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what is the best credit card for my small business?
I have a small business and want to apply for a business credit card because I always travel for business trips. What is the best business credit card suitable for me?
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Good question..
For small business, I would suggest CitiBusiness Card. It’s the card designed with small businesses in mind. The CitiBusiness Card helps you save time and money.
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What is the best small business credit card?
I’m looking for something with no annual fee, a great rewards program, etc.
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I really like the AmEx Costco business and SimplyCash cards.
See below for others.
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what is the best small business credit card?
I am self employed and would like to have a credit card on hand for business purchases. Right now I use my “regular” credit card.
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Stick with a business debit card.
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What is the best all-round small business credit card: Advanta, AMEX Simply Cash or Bank of America?
Trying to narrow down my choices and select one of these 3 only!! Please explain your answer.
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I have a Chase Visa. I dont use it very often, but if you pay off your bills before the end of the month you get ‘rewards’. I get a check for $10 every month and some months I don’t even use it. Credit cards scare me, but I’m really happy with this one. My mom has it also.
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What is the best Business Rewards Credit Card for small business?
I’m an owner of a small business, I’m looking for a business credit card with rewards. Which one would you recommend?
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There are two business credit cards that I will definitely recommend. I’m confident because have them myself.
Capital One Visa Business Platinum with No Hassle Cash (SM) card is ideal for business owners who want to earn cash rewards and get an annual cash bonus on earnings. Cardholders will receive 1% cash back on all their purchases. Plus, they will be rewarded with a 25 percent bonus annually on all the cash back earnings from the prior year.
Great Review Here:
Capital One Visa Business Platinum with Preferred No Hassle MilesSM card is right for business owners who have a new business, or want a rewards card with competitive APR. This card is ideal for businesses that make large or frequent purchases. With No Hassle Rewards®, miles can be redeemed for cash back, merchandise, gift certificates, and more; and with a 0% introductory APR on purchases and no annual fee, you could save money, too.
With this card, you’ll earn more miles for your business spending. Earn up to 10,000 bonus miles in your first year—5,000 bonus miles after your first purchase and 5,000 bonus miles each year you spend at least $5,000 on purchases.
Great Review Here:
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Best way to accept credit cards for small business owner?
I am starting a small business and I need to be able to accept credit cards. I have heard a lot of bad things about Pay-pal and I would like to avoid using Pay-pal. Besides, I will need to be able to just swipe a card and quickly move on to the next customer. Also, my personal credit rating is not good, and it seems like most of the options I have seen require a credit check. Does anyone have any suggestions/advice about accepting credit card payments for a small business owner without good credit?
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When it comes to credit card processing there are 2 way to go about this. The first is through pay-pal or a like company.These are what we call in the industry 3rd party payment processors. These types of companies are good only if you are a small company, usually from home and if you are doing under a $1000.00 a month. The pros to this can of account is that it is an easy setup and simple to use. The cons are that it is web based, you as the business owner have no real protection against chargebacks(when a customer dispute a charge) pay-pal is always going to be on the customers side and not yours. Also it takes 4-5 days to receive your money. The 2nd options is opening a merchant account. This is meant for business owners that are doing over $1000 a month. These types of account is for retail locations, over the phone orders and ecommerce. This system is very fast, run a card and within seconds the customer is either approved or decline and then on to the next one. The pros are that you are protected against chargebacks, you receive your money in1-2 days and you have complete control over you account. The cons are it may cost a little more upfront for equipment but most companies can offer inexpensive equipment or possible free. As far as credit score go, merchant services companies are just like any other finance company. Some have very strict policies and some not so strict. Working in the merchant services industry myself I know certain companies that won’t touch anything under a 650. On the other hand I know of companies that have a min required score of 500. The nice thing about this is that unlike a finance company which will charge you more because of poor credit, merchant services companies do not. It is either you are approved or not, but you still receive the same price(% rate) regardless of credit score. The last thing is, it also depends on what type of business you have (restaurant, gas station, hair salon, etc) certain companies have an automatic approval policy based simple on the business type. Which means if you business type falls into certain “preferred business type” you will be automatically approved regardless of credit. In the industry we know certain types of companies work better and have less issues than other. To give you an example, if you are a restaurant and go into a bank and try to get a loan, 9-10 banks won’t even look at you. However in the merchant services industry if you want an account you will be approved 99.9 out of a 100 times. A merchant services account is just an open line of credit, just like a loan. If i had a little more info I would be able to give you exact details. Hope that this helped. If you need any more info don’t hesitate to ask.
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