Smart Guide in Comparing Business Credit Card Deals

At first glance, all business credit card offers may seem the same. Each small business credit card may seem like worth keeping. But once you’ve taken a closer look, you may realize that some credit cards are not all suited for your business and that some may not be worth keeping at all. In this article, let us discuss the basic factors you should check on when choosing a business credit card.

Credit Card Review Sites Can Help You

You can use the keywords “business credit card reviews” to find a list of websites that offer reviews of different business credit cards in the market. Reading online reviews should give you a better idea about which issuers or business credit cards provide the best features and service.

Credit card review sites can also speed up your search for small business credit cards. Credit cards have been arranged and listed according to their categories so you can easily distinguish which business credit cards offer rewards, which ones do not have reward programs, and the specific type of reward program the card offers. Instead of hopping from one website to another, checking out review sites will enable you to compare and view potential business credit cards in just one page.

What Factors to Compare

What specific factors of a small business credit card should influence your decision? Of course, you want to find a card with the lowest possible interest rate. Nevertheless, a low APR does not always mean the best deal. Apart from the APR, you want to make sure that there are no hidden charges or unreasonable costs associated with the card.

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The best credit card for small business is one with no annual fees and with reasonable penalty charges. If you’re planning to get a business credit card with rewards, you want to be particularly aware about the annual fees, the late penalty fee, over-the-limit costs, and other transaction charges. Also, bear in mind that reward credit cards often carry much higher interest rates than their non-reward counterparts.

The features and services provided may vary from one issuer to another. Primarily, you want a business credit card issuer who can provide you with purchase protection and liability protection against fraud. Online account access and online banking option are two indispensable features that can help you monitor your account more conveniently. It would also help if you will be provided with quarterly and yearly account summaries that you can use as references for your yearly inventory or business tax filing.

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Another significant provision is the option to get employee cards or supplementary cards with pre-set spending limit at no extra charge. Thus, you can distribute extension credit cards to your selected employees and keep track of their spending as well. Finally, make sure that the issuer of your business credit card will report your payments to the business credit trackers such as Dun & Bradstreet so you can build-up a separate credit history for your company.

Elizabeth Roberts

Elizabeth Roberts

Liz Roberts and her team are continuously providing information to people who are ready to repair their credit and improve their credit score. Also NewHorizon.org team strives to empower the homebased and small business owners by bringing information that can help them to manage and grow their businesses. Let our 24+ years of business finance experience help you to get the financing you need! CONTACT US if need financing for your business.

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NHBS Inc © 2024

NewHorizon.org is an independent, advertising supported website. The owner of the site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. NewHorizon.org has not reviewed all available credit card offers in the marketplace.

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NHBS Inc © 2022

NewHorizon.org is an independent, advertising supported website. The owner of the site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. NewHorizon.org has not reviewed all available credit card offers in the marketplace.

Privacy Policy Terms of Use

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