Business credit cards are
some of the most popular. With more and more
companies needing credit cards for their day to day
operation, they are turning to credit cards that
cater specifically to businesses. Business credit
cards are perfect for the small or large business
owner. They are a great way to get business
discounts and deals. Business credit cards also
offer reward programs and introductory offers. When
choosing and using business credit cards, think
about the advantages below and spend wisely.
Interest Rates
Most business credit cards carry low interest
rates. This is mostly due to the fact that
businesses have great credit and carry little risk
to credit card companies. Therefore, you should
never apply for business credit cards with high
interest rates. Normal interest rates for business
credit cards fall between 9% and 15%. Shop around
for the best rates, especially if you keep high
balances.
Credit Lines
Business credit cards usually carry much higher
credit lines than the average credit card. With
something like a business seen as collateral, credit
card companies can afford to offer high credit
lines. If you need a high credit line for day to day
business, consider a business credit card.
Discounts
Some business credit cards offer discounts at
other businesses. For example, some business credit
cards will give you up to 10% when you use them at
office supply stores, gas stations, airports, or
flower companies. The list will vary with each
individual card, so be sure to check it out. This is
a great way for you to save money as well as get
things you already need.
Employee Cards
If you are an owner or manager of a business, you
should look for business credit cards that allow you
to give your employees cards. This is best for large
businesses. With the best business credit cards, you
can set different limits for each employee based on
their individual needs. This allows you to be in
control of any spending that comes through on any
business credit cards each month.
Rewards
Business credit cards usually have rewards
programs that cater to the business lifestyle. For
instance, many business credit cards have flight
points reward systems. These allow you to accumulate
a certain amount of points per purchase and redeem
them for flight fares. These are a great way to pay
for an extra flight a year. With flights being so
expensive, you can bet this perk of the business
credit cards comes in handy. By using your business
credit cards often and paying the balances on time,
you can get a lot back from your purchases. With
business discounts alone, you can save your company
a bundle. Also, the rewards programs always add up
the end, especially with business credit cards. So,
be sure to choose a fitting card and start using it
today!
