Credit Card for Your Business

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Cards for Business » Credit Card for Your Business

Credit Card for Your Business

The content is accurate at the time of publication and is subject to change.

Anyone would like to run his own business and be the boss of his own. Starting up a business has never been easy and it takes a great deal of knowledge and business skill to succeed. As they say great things come from small beginnings and so is a business.

Let`s admit it or not, the more capital a businessman has the greater his potentials are. But not all businessmen have all the needed capital for business improvement and expansion. One way to expand a business is starting to build a good foundation and relationship with his bank.

It has been found out that two-third of small businesses are now integrating the use of credit card. It might not be beneficial to you for now but as time pass by, you`ll get to know and experience the benefits of having one.

Why should credit cards be used in business? How would it help you with business expansion and improvement? Having a credit card which is properly managed helps one build a good reputation. When dues are paid on time, this adds up to a good credit score and a good credit score could be your passport to get approved of a loan you may use in expanding your business? Now, is it making sense?

Aside from that major benefit, it also prevents mixing up of your personal and business expenses that could later result to tax discrepancies. A good businessman should never let this two aspects be mixed up for you`d never know of your business is profiting or not.

Sign up for only one card. Having multiple cards may lead you to unreasonable spending that could in time hurt your credit score and the worse your business.

Try very hard not to use the cash advance program of your card. Cash advances incur high interest rates. Better save your cash advance credit for business emergency. If you have a business account debit account then use it instead.

Save time, gas and money by paying your business credit bills online and make on-time payments. Making it a habit to pay your balance in full every end of each month will do good on your credit score.

Shop around for as many places as you can but apply for just one card; that`s what a wise and responsible businessman should do. Use credit card on your business and enjoy its benefits.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related Research:

Top 5 Secured Credit Cards: September 2020 – Experts’ Choice

Top 5 Secured Credit Cards: September 2020 – Experts’ Choice

Posted: June 22, 2020

The COVID-19 pandemic has made significant changes not only in people’s lives and their financial standing but also in the entire financial sector of the U.S. We have collected the best secured card offers from our partners so that you can… Continue reading

Top 5 Soft Pull Credit Cards: September 2020 – Experts’ Choice

Top 5 Soft Pull Credit Cards: September 2020 – Experts’ Choice

Posted: June 3, 2020

When applying for a credit card, you definitely don’t want your credit score to go down. Here, you will find the best credit cards with a soft pull from our partners. An application for such cards won’t make changes to your credit history… Continue reading

Top 5 Store Credit Cards: September 2020 – Experts’ Choice

Top 5 Store Credit Cards: September 2020 – Experts’ Choice

Posted: May 30, 2020

We evaluated store credit cards offered by our partners to find the best store credit cards. They are often loaded with perks that will allow you to save on purchases at your favorite retailer. Plus, many store credit cards are available… Continue reading

You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!