So what do you look for when applying for a credit card for your small business? One thing is for sure, wasting money isn’t an option because it can make or break your business. Things to look for are low interest rates and good customer service.

Ask around for companies with good customer friendly service. Some will let you off late payments time after time while others will come down like a ton of bricks. You need them to be flexible as you never know when you may run into problems.

Make sure you don’t go with one because of a low introductory offer. You want a long term one as you may not have time every six months to be jumping from one to another. Before signing up for one read small print, remember it could save your business.

Look out for special bonuses companies offer. Some times companies such as Visa or American Express join with other companies to save you money on anything from shipping or office supplies

When you decide to start a small business, you find out pretty quickly that it takes more than skills and dedication in your respective area of work. Besides being good at what you want to do, you also need to known your accounting and financing issues, no matter how annoying and boring these may be. And credit card problem for small businesses needs careful handling, just like that of a regular, personal credit card.

Choosing right type of credit card is vital for success of a small business. Even if you don't have access to a corporate credit card, a small business card can be a major tool on path to success. When you apply for a small business credit card, lenders will analyze your request from a variety of points of views. While their evaluation of risk may vary according to various local factors, they will all take into account "five Cs": capital, capacity to make payments, collateral, conditions and character.

Capital, meaning your personal investment in business, outlines not only size of business, but also how much risk you are willing to take. Balance risks carefully - too much means you will be rated reckless, too little, and lenders may think you are not serious about this. The capacity to repay loan is, of course, critical for lender and will be carefully analyzed. The collateral or guarantees will show that you have a backup plan for returning loan, in case things go wrong. The conditions represent general situation in your geographical area and your respective line of business - mostly things that you cannot control (but you can make them look better in carefully planned business plan). Last but not least, character is impression you make on lenders - how trustworthy and business-oriented you appear to them.

If you take all these into account, your application is more likely to be successful right from start. Of course, you also need to consider, carefully, which type of business card suits your needs.