Business Credit Cards Are A Better Way To Manage Business

Credit Card Blog Canadian Financial Blog
Canadian Credit Blog

Mar 03 2010

Blumenthal: Fed Misses Critical Deadline To Roll Back Credit Rates, Fees By KENNETH R. GOSSELIN The Hartford Courant Even as a sum of new protections for credit card users went into effect last Monday, the state attorney general disparage a ke

Mar 03 2010
update new credit card regulations allow room for maneuvering
UPDATE: New Credit Card Regulations Allow Room For Maneuvering By Meena Thiruvengadam Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The credit card game rules have officially changed thanks to new credit card regulations, effective Monday,

Mar 03 2010
Report: Interchange Fees Obstructs Economic Growth, Job Creation
Report: Interchange Fees Obstructs Economic Growth, Job Creation By Linda Lisanti INDIANAPOLIS -- Less than 20% of the interchange fees charged by credit card companies actually includes the cost of processing transactions, according to a rece

Feb 25 2010
Be A Smart Credit Card User
Be A Smart Credit Card User •Read the terms and conditions of your card. "The Credit Card Act is there to protect consumers," said Bruce McClary, ClearPoint Credit Counseling Solutions spokesman. "But the responsibility is still in the hands of th

Feb 25 2010
terms of the new credit cards regulations
CREDIT CARD ACT TERMS OF THE NEW CREDIT CARDS REGULATIONS 10 things that credit-card issuers can still perform with proper notice: * Alter your fixed-rate card to variable. * Increase your Annual Percentage Rate on future purchases. * Rais

Feb 25 2010
CREDIT CARD TRICKS take out cash
CREDIT CARD TRICKS By Kate Mansey 50 percent extra to take out cash Credit card companies are utilizing crafty tricks to rip off customers - as shock numbers show Britons owe Ł54.5 billion to our "flexible friends". A Sunday Mirror inves

Feb 23 2010
Build Good Credit Without Credit Cards
Build Good Credit Without Credit Cards When you are trying to build a good credit history, one often repeated piece of advice is to get a couple of credit cards and pay them off promptly. Credit cards are not the only way to skin the credit cat, t

Feb 23 2010
interest rate summary credit cards
Interest Rate Summary Credit Cards Here is a look at the state of credit card rates from the weekly national survey of large banks and thrifts conducted Feb. 17, 2010 by Bankrate.com Rates: 13.39% (all fixed); 13.63% (all variable) Credit c

Feb 21 2010
clouds parting over credit card troubles
Clouds Parting Over Credit Card Troubles Kelsey Swanekamp, With joblessness still hovering at 10 percent and household budget under pressure, credit card issuers and lenders are still taking profits from their loans to consumers. Developmen

Feb 21 2010
credit card chargeoffs still troubling
Credit Card Charge-Offs Still Troubling February 17, 2010 by Staff Credit card charge-offs – or loans assumed uncollectible and written off – edged higher in January as reported by the major card issuers, although there is some positive expe

Blog by Topic (Tags)

Credit Card Blog & Article Area

Link Back to This Post

Business Credit Cards Are A Better Way To Manage Business

Blog Post Date: Jul 31 2007

Business Credit Cards Are A Better Way To Manage Business
By: Angelknight

Business credit cards are primarily disseminated for business use only, and provide a simple track record of company expenses.

Business cards still have an application and approval process, still have an interest rate on spending, and still have an impact on credit scores. They are available with low APR, zero introductory interest rates, balance transfer options, rewards, like airline miles or cash back, and so forth. Business credit cards are similar to personal credit cards in how they are obtained, how they are used, and how they work, however business credit cards also offer distinct business oriented benefits and usually offer high lines of credit. They also offer travel discounts on cars and hotels, travel insurance, and even restaurant savings. The fact of the matter is, business credit cards will help your business grow and there is no doubt about it.

Business owners also understand that securing a business credit card early on in the life of the business, helps the business to build its credit track record; and that the sooner a track record is established, the sooner the business will be able to carry the business credit card liabilities on its own. These cards have slowly become one of the most common forms of business credit that assists businesses meet their urgent requirements, even when there is a minimum of cash. Businesses, both large and small, are no different from private consumers when it comes to the features of credit cards, and many businesses rely on the convenience and flexibility of these cards in order to aid the smooth running of their companies.

Business credit cards often secure preferential exchange rates to the business traveler and business credit card issuers also arrange for worldwide emergency and travel assistance. Currently, business credit cards offering zero percent interest rates and reward rich incentives are advertised widely and these kinds of business cards are going to be more widely marketed to small business owners in upcoming months.

Business credit cards are accepted almost everywhere, which is great for those who need equipment or supplies in a hurry. Business credit cards are typically issued to corporate executives or business owners in order to more easily keep business expenses separate from personal charges. Business cards for businesses in general, and for small business specifically, have become increasingly popular as more and more businesses start to realize the benefits. Business credit card volume has grown 20% annually since 2000 and business cards can be issued to more than one individual. They are a great way to increase cash flow and solve cash flow problems.

Business Credit Cards are excellent financial tools for all types of business. But there are drawbacks to small-business credit card usage as well. A business credit card carries the same personal liability as a personal card. So if the business defaults on credit-card payments, a creditor can come after the person who signed the card for payment. Moreover, your small-business credit card will be noted on your personal credit reports and a few late payments may seriously damage your personal credit score, while a big debt increase by the business could make you look more overextended than you really are, regardless of the payment history. Still, no matter what, once your business has built its own credit history, you should be able to remove your small-business credit card from your personal credit reports. One other word of caution: because business credit cards are meant to be used by companies, not consumers, they come with fewer consumer protections than a personal credit card.

From the above, you can see that the vote is in. Business credit cards are wonderful financial tools for all kinds of businesses. And, if you do not have one for your business today, perhaps you should consider getting one in the near future. After all, financial tools that come with great features and benefits are a business necessity.

Provided by ArticleGOLD: Articles Directory - Article Directory

Art Taylor has been a successful internet marketer for 10 years. He writes articles about credit cards and other topics. For more information or to apply for credit cards visit his websites at: Credit Cards or Cards.

Articles from July 2007
More articles from Year 2007

Comments (0)

See Latest Blog Posts:
| Credit Card Blog | Play The 0 Credit Card Game And Win | Business Credit Cards Make Living Business Life Simpler | Cashback Credit Cards Not To Miss Great Offers From Leading Credit Card Companies | Reward Credit Card Basic Things To Follow To Get The Maximum | Make Money With A Cash Back Credit Card;


Credit Card Blog Canadian Financial Blog Canadian Credit Blog Mar 03 2010 Blumenthal: Fed Misses Critical Deadline To Roll Back Credit Rates, Fees By KENNETH R. GOSSELIN The Hartford Courant Even as a sum of new protections for credit card users went into effect last Monday, the state attorney general disparage a ke Mar 03 2010 update new credit card regulations allow room for maneuvering UPDATE: New Credit Card Regulations Allow Room For Maneuvering By Meena Thiruvengadam Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The credit card game rules have officially changed thanks to new credit card regulations, effective Monday, Mar 03 2010 Report: Interchange Fees Obstructs Economic Growth, Job Creation Report: Interchange Fees Obstructs Economic Growth, Job Creation By Linda Lisanti INDIANAPOLIS -- Less than 20% of the interchange fees charged by credit card companies actually includes the cost of processing transactions, according to a rece Feb 25 2010 Be A Smart Credit Card User Be A Smart Credit Card User •Read the terms and conditions of your card. "The Credit Card Act is there to protect consumers," said Bruce McClary, ClearPoint Credit Counseling Solutions spokesman. "But the responsibility is still in the hands of th Feb 25 2010 terms of the new credit cards regulations CREDIT CARD ACT TERMS OF THE NEW CREDIT CARDS REGULATIONS 10 things that credit-card issuers can still perform with proper notice: * Alter your fixed-rate card to variable. * Increase your Annual Percentage Rate on future purchases. * Rais Feb 25 2010 CREDIT CARD TRICKS take out cash CREDIT CARD TRICKS By Kate Mansey 50 percent extra to take out cash Credit card companies are utilizing crafty tricks to rip off customers - as shock numbers show Britons owe Ł54.5 billion to our "flexible friends". A Sunday Mirror inves Feb 23 2010 Build Good Credit Without Credit Cards Build Good Credit Without Credit Cards When you are trying to build a good credit history, one often repeated piece of advice is to get a couple of credit cards and pay them off promptly. Credit cards are not the only way to skin the credit cat, t Feb 23 2010 interest rate summary credit cards Interest Rate Summary Credit Cards Here is a look at the state of credit card rates from the weekly national survey of large banks and thrifts conducted Feb. 17, 2010 by Bankrate.com Rates: 13.39% (all fixed); 13.63% (all variable) Credit c Feb 21 2010 clouds parting over credit card troubles Clouds Parting Over Credit Card Troubles Kelsey Swanekamp, With joblessness still hovering at 10 percent and household budget under pressure, credit card issuers and lenders are still taking profits from their loans to consumers. Developmen Feb 21 2010 credit card chargeoffs still troubling Credit Card Charge-Offs Still Troubling February 17, 2010 by Staff Credit card charge-offs – or loans assumed uncollectible and written off – edged higher in January as reported by the major card issuers, although there is some positive expe Blog by Topic (Tags) Low Interest Bad Credit American Express Business Credit Cards Low Interest Cards Credit Cards - General Advanta Credit Cards Advertising & Marketing Prepaid Credit Cards Visa Credit Cards Cash Back Credit Cards Reward Cards March 2010 February 2010 April 2009 March 2009 December 2007 November 2007 October 2007 August 2007 July 2007 April 2007 February 2007 January 2007 December 2006 November 2006 October 2006 September 2006 August 2006 July 2006 June 2006 May 2006 April 2006 March 2006 February 2006 January 2006 December 2005 November 2005 October 2005 September 2005	Credit Card Blog & Article Area Link Back to This Post Business Credit Cards Are A Better Way To Manage Business Blog Post Date: Jul 31 2007 Business Credit Cards Are A Better Way To Manage Business By: Angelknight Business credit cards are primarily disseminated for business use only, and provide a simple track record of company expenses. Business cards still have an application and approval process, still have an interest rate on spending, and still have an impact on credit scores. They are available with low APR, zero introductory interest rates, balance transfer options, rewards, like airline miles or cash back, and so forth. Business credit cards are similar to personal credit cards in how they are obtained, how they are used, and how they work, however business credit cards also offer distinct business oriented benefits and usually offer high lines of credit. They also offer travel discounts on cars and hotels, travel insurance, and even restaurant savings. The fact of the matter is, business credit cards will help your business grow and there is no doubt about it. Business owners also understand that securing a business credit card early on in the life of the business, helps the business to build its credit track record; and that the sooner a track record is established, the sooner the business will be able to carry the business credit card liabilities on its own. These cards have slowly become one of the most common forms of business credit that assists businesses meet their urgent requirements, even when there is a minimum of cash. Businesses, both large and small, are no different from private consumers when it comes to the features of credit cards, and many businesses rely on the convenience and flexibility of these cards in order to aid the smooth running of their companies. Business credit cards often secure preferential exchange rates to the business traveler and business credit card issuers also arrange for worldwide emergency and travel assistance. Currently, business credit cards offering zero percent interest rates and reward rich incentives are advertised widely and these kinds of business cards are going to be more widely marketed to small business owners in upcoming months. Business credit cards are accepted almost everywhere, which is great for those who need equipment or supplies in a hurry. Business credit cards are typically issued to corporate executives or business owners in order to more easily keep business expenses separate from personal charges. Business cards for businesses in general, and for small business specifically, have become increasingly popular as more and more businesses start to realize the benefits. Business credit card volume has grown 20% annually since 2000 and business cards can be issued to more than one individual. They are a great way to increase cash flow and solve cash flow problems. Business Credit Cards are excellent financial tools for all types of business. But there are drawbacks to small-business credit card usage as well. A business credit card carries the same personal liability as a personal card. So if the business defaults on credit-card payments, a creditor can come after the person who signed the card for payment. Moreover, your small-business credit card will be noted on your personal credit reports and a few late payments may seriously damage your personal credit score, while a big debt increase by the business could make you look more overextended than you really are, regardless of the payment history. Still, no matter what, once your business has built its own credit history, you should be able to remove your small-business credit card from your personal credit reports. One other word of caution: because business credit cards are meant to be used by companies, not consumers, they come with fewer consumer protections than a personal credit card. From the above, you can see that the vote is in. Business credit cards are wonderful financial tools for all kinds of businesses. And, if you do not have one for your business today, perhaps you should consider getting one in the near future. After all, financial tools that come with great features and benefits are a business necessity. Provided by ArticleGOLD: Articles Directory - Article Directory Art Taylor has been a successful internet marketer for 10 years. He writes articles about credit cards and other topics. For more information or to apply for credit cards visit his websites at: Credit Cards or Cards. Articles from July 2007 More articles from Year 2007 Comments (0)
See Latest Blog Posts: \| Credit Card Blog \| Play The 0 Credit Card Game And Win \| Business Credit Cards Make Living Business Life Simpler \| Cashback Credit Cards Not To Miss Great Offers From Leading Credit Card Companies \| Reward Credit Card Basic Things To Follow To Get The Maximum \| Make Money With A Cash Back Credit Card;
See Related Blog Posts: \| Business Credit Cards Purchase Business Supplies \| Business Credit Cards \| Business Credit Cards Make Living Business Life Simpler \| Business Credit Cards Are A Better Way To Manage Business \| 10 Reasons Why Your Company Should Own A Business Credit Card;