Small Business Credit Cards

Small businesses are the engine driving the U.S. economy. Yet every year, many of them fail for lack of funds. If you're a small business owner, you know the importance of having resources available. Credit cards provide the capital you need with terms you can afford. Here's how business credit cards can improve your financial situation as a small business.

Extend the cash flow

Most business credit cards allow you to extend your cash flow. You can use your card for the purchase of supplies, then how could you sell items or receive payments from customers, you can pay the balance. If you do so within the grace period, the card payment will be interest free. This allows you to buy things without dipping into other accounts.

Keep track of expenses

As a small business owner, it is essential to the recording of expenses. Business credit cards can help keep your business purchases separate from personal ones. Credit card statements will allow you to keep track of costs, report any prizes, and simplify tax preparation.

The purchase of large items

All businesses, especially start-ups, have initial expenses. They also have large, unexpected costs at certain moments. With a business card, you have access to an additional credit line. This can help you get through the ups and downs of cash flow and fluctuations in revenue business.

If you regularly carry a balance on your card, you can look into business credit cards that offer a low interest rate. In fact, many include a 0% APR or low introductory interest rate on balance transfers initial. By paying for the items with your credit card, you build your credit history. In this way will provide future economic benefits for the company.

Enjoy the fruits

Many companies link the reward programs for their credit cards. These prizes range from cash back incentives to travel rewards. The Advanta Platinum BusinessCard with Rewards and the Platinum card from American Express are just two of many options available.

The Advanta Platinum BusinessCard with Rewards offers a choice of rebates or rewards for business purchases. The rebate program offers a discount of 5% on many items related to businesses, including gasoline, computers and office supplies. A 1% discount is given for all other net purchases. The awards program allows you to earn one point for every dollar spent using the card. These points can be redeemed for travel rewards cards or prepaid bonus. The Advanta Platinum BusinessCard with Rewards has no annual fee and offers 0% introductory rate on balance transfers.

The American Express Platinum Business Card offers 0% APR for the first twelve months and no annual fee. It also includes two additional cards fee free. With the Business Platinum Card from American Express, you can earn points toward rewards from 20 airlines, 150 hotels, and some of the biggest names in shopping and entertainment.

As a small business owner, it is important to have access to different sources of capital. Business credit cards can provide the necessary funds, provided they can afford. And above all, business credit cards can earn extra rewards. Apply online for your card today, then enjoy the financial doors will open for your business.

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