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.