subject: Best Small Business Credit Card [print this page] Are you in need of a small business card? New businesses often have a difficult time dealing with finding a lender to offer then a credit card or any type of financing. This is mostly due to the fact that lenders are weary of the risk small businesses bring. However, credit card lenders often offer you the money because they will give you a high interest rate to pay for it. A business card is nice to have as it will build your corporate credit and strengthen your businesses image with lenders, allowing you to acquire future loans easily. To find the best small business credit card offer, start with your local lenders.
Working with a lender that you have previous experience with is always the best method. They know your payment history, they have dealt with you in the past and they trust you as a borrower. It will be much easier for them to offer you the best small business card out there compared to other lenders that may hesitate to take on the risk. The one downside is that you may not have a lot of room to negotiate a lower interest rate or to negotiate for a higher credit line. Until you are able to prove your business is worthy of the credit card, you are just going to have to keep using the card responsibly and wait for the lender to decide if you are worthy.
Your next best shot to find the best small business credit card is to head online. Online lenders may not be the name-brand lenders, but they are trying to become them. They will offer you a nice credit card offer without the excess fees as they are trying to build their business and they can afford to take on some risk with small businesses. When you are filling out the online application for the credit card, check the fees, APR, rewards, and compare it to the other credit card offers out there. This is the only way you will be able to find a credit card that is right for your business and wont cause you to spend too much money on interest.
With any type of credit card offer, always look at the rewards. This is where you are going to really make your money back on interest. If you use the card enough, you will accumulate points and this will eventually build up into a complete plane ticket, hotel room, or rental car.
