Should You Get a Business Credit Card?
If you have decided to make blogging a business venture, you might be considering obtaining a business credit card. There are many perks to having a business credit card, but you also need to be careful when selecting one in order to make sure you are getting the card that will serve you and your business the best.
Perks of Having a Business Credit Card
Many people are frightened by the thought of getting a business credit card. After all, credit cards have earned a bad name because many people have managed to dig themselves into a significant amount of debt with their credit cards. If used responsibly, however, a business credit card can provide you with all of the following perks:
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Make you appear more professional to your clients because having a credit card makes you look like an established business
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Provide you with a free form of advertisement since you can put your company name and logo on a business credit card
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Help you keep your business expenses separate from your personal expenses, which is particularly helpful at tax time
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Allow you to give cards to your employees or business partners while still being able to monitor their spending and placing separate credit limits on different cards
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Make it possible for you to get a quick business loan if needed to help take your business to the next level
While using a business credit card irresponsibly can certainly lead to an overwhelming amount of debt, using it wisely can help you take your business to the next level.
Picking the Perfect Business Credit Card
There are many factors you should consider when selecting a business credit card. One of the most important factors you should consider is the interest rate on the credit card. This is particularly important if you plan to use the card to help you get your business going rather than obtaining a traditional business loan from a bank. In this case, you want to find the card that will offer you the lowest interest rate possible. In fact, if you are applying for a new card, you should also look into the various introductory rates offered by business credit cards. You may be able to find one that will offer a 0% APR or a very low interest rate for the first several months.
If you don’t plan on borrowing against the credit card and carrying a balance from one billing cycle to the next, the interest rate may not be your biggest concern. In this case, you should look for a card that offers attractive benefits to its cardholders, such as discounts at certain stores or insurance coverage. You might also want to consider obtaining a business credit card with a rewards program, which can actually help you make money from the credit card if you pay it off at the end of each billing cycle in order to avoid paying finance charges.
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[...] Credit For Everyone – wrote an interesting post today onHere’s a quick excerptShould You Get a Business Credit Card? Nov.13, 2008 in Finance, business Leave a Comment If you have decided to make blogging a business venture, you might be considering obtaining a business credit card. There are many perks to having a business credit card, but you also need to be careful when selecting one in order to make sure you are getting the card that will serve you and your […] Share and Enjoy: Tags: Advertising, banking, bills, blog, Blogging, blogs, business, credi [...]
Hey Larry, a business credit card can be extremely beneficial for all the reasons you mentioned, as lomg as you are indeed responsible.
Also be very careful to choose a responsible/reliable company from which you will get this card….lots of credit scammers out there.
Dennis Edells last blog post..We Will Stay Do-Follow, But…
I agree, with times the way they are, there are scammers out there trying to take advantage. I use mine at times, but only When I know I will get my investment back in 30 days or less. Then I pay it off immediately
The times now are just making it worse. Credit card scammers in general have been rampant for years.
Dennis Edells last blog post..We Will Stay Do-Follow, But…
Well, Larry. I started to use my business credit card since 5 years ago and until now, I haven’t encountered any credit card frauds…
Maybe I’m just lucky or what?!
wilhb81s last blog post..Make Some Comparison Before You Paying Off!
@Wilhb81 No you are not lucky, You just know what you are doing and how to protect yourself from fraud
I’m thinking PayPal cc would be the best way to go for this one…I mean they already know about money transactions on the web.
Calebs last blog post..3 Basic Principles In Internet Marketing
Business credit cards are great, because they often have a better reward program than consumer credit cards and your credit card balance is not reported on your personal credit report.
Never experienced any credit card fraud in the many years I have used business credit cards either.
Great advice and tips. I’ve never really thought about it like that. Im always scared about opening any new credit cards but definitely see the advantages of using a business card.
Matt Helphreys last blog post..The Money Spot is Above the Fold
I think credit card can be both good and bad but it depends on how well or how badly you as the card owner manages or mis-manages it. I guess you can be master or victim.
5 Ways Credit Cards Help Your Business Move Forward
Peter Lee
work at home ideass last blog post..Discover 10 Wordpress Plugins That Make Readers Repeat Visitors
I think I don’t need business credit card
Hostings last blog post..Lypha.com
Just came across your post. I found it informative for me and I’m sure many others. I did also have small trouble subscribing to the blog but figured it out; I’m still a 2-finger typist
. Thank you and keep your blogging spirit going strong.
great – welcome on board!
Business Cards or maybe credit card, still it’s the same card that provides service to the public. I would say fraud is everywhere tho you use business card nor credit card.
There are plenty of scammers nowadays that’s why i tend check everything first before i go into business. Business card are very helpful most specially for travellers who often travel a lot. Business card are very useful though this is really not far different with a credit card but still there are plenty of benefits you can get.