Compare Top 1. 2 Small Business Offers 2. So many decisions, so little time. Such is the fate of the small- business owner who needs to keep customers happy and keep the revenue coming. Who has time to figure out which credit card makes sense for the business? We lay out what you need to know, from cards that give cash back to those that will give your company a break on hotel stays. How to Choose a Small Business Credit Card. This content is not provided by the card issuer. Credit Card Resources on RewardsCanada.ca Articles Features Charts Why proprietary credit card reward programs are the best option for most Canadians Choosing A Travel Rewads Credit Card Credit Card Reward Tickets Is Black the new Gold? Credit card reward comparison can be tricky with so many credit card offers in the marketplace. Read tips to compare credit card rewards and find a card that suits your needs. Find the best small business credit card for 2016. View 12 top-ranked hand-picked offers and apply online. Travel: If a big chunk of your budget goes toward sending your employees to other places, paying for employees to stay near your office on occasion, or. Google Compare has been discontinued. Thank you for stopping by Google Compare has been discontinued effective March 23, 2016. We want to thank all our loyal users for their support, and we urge you to begin your quest for financial products with a Google. Opinions expressed here are author's alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the advertiser's affiliate programs. For small business owners, credit is vital. But with so many credit cards available that are designed for businesses, how can you decide which one is right for you and your company? What Type of Rewards Is Right for Your Business? Business owners are all in favor of earning more rewards while reducing costs. They all give different reasons to sign up. How can you go about picking the right rewards program for your business? Bankrate.com provides credit card offers to apply for low APR and rewards credit cards. Find Rates Calculators Home Rates Calculators Mortgages Mortgage Rates Compare Mortgage. Want great credit card rewards? Choose among the numerous offers available at CreditCards.com. You could turn $200 into $400 with Cashback Match. We'll automatically match all the cash back you earn at the end of your first year. Compare cash back, reward credit card programs By Ben Woolsey Cash back and reward credit card programs appear quite similar and are generally lumped together by most banks and credit card companies. However, there are significant differences in how you. Here. All those office supplies, cell phone charges, gas station receipts, wining and dining of clients, airfare, hotel stays, and advertising expenses add up. And they add up quickly. Consider what type of expenses you are most likely going to put on your next card. Which of the following categories will be most represented or desired? Travel: If a big chunk of your budget goes toward sending your employees to other places, paying for employees to stay near your office on occasion, or footing the bill for car rentals, then a travel- related business credit card is the way to go. While these cards tend to have higher annual fees, they can be deeply rewarding as you accumulate rewards that can be used to shave off the totals of hotel stays or airfare. Cash is still king: Who doesn? If you want rewards but want it in a simple format, then narrow your search to a cash back credit card such as the Simply. Cash Plus from American Express, a Credit. Donkey advertiser. What to Consider When Choosing a Credit Card for Your Business. Small business owners often rely on credit for day- to- day operations, making a reliable credit card vital for keeping their company up and running. Many owners tend to lean on their personal credit card to pick up those costs. This will help keep your personal and business expenses separate, which can be a lifesaver for accounting purposes and for maintaining your personal credit score. Keeping your personal and business finances separate when possible is a fairly easy decision. In contrast, choosing the right credit card for your small business can become overwhelming. Thankfully, here are three factors that will help you zero in on the credit card for your specific needs. Cost. As with any aspect of a small business, costs are important. Interest rates and annual fees are the two main costs associated with credit cards before you make your choice: Interest Rate: Keep in mind that many of the cards also come with introductory rates. Generally speaking, business rewards credit cards are going to have slightly higher interest rates and annual fee to help the card issuer offset the expense of the rewards and benefits. For that reason, make sure to weigh the benefits of the card with the associated rewards. Rewards. If you plan to pay your balance in full each billing cycle, then a rewards credit card may be a smart option for your small business. Your ability to pay on time is a critical factor, since rewards credit cards often feature a slightly higher interest rate than traditional credit cards. There are a variety of rewards options now available, so consider what would most benefit your small business: Cash Back: Earn cash back on a percentage of your spending Travel: Earn points or miles for airlines, car rentals, and hotels. This is a great option for small businesses with employees who travel extensively. Reward Points: Many of the cards allow you to earn points that can be redeemed for a variety of merchandise. Evaluate the merchandise offering in terms of value for your company. This step will help ensure that you. Credit versus Charge Card. Decide if you. This allowance gives small businesses the ability to pay off an expense over time. Alternatively, business charge cards usually require the balance to be paid in full during each billing cycle. This distinction typically isn't a realistic route for cash- strapped start- ups, and is better suited for more- established businesses. If you pay attention to the factors above while checking out current promotional offers, you should be able to find a card you can put to work for your business. Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through the Advertiser's affiliate programs. Disclaimer: The information for the Ink Cash. The card details on this page have not been reviewed or provided by the card issuer. What are the Benefits of Credit Cards for Small Business? With increasing demand from businesses, credit cards have become the . The use of credit cards topped the list of financing sources for small businesses, according to a 2. National Small Business Association. Check out some benefits of credit cards for small business below. Accessing a Cash Source: Cards provide an immediate, convenient source of cash. They can be used to pay vendors, order supplies and cover travel expenses. Developing Business Credibility: Help establish a successful record and credit history until more capital is readily available. After you've taken the leap to open a small business, you need to maintain your business credibility by being financially responsible. Credit cards can help you do that by allowing you to pay periodic expenses on time without tarnishing your relationships with vendors. Earning Rewards for Your Bottom Line: The perks of most cards can impact your business in a positive way. Building a Solid Credit History: Help establish a respectable credit history. One option for businesses is a card with a high spending limit that will allow you to carry a balance. With a balance, payments are more manageable when cash flow is not certain. Record Keeping: Allows for better tracking of purchases. Credit card statements also allow you to monitor your records, employee spending, and any changes to the terms of your agreement. Managing Tax Matters: Credit card statements help you sort your expenses come tax time, and they may also come in handy when a tax bill needs to be paid and your cash flow is dry.
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