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Answers

Would it be a good idea to get a credit card for my new small business?

I just started a new business and there are things I need to purchase for it but I don't have the money right now. Would it be a good idea to get a business credit card? Would it be easier to figure out my taxes at the end of the year?


It would not be a good idea. Especially in this economy. Also, if you're not incorporated, you'd be personally liable anyway. Try not to purchase anything, or get it as inexpensively as possible, such as Craigslist.

Corporate Visa: Business Credit Cards Video


businesscreditblogger.com Learn the truth behind business credit cards and what you should look out for before you apply. Join my business credit ...

where is the best place to get a business credit card and your business is fairly new?

i'd like to know where u may get a business credit card and they approve u on the spot?


I have been reading on line to go for a Secured CC.

and that this will help you with building business Credit..

I'm also looking into all of this. Let me know how you make out.....

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Samsill, Inc.

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business credit card for a new ltd company/WHAT IS THE BEST ONE FOR PURCHASES?

WE ARE A NEW COMPANY LOOKING TO BUY MATERIALS ON CREDIT,WHATS THE BEST CREDIT CARD TO LOOK FOR?


If you're expecting to carry a balance, then go for a low-APR card like Advanta's Platinum Business Card with Rewards. It offers 0% for 15 months followed by 7.99% thereafter. It also has a very nice cashback rebate program (on gas, utilities, telecom, electronics, and computers & supplies). (Here's a link to the Advanta card application: http://click.linksynergy.com/fs-bin/clic k?id=7ndWvMHXyK8&offerid=119570.1000 0001&type=3&subid=0)

If you're not planning to carry a balance, then go for the card that will pay you the most rewards. Chase has a couple really great cards for rewards. The best way to figure out which business card will pay you the most rewards for your spending profile is the rewards calculator at http://www.creditcardtuneup.com/?card_ty pe=Business . It'll calculate your annual earnings with the leading business rewards cards so you can pick the one that will pay you the most for your business spending.

What does it take to get a new business credit card without using personal credit?

How good is dunn & bradstreet?


Take a look at this http://sirlook.com/4rmt9 article i found it should answer your question and also has some good information on credit cards and finding good deals etc.

What is the best business credit card to apply for?

My husband runs his own subcontracting business and he is needing to apply for a business credit card. I researched some and so far Discover's business card seems good. Any other ideas?


Well, if he's not planning on carrying a balance and just funneling his spending through a credit card and paying off the balance each month, then you'll want to get the business rewards card that pays the most (e.g. cash back reward) for what his business buys.

You can use this rewards calculator to see which business rewards card will pay him the most in rewards for his business's normal spending profile:
http://www.creditcardtuneup.com/?card_ty pe=Business


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  • New Small Businesses - Are Credit Cards Worth It?

    A new small business credit card can provide you with a lot of perks. Although some find them to be more trouble than they are worth there are quite a few different reasons to consider one. There are other options available for you other than a small business credit card. It’s up to you to decide which option works best for you and your businesses needs. Below is a list of the pros and cons with business credit cards as well as other options that are available to you. Credit card services for small business vary from bank to bank. Be sure to do your homework and shop around before you make any decisions. Some credit card companies will provide to you incentives such as airline travel points, discounts and more. This is done whenever you purchase anything for your business with your credit card. Having a credit card that is separate from your own personal account is always a good idea as it allows you to be able to keep your finances more organized. This will come in handy later for taxes and to get a better understanding about the worth of your business. Bad credit does not always mean that you will not be able to get a credit card. You will probably have a higher interest if you do end up getting approved. Credit cards of course are much easier to pay vendors and bills with. They also help you to build your credit up and get it established to improve your interest rates. When you have a credit card used for your small business then you are going to end up with a higher interest rate. If you are ever late on a payment then the interest is going to sky rocket. Also a small business credit card does not always provide you with the same amount of security that a regular personal credit card does. If you are using a small business credit card you are more vulnerable to theft. At any time your interest rate can change. It all depends on how you are managing your account. If for any reason there are problems with your business credit card, a missed payment or anything that can hurt your business credit can also harm your personal credit. A small business credit card isn’t the only way that you can get money for your business. There are other options available you can use. A line of credit is similar to a loan. This is a fixed amount of money that will be given to you. The interest rates are usually lower but again, it is a fixed amount. This means that if you end up needing more money you will have to go through getting another loan but only after you have finished paying off the first. This is why credit cards are generally more popular. That and you generally don’t need to hold up collateral in order to get a credit card.