You may have watched your mama use a credit card many times at the grocery store, at the mall, or paying for gas at the local convenient store. But, did she ever explain to you the difference between a personal credit card and a business credit card or anything at all about a business credit card?
To begin with, you can use your business credit for any business purchase that accepts credit cards just like a personal credit card. So, they are the same in the way that you can purchase items. But, a business credit card is issued based on the company's credit rating instead of your own personal credit rating. Business credit cards also have different spending controls such as restricting the usage for different types of trade categories or even cash withdraws from an ATM machine.
A business credit card also comes with management information and reporting services to help you run your business effectively and also know where the money is being spent.
Many business credit cards also have some other great features that personal credit cards holders do not get the benefit of which includes insurance and discounts that are relevant to your business.
There are also more benefits when using a business credit card that a personal credit card does not give to their bearers. They not only benefit the company itself, but also the card holder. These benefits include, a business credit card is safer to carry than cash, are cheaper than making bank transfers or sending checks, allows the company to control the spending of each cardholder, and can also consolidate payments. When you think of these benefits, you will realize that a business credit card can save your company money and give your employees that need the money to function better in their roles as partners, sales persons or just spokes persons for your company.
For management, a business credit card will give you more information so you can analyze the way your company spends money, help with budgeting, help identify savings opportunities, and even negotiate better rates with your suppliers, while helping you enforce your business outgoing funds and your preferred supplier policies.
There are many ways in which a business credit card holder can use their credit card. For traveling, a business credit card can be used at hotels, restaurants, car rental agencies, train stations, airlines, travel agency charges, foreign currency and travelers checks. For driving, a business credit card can be used for fuel, servicing, repairs, congestion charges and fines. For telephony a business credit card can be used for mobile phones, and business telephone bills and calling cards. Around the office a business credit card can be used to purchase stationary and office supplies, including office or business equipment. Retail business purchases can also be made with a business credit including not only local retail stores, but also mail order, telephone and internet purchases. You can even receive cash withdraws through your bank or ATM machine if authorized by the company.
About the Author
Nidhi mathur writes for What Your Mama Never Told You About Business Credit Cards .
Sunday, November 25, 2007
Which Business Credit Cards with Reward are the Best?
Thinking of applying for a credit card with a reward program to help you and your business? Here is a brief guide to some of the best programs on the internet.
The Platinum Business Credit Card with rewards from American Express is a great offer. It has a introductory 0% APR, and has a low 4.99% fixed rate for balance transfers made within the first 45 days. Perfect for those with good credit, you can get a decision within 60 seconds, when you apply online.
Citibank also offers great business credit cards with rewards that could help you and your business. The CitiBusiness Card, like the Platinum Business Credit Card, offers qualified applicants a low introductory rate and no annual fee. This card is perfect if you are thinking of transferring your balance as it will give you a low interest rate. It also offers a great credit line, which will let you make purchases for your business.
If you are looking for a credit card to help you better manage your business expenses, the Advanta Platinum Business Card might be just what you are looking for. It has a credit line of up to $50,000.00, a low APR for up to twelve months, and gives you a customized credit card, with your business name on it. Likewise, the Advanta Platinum with Cash Back Rewards has the same great advantages of the Platinum Business Card, but with added rewards, like a choice of 5% cash back or travel related reward points. It also has a no-interest APR, but with this card, the introductory period lasts for fifteen months, giving you an extended opportunity to save even more money for your business.
There are many business credit cards with rewards on the market, which offer great rewards plans for both small businesses and large corporations. All you need to do is to decide which ones to apply for!
Jeff Lakie is the founder of Credit Card Resources a website providing information on credit cards.
The Platinum Business Credit Card with rewards from American Express is a great offer. It has a introductory 0% APR, and has a low 4.99% fixed rate for balance transfers made within the first 45 days. Perfect for those with good credit, you can get a decision within 60 seconds, when you apply online.
Citibank also offers great business credit cards with rewards that could help you and your business. The CitiBusiness Card, like the Platinum Business Credit Card, offers qualified applicants a low introductory rate and no annual fee. This card is perfect if you are thinking of transferring your balance as it will give you a low interest rate. It also offers a great credit line, which will let you make purchases for your business.
If you are looking for a credit card to help you better manage your business expenses, the Advanta Platinum Business Card might be just what you are looking for. It has a credit line of up to $50,000.00, a low APR for up to twelve months, and gives you a customized credit card, with your business name on it. Likewise, the Advanta Platinum with Cash Back Rewards has the same great advantages of the Platinum Business Card, but with added rewards, like a choice of 5% cash back or travel related reward points. It also has a no-interest APR, but with this card, the introductory period lasts for fifteen months, giving you an extended opportunity to save even more money for your business.
There are many business credit cards with rewards on the market, which offer great rewards plans for both small businesses and large corporations. All you need to do is to decide which ones to apply for!
Jeff Lakie is the founder of Credit Card Resources a website providing information on credit cards.
Why Credit Cards?
Why do you need credit cards? What is the purpose of having a major credit card? Can I control my spending if I apply for a major credit card? Notice this piece started out with questions, which I feel are three of the most important question anyone should ask, seeking a credit card. If you do not ask these questions before a applying for a credit card, guess what you will be saying later. Why did I apply for a credit card? What was my purpose? I wish I could have controlled my spending. This may or may not happen, but if you are searching for a credit card, you may want to ask your self-first, why you need a credit card.
Credit cards include Visa, MasterCard, Citi Cards, HSBC cards, American Express, and other types of cards. If you are searching for a credit card, you will need to understand what companies manufacture the credit cards, since some companies are replicating, taking people for a ride. You will also need to know the difference between Fixed Rate cards and Variable Rate cards. The Fixed Rate cards rarely change their APR, which is very important, while the Variable Rates are subject to change anytime they feel needed. The APR or Annual Percentage Rates are often steep on most credit cards anyway, but for the most part you will need to learn the difference between Variables and Fixed to avoid extra charges.
APR rates can start at 9.99% up to 17.99% and sometimes higher. It depends on your situation, but for the most part many card offers have the same rates. If you have no credit then you really need to research the marketplace carefully, since most card providers will consider you a risk. If you have bad credit, you will also need to search the marketplace carefully, since most cards for high-risk consumers have high upfront fees, plus high APR, and other fees.
The grace period is ESSENTAIL, since if you go over the grace period you are subject to additional charges. The grace period can extend to '25' days, sometimes 20 days, and rarely more than 30 days. If you find a card with low interest rates and fees, with a grace period of 30 days, then hop on it. You are the lucky one, since these cards are next to impossible to get.
Annual rates are also important, simply because some card providers charge nominal fees for providing the card to the client. Many cards offer 0% APR and no annual fees. Be carefully that you read the Terms & Conditions carefully, since companies are on the marketplace misleading millions.
Balance Transferring is another issue you want to compare and consider. The transfers can run into high charges if you are not careful. Again, you want to remember your purpose of getting a credit card in the first place, and if that purpose is to provide you security, then the balance transfer is part of that purpose to consider. Some companies charge high APR on balance transferring.
Statements You will also need to keep track of your statement if you are accepted for a credit card. The statement is important since it will show you the balance, APR, and any other details relative to your dues. If you notice any wrongful activity, it is important to file a report against the card providers immediately.
Limits There are limits on credit cards. This is another area you want to be careful, since if you go beyond the cards limit, then you are subject to pay charges. Most credit card companies are like anyone else in the world, they are out to make profit. If you feel you have gone over your limit, be prepared to pay, since many companies will not allow room for time.
Late Charges Credit card providers also charge 'late fees' against credit cards. If you feel you cannot make the full payment on time, try to at least make the minimal payment. The minimal payment will save you from late charges, but it will not save you from additional charges, known as APR.
About the author:
Tony Robinson is a careful and experienced credit card user, He is also a Webmaster and International Author. Check out his credit card tips at http://www.ezy-credit-card.com/
Credit cards include Visa, MasterCard, Citi Cards, HSBC cards, American Express, and other types of cards. If you are searching for a credit card, you will need to understand what companies manufacture the credit cards, since some companies are replicating, taking people for a ride. You will also need to know the difference between Fixed Rate cards and Variable Rate cards. The Fixed Rate cards rarely change their APR, which is very important, while the Variable Rates are subject to change anytime they feel needed. The APR or Annual Percentage Rates are often steep on most credit cards anyway, but for the most part you will need to learn the difference between Variables and Fixed to avoid extra charges.
APR rates can start at 9.99% up to 17.99% and sometimes higher. It depends on your situation, but for the most part many card offers have the same rates. If you have no credit then you really need to research the marketplace carefully, since most card providers will consider you a risk. If you have bad credit, you will also need to search the marketplace carefully, since most cards for high-risk consumers have high upfront fees, plus high APR, and other fees.
The grace period is ESSENTAIL, since if you go over the grace period you are subject to additional charges. The grace period can extend to '25' days, sometimes 20 days, and rarely more than 30 days. If you find a card with low interest rates and fees, with a grace period of 30 days, then hop on it. You are the lucky one, since these cards are next to impossible to get.
Annual rates are also important, simply because some card providers charge nominal fees for providing the card to the client. Many cards offer 0% APR and no annual fees. Be carefully that you read the Terms & Conditions carefully, since companies are on the marketplace misleading millions.
Balance Transferring is another issue you want to compare and consider. The transfers can run into high charges if you are not careful. Again, you want to remember your purpose of getting a credit card in the first place, and if that purpose is to provide you security, then the balance transfer is part of that purpose to consider. Some companies charge high APR on balance transferring.
Statements You will also need to keep track of your statement if you are accepted for a credit card. The statement is important since it will show you the balance, APR, and any other details relative to your dues. If you notice any wrongful activity, it is important to file a report against the card providers immediately.
Limits There are limits on credit cards. This is another area you want to be careful, since if you go beyond the cards limit, then you are subject to pay charges. Most credit card companies are like anyone else in the world, they are out to make profit. If you feel you have gone over your limit, be prepared to pay, since many companies will not allow room for time.
Late Charges Credit card providers also charge 'late fees' against credit cards. If you feel you cannot make the full payment on time, try to at least make the minimal payment. The minimal payment will save you from late charges, but it will not save you from additional charges, known as APR.
About the author:
Tony Robinson is a careful and experienced credit card user, He is also a Webmaster and International Author. Check out his credit card tips at http://www.ezy-credit-card.com/
Why Credit Cards are a Bad Idea
Credit cards are just so convenient, aren't they? There's no need to carry any money with you ever again: you can just take one with you to the shop and pay the exact amount just by handing it over. If you haven't been paid yet, then you don't need to worry, because the money will still be there.
When you shop on the Internet or over the phone, it's the only good way to do it – what else are you going to do, post a cheque? Like anything convenient, though, credit cards have a flip side – in fact, they have lots.
Can You Keep Track?
When you walk into that shop and hand over the card, the money is taken from the card, and the card goes back into your wallet. You still have all the things you started with – there's no less money in your purse or wallet to remind you of what you've spent.
Everyone has a tendency to underestimate what they spend, and smaller amounts can add up quickly on a credit card without you even noticing. It's like taking the way phone bills work and applying it to everything you buy – and that can't be a good idea.
Money For Nothing.
Using credit cards is a great way of losing a percentage of your income to a credit card company in exchange for nothing. The moment you run a balance, you're paying them interest. Not only that, but you're paying your credit card bill as soon as you get your wages, so you don't have the chance to earn any interest on them from your bank. When you think about it, you're losing out twice over – and for what?
Designed to Keep You in Debt.
Your credit cards are trying to keep you using them and paying interest. You will find it very difficult to pay off all your credit cards once you have them. The company will do everything they can to stop you paying before you've paid them lots of interest. The more debt you show you can pay back, the more they'll try to offer you, until they get you to the point where you can't pay.
The Lie in the Name.
Credit cards are called credit cards to avoid saying what they really are: debt! You will do much better in all things connected to credit cards if you always remember this simple mantra: credit cards are debt cards. Use the word debt as often as you can whenever you talk about credit cards.
But Sometimes You Can't Avoid Them.
When you need money in an emergency and you just don't have any, there's no doubting that credit cards can be useful. They are also a very useful way of proving to credit rating agencies that you can handle debt, and this will be taken into consideration when you apply for car loans or a mortgage.
Just remember that whenever you handle credit cards, you're playing with fire. Do everything you can to keep your use of them to a minimum, and you'll have a much better financial life.
About the Author
Ken Austin is the webmaster at Debt Consolidation Information and Credit Card Debt Relief
When you shop on the Internet or over the phone, it's the only good way to do it – what else are you going to do, post a cheque? Like anything convenient, though, credit cards have a flip side – in fact, they have lots.
Can You Keep Track?
When you walk into that shop and hand over the card, the money is taken from the card, and the card goes back into your wallet. You still have all the things you started with – there's no less money in your purse or wallet to remind you of what you've spent.
Everyone has a tendency to underestimate what they spend, and smaller amounts can add up quickly on a credit card without you even noticing. It's like taking the way phone bills work and applying it to everything you buy – and that can't be a good idea.
Money For Nothing.
Using credit cards is a great way of losing a percentage of your income to a credit card company in exchange for nothing. The moment you run a balance, you're paying them interest. Not only that, but you're paying your credit card bill as soon as you get your wages, so you don't have the chance to earn any interest on them from your bank. When you think about it, you're losing out twice over – and for what?
Designed to Keep You in Debt.
Your credit cards are trying to keep you using them and paying interest. You will find it very difficult to pay off all your credit cards once you have them. The company will do everything they can to stop you paying before you've paid them lots of interest. The more debt you show you can pay back, the more they'll try to offer you, until they get you to the point where you can't pay.
The Lie in the Name.
Credit cards are called credit cards to avoid saying what they really are: debt! You will do much better in all things connected to credit cards if you always remember this simple mantra: credit cards are debt cards. Use the word debt as often as you can whenever you talk about credit cards.
But Sometimes You Can't Avoid Them.
When you need money in an emergency and you just don't have any, there's no doubting that credit cards can be useful. They are also a very useful way of proving to credit rating agencies that you can handle debt, and this will be taken into consideration when you apply for car loans or a mortgage.
Just remember that whenever you handle credit cards, you're playing with fire. Do everything you can to keep your use of them to a minimum, and you'll have a much better financial life.
About the Author
Ken Austin is the webmaster at Debt Consolidation Information and Credit Card Debt Relief
Why do we need credit cards?
Why do we need credit cards?
In the world today a credit card has become very valuable, and for many different reasons. More buying power, isn't that what we all want? With a credit card that is exactly what you get. How often is it that your finances just won't allow for a big purchase or you experience financial hardship? Credit Cards provide you with an alternative method of payment.
It can also be used as a way for secure traveling. For instance say you are traveling or on vacation and your wallet is stolen, if you were to be carrying a large amount of cash it would be gone forever. With a credit card in your wallet all you need to do is notify the issuer of the credit card and they can instantly cancel the credit cards and issue you a new one.
Would you like an interest free loan? Here is how to get one. Simply charge your credit card the amount needed. Then pay off the entire balance before the due date, or before the interest is applied.
Security of credit cards have become state of the art with today's encryption technology companies are going to great lengths to protect and ensure your privacy. So that someone cannot simply steal your personal identity and credit card information. This is allowing us to use the internet for one of its main purposes, shopping and making our lives just a little more convenient. Also, if you have a credit card it gives you the choice to carry less cash on hand but still have the ability to afford those little or sometimes not so little unexpected expenditures.
However the largest benefit of having a credit card is all building your credit score, repairing your credit, or getting your credit in the best state possible. This is another way to prepare yourself and your credit score for future purchases such as a home, car etc.
This article has been written by SueAnna Naase for CardAccount.com. To see many different types of credit cards to suit your personal needs visit www.cardaccount.com
About the author:
SueAnna is writing for cardaccount.com and has had several years of expeirence in the credit and finance fields.
In the world today a credit card has become very valuable, and for many different reasons. More buying power, isn't that what we all want? With a credit card that is exactly what you get. How often is it that your finances just won't allow for a big purchase or you experience financial hardship? Credit Cards provide you with an alternative method of payment.
It can also be used as a way for secure traveling. For instance say you are traveling or on vacation and your wallet is stolen, if you were to be carrying a large amount of cash it would be gone forever. With a credit card in your wallet all you need to do is notify the issuer of the credit card and they can instantly cancel the credit cards and issue you a new one.
Would you like an interest free loan? Here is how to get one. Simply charge your credit card the amount needed. Then pay off the entire balance before the due date, or before the interest is applied.
Security of credit cards have become state of the art with today's encryption technology companies are going to great lengths to protect and ensure your privacy. So that someone cannot simply steal your personal identity and credit card information. This is allowing us to use the internet for one of its main purposes, shopping and making our lives just a little more convenient. Also, if you have a credit card it gives you the choice to carry less cash on hand but still have the ability to afford those little or sometimes not so little unexpected expenditures.
However the largest benefit of having a credit card is all building your credit score, repairing your credit, or getting your credit in the best state possible. This is another way to prepare yourself and your credit score for future purchases such as a home, car etc.
This article has been written by SueAnna Naase for CardAccount.com. To see many different types of credit cards to suit your personal needs visit www.cardaccount.com
About the author:
SueAnna is writing for cardaccount.com and has had several years of expeirence in the credit and finance fields.
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