How to Pick a Business Credit Card

In this tough business climate you need all the help you can get! One way to help your business save money is pick the best business credit card for your daily expenditures.

Difficulty: Moderately Easy

Instructions

1. Look for credit cards that allow you to put your business name on the card for free. Great advertising for free every time you buy!

2. Look for cash back cards especially if they have higher cash back in in items your business uses. Many have higher percentages back for office supplies, gasoline and similar. If you travel a lot then look for cards with travel rewards. The cash back can really add up as some is as high as 5% back.

3. If you float the amount owed then look more for a low interest crdit card rather then one that is highr rate buyt offers more rewards. There are some cards that allow up to 60 days to pay off with no interest which can help businesses with slower income production.

Tips & Warnings

• Rewards cards are best if you pay off the card each month.
• If you carry debt on it look more for less interest charged than rewards.
• Use the annual statements to help with tax categories write offs.
• Watch out for teaser interest rates that go up after some period.
• Read what charge rates are if you miss a payment.
• Make sure rewards to do have annual cap.