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Zhi Finance » The Value of Business Credit Cards

The Value of Business Credit Cards

Of all the many types of credit cards available, the most underrated is the value of a business credit card. Many people do not choose to apply for a business credit card because it seems complicated to use, except for the fact that there is a clear target market – business owners or corporate executives. While a business credit card has more requirements and higher interest rates than other types of credit cards, contrary to popular belief, it can be very useful if used properly.

What is a business credit card?

Basically, a business credit card is designed for business people to spend money. Compared to regular credit cards, business credit cards have high limits and low interest rates. Depending on the option chosen, a business credit card may also bring a lot of automatic benefits.

Since it is aimed at businessmen or those who are moving towards establishing a business, business credit cards can definitely benefit these small businesses. A business credit card can help a newly established business by extending the payment time while improving cash flow. In addition to having a reliable credit card image, business credit cards also boast having detailed reports and providing excellent customer service as their main hallmarks.

In addition to having limits and low interest rates, business credit cards offer many alternatives and many credit options for small businesses. Business credit cards are also available for larger businesses to help those who are starting their own businesses grow while closely monitoring the baseline of credit.

Simplifying Business Credit Cards

When a person applies for a credit card, they really have to go to the bank to get all their immediate inquiries answered. However, because business credit cards are for business people who are always on the go, many business credit card issuers offer online applications for business credit cards. When a person applies for a business credit card, there is no need to go to the bank. There is also no need to wait in line just to talk to a bank representative. When you apply for a business credit card online, all you have to do is choose the business credit card option that perfectly fits your small business or corporate credit requirements from the comfort of your home or office. In addition to offering a safe, secure and simple process designed to help you take care of your starting business, most online business credit cards offer convenient features for business credit card holders, such as online payments and reporting. Customized company logos and access to instant cash can also be done online. Other online business credit cards offer detailed reporting features for easy monitoring and access.

Most business credit card applications offer a free fee for the first year, with no pre-set spending limits or finance charges. Other business credit cards offer viable membership rewards programs that enable the member to earn points to be used for travel, merchandise and other rewards for his or her business. Some of these business credit cards offer small businesses credit lines of up to $100,000 with APRs as low as prime + 1.99% on cash and check purchases, with 100% of the line available for cash, no collateral required. Business credit card holders or customers may receive fee-free checks and a card to access the account. Everyday or exclusive savings, fast approval, no annual fee, up to 5% rebate on all eligible purchases, and 0% introductory APR (Annual Percentage Rate) on purchases for the first six months of card membership are some of the great benefits of most commercial credit cards.

While most business credit card issuers offer great value offers, it’s important to first research what your business needs. Whether your business credit card is used to invest in inventory or just for payroll, it’s important to look for a flexible business credit card that can handle almost anything. Whether you choose to go directly to your bank or apply for a business credit card online, some of the major business credit card providers will help you find the right credit card product that is as easy and convenient as possible.