Among the prime benefits of a business credit card is the absence of pre-set credit card limit. As a result, you can maximize your card purchasing power that you can use for supplies and other business related expenses. Most business credit cards also offer flexible payment terms. You can opt to pay in full every month or you can also choose to carry your balance overtime. However, if you pay in full, you can receive an interest-free credit that can last for up to 60 days. Another splendid advantage of this card is the preferential exchange rate that you can use every time you travel abroad.

How to compare business credit cards

Before you get a business card, make sure that you are well aware of your objectives and motivations. If you want to make use of your card as a long term financial resource, then you ought to consider the introductory offer and the standard APR. The usual introductory offers for a business credit card will be a Zero rate for the first twelve months of use. As for the standard APR offered, they will fall within the range of 8.99% to 18.99%. If you are planning to use your business credit card for more than a year, you should get the card which provides the lowest regular APR.

Other things that you might consider are the additional fees that may be applied to your card. This includes late payment charges, annual membership fees, over-the-limit fees, balance transfer rates, and more. Most business credit cards are limited to having balance transfer rates. For the first twelve months of use, the rate usually amounts to 3.99%. However, the rate can go as high as 14.99% after the first year.

If you are capable of paying off your credit card balance in full, then you might as well prioritize the rewards packages and services offered. A good business credit card will allow you to earn points for every dollar that you spend using the card. However, the best credit card will be the one which earns you double rewards or more for your business related expenses. You should also take into account the format of the expenditure statements on a monthly and annual basis.

Among the most popular business credit cards that you should check are the Advanta Platinum BusinessCard with Unlimited Rewards, the CitiBusiness® Card Platinum Select, the Advanta Platinum 90-Day Interest Free BusinessCard, the Capital One Business Platinum with Preferred No Hassle Miles, and the Blue for Business® from American Express.

No related posts.

The American Express OPEN program is a new financial network offered by American Express. It is specifically designed to cater to entrepreneurs who have small businesses. This program employs a business team that aims to find financial resources and other benefits that will definitely help small business owners in saving money and expanding their business opportunities.

American Express OPEN was created to support many business owners. The dedicated team of financers and creditors provides flexibility, purchasing power, control and various rewards for its customers. It helps small business customers to gain control over the products that they need, the tools that they use, and the services that they often utilize in their business processes. They provide convenient access to working capital matched with enhanced online account management capabilities.

In essence, you can avail of the prime offers of the OPEN program if you get Business Cards from American Express Small Business. In addition to that, you can also access the OPEN Savings program. This built-in feature allows the card holders to automatically save some of their money as rebates when making purchases with affiliated and participating companies.

The OPEN program is offered through a wide array of credit cards by the American Express Small Business system. These cards are designed differently in order to meet the various needs of entrepreneurs and business men when it comes to cash rebates, card benefits, airline mile rewards, travel rewards, and other privileges. For example, the OPEN program allows its card holders to save a lot on travel and hotel accommodation expenses with Delta and Hyatt Hotels and Resorts.

Among the most notable business cards under the American OPEN Small Business program is the American Express SimplyCash Business card. Through this card, you can earn a 5% cash rebate on your various business expenses such as office supplies, wireless services, and gas expenses. As for the other expenses that you charge, you will get a full 1% cash rebate. These cash backs and rebates will automatically be deducted from your monthly installments and interest rates.

The American Express SimplyCash Business Card also provides you with flexible payment terms. You can pay in full every month, or you can also opt to carry your balance from one month to the next. Aside from the rebates and rewards, what’s good about this card is the fact that you can easily track all of your business expenses through the use of the online account manager which has expenses reporting options.

No related posts.

Chase Business Rebate Card

This Visa powered card is considered to be the most popular in the cash-back category of business credit cards. It is recommended for people who have really good FICO scores and are looking to merge business related expenses in one credit card.

The program lets members earn a maximum of 3% back from all business purchases. The good thing here is that there is no annual fee. You are entitled to get 3% cash back with your purchases from any of the following:

• Restaurants
• Gas stations
• Office supply stores
• Building supply stores
• Home improvement centers
• Hardware stores

Furthermore, you get to have a 1% rebate for other purchases which weren’t mentioned above. Other benefits include:

• Purchase protection plan
• Auto rental insurance
• Travel accident insurance

This can benefit you if you’re the type who could pay in full every month even after the expiration of the introductory rate. This is also suited for those who plan to take advantage of the card’s reward program.

Starwood Preferred Guest Card

This is considered to be the most popular in the business reward card category. If you are traveling quite often to various destinations and countries, this would be the card for you due to its hotel reward system. You can get more savings along with bonuses out of your expenses and business trips. You also instantly get 10,000 Starpoints on the very first time that you use your card. These points are equivalent to a 3 nights hotel stay. Starwood has a 14.99% APR only but they also have a super low introductory APR that is good for 6 months, which only charges 2.9%.

Capital One Platinum

This card reigns in the category of being the best card that you can build your credit history with. It is highly recommended for those that have fair credit. This is recommended for people that are searching for a business credit card to improve their credit profile. They have 0% APR until October 2009 and they do not charge any annual fees and you can have a year-end summary report for free!

No related posts.