Business Directory


I have a few personal credit cards and I want to consolidate them. I am also self-employed, but I dont’ have a business credit card; although I get LOTS of ads for them in the mail. I’ve always wondered, what is the difference? Are there different rules or fees? Can you only use them for business purchases? Do you have to spend a certain amount to keep them?

Any advice appreciated…

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Hello,

How can I know if my business credit cards are personally guaranteed? I don’t have copies of the original applications and I don’t want to call the cards to ask (because it may impact me negatively). Is there something in the Terms & Conditions of the cards that I should look for?

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Among the so many varieties of credit cards, one of the most underestimated is the value of a business credit card. Many people do not choose to apply for a business credit card because aside from having a definite target market- the business owners or business executives-it seems to be complicated to use. Although a business credit card has more requirements and has higher interests compared to other types of credit cards there is, contrary to the common conception, t can be very helpful if used properly.

What is a business credit card?

Basically, business credit card is for the business people’s consumption. Compared to the regular credit card, a business credit card has a high limit plus low interest rates. Depending on the manner of choosing, a business credit card may also bring a lot of automatic benefits.

Since it is targeted towards businessmen or those people who are heading towards building a business, a business credit card can definitely benefit these small businesses. A business credit card helps the budding business by extending payments while improving the cash flow. Aside from bearing the image of a dependable credit card, business credit card boasts of having detailed reports and giving quality customer service as its major trademarks.

Aside from having limits and low interest rates, a business credit card provides many alternatives and numerous credit options for small businesses. A business credit card also caters to large corporations that are crafted to aid those people who are starting with their own business to grow while closely monitoring the baseline of credit.

Simplifying business credit cards

It really pays to go to the bank when one applies for a credit card to get the chance to answer all immediate inquiries. But since business credit card is for business people who are always on the go, many business credit card issuers offers online applications for business credit cards.  When one applies for a business credit card, there is no need to visit the bank. There is also no need to wait in the queue just to talk to a bank representative. When you apply business credit card online, all you have to do is to select the business credit card option that would perfectly suit your small business or corporate credit requirements right from the comforts of your home or office. Aside from offering safe, secured, and simple processes that are designed help you take care of your starting business, most business credit cards online offer accessible features for the convenience of the business credit card holder like the online payment and reporting. Customized company logos and access to instant cash are also available on line. Other business credit card online offers detailed reporting features for easy monitoring and access.

Most business credit card applications offer free fee for the first year and no pre-set spending limit or finance charges. Other business credit card offers viable membership rewards program that enables the member to earn points towards travel, merchandise and other rewards for his or her business. Some of these business credit cards offer small businesses a line of credit up to $100,000 at a competitive APR as low as prime + 1.99% for both cash and check purchases; 100% of the line is available as cash and no collateral is required. The business credit card holder or customer might receive fee-free checks as well as a card to access the account. Everyday savings or exclusive savings, express approvals, no annual fee, up to 5 percent rebates on all qualified purchases, and 0% introductory annual percentage rate (APR) on purchases during first half of the year of card membership are some of the great offers of most business credit cards.

Although majority of the business credit card issuers offer great value deals, it is very important to research first what does your business needs. Whether your business credit card is meant for investing in inventory or just for payroll, it is significant to look for a flexible business credit card that can handle almost anything. Whether you opt to go directly to the bank or apply for a business credit card online, a number of premier business credit card suppliers are there to help you find the right credit card product as easy and convenient as possible.

Among the so many varieties of credit cards, one of the most underestimated is the value of a business credit card. Many people do not choose to apply for a business credit card because aside from having a definite target market- the business owners or business executives-it seems to be complicated to use. Although a business credit card has more requirements and has higher interests compared to other types of credit cards there is, contrary to the common conception, t can be very helpful if used properly.

What is a business credit card?

Basically, business credit card is for the business people’s consumption. Compared to the regular credit card, a business credit card has a high limit plus low interest rates. Depending on the manner of choosing, a business credit card may also bring a lot of automatic benefits.

Since it is targeted towards businessmen or those people who are heading towards building a business, a business credit card can definitely benefit these small businesses. A business credit card helps the budding business by extending payments while improving the cash flow. Aside from bearing the image of a dependable credit card, business credit card boasts of having detailed reports and giving quality customer service as its major trademarks.

Aside from having limits and low interest rates, a business credit card provides many alternatives and numerous credit options for small businesses. A business credit card also caters to large corporations that are crafted to aid those people who are starting with their own business to grow while closely monitoring the baseline of credit.

Simplifying business credit cards

It really pays to go to the bank when one applies for a credit card to get the chance to answer all immediate inquiries. But since business credit card is for business people who are always on the go, many business credit card issuers offers online applications for business credit cards.  When one applies for a business credit card, there is no need to visit the bank. There is also no need to wait in the queue just to talk to a bank representative. When you apply business credit card online, all you have to do is to select the business credit card option that would perfectly suit your small business or corporate credit requirements right from the comforts of your home or office. Aside from offering safe, secured, and simple processes that are designed help you take care of your starting business, most business credit cards online offer accessible features for the convenience of the business credit card holder like the online payment and reporting. Customized company logos and access to instant cash are also available on line. Other business credit card online offers detailed reporting features for easy monitoring and access.

Most business credit card applications offer free fee for the first year and no pre-set spending limit or finance charges. Other business credit card offers viable membership rewards program that enables the member to earn points towards travel, merchandise and other rewards for his or her business. Some of these business credit cards offer small businesses a line of credit up to $100,000 at a competitive APR as low as prime + 1.99% for both cash and check purchases; 100% of the line is available as cash and no collateral is required. The business credit card holder or customer might receive fee-free checks as well as a card to access the account. Everyday savings or exclusive savings, express approvals, no annual fee, up to 5 percent rebates on all qualified purchases, and 0% introductory annual percentage rate (APR) on purchases during first half of the year of card membership are some of the great offers of most business credit cards.

Although majority of the business credit card issuers offer great value deals, it is very important to research first what does your business needs. Whether your business credit card is meant for investing in inventory or just for payroll, it is significant to look for a flexible business credit card that can handle almost anything. Whether you opt to go directly to the bank or apply for a business credit card online, a number of premier business credit card suppliers are there to help you find the right credit card product as easy and convenient as possible.



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Many business owners today use credit cards to fund their businesses. You may have heard of aspiring entrepreneurs and filmmakers who bravely maxed out on their credit cards to execute their ideas. Although there’s nothing wrong with using business credit cards, relying on them as the only means of financing your business poses a great risk. In this article, let’s discuss the necessary precautions that you should consider before obtaining business credit cards.

Credit Cards for Business – The Consequences

Overspending. What are the consequences of using business credit cards? First, there is the tendency to overspend. Since it’s so easy to charge purchases on a credit card, a business owner may not immediately realize that he has already been maxing out on his credit line to shoulder business expenses. There may be times when even personal expenses are also charged to your business credit card. By the time your billing statement arrives, you may be surprised to find out how big the charges are on your account.

High costs. Overspending or maximizing credit brings forth another complication. Because the charges are too high, you may not have enough cash to pay off your monthly balance in full. Instead, you may be forced to pay only the minimum due. Why is this risky? Don’t forget that each time you carry over your balance unto the next billing cycle, you also incur high interest rates on your account. This is the reason why many business credit card holders are facing huge credit card debts.

The wrong credit card. Another challenge that business owners face is choosing a business credit card that matches their needs and spending. Choosing the right card is crucial especially when it comes to credit cards that offer rewards. It’s so easy to get enticed by low interest rates and big rewards but if the program doesn’t suit your business, you may find that you’re not really getting the incentives you expected.

Jeopardize your business credit. It is true that business credit cards can be tools for building a separate credit history for your company. However, this depends on how well you use your business credit card. For instance, if you’re often late in submitting your payments or if you’re in the habit of maximizing on your credit limit, you may doing more damage than good to your business credit.

The effect on your personal credit. Unless, you’ve already established your business credit, your personal credit history will also be affected with the way you handle your business credit card. As the owner of the business, you have the responsibility and obligation to pay for all charges reflected on your business account. This means, late payments on your business credit card will also pull down your personal credit score and affect your credit worthiness.

Use Your Business Credit Card Responsibly

Clearly, your success for using business credit cards in financing your business greatly depends on how well you take on your responsibilities as a card holder. Needless to say, credit cards can assist you with your business spending but it’s still important to seek traditional ways of business financing to reduce the risks.



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Business Directory


Setting up a business is something we all dream of, yet it isn’t something that just anyone can have.  For starters, not everyone can come up with the seed capital needed to launch the business or set the wheels in motion, so to speak.   Besides that, fresh funds should be added in the corporate coffers every so often – either for improvements, new acquisitions or further expansions.

Running a business or a company is challenging as it is. Imagine now how relieved business owners and entrepreneurs are that business credit cards are around to assist them in tight cash flow situations.

Business Credit Cards – What Services to Expect

Business Credit Cards Infuse New or Fresh Capital

Primarily, business credit cards offer you an array of services to help you run the business more efficiently.  The first and most valued feature is financial help – either as start up capital or a small inoculation of cash for an already existing business. 

Business Credit Cards Assist Promote Growth and Expansion

Business credit cards offer a zero-percent annual interest rate which allows you to purchase expensive supplies or equipment. Repayment terms for some business credit cards can extend as long 12 to 15 months.  For business owners, this is a perfect arrangement since given that amount of time; they will most likely be able to pay for the business credit card charges from newly-generated profits.

Business Credit Cards Cam Keep Your Expenses in Check

Another advantage of having a business credit card is that you can keep a running tab of your cash flow.  A business credit card enables you to make important purchases via your flexible and extended credit line. It is important however to keep your credit limit in mind, so as not to overcharge or max out your credit line – as doing so could seriously upset your cash flow.

As with personal credit cards, business credit card can double as your financial reports.  In addition, business credit cards come with a feature that lets you sort your purchases by dates and in different categories.  Aside from that, most business credit cards allow you to upload your billing statements to various accounting software.  This creates leverage for you, specifically in the book-keeping aspect as it allows you to monitor expenses more regularly.

Business Credit Cards Give You Rebates and Discounts

A business credit card also offers cash back incentives or rebates on purchases and other types of business transactions. In the case of companies with more employees, business credit cards can give anywhere from 6%-19% a year in rebates – plus other bonuses.

Moreover, business credit cards assure you of cash savings and big discounts with their frequent flyer programs.  Business credit cards such as the Business Airline Card, or the Business Travel Card allows you to earn frequent flyer points with every trip. These points are later converted to free trips or applied as group discounts for your company.

No matter how big or small your business may be, a business credit card can assist you in a multitude of ways.  It lets you enjoy a wide array of helpful services and features, while at the same time giving out more perks and bonuses.  Definitely everything you’d want in a personal credit card – plus so much more!



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