What Exactly Is A Small Business Credit Card - PowerPoint PPT Presentation

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What Exactly Is A Small Business Credit Card

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If you have a small business, there are several credit cards designed specifically to meet your needs and make it easier to run your business in the first place. But, how do you know which one of these cards is right for you? While most small business credit cards allow you to earn rewards on every purchase, this isn’t always the case, so let’s take a look at what makes them unique. Website - – PowerPoint PPT presentation

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Title: What Exactly Is A Small Business Credit Card


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What Exactly Is A Small Business Credit Card?
3
Types Of Business Credit Cards
  • If you have a small business, there are several
    credit cards designed specifically to meet your
    needs and make it easier to run your business in
    the first place. But, how do you know which one
    of these cards is right for you? While most small
    business credit cards allow you to earn rewards
    on every purchase, this isnt always the case, so
    lets take a look at what makes them unique.
    Well also cover the application process and help
    you pick the best small business credit card for
    your needs today!

Different cards offer different benefits and
these can include such things as improved
interest rates for purchases and rewards for your
spending. Here are the best business credit
cards, including our picks for the best
small-business credit cards. The list includes
information about what makes each of them unique
from other types of business credit cards. You
may want to compare which one best suits your
needs before you apply.
Risks And Rewards Of Using Business Credit Cards
As with any credit or debit card, there are
certain risks and benefits to using one.
Depending on your business, the rewards may be
worth it, but as always you should always weigh
the risks versus the rewards.
4
How To Choose A Card Thats Right For Your
Company
  • First off, many small businesses have been turned
    down for large amounts of capital through
    traditional lenders in favor of more attractive
    risk profiles and a greater likelihood of
    investment success. In this sense, if you have a
    successful track record with using your cards and
    managing finances responsibly but you dont quite
    qualify for high-interest financing, then could
    be an excellent choice. The best small business
    credit card will usually offer at least a
    competitive interest rate, which can often save
    money in the long run.
  • Furthermore, some cards even offer other perks
    such as rental car insurance coverage that can
    cover cars rented for up to 48 hours at no extra
    charge. For people who travel regularly for work,
    these features can prove invaluable when they
    come time to pay the bills.
  • The main downside of having the best small
    business credit card instead of a personal one is
    that payments cannot be made over the phone or
    online all transactions must be handled by
    mail. The upside, however, is that with no preset
    spending limit as long as your company has a good
    credit history and does not exceed its balance
    too frequently then this wont pose much of a
    problem.

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Things You Should Look Out For
  • Ultimately, the best cards for you and your
    company will depend on what you need in terms of
    rewards and perks, as well as whether you are
    looking for a specific sign-up bonus. But if
    youre looking for some of the best business
    cards out there today, these stand out from the
    rest Chase Ink Business Cash Card If your
    credit score falls within the high end of good,
    this might be one of your best options. It gives
    cash back on all purchases made within your first
    year after opening an account. After that, it
    offers cash back. However, thats still better
    than many other choices on the market today.

Consider the following when applying for a small
business credit card Ease of use Business cards
often have terms that are more straightforward to
understand than their consumer counterparts. The
terms on most traditional cards are standardized
and governed by federal law, meaning you should
know how much your interest rate will be, how
late you can make payments, and what protections
the issuer provides you in case something happens
to your account. A good resource for comparison
may be this chart from American Express that
details which types of coverage they offer on
their cards. Just note that some companies like
fore see able resource group offer different
levels of customer service depending on which
type of card they issue so its important to ask
them about this before making a decision.
6
Contact Us
  • Address - 710 Buffalo St. Ste. 802 Corpus
    Christi, Texas 78401
  • Email - info_at_foreseeableresourcegroup.com
  • Phone - (361) 748-0711
  • Website - https//foreseeableresourcegroup.com/
  • Blog - https//foreseeableresourcegroup.com/what-e
    xactly-is-a-small-business-credit-card/
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