What to Look For In a Business Credit Card

Business Credit Card

In today’s world, a business credit card is necessary in order to run your business smoothly and simply. Even though it’s called a business credit card, it’s not much different than the personal cards that you carry in your wallet. In fact, when you look for business credit cards, you should use the same criteria that you look for when choosing your other credit cards. Here are the most important things to look for in your new card.

Low Interest Rate: Even if you plan to pay off your credit card each month, sometimes emergencies come up and it just isn’t possible to pay off the whole balance. To make sure that you don’t take too bad of a financial hit choose a card with a low interest rate. Business cards usually have special introductory rates for the first few months since businesses have more expenses, and less income, during their first few months of operation.

High Limit: Depending on the type of business you are in, you might want a higher spending limit than personal cards typically give. A good range for a business credit card is to have a $5000-$10,000 limit. If you are running a small freelance business where your expenses are minimal, you can get by with a lower limit. However, if you need to buy inventory or large pieces of equipment to help you with your work, you’ll appreciate the flexibility of a high limit.

Option for Multiple Cards and Users: If you have employees, or think you’ll have some in the future, choose a card that will allow for multiple authorized users and cards for them. This will allow employees to make necessary purchases when you aren’t around or if they are traveling for business.

Rewards Program: Since you’ll be spending money anyway, you might as well be getting rewarded for it. Most business cards offer cash back, points or airline miles. Use these rewards for future business expenses or as a way to reward yourself and your team for your hard work.

To apply for funding for your small business, use the form on the right to begin the application process.

For more information, go to Business Credit Card at http://www.unsecuredbizloan.com/business-credit-card

What to Look For In a Business Credit Card was last modified: April 24th, 2012 by Amit Kraidman
This entry was posted in Business Credit Card. Bookmark the permalink.

Comments are closed.