SB Informer
Monday, June 19, 2006; 02:28 AM
Running a business is a popular alternative for people who have a dream
they need to fulfil or for people who have always just wanted to be
their own boss. Whether it’s a restaurant they want to open or a
landscaping company they want to launch, business credit cards ( http://www.creditcardassist.com/business/creditcards.html
) can be a smart way to get started financially. CreditCardAssist.com,
a leading credit card resource site, has provided a service for
business owners, offering them a wide array of free information, advice
and tips on how to get the most out of business credit cards.
Historically, business owners have typically used credit cards to
finance their businesses. Many entrepreneurs already have at least one
credit card in their wallet and they need only pull it out and get
started on their business venture. There is no need to deal with banks
or participate in a lengthy process for approval of a loan or line of
credit. While this has worked well for many entrepreneurs, there are
many reasons why a business credit card can be more useful to them.
One of the main reasons for using a business credit card is to keep
personal spending and business spending separate. While it seems
convenient to have one card for everything, when it comes time to do
taxes, it can be difficult to remember what expenses were business
expenses and what expenses were personal. It can help business owners
stay organized.
No business is too small for a business credit card. While this idea
keeps some people from obtaining a business credit card, they should
know that many business credit cards work best for companies with fewer
than ten employees and are geared toward small businesses.
Another reason to use a business credit card is that banks want
businesses. They are willing to work really hard to participate in many
business owners’ financial futures. This, in turn, reaps many benefits
for business owners.
Banks are willing to offer introductory interest rates of 0% to help
entrepreneurs get up and running. These periods usually last anywhere
from 6 months to a year and can really help business owners keep their
heads above water until profit starts rolling in.
Banks also offer lower interest rates generally for credit cards and
throw in other perks like business rewards and business discounts. With
business rewards, business owners can accumulate travel rewards, fuel
rewards, office supplies, or cash back. While the business credit cards
with the best business rewards will have a higher annual fee, the
benefits will outweigh the cost for many business owners, who can use
the rewards as a source of money and free travel, or as employee gifts
and bonuses. With business discounts, business owners can stand to save
a lot of money on supplies and services. These discounts are applied to
the balance of their credit card.
Business credit cards also offer the convenience of employee credit
cards. Banks offer additional cards to employees that, in turn, offer
complete control to business owners who can place special limits on
employee cards and monitor spending on the internet.
Business credit cards can be obtained using an entrepreneur’s personal
credit, which allows many people to obtain them quickly and easily.
They also normally have a higher credit limit when compared to consumer
credit cards. This gives business owners more freedom to buy the things
they need.
With all the options available with business credit card offers, using
one to its best advantage can be confusing. But CreditCardAssist.com
provides a wide variety of free information, tips and advice for small
business owners, offering the best opportunity to learn how to get the
most out of their business credit cards.
CreditCardAssist.com, based in Los Angeles, provides a wide variety of
free information, tips, and advice on business credit cards as well as
many other types of credit card offers. For more information, visit the
company's Web site at http://www.creditcardassist.com.
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