The Worth of a Business Credit Card


Among the various types 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–business owners or business executives–it appears complicated to use. Although a business credit card has more requirements and may have higher interest compared to other types of credit cards, contrary to the common misconception, it is a valuable tool if used properly.

What is a business credit card?

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

Since it targets 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, the major trademarks of business credit cards are detailed reports and quality customer service.

Aside from having high limits and low interest rates, a business credit card provides many alternatives and numerous credit options for small businesses. A business credit card aids those people who are starting to grow their business 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 get answers to all your questions immediately. But since a business credit card is for business people who are always on the go, many credit card issuers offer 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 line just to talk to a bank representative. When you apply for a business credit card online, all you have to do is to select the business credit card option suits your small business or corporate credit requirements right from the comfort of your home or office. Aside from offering a safe, secured, and simple process 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 online payments and statements.

Customized company logos and access to instant cash are also available online. Other online business credit cards offer detailed reporting features for easy monitoring and access.

Most business credit card applications offer the first year fee free and no pre-set spending limit or finance charges. Other business credit cards offer viable membership reward programs that allow the member to earn points towards travel, merchandise, and other rewards for his/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 some require no collateral. 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 the majority of the business credit card issuers offer great value deals, it is very important to research first what your business really needs. Whether your business credit card is meant for investing in inventory or just for payroll, it is wise 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 easily and conveniently as possible.