Take Advantage of Low Interest Credit Cards for Small Business

When a small business owner uses a business credit card, business expenses are completely separated from personal expenses so that managing finances becomes easy.  This is very important as the business grows and expenses become bigger.  Having two separate accounts for personal and business purposes eliminates confusion.

Another benefit is that as you spend with your business credit card, you are also building your business credit at the same time.  After a year of consistent credit card use and timely payment, a business has already built a solid credit standing.

An excellent business credit will prove to be indispensible as the business needs financial support from banks and lenders by means of small business loans.  Take note that you can only qualify for an unsecured business loan if you have an impressive corporate credit.

0 Interest Credit Cards for Small Business

Some business credit cards offer 0% APR as part of its introductory offer.  The zero interest may be applicable to purchases or balance transfers or both.  If your credit card offers 0% APR on purchases, you can conveniently pay off your charges in instalments and carry a balance in your account without incurring the additional interest rate cost.

However, business owners must remember that the zero interest will not last forever.  You can only enjoy for a given period which could be 6 months to 12 months, depending on your business credit card.  To enjoy the most benefit, be sure to pay off your charges before the zero interest period ends.

[Article: Low Interest Credit Cards- Are They For Real?]

Don’t forget to consider what the regular interest rate would be when the introductory rate expires.  Aside from the rate, check out the rest of the fees associated with your business credit card as well.  Before applying for a zero-rate business credit card, see to it that you have read and understood the complete Terms and Conditions.

Business credit cards with the lowest interest rates are usually offered only for customers with good to excellent credit standing.  If you have bad credit, you might not be able to qualify for the zero rate. Therefore, be sure to check the issuer’s credit requirement before submitting your credit card application.  Keep in mind that if you get declined, your credit score may drop by a number of points.

[Article:  Tips To Keep Your Credit Card Interest Rate At 0%]

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.

1 Comment
  1. •“You really know your stuff… Keep up the good work!”

Leave a reply

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.

Privacy Policy Terms of Use

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

Business Loans

Consumer Loans

New Horizon
Logo
Enable registration in settings - general