general situation in your geographical
area and your respective line of business - mostly things that you
cannot control (but you can make them look better in carefully
planned business plan). Last but not least, character is the
impression you make on the lenders - how trustworthy and
business-oriented you appear to them.
If you take all these into account, your application is more likely
to be successful right from the start. Of course, you also need to
consider, carefully, which type of business card suits your needs.
Many small businesses rely on cash flow to pay for suppliers or
contractors, because they need to purchase materials and
services before their own clients pay up. You need to calculate
the difference between the date when you purchase the
materials and the date when the clients pay you back. If this is
shorter than 30 days, go for a card that doesn't charge you
interest for the respective period. If it is two, three months or
longer, go for a low interest card.
Also, you should think of how often you will have to travel for
business-related purposes, and how a special type of credit card
can help you with this, or how you will handle unprepared
emergency situations that hustle small businesses constantly.
Some of the offers for credit cards for small business include
Blue for Business Card - no annual fee, 0% intro APR for the first
9 months, credit line of up to $50,000 or Blue Cash for Business
Credit Card - up to 5% cash rebate, no annual fee, 0% APR for up
to 15 months. Advanta Platinum with Rewards, featuring cash
back bonus, offers 0% intro APR for balance transfers, up to
50,000 credit line and various types of rewards for the things you
buy most often (gas, office supplies and so on), bonus miles or
cash back.
The Citi Business card has 0% APR for purchases for the first 6
months, no annual fee, a generous credit line and additional
cards for the employees, with a credit limit set by you. The
Platinum Business Credit Card from American Express has no
annual fee and 0% APR for the first nine months on purchases
and balance transfers.
Other options include Business Green Rewards Cash - no fees
for the first year and no pre-set spending limit, and the Business
Cash Rebate from OPEN: the Small Business Network, with up to
5% cash rebate, no annual fee, 0% APR for the first six months, no
limit for cash back and no minimum spending requirements.
quickly that it takes more than skills and dedication in your
respective area of work. Besides being good at what you want to
do, you also need to known your accounting and financing
issues, no matter how annoying and boring these may be. And
the credit card problem for small businesses needs careful
handling, just like that of a regular, personal credit card.
Choosing the right type of credit card is vital for the success of
a small business. Even if you don't have access to a corporate
credit card, a small business card can be a major tool on the path
to success. When you apply for a small business credit card,
lenders will analyze your request from a variety of points of
views. While their evaluation of the risk may vary according to
various local factors, they will all take into account the "five Cs":
capital, capacity to make the payments, collateral, conditions and
character.
Capital, meaning your personal investment in the business,
outlines not only the size of the business, but also how much risk
you are willing to take. Balance risks carefully - too much means
you will be rated reckless, too little, and the lenders may think
you are not serious about this. The capacity to repay the loan is,
of course, critical for the lender and will be carefully analyzed.
The collateral or the guarantees will show that you have a
backup plan for returning the loan, in case things go wrong. The
conditions represent the general situation in your geographical
area and your respective line of business - mostly things that you
cannot control (but you can make them look better in carefully
planned business plan). Last but not least, character is the
impression you make on the lenders - how trustworthy and
business-oriented you appear to them.
If you take all these into account, your application is more likely
to be successful right from the start. Of course, you also need to
consider, carefully, which type of business card suits your needs.
Many small businesses rely on cash flow to pay for suppliers or
contractors, because they need to purchase materials and
services before their own clients pay up. You need to calculate
the difference between the date when you purchase the
materials and the date when the clients pay you back. If this is
shorter than 30 days, go for a card that doesn't charge you
interest for the respective period. If it is two, three months or
longer, go for a low interest card.
Also, you should think of how often you will have to travel for
business-related purposes, and how a special type of credit card
can help you with this, or how you will handle unprepared
emergency situations that hustle small businesses constantly.
Some of the offers for credit cards for small business include
Blue for Business Card - no annual fee, 0% intro APR for the first
9 months, credit line of up to $50,000 or Blue Cash for Business
Credit Card - up to 5% cash rebate, no annual fee, 0% APR for up
to 15 months. Advanta Platinum with Rewards, featuring cash
back bonus, offers 0% intro APR for balance transfers, up to
50,000 credit line and various types of rewards for the things you
buy most often (gas, office supplies and so on), bonus miles or
cash back.
The Citi Business card has 0% APR for purchases for the first 6
months, no annual fee, a generous credit line and additional
cards for the employees, with a credit limit set by you. The
Platinum Business Credit Card from American Express has no
annual fee and 0% APR for the first nine months on purchases
and balance transfers.
Other options include Business Green Rewards Cash - no fees
for the first year and no pre-set spending limit, and the Business
Cash Rebate from OPEN: the Small Business Network, with up to
5% cash rebate, no annual fee, 0% APR for the first six months, no
limit for cash back and no minimum spending requirements.