Small Business Credit Cards, The Perfect Tool To Start A Business

Obtaining credit for a small business is crucial. It can make or break your chance to actually make your business a success. If you are starting with a small capital and you don’t have enough funds because you are waiting for your customers or clients to make payments, getting small business credit cards can be beneficial as it will allow you to purchase the necessary things to keep your business rolling. You can use these to cover the expenses which are supposed to be paid by the income you are expecting.

There are different types of credit cards and choosing the right one is vital. You must be able to pick one which will provide the best rates and offer rewards. Getting the right card can help your business tremendously.

Before acquiring small business credit cards, it is essential to take into account certain factors such as the interest rate and minimum payments. The finance industry offers various options and it is really up to you to assess each and choose which suits your personal preference.

There are cards with hidden costs, causing the increase of payments. You should steer away from these types of credit cards as they can be a burden in the long run. The fact is, not every single credit card is suitable for a business. So how can cards make the cut? Look for one with transparency as to the rates and interests. This will help you avoid those with hidden charges.

Another thing to consider is the credit limit. Make sure that they can cover your needs. Remember, what motivated you to get a card is the financial help it can offer.

Find small business credit cards which can finance your expected expenses, this includes services and materials you need to keep your business running.

Once you’ve found the perfect card, think things over for another time and decide whether or not you will apply for one. After doing so, make sure that you maintain a good record because you can use this to your advantage someday. Don’t skip payments on your small business credit cards to keep your records clean and also to avoid additional charges and interest. Keep in mind that building a good credit history is necessary for both personal and business purposes.

Small business credit cards are beneficial to business owners. Studies show that a great number of store owners relied on the financing help extended by banks and companies that specialized in finance. You too, can take advantage of this opportunity. Choose the right company or bank, apply for a card that is ideal for a business owner and keep your credit history clean. This is the perfect tool to start a small business if you have limited funds. Use your credit cards wisely to cover the necessary expenses and to maintain your business’ financial stability.

Getting Your Small Business Rolling

Getting your business rolling is the next step after choosing your business idea. Remember, If you are not going to use your name as the business name, you need to work hard on coming up with a catchy name. There are websites out there that will help you choose a good catchy name for your business. This will make it easy for customers to remember your business name in any event. Choosing a long name is not recommended, it will take too much room in your advertising ads, and it will also be hard for any one to remember.

Ok! Now that we have that part covered, its time to visit your town’s hall of records to get your business name registered. This procedure is simple and it is not expensive to accomplish. I paid $50 to get my Trade Name Certification done at the town hall. As long as no one in your county is using that business name, you will be able to register it. If not, you will need to come up with a different name. The good thing about the whole process is that after you are done registering your trade name, the town clerk will issue you a package full of literature with helpful information for you to read. This comes handy for first time entrepreneurs. The package comes in an envelope and contains a small business guide, forms to fill out for taxation purposes and contact list of local small business counseling agencies and taxation department in your state.

Another important decision you will have to make is how will you incorporate your new business? The small business guide you get will describe all the different ways you can incorporate. One of the most popular ways to incorporate is by forming an LLC (Limited Liability Corporation). This form is a good way to protect your personal assets incase of any legal actions taken against your business. I highly recommend hiring an accountant for a consultation on this issue; it will be helpful for a professional to explain in depth these options. I mean might as well. You will need to hire an accountant in the near future anyway. Once all these steps have been taken, you are now on your way to a big marketing campaign! This is where the fun begins except for your wallet. However, depending on what your business is about, there are cheap ways to advertise your new business. I strongly suggest picking up a book from Amazon on Marketing a Small Business. Good Luck!

Three American Express Business Credit Cards to Get Your Business Rolling

American Express has been the choice of credit cards for businesses everywhere since they first rose to prominence in the early eighties. They offer several cards for business purposes, but for our article here we will just take a look at three of the best. If you want to see more options, feel free to visit their website and see what they might have that strikes your fancy. You’ll also be able to apply for the cards we discuss below. These cards offer a lot to the business, and have a range of rewards and incentives that make them one of the best companies for business credit. We will take a look at the American Express Business Gold Card, the American Express Platinum Business Credit Card, and the American Express Simply Cash Card.

American Express Business Gold

This card is perhaps the cream of the crop when it comes to great business credit cards. American Express has taken the time and research to put together a program that will entice even the most experienced business owner. There is no annual fee for the first year, and $125 fee per year after that introductory period. The card comes without a preset spending limit, although this does not mean the card comes with unlimited spending. The credit limit will be determined on an ongoing basis, as the people at Amex study your spending habits, payment history, and ongoing financial activities.

Many people like this setup, seeing as how it allows for progress in your credit limit through responsible care of the card, and it doesn’t put arbitrary limits to your credit, forcing the consumer to get a second credit card if they need to make a purchase larger than their limit allows. The card also comes with discounts to many major hotel chains and other businesses, including FedEx, Delta, and Marriott. The card also comes with automatic membership into American Express’s rewards program, so that you can earn points toward purchases and travel.

Platinum Business Credit Card from American Express

The Platinum Business Credit Card comes with an introductory 0% APR, good for the first twelve months you have the card. This is an excellent introductory offer, and should probably be considered by any business needing to obtain early funds for the start of the business. Even after this introductory period, the card offers 11.24% APR, which is pretty good. It offers the ability to enroll in the rewards membership program, and puts no limits on the amount of points that can be earned.

American Express SimplyCash Business Card

The American Express SimplyCash Business Card again offers an introductory rate of 0% for the first 12 months, and an exceptional rate of 8.25 % after that period is over. For credit customers concerned with the bottom line interest rates, it’s hard to do much better than the SimplyCash card. The card also allows the consumer to earn 5% cash back on gas, office supplies, and wireless services, and 1% back on virtually all purchases outside those categories. The card promises no limits on the amount of cash you can earn through use of the card, and the cash is automatically credited to your statement at the end of the month.