Article by Precilla Almeda
For a lot of people who are just starting to launch a small business venture, it may seem quite intimidating to start accepting credit cards as a means of payment from customers right away. After all, it takes a lot of hard work to have your company certified for merchant status from a number of banks to be able to accept credit payments.
Even so, what small business owners must take note is that setting up your company to accept credit cards can actually contribute many rewards that could lead to the growth of your business. Here are some of the reasons why accepting credit cards will greatly benefit your company.
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Article by wjtrader
usiness credit cards are almost a necessity in today’s world, whether you’re a small or a large corporation. In fact, small business credit cards are almost more of a necessity to a small than corporate credit cards are to a large corporation or, at the very least, equally important. A business card can help you track your expenses easily. By inspecting the monthly statement, an owner can see where the money is going and, more importantly, by whom. One of the most important advantages of having a card is the access to credit it provides you while helping you to easier manage your cash flow.
Credit card companies specializing in small business credit cards offer many features. Some of these features may include annual and quarterly account summaries, personalized cards with your company name and additional cards for employees. Another advantage of having a business owner having a card is that you can easily keep your expenses separate from your personal expenses. This feature allows owners to know their true profit or loss. It’s important that you get the card that’s right for your business. The credit history of your business will determine the credit line you’ll get. Most large corporations get corporate cards with a larger credit limit because of higher cash flow than small companies. If you’re just starting out, you may start off with a smaller credit limit but you can get offers of cash-back and rewards programs that can help you save money.
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Article by Debbie Dragon
Many small business owners might feel the need to shy away from credit cards, to avoid the temptation to overspend or because they prefer to pay for everything in cash. What business owners may not be aware of, however, are the often-overlooked “extras” that come with business credit card rewards programs.
Think about the typical credit card rewards program- it may offer one point per dollar spend on the card, and be rewarded in the form of cash back or points redeemable for merchandise or travel. While these can be beneficial when used correctly, credit cards can offer a whole range of additional benefits to the business owner.
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Article by anees
With more than 600,000 new small businesses started each year, it’s safe to say that the dream of being a successful business owner is a strong one. If you are considering starting your own business, or are already the proud owner of a business- here are 7 reasons why your small business needs a credit card: 1. Keep your personal finances and business finances separate. It’s easier than you think to accidentally mix up your funds. Using a credit card that is used only for your business expenses and purchases eliminates the problem of labeling every transaction in your personal checkbook or on your personal credit card statements at the end of the month. 2. Build credit in the name of your business. If you obtain a credit card in your business name, the more you use it and make on-time payments, the stronger you will build the credit score of your business. After several months of building a good credit history, you may be able to obtain small business loans or other sources of financing if necessary. 3. Get stuff for free. There are numerous rewards programs with credit cards. If you choose one that works for your business, you can easily earn the things you usually buy for free. For example, some rewards credit cards offer you a way to earn office supplies at a discount. The key to making a rewards program successful is to choose one with no annual fee and pay your balance off in full each month. If you travel regularly for business, it would make sense that you get a card with travel rewards- either earn miles towards free flights, or get free or discounted hotel rooms. 4. Easy record keeping. Owning a small business means you are allowed to deduct certain purchases on your taxes, but only if you have good records to prove you’ve made those payments. A credit card with an annual, itemized statement will make tax season a snap, regardless of the number of transactions you’ve made on your card. 5. Additional credit cards for employees. As your business grows, you may find the need to allow key employees within the organization the ability to make purchases or pay for business expenses on your behalf. Most credit card companies will allow you to obtain additional cards in other people’s names. Your transaction listings and statements will show which credit card made each purchase, allowing you to see at a glance whether the employee use of credit is being abused or not. 6. Concierge services. Depending on the credit card you choose, you may benefit from additional services like reservation assistance, verification of flights, and even a personal shopping service. Did you forget to get your wife flowers for your anniversary? A quick call to your credit card concierge service and they can make the arrangements for you. 7. Travel benefits. In addition to the potential to save money on travel costs with a credit card rewards program, most credit cards offer travel accident insurance that helps cover you for things like lost luggage or flight cancellations.
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Article by Peter Carville
Now more than ever, small businesses are relying on credit cards as a stop-gap measure when cash flow is slow. Small businesses often don’t have the clout to negotiate credit terms with their supply chain, so they’re increasingly relying on credit cards as a short term coping strategy. Anywhere from 30 to 60% of small businesses say that cash flow is their greatest financial concern, and the percentages are likely to increase as the recession drags on.
In January 2009, the Bank of Ireland unveiled its 2 for 1 credit card that is a credit card and a personal loan combined. It is designed to allow businesses to make large purchases without incurring huge interest charges that credit cards impose. If a customer is unable to repay a large purchase within the statement date, he or she can transfer the balance to a personal loan, which offers a rate of 6.9% for 12 months. This gives the cardholder a year to pay off the loan before the interest rate reverts to 14.9%.
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Article by Raissa
Business credit cards can be a tremendous asset to your company. There are many ways in which Business Credit Cards can help you save money and improve you bookkeeping. A business credit card is used for business expenses. Getting a business credit card is similar to getting a personal one, In the case of a small business, it is likely that the business owner’s credit score will have to qualify for the desired credit. For larger companies, a corporate credit rating might be all that is needed.
I am list out some popular business credit cards with their features here: The first one is American Express
Article by Mario R. Churchill
When employees of corporations need to purchase something, they have to course their requests for funds through several divisions and departments before they can receive the money. Although this may appear to be a bureaucratic trap, it is a system that nearly all corporations use to make sure that all requests are met in an organized manner.
This system is a good way for businesses to save money, and to make sure that the money that the company has worked hard to make is well spent. However, it cannot be avoided that money will be needed at inopportune times, and for emergency purposes. A computer can crash at a critical time, so that an annual report may not be written in time for an important review. A finance system can suddenly collapse, so that accounts important to the company may not be closed, opened, or edited. A printer may suddenly run out of ink, a copier may run out of toner, and the store room may run out of paper.
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Article by Pamela Williams
Finding a credit card that suits your business can be a daunting task. With a long list of business credit cards available in the market, choosing one can be confusing. How can you choose a card that matches your business? What important factors should affect your choice? What particular features of a business credit card should you look for?
Comparing Small Business Credit CardsUnlike corporate cards, credit cards for small businesses involve a less complicated process. Small business credit cards are easily available online and you can in fact, get an approval within minutes after submitting your application. The internet is also a convenient tool in comparing different credit card, particularly the ones offered for businesses. You can also read reviews from credit card review websites to learn more about what each card offers.
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Article by Pamela Williams
So you’ve finally decided to get a business credit card. Yes, business credit cards are great tools for managing your business finances. However, don’t forget that not all credit cards in the market are as promising as they seem to be. It is up to you to find the right credit card that matches the needs and spending style of your business. In this article, let’s discuss the steps you need to do before applying for your first business credit card.
Check your credit. Check your credit report and see whether your credit rating is enough to get approved for the best business credit cards in the market. If you don’t have a corporate credit, your personal credit history would be used. Do you think you can improve your credit score? Remember, a high credit score would give you more power in choosing a credit card with the lowest rates and best deals.
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Article by Anthony Samuel
The Advanta Platinum Business Card with Rewards is a business credit card giving you a choice between a cash reward program and a business reward card. What makes this card even more special is its low APR at prime rate minus 0.26% -7.99% along with it providing one of the best business transfer deals available in the market. The day you open your account you get an introductory APR of 0% on balance transfer for the first fifteen billing cycles and you don’t even have to pay any annual fee even for your additional employee cards, if any finance charge is applicable at all, it is just . The Advanta Platinum Business Rewards Card’s APR is probably the lowest APR for any business credit card and the balance transfer deal is also the longest of any business credit card available.
With the Advanta Platinum Business Card with Rewards you can choose between a cash rebate and rewards program. If you choose the cash back program the Advanta Platinum Business Card with Rewards gives you 5% rebate for gasoline or diesel purchases, computers, computer supplies, electronics and office supplies, utilities and telecommunications and you earn 1% rebate on other purchases too.
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