Continued from page 1
Many small businesses rely on cash flow to pay for suppliers or contractors, because they need to purchase materials and services before their own clients pay up. You need to calculate
difference between date when you purchase materials and date when clients pay you back. If this is shorter than 30 days, go for a card that doesn't charge you interest for respective period. If it is two, three months or longer, go for a low interest card.
Also, you should think of how often you will have to travel for business-related purposes, and how a special type of credit card can help you with this, or how you will handle unprepared emergency situations that hustle small businesses constantly.
Some of offers for credit cards for small business include Blue for Business Card - no annual fee, 0% intro APR for first 9 months, credit line of up to $50,000 or Blue Cash for Business Credit Card - up to 5% cash rebate, no annual fee, 0% APR for up to 15 months. Advanta Platinum with Rewards, featuring cash back bonus, offers 0% intro APR for balance transfers, up to 50,000 credit line and various types of rewards for things you buy most often (gas, office supplies and so on), bonus miles or cash back.
The CitiBusiness card has 0% APR for purchases for first 6 months, no annual fee, a generous credit line and additional cards for employees, with a credit limit set by you. The Platinum Business Credit Card from American Express has no annual fee and 0% APR for first nine months on purchases and balance transfers.
Other options include Business Green Rewards Cash - no fees for first year and no pre-set spending limit, and Business Cash Rebate from OPEN: Small Business Network, with up to 5% cash rebate, no annual fee, 0% APR for first six months, no limit for cash back and no minimum spending requirements.
This article has been provided courtesy of Creditor Web. Creditor Web offers great credit card articles available for reprint and other tools to help you search and compare credit card offers.
