Post on 12-Jan-2015
description
SmallBusiness Credit Cards Which One Is The Best?by FitSmallBusiness.com
The best credit card for your small business may not be a business credit card. Depending on a number of factors, financing your business using personal credit cards may be the best idea.
Business credit cards have some benefits, however, they generally do not protect the business owner from being personally responsible for the company’s credit card debt. Furthermore, personal credit cards can offer much better economics.
with this in mind we recomend the following
Best “Small Business” Credit Card For Average Credit
Great combination of 1.5% cashback & 0% introductory rate offer
Learn More Here
Best “Small Business” Credit Card For EXCELLENT Credit
1.0% cashback & fantastic 0% introductory offer that lasts 15 months
Learn More Here
Best “Small Business” Travel rewards credit card
Cashback on purchases (but can only be used for travel) and $400 cashback bonus when you spend $1,000 in first 3 months.
Learn More Here
Main Benefit Annual Fee / Initial Cash Back Bonus
Initial APR / Annual APR
Credit Score Required
Quicksilver Cash Rewards
Credit Card
1.5% Cashback on
All Purchases
No Annual Fee / $100 bonus after
$500 of purchases
0% until November 2014 for balance transfers and new purchases, with 3% fee on transfers / 12.9 -
20.9%
“Excellent”
QuickSilverOne Cash Rewards
Credit Card
1.5% Cashback on
All Purchases$39 Annual Fee
0% until August 2014 on new purchases (not balance transfers) /
22.9%
“Average”
Main Benefit Annual Fee / Initial Cash Back Bonus
Initial APR / Annual APR
Credit Score Required
Discover It - 18 Month Balance
Transfer
Great For Balance Transfers / 1.0% Cashback On All
Purchases
No Annual Fee
0% on balance transfers for 18 months with 3%
fee and 0% on new purchases for six
months / 10.99 - 22.99%
“Excellent”
Chase Freedom
Great For Balance Transfers / 1.0% Cashback On All
Purchases
No Annual Fee / $100 bonus after
$500 of purchases
0% on balance transfers and new purchases for 15 months with 3% fee On Balance Transfers /
13.99 - 22.99%
“Good”
Main Benefit Annual Fee / Initial Cash Back Bonus
Initial APR / Annual APR
Credit Score Required
Barclaycard Arrival World
Mastercard (not Barclay Arrival)
2.2% Cashback That Can ONLY
Be Used For Travel
$0 first year, $89 thereafter / First $1,000 Spending
Gets $400 Cashback
$0% on New purchases For 12
Months (not balance transfers) / 14.99% -
18.99%
“Excellent”
Benefits of “Real” Business Credit Cards
1. The ability to build up the credit rating of your business, which may help when trying to obtain loans and financing.
2. The ability to provide your employees with credit cards for their purchases.
3. Clean separation between one’s personal and business finances. This can be extremely important if there is more than one owner of the company.
Balance Transfer Offers are totally free But can be dangerous
The idea of being able to shift your existing credit card balances to a new company and pay no interest for a year or more, can be very appealing. However, please keep in mind,the following:
● There is usually a 3% charge that will be added to the amount of the balance transfer.● If you don’t make timely payments or violate the credit card terms in some way, your great deal can disappear.
And Finally...
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