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Friday, February 20, 2009

Why Business Credit Cards Make Life Easier

By Robert Hett

Admittedly, the main reason companies choose to have business credit cards is to enjoy the privilege of raised credit limits. Additionally, most business credit cards will also give the holder access to specifically designed business credit options as well as a host of rewards. Which program you decide to choose will however depend essentially on the requirements of your company.

Air Miles Rewards

Employee Credit Cards

Generous Credit Line

Reward Points For Office Supplies

Cash Rebate Gas Rewards

Customizable Cards

CashBack Rewards

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.

Full coverage against fraud and possible card theft is not optional for those who apply for a business credit card, but then again, if it's your business it deserves no less. Also, always ensure you read and understand all the terms and condition specific to the card you're applying for, whether it's a MasterCard, or a Visa Card. You'd do this if you were applying for a personal card so be sure to do so when applying for a business card as well.

Market analysis has long shown that the vast majority of small businesses go down within three years of starting up. Furthermore, it's also been established that the primary cause is financial problems, rather than a poor concept. With a business credit card tailored towards small businesses, you can undoubtedly give your business the best chance of success.

It's undeniable that a business credit card can help your business especially when one considers that the top card companies like Avanta, Discover Card, American Express, Chase and Capital One all want to see you succeed. After all, the more successful your business becomes the more business they'll be doing with you so in essence it's mutually beneficial.

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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