What Does it means of Bussiness Credit Card ? A business credit card might a be good option if you are a business owner looking to streamline your accounts management. Here are some factors to consider when choosing a business credit card.
Look At The Interest Rate
One of the most important issues is the annual percentage rate (APR). This is the interest that lenders charged on any outstanding debt. The APR varies considerably between lenders, so it is worth shopping around for one that you find acceptable. You should also pay attention to the interest rate for cash withdrawals. As with personal credit cards, the APR on cash withdrawals can be very high. This is worth considering if you intend to use your business credit card to withdraw cash.
Check Out The Fees
Some business credit cards charge annual fees. These can range from around £20 to as much as £75. However, there are still some business credit cards that do not have a fee, so it is worth considering these if the other factors meet your requirements. Another fee to consider is the application fee. It may be worth searching for a credit card provider who will waive this fee.
The amount of credit you will get and the repayment period are crucial aspects for managing your business. You'll want to get as long a grace period (interest-free period) as possible.
Business Or Personal?
Like personal credit cards, some business credit cards also offer rewards. These can be points that can be applied to purchases or useful rewards such as air miles or travel points of some sort. However, the range of rewards for personal credit cards is far greater.
Some business owners may be tempted to manage their business spending via a personal credit card, but this is best avoided for three reasons. First, the credit limit given will not match the kind of credit limit a business credit card might get. Second, the interest rates and repayment periods on business credit cards are designed to help with business cash flow. Third, if you find yourself in debt, any spending on a personal credit card is your personal liability. In comparison, spending on a business credit card is charged to the business rather than an individual.
Credit Or Charge?
Business owners also have other options for managing their finances. Some can choose debit cards. This will mean that there is no line of credit and business owners can only spend what is in the business account.
Another option is a business charge card. Like a credit card, there is often a fee for having a charge card, but there is no APR and no minimum repayment. This is because any spending on the charge card must be repaid in full at the end of the pay period.
Whichever option business owners go for, there are a number of good reasons to use a card for managing business expenses. This can be especially useful for businesses with a lot of employees as they can use a business credit card to track expenses and cut down on in-house accountancy.
About The Author
Joe Kenny writes for the Personal Loans Store, allowing visitors to compare loans and also focuses on personal loans in the UK.
Visit Today: http://www.ukpersonalloanstore.co.uk
Tuesday, July 24, 2007
Choosing The Right Business Credit Card
Thursday, July 12, 2007
Gas Credit Cards - Detailed Descriptions and Benefits
The people owning a car face similar problems like increase in cost of fuels etc. But now, the banks have introduced a lot of new credit cards which will help us to cut down on overhead expenses in gas mileage. Most of the credit card rewards are taking on a greener hue. The gas rebate credit cards are becoming more popular because of today's high gas prices. And also because of the widening field of competitors the card issuers want to seize attention. To attract customers, they often introducing new cards with specific offers. Likewise there are also some specific gas credit cards have been introduced. Let's see some of the Gas Credit Cards issued by worldwide banks for the benefits of their customers. We can also go ahead with the detailed description of the Gas Credit Cards and their comparisons.
Discover® Open Road Card This Card offers 0% Intro APR for purchases and balance transfers for 12 months, full 5% cashback bonus on gas and auto maintenance purchases and up to 1% cashback bonus on all other purchases automatically. Unlimited cash rewards that never expire, no Annual Fee, $0 fraud liability guarantee, easiest online account management options. The Card users can double their cashback bonus (turn $20 into $40) when they redeem for gift cards or certificates from many of the associated 70 brand name partners.
BP Visa® Rewards Card This card offers 5% rebates on all participating BP location purchases and 2% rebates on all eligible travel and dining purchases. And also 1% rebates on all other eligible purchases. There's no limit on rebates and redeem every $25 rebates for: BP Gift Card, cash, donation to the Conservation Fund.
The GM Business Card from Chase The Card users can get 3% earnings on fuel purchases at the pump, at restaurants, office supply stores and at authorized GM dealers on GM parts and service, This card also offers 1% earnings on all other credit card purchases. There's no caps and no Limits. Unlike most other reward cards there are no caps placed on earnings and earnings are not limited to specific GM vehicles. The earnings are valid for 5 full years and can be redeemed toward the latest Chevrolet, GMC, Pontiac, Buick, Cadillac, Saturn or Hummer vehicles.
The card user can accelerate his earnings with free cards for each of their employees. The customer can get a $600 statement credit every time the user purchase or lease an eligible new GM vehicle through the GM Business Choice program. New online tools such as deliver vital business management capabilities including the ability to manage financial data, set email alerts, conduct spending analysis and manage changes to user's account and download reports.
Chase BP Visa® Rewards Card This card provide earnings up to 10% in introductory rebates and also gives the ability to earn up to 5% in rebates, rebates and redemption. There's no limit to the amount of rebates the card user can earn. Every time the customer can accumulate at least $25 in rebates and the customer can decide how and when to redeem their reward. The customers can redeem their choice of a BP Gift Card or a check made payable to them and a donation to The Conservation Fund.
All new Credit Card offers available at, http://jaganbabuv.ecreditdirectory.com
Article Source: http://EzineArticles.com/?expert=Jagan_Babu_Vasudevan
Wednesday, July 4, 2007
A Business Credit Card is More than a Convenience
A business credit card can also make sure you track every expense. It's easy to pay cash and then forget to include that expense. The card tracks the expenses and provides a paper trail as well.
For some expenses like car rentals and hotels it's mandatory to have a credit card.
A credit card can help with emergency situations and unforeseen expenses. It can also help balance out expenses that you pay once a year, allowing you to break the payments into monthly more easily managed payments. A credit card can smooth out cyclical or seasonal expenses as well. If you know that you have very busy sales months in the summer but won't get paid until September, a credit card can help your business obtain the necessary products, materials and inventory without using vital cash resources.
Business credit cards have a bit of a down side, it's all too easy to pay for things with your card and run up a tidy bill. It can also be tempting to use the business card to pay for personal items.
What type of credit card you acquire is dependent on your business's credit profile and your own. If your company is a start-up it's doubtful you can obtain a card with a huge credit limit. If you pay off your credit card every month you should probably look for one that offers rewards. However if you know you're going to carry a balance from month to month, at least part of the year, then a low interest rate is more important than a rewards program.
As your company grows and maintains a good payment history, the limit will increase. Prompt payment on your business credit card account also demonstrates a responsible attitude and that can help you get bank financing in the future.
Do you need a small business loan, credit card, or grant? Want to know about other ways to finance your business? Find out more at 58 Ways to Find Money for Your Business
About The Authors
Brian Hill and Dee Power have written several nonfiction books including Business Plan Basics, ” Inside Secrets to Venture Capital" and “Attracting Capital From Angels,” Reach them through The Capital Connection
Article Source: http://EzineArticles.com/?expert=Dee_Power