Credit Cards for Small Businesses

[ Bookmark this page! ] [ get HTML Version ]

Credit Card - The Best Way
Credit cards nowadays are classified under an individual's bracket of "necessities" instead of "luxuries". It is categorically known as an "asset' rather than a "liability". This plastic contraption is now more of a facade of an ordinary individual who wants to experience more efficient financing rather than a facade of a wealthy individual who is capable of making purchases without bringing a sin... Read credit cards article



Retail Store Credit Cards
You should get retail store credit cards if you are just starting to establish a credit history. These credit cards still report to the major credit bureaus even though they are not backed by a major credit card company. You can get retail store credit cards from a retail store and you can only use them for that particular retail store. You can enjoy a lot of benefits when you get these credit car... Read credit cards article



Credit Cards for Small Businesses
American Express offers a variety of credit cards specially meant for small businesses. These credit cards come with several benefits and incentives. There are small business credit cards with cash back offers, travel awards and shopping benefits. You can get some cards that have even no pre-set limit, low introduction APR, and no annual fee.

Its Business Platinum Card, Delta Skymiles Business Credit Card, Gold Delta Skymiles Business Credit Card, Platinum Delta Skymiles Business Credit Card, Skypoints Business Credit Card from Delta and American Express, Platinum Freedom Business Credit Card are specially designed for business travelers. They offer travel benefits, services and privileges. If you are a frequent flyer, these cards will be suitable for you.

Business Platinum Card has no spending limit. There are also some other business credit cards like Platinum Business Cash Rebate Card, Business Green Rewards Card, Platinum Business Credit Card, Business Gold Rewards Card, Blue Cash for Business Card, True Earnings Business Card from Castco and American Express. These cards have cash back offers among several other incentives.

Platinum Business Credit Card has no annual fee and charges 0% Annual Percentage Rate (APR) for the first 12 months. With Platinum Business Credit Card, you can enroll in Membership Rewards Options program for free. You can earn points toward rewards from 20 major airlines, 150 hotel properties, more than 50 of the finest names in shopping and entertainment. The points have no expiry date and there is no limit to the number of points you earn.

Blue Cash for Business Credit Cards offers up to 5% cash rebate. It charges no annual fee, 0% APR for the first six months and unlimited fee-free additional cards.

With True Earnings Business Card from Castco and American Express, you can not only enjoy warehouse prices on a wide range of business products at Costco, but also get cash back every time you make a purchase with the card. You can earn 3% cash back for eating out at any restaurant or for home delivery. You can earn 2% cash back for traveling - airline tickets, hotel stays, car rentals, and cruises - even when you book through travel agencies. Besides, there is 1% cash back, every other time you use your True Earnings Business Card. It has 0% APR for the first three months of the card membership.

You can save up to $50 on Delta airfare by using Skypoints Business Credit Card from Delta and American Express. It offers 3,000 bonus points with your first purchase - redeemable for up to $50. It has no annual fee for the first year, 0% introductory APR for 6 months. The Balance Transfer APR is 9.99% fixed for the life of balance, for balance transfers made during the first six months of membership. For cash advance, it charges APR of 22.99%.

All these business cards come with insurance coverage. You can get insurance cover for all purchases. Besides, it gives you car rental loss and damage insurance, travel accident insurance. Car rental loss and damage insurance provides coverage for theft of or damage to most rental vehicles. Travel accident insurance provides up to $100,000 coverage for accidental death and dismemberment insurance while traveling on a common carrier conveyance when the entire fare has been charged to the card.

There is also facility for flexible payment for larger purchases over time with its Extended Payment Option. There are also emergency services facilities that assist you with emergency card replacement, check-cashing, and hotel check-in. If you are an American Express credit card member, you can access your account online and view up-to-date billing information online, including transactions, charges and payments. Compare the features of cards before applying for any business credit card that will be better for you and your business.

Note: The figures specified in this article were current at the time of writing the article. However, author doesn't guarantee the correctness of these figures.

Bookmark this page | Search this site | E-mail to a Friend



Credit Cards - Why You Must Pay More Than The Minimum

In today's world of online shopping and bill servicing, credit cards have become almost an essential part of our everyday lives. No one would argue that they don't make life easier, but it's also true that they have a dark side in that it's all to easy to build up debt.

Of course, it's simple to advise against getting into debt by overspending with your card, but that advice is perhaps a little hollow for people who have already built up a balance. If you're lucky, that balance is not yet too much of a problem, but one almost guaranteed way of setting your debt on the slippery slope is to continue spending with your card while only making the minimum monthly repayment required by your card issuer.

Each month when you receive your statement, the minimum amount you have to pay will be clearly shown, and many people choose to have this amount repaid automatically through their banks. This makes it easy to keep your account up to date, and gives the illusion that you're keeping on top of your card balance.

The problem lies in the size of the repayment you're making. In the early days of plastic, the minimum repayment level was generally around 5% of the balance, but over the years this has drifted inexorably downwards with 2.5% to 3% being the norm nowadays, with some cards going as low as 2%.

Why is this a problem? Surely a lower repayment amount is attractive, as your credit will cost you less each month, putting less pressure on your budget? This is true to an extent, but the problem lies in the long term. To get an idea of how bad an idea only paying the minimum is, we need to look a bit more closely at your credit card statement.

As well as showing the familiar annual interest rate, or APR, your card statement will also show the monthly rate of interest charged on your balance. A typical card might show a rate of around 1.6% a month. In simple terms, this means that each month you will be charged 1.6% of your balance in interest. Compare this to a 2% repayment, and you'll see that over three quarters of everything you pay is swallowed up in interest charges, leaving your original debt virtually untouched.

This situation is bad enough, but it gets worse when you consider that the interest rates charged on other ways of using your cards such as instant cash or overseas use can be much higher. Monthly rates for withdrawing cash, for example, can be nearly as high as the minimum repayment percentage. If you withdraw a significant amount of cash within a month, it's quite possible that the whole of your repayment can go towards interest, with your debt level not reduced at all.

So even from this quick look at repayment levels, it's plain to see that if you only make the minimum payment required on your statement, you'll be prolonging the life of your debt by many years and vastly increasing the amount of interest you'll be paying in total. How can you avoid this?

The best way is to set up automatic payment of the minimum, so that you'll be sure that every month you'll at least be staying within the terms of your credit agreement and not risking damage to your credit rating. Then, at the end of the month, make an extra payment of as much as you can afford without borrowing from another source. Even if you can't afford to pay a large amount, every little helps especially as all of it will count towards reducing your balance and not servicing interest charges.




Top rated articles for credit cards

1. Good Credit Card Deal
A lot of times while we are looking for the ideal credit card we are usually told by friends and family about what a good credit card deal they got on their last credit card. Sometimes you may be told... Read credit cards article

2. Best Credit Card Offers
Credit card offers, they're everywhere! They appear in your mailbox. They pop up while you're surfing the Internet. They're in slick brochures next to the cash register or gas pump. They're in full-pa... Read credit cards article

3. How Students can Use Credit Cards Wisely
If you ask most 18 - 24 year olds what their life's most pressing worries are, chances are most of them will cite student debt somewhere near the top. However, while students continue to depend on lar... Read credit cards article

4. Zero APR Balance Transfer Credit Cards
There is a lot of interest in 0% APR Balance Transfer credit cards because of the tremendous savings possibilities they offer. You don't have to be an MIT graduate to understand that the 20% you are p... Read credit cards article

5. Credit Cards - Best Features
Variety is the spice of life and this is true even for credit cards. They come in various types and with an entire range of incentives and benefits to lure customers. A responsible person will find a ... Read credit cards article

6. Credit Card Consolidation - A Fine Way
You can adopt various methods to reduce your debts. Methods such as bankruptcy, debt consolidation, debt settlement, debt management, debt forgiveness, and debt payoff are all methods which can bring ... Read credit cards article

7. Student Credit Cards - Benefits and Pitfalls
Credit cards for students have both advantages and disadvantages. Parents and students should be aware of the pros and cons of student credit cards. Some of the merits and demerits of using a student ... Read credit cards article

8. When Credit Card Gets Lost
With credit card fraud and banking violations dominating the news headlines at least once every month, consumers are becoming increasingly worried that their credit cards might be abused or stolen; wo... Read credit cards article

9. Instant Approval Credit Cards Available Today
When you need to get a credit card in a hurry, you want to go for an instant approval credit card. These credit cards are readily available, but are especially for those who have excellent or good cre... Read credit cards article

10. Credit Card Debt
Credit card debt is a serious matter that has ruined the lives of millions of people. It can be hard to find humor in a mounting pile of unpaid bills. However, sometimes we need a good laugh to relive... Read credit cards article


Credit Counseling and Debt consolidation services in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi,



Credit Cards for Small Businesses
Debt consolidation services in Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania,

Debt consolidation services in Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin and Wyoming.

Add website or submit URL link of your site to 1000 free directory