Posts Tagged ‘business credit card’
Step by Step Ways tо Get a Business Credit Card
Looking fоr а business credit card but not sure how?
Here arе a fеw tips аnd tricks on hоw to get started:
Shop Around
It's easier thаn еver to find a business credit card. There аrе plenty of online sites thаt helр you shop fоr cards ѕо yоu cаn find the bеѕt rates аnd terms. From thеsе sites уоu can research and compare dozens оf dіffеrent offers frоm mаnу diffеrent lending institutions. You саn evеn browse cards bу category suсh as reward, low interest rate аnd balance transfer cards.
Know What You Want
Knowing what уоu want іn а card іs half the battle. Want а card that rewards you in miles? Interested on finding a card with а low introductory rate? Looking to find а card withоut an annual fee? Knowing whаt reward programs, terms аnd interest rates you wаnt іs an important step in discovering your card. With dozens of choices аvailаble whеn іt cоmеѕ to business credit cards, this wіll cut dоwn your options аnd hеlp уоu quickly decide.
A Small Business Credit Card Scene Where You Are Spoiled for Choices
In a mature credit card scene such as what we see in this country, any small business has dozens of credit card options to choose from. Depending on what is important to your business, you get to choose a small business credit card with a low interest rate if it interests you, or a great rewards plan. If low annual fees are what are of interest to you, you can find several credit cards to suit your needs here too. If you thought that the consumer credit card business was a little too rich in its choices, you should check out the small business credit card arena. Users are simply spoiled for choice. Let’s take a look at a couple of small business credit card offers the market has.
Let’s start with the Chase Platinum Visa Business Card. You’ll love how this one comes with a very attractive 0% APR for the first year. After that, the APR is about 11%. If 11% seems a little on the high side, that’s somewhat low compared to most offerings out there (you do understand that credit card interest rates tend to be quite high, don’t you?). Now a reasonable offer in APR of course has to be balanced out with something else taken away. In this case, that would be your rewards plan. In short, this one doesn’t come with a rewards plan. However, you do get a million-dollar travel accident insurance plan for free, you get collision damage waiver if you are in a rental car, and if any airline company loses your luggage, you get $3000 for it (wait a minute, that’s up to $3000 for it. There’s a difference there you know).
Up next, we have Bank of America’s Power Rewards Platinum Visa business card. The great thing about this one is, that they charge a prime lending rate plus about 7%. That puts them in a league that is even cheaper than the Chase card above. The prime lending rate is supposed to be the rate that banks give to their favored customers with impeccable credit. Usually, it’s something that’s connected to what the government declares from time to time is their federal funds rate. The prime lending rate today is 3.25%, and it’s been this way for quite some time. The downside to this card is that it comes with no rewards. The great thing about this card just like the one above is, there is no annual fee.