Credit Card Services For A Business

If you are a new business and looking for a credit card, chances are you want a small business credit card. Because you are a new business, resources may be limited as well as manpower. When you’re looking for that new card, you should consider the credit card services for a business that the issuer provides.

Credit card services for a business when looking for a credit card?

Sure. A small business credit card can provide you with more than extending credit. After all you are new and small. You may need all the help you can get.

Financial institutions understand the additional control and constraints a business needs over their credit. Business card offers vary just like personal credit cards, although some of the incentives are the same. However, various issuers go even further with their business credit card offers and add credit card services for a business.

When looking for a new small business credit card, you want to keep in mind that although you’re new and small, you don’t intend to stay that way. You want a credit card that can grow with you. Here are a few features to consider when looking for that new small business credit card.

- After the initial APR introductory offer, what is the regular interest rate?

- Is there a yearly fee?

- What is the line of credit and can it be increased as time goes by?

- Is there a limit to the number of credit cards that can be issued on the account?

- Do they offer airline mile points?

- Is there a cash rebate program?

- Do they have partnerships with leading retailers for office equipment and supplies so that they will offer discounts when using my business credit card?

- Is my account accessible online so I can manage my daily expenses?

- Is there an extended payment term for larger purchases?

- Does this offer include quarterly and yearly reports?

- Can this information be transferred directly to my company’s accounting software program?

- Is there a choice of how I receive the summary of my expenses?

All of these benefits are not offered for every business credit card. But, the right combination for your situation can save you time and money. Choosing the right small business credit card can add significantly to your bottom line.

Small Business Credit Card

It has only been recently that the larger credit card companies began aggressively marketing small business credit cards. If you are a new entrepreneur and have decided it’s time to get a small business credit card, you are in luck!

Most new businesses are sole proprietorships and credit is an important part of growing your business. The credit card issuers look at your personal credit history to see how you’ve managed your personal debt. A good personal credit report can prove that you take your obligations seriously.

As with any credit decision, you need to review what your requirements are before you apply for a small business credit card. The financial institutions are offering numerous incentives for your loyalty such as rewards, cash back, airline miles, high credit limit, and an option to pay over time or in full.

A small business credit card can assist with your cash flow. If you purchase supplies to do a job and bill the client upon completion, a small business credit card allows you that needed extension of time. You should keep this in mind and perhaps apply for a higher limit credit card. Consider the invoicing cycle. If you think it may run over thirty days, you would want to apply for a card that offers the option to pay over time. Look at a lower interest rate small business credit card.

If you have been in business for at least two years and just want to add to your cash flow. The Small Business Capital Line offered by American Express may be what your looking for. This offer includes an unsecured line of credit with a minimum of $10,000. Their easy application process doesn't require any supporting forms for most applications and gives you 100% access to your cash. This offer includes a competitive APR.

If your new commercial endeavor includes travel, a small business credit card with rewards that offers savings for airline miles, hotel and car rental would be ideal. An added advantage is you can keep track, remotely, of an employee‘s expenses through online viewing of your account. This is a big plus when on a tight budget!

The SkyPoints Business Credit Card from Delta and American Express, lets you earn double SkyPoints for everyday purchases and Delta purchases too. You can receive up to 75% discount on airfare when you redeem your SkyPoints. There is a small yearly fee for this program, but the first year fee is waived, offering an immediate savings of $49.

Credit card companies have formed alliances with a number of retailers, both online and off line. Some rewards perks are discounts when using your small business credit card at specified locations.

The Chase Platinum Business Card offers additional savings through their Visa Business partner Advantage. Receive savings of up to 20% from leading retailers with special offers on computer equipment, office supplies, and many other items.

Choosing a small business credit card is made easier by the internet where you can compare offers side by side. Each of the small business credit card programs offer extra value. It’s your choice which program fits with your financial needs.