Cash Back Business Credit Cards

Category: Finance, Credit.

Does your business pay too much for its credit card? Those businesses end up paying too much interest or high annual fees.

Too many businesses just settle for a basic credit card from their local bank. For the money you already give the bank, doesn' t your business deserve better? Just because you have a bank account just down the street, it doesn' t mean you' re stuck choosing from their credit cards. A smart business compares available credit card offers to find the card that best suits them. Check what the other banks have to offer. Do you just want the lowest interest or do you want the best rewards?

First you should decide what is important to your business. Analyze your credit card use to see what saves you the most money. Those factors and more will determine which credit card type is right for your business: Low Interest Business Credit Cards. Look at factors such as: monthly credit card spending totals. average running balance. payment habits. where you spend the most. If you keep a running balance on your credit card, a low interest rate should be top priority. Also remember to check both the intro apr and the standard rate.

Make sure that the card doesn' t have a high annual fee that offsets the low interest rate. Cash Back Business Credit Cards. Get a percentage discount everywhere you use these cards. Get cash back on all your credit card purchases with a card offering this feature. Does your current business credit card give you 5- 10% back on all your business expenses? If you need to travel you should consider a credit card that offers travel rewards.

Airline Miles Business Credit Cards. You can earn free flights or other rewards. Balance Transfer Business Credit Cards. These cards offer rewards for either a certain airline or for most major airlines. Do you owe money on your business credit card? For their introductory period you can get interest as low as 0% .

You can transfer that balance to another credit card that offers a special balance transfer interest rate. After that period you could even transfer the balance to your old card. Consider your priority of these features when comparing card offers. A lot of the best business credit cards will offer a few of those features. You don' t necessarily need a card that has all of those features. Compare the best offers and then apply online for fastest approval. Your business may only need a card that concentrates on one reward.

If you are paying too much for your current credit card, you want to start saving today.