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Monday, March 2, 2009

Business Credit Cards - Your Secret To Success

By Robert Hett

Apart from higher credit limits, there are a whole range of other reasons why business credit cards are essential when operating a flourishing company, such as specifically tailored business lines and valuable reward programs. Of course, depending on your company's needs, one can now choose a program which is the most beneficial to your own requirements.

Air Miles Rewards

Credit Cards for Select Employees

Generous Credit Line

Customized Rewards

Cash Rebate Gas Rewards

Company Logo On Your Cards

Cash Back Rebates

In addition to the programs mentioned above, leading credit card companies such as Chase, Discover Card, Advanta and American Express, also understand the importance of being able to tailor a card to best meet a companies financial requirements. As a result, these card suppliers also offer a wide range of additional options.

Another attractive feature which the majority of businesses find to be beneficial is having the ability to track expenses 24/7, every day of the year. Furthermore, a number of card issuers will also assign a trained business agent to your account for the purpose of providing assistance with business solutions.

The chances are, when you first applied for a personal credit card, you spent some time studying the terms and conditions so keep in mind, you should apply the same principles when making an application for a business credit card. Additionally, as the owner of the business you'll tend to agree, with the importance of fraud and theft cover but none the less, be advised that cover is not optional.

Did you know that the majority of small businesses fail and go out of business within three years? Surprisingly enough in the majority of cases it is financial instability which is to blame and not a poorly thought out business plan. While having a small business credit card won't make your business bullet proof it will certainly improve your chances of success.

One of the main reasons why having a business credit card can help, is because leading card issuers such as American Express, Capital One, Advanta, Chase, etc, want to see your venture succeed. After all, your success is their success as well.

So, apart from enhanced financial stability what are some of the other benefits? As I said earlier, there are a range of benefits. For example, if you are required to travel a lot you'll benefit from paying less for your hotel accommodation. You'll also pay less for car rentals and even meals. Furthermore, you can earn cash back on purchases just as you can earn increased rewards each time you fill up with gas.

Having 24 hour access to your account for the purpose of tracking expenditure is essential to any small businesses which for the most part are running on a tightly controlled budget. Likewise, if some of your employees have been issued cards it's also vital that you should be in a position where you can keep tabs on their expenses. Above all else be sure you compare cards before you apply.

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