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Small Business Credit Cards: Which One Is Right
For You?
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DontSpendMore.com
Click
here to compare low apr small business credit cards. Instant decision!
Let's face it, small business credit cards are the financial
lifeline for most small businesses. Ease of availability, integrated
accounting, attractive partner discounts, airline miles, and attractive
introductory rates -- limited time, of course -- have made small business
credit cards the favorite of most American businesses. Applying
for a small business credit card can be done in less than ten minutes (these
days, most small business credit card applications are available
online).
Compare this to the extensive paperwork needed while applying for
a business loan.
Marketers have spared no pains in inventing an assortment of small business
credit cards -- each catered to a specific need. Small business credit cards
are packaged with a variety of features, such as cash back rewards,
airline miles (travel), merchandise, gas, employee cards, etc. Bundling
small business credit cards with discounts at participating retailers and
business suppliers have played a major role in promoting the popularity
of business credit cards. With so many options, which small business credit
card should one apply for? Don't fret! We are here to help. Read on.
Click here to compare low apr small business credit cards. Instant decision!
Know your needs.
Knowing your needs and finding a small business credit card that fulfills
them is of prime essence. Make a careful note of your spending
patterns. Evaluate all invoices, receipts, and spending records you
have on file. What accounts for most of your spending? Is it airfare?
Gas? Office supplies? Entertainment? Where do all the dollars go?
Click
here to compare low apr small business credit cards. Instant decision!
Do your research.
Researching the right credit card for your business is the first and
most important of all steps. If you travel a lot, a business credit
card that rewards travel points may be a suitable option. Some
companies go as far as rewarding a mile for every dollar spent. Cards
providing discounts for gas purchases would be ideal for a business
that
has vehicles on the road. A cash back rewards card would, on the other
hand, reward you for purchases made. A certain percentage of your
spending would be put back in your pocket if you select a cash back
reward card.
Click here to compare low apr small business credit cards. Instant decision!
Read the fine print. Yes, it is boring to go through disclosures with a magnifying glass, but, you, as a business owner, surely know its importance. Small business credit card applications -- online or offline -- will always come with a disclosure. Think of this as a contract you are signing -- you financial lifeline depends on the card you select. Don't apply for a business credit card that does not clearly disclose its terms. Carefully evaluate the terms: APR, grace period, length of intro APR, annual fees, etc.
Aim for a zero debt
balance. Don't get tempted to carry balances forward; this will
cost you a fortune in the long run. The lesser the financial burden,
the better your business will perform. Yes, this sounds hard. We know,
we own a business as well, but paying-off your balances on time will go
a long way in saving interest expenses and keeping your business debt
free, while at the same time allowing you to use your financial
lifeline when needed.
Click
here to compare low apr small business credit cards. Instant decision!
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