The Truth About Business Credit Cardsby Aika Anderson
Do you own a business? Or still in the planning stage to start-up your own? Then a business credit card may just be the thing for you. A business credit card is the modified version of your personal credit card and a lot more.
The Benefits Of Business Credit Cards
First of all, it separates your personal money from your business funds. It gives you the option to distribute business credit cardsto your employees to keep track and control spending on all your business purchases. It also provides you with an annual report, detailing all purchases that are made on your account. This is a great help when reviewing your accounting and tax payments. More importantly, a business credit card can be used to temporarily fund a business and get it started without waiting for a bulk of cash to come in hand.
The business credit cards give rewards to their customers which surely benefits small business owners and entrepreneurs. Rewards come in the form of cash rebates, discounts on purchases and free travels in and out of the country. Because businesses use their credit cards for big purchases, they gain more points easily which entitle them to great rewards and bonuses.
Most business credit cards offer big discounts for the whole promotional period to attract more customers. Most credit cards allow a very low charge on the APR which can last from 3 months to a year, to even more than one year period. The rate varies starting at a 0% interest rate. If you can get credit with a 0% APR, then you can actually get a very big purchase without having to pay for it in cash instantly.
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Created on Oct 29th 2007 21:35. Viewed 845 times.