Securing new business credit cards for your small business can be a challenging and confusing experience
. When you look at the business credit for where your business is right now and where it?s going in the next few years, there are many things to consider. Do you need a business card that will provide a small limit so you can get by with the day-to-day needs or are you in need of a credit card that is going to last for several years?When you are shopping for new business cards, here are some of the things you need to consider: ? Rewards. Do you want a business credit card that provides you with rewards? Having a card that offers sky miles and other things is always a plus for businesses. Check the rewards as some of them may not be worthwhile to your business needs. If you are planning to spend a lot of money here and there on things like office supplies, these small purchases can add up and rewards are great.- Discounts. Some new business credit cards offer you discounts for shopping at certain stores. You may be able to save money on your car rental, airfare, hotel, and other expenses. When dealing with a lot of business travel, discounts are always welcome.- Interest. Always take a look at the interest rate on the card. This is where a lot of business owners go wrong because they search for credit cards with 0% interest introductory rates without realizing how high these rates will climb in the future. Search for a credit card that allows you to lock in the interest rate so you don?t spend too much money on interest.- Fees. The other thing you need to check is the fees that are attached to the credit card. It?s common to have annual fees attached to the card and this will leave you with a number of problems if you don?t plan for them.Talk to your current bank and lenders about new business credit cards. They may tell you that they cannot provide you with a card as you do not have a lot of business credit. At this point talk to them about a secured credit card. This card will give you a chance to build your business credit as you will put money down on the card and avoid overspending your limit.