If you’re a small business owner, resist the temptation to use your business credit card for personal expenditures. A credit card dedicated to and used exclusively for business purchases will help you manage your business expenditures and make life a whole lot less stressful come tax time.
Personal bad credit history may not affect getting a small business card.
If you’re in a bad credit situation personally, you may find that it would benefit you to establish a federal tax ID number and formally separate your personal credit from that of your small business. Creating a formal separation will also protect your personal property in the event of any law suits or legal issues related to your small business.
Small business credit cards are better able to meet the needs of a growing business.
With so many of the small business credit cards specifically tailored to meet the needs of small business; it doesn’t make sense to use anything else. Many business credit cards offer bonus savings on business-related purchases like computer equipment, office supplies and more. One popular example of how a small business can benefit is the Chase Platinum Visa® Business Card which offers a 0% introductory APR for up to 12 months and a low regular APR of 9.99% thereafter. And, to meet the needs of growing businesses, Chase has developed the Visa® Business Partner Advantage program with savings of up to 20% from leading retailers and special offers on computer equipment, office supplies and more. Another popular choice for small business is the American Express SimplyCashSM Business Card which also offers an introductory 0% APR for the first 12 months and a regular APR as low as 6.00% plus, you’ll earn 5% cash back on automobile gas, office supplies, and wireless services and 1% on all other purchases. And, with the American Express, Express Approval, you can apply for this card online and get approval in less than 60 seconds.
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Editor's Rating:
9.0
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Consumer Rating: (2 ratings)
10.0
| Intro APR: |
0% |
| Regular APR: |
7.99% |
| Annual Fee: |
None |
| Intro Period: |
12 Months |
| Balance Transfer: |
Yes* |
| Credit Needed: |
Good
|
Don't know your Credit Score? Click here
- Save with 0% Intro APR for up to 12 months*
- Free Online Reporting - Quarterly reports enable you to monitor your business spending.
- No Annual Fee
- Platinum Business Benefits - Valuable benefits such as Travel and Emergency Assistance, Purchase Security and Extended Protection, and Travel Accident Insurance.
- Visa® Business Partner Advantage - Savings of up to 20% from leading retailers with special offers on computer equipment, office supplies and more.
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Editor's Rating:
9.5
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Consumer Rating: (2 ratings)
10.0
| Intro APR: |
* |
| Regular APR: |
7.99% |
| Annual Fee: |
None |
| Intro Period: |
* |
| Balance Transfer: |
Yes* |
| Credit Needed: |
Good
|
Don't know your Credit Score? Click here
- 0% APR for 15 Months on Balance Transfers, 7.99% Fixed APR thereafter*
- 7.99% Variable APR (based on Prime) on Purchases
- NEW! Unlimited Rewards*
- Earn cash back, travel, merchandise and more
- 1 point for every dollar in purchases
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Editor's Rating:
8.5
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Consumer Rating: (2 ratings)
8.0
| Intro APR: |
0% |
| Regular APR: |
As Low As 5.00% |
| Annual Fee: |
None |
| Intro Period: |
Up To 12 Months |
| Balance Transfer: |
Yes* |
| Credit Needed: |
Good
|
Don't know your Credit Score? Click here
- Earn 5% cash back on office supplies and wireless services
- Earn 3% cash back on automobile gas purchases of up to $12,000 per year; 1% thereafter
- Earn 1% cash back on virtually all other purchases
- No limits to the cash back you can earn
- Automatic cash back every month
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Editor's Rating:
8.0
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Consumer Rating: (1 ratings)
8.0
| Intro APR: |
0% |
| Regular APR: |
As low as 14.99% |
| Annual Fee: |
None |
| Intro Period: |
Until January 2010 |
| Balance Transfer: |
Yes* |
| Credit Needed: |
Good
|
Don't know your Credit Score? Click here
- 0% APR on purchases until January 2010
- 0% APR on transferred balances until January 2010
- Earn 1% cash back on everything you buy from day one
- Get a 25% bonus each year on the cash you earned the previous year
- No Hassle Cash is easily and quickly redeemable online or by phone
