Apply for a business credit card

If you want a business credit you must think first if it is right for you. Normally, people avoid applying for a business credit card because it appears harder to use. It is true that the target market is business owners or business executives, and of course it has higher fees compared with other types of credit cards, but it is also very helpful if used properly.

What is a business credit card? What it is used for?

A business credit card is like a regular credit card with high limit, low interests rates and depending on financial institution it brings many automatic benefits. It benefits the small businesses by extending payments and improving the cash flow. They have detailed monthly reports and quality customer services. In addition the business credit card provides many alternative loans for small businesses. It is also for large corporations that help those people who want to start growing their businesses while monitoring the baseline of credit.


When you decide to apply for a business credit card, it's worth a trip to the bank to answer all immediate inquiries, but you can also apply online since you have a business and you don't have time for banks. So there is no need to visit the bank, no need for waiting to talk to a bank representative. When applying online you can also select the business credit card options that you prefer for your small business and all that, form the comforts of your office or home. This type of credit cards offer secure, safe and simple processes designed to make your life easier. For example the option for online payment and reports, access to your accounts online, transfer money anywhere, to any bank, pay salaries with easy monitoring and access.
Most banks offer free fee for the first year and no spending limit or finance charges. Other offers include  membership programs with rewards on travel or merchandise for his or her business. Some offers include credit up to 100,000 at a low APR, like + 1.99% for instance, and 100% off the line is available as cash and no collateral required. Other deals include fee-free checks and a card to access the account, different savings options, approvals, no annual fees , up to 5% rebates for some purchases, first year low annual percentage rates on purchases.

I tried once having a business credit card, along with a personal credit card at the same bank, so after I applied I looked at the yearly bank fees, at the way my business was going and I did not seen any advantages. The fees where to high, and the interest for deposits too low compared to my personal card. The maintenance fee was bigger and so on. So the next day I went to the bank and changed my business credit card with a second personal credit card. Fortunately, I realized that the business credit card was not what I wanted for my business, because I wanted to earn money at a right pace, and a loan or a debt was not what I needed, not in the actual crisis.  

In conclusion, look for a business credit card that suits your business needs, if they are for investing in inventory or just for payroll, the card should handle everything, or almost everything. Remember, research before applying, and ask the question you need answer before taking a decision, sometimes the financial institutions tend to hide or not speak about the disadvantages of specific business card, because they just want to lure you in.