Blog Archives

How To Find The Best Small Business Credit Card For Your Business

March 24, 2012

Best Small Business Credit Card

Finding the best small bueinss credit card for ones business is often the first thought that comes to mind when one is looking for funding to get things rolling as well as at times when funds are needed to sustain the business. Business loans were popular years ago, but they are getting harder and harder to attain, some people are looking for other options, which good small business credit cards are becoming the best alternative. There are certain things that one needs to look for when searching for the best small business credit card as not all cards are created equal, which below are various different tips that can help you sift through the generic and get one that will coincide with what a small business needs.

best small business credit card

Finding the Best Small Business Credit Card

1.)  Introductory Periods – There are small business credit cards out there that come with anywhere from 6 to 15 months of introductory offers, which these offers range anywhere from a deferred payment grace period where they allow you to not have to pay any payments for a designated period to no interest at all among many others. Getting your hands on one that has 0% APR for the first “X” amount of months can provide you with the freedom of purchasing the neccesities for your business without having to worry about paying any interest at all, which even better will give you enough time to pay off the debt before the interest kicks in. These are just a couple examples of what introductory perks can include, but depending on your business needs, finding the best small business credit card for your company can be done by finding an introducory period offering what would benefit your business best.

2.)  Balance Transfer Access – This is also a big feature that you want to make sure that your small business credit card has if in fact you plan on transfering old high interest balances then look for a card that offers either a flat transfer rate or one that has a cap on the charge amount.

3.)  Rewards – Trying to find a card that offers rewards programs can really provide you with the best small business credit card as you can use these rewards and redeem them for cash, allowing you put your cash rewards right back into the business.

4.)  Low Interest Rate – Now this goes without saying as the best credit cards for small businesses are ones with the lowest interest rates. The best way to get the best interest rates on your credit card is to apply with the best credit score, which if you have partners in your business, all of you should do a credit check and find out who has the best credit score. Whoever has the best one should apply for the credit card, but needs to be a partner to be a cosigner.

5.)  Do A Background Check – This is one of the most sure fired ways of finding the best small business credit card, which you want to check different forums and blogs who have reviewed or are talking about the credit card that you have honed in on. This will allow you to get reviews from real people who have used the card already, providing you with valuable information that the credit card provider may not tell you.

One Of The Best Small Business Credit Cards

To give you a head start, one of the best known credit cards for small businesses is the American Express Business Credit Card which offered a 0% introductory rate for the first 12 billing cycles. Other perks of this best small business credit card option include:

  • Making a payment either in full or over time.
  • A Memebership Rewards Option program that one can apply for free for which offers a host of different rewards like airline points and hotel points among others.
  • A community program where you can network with other business owners as well as get expert advise.




Sell Links