Business credit card offers vary from bank to bank.
Here here are five things that banks are offering now to get you to try their business credit card.
1.
0% intro APR on balance transfers.
This could really help if you have balances on other cards.
Even if it's only for 6 months -- every dime you put on your account for that 6 months will go toward the balance.
2.
0% intro APR on purchases.
This could be especially helpful if you're planning on buying some major items (computers, desks, office equipment, etc.
).
3.
$0 fraud liability if your card is lost or stolen.
4.
Employee cards with individual spending limits and no annual fees.
This is really great if you need to monitor several individuals' spending, and having preset limits on each card means you don't have to worry about going over budget.
5.
Rewards.
Some companies are offering 1 mile for every dollar spent with extra miles credited in the category of your choice (i.
e.
travel & lodging, building supplies, office supplies, advertising & shipping, etc.
).
Many offers allow miles to be redeemed for travel, cash back, gift cards, etc.
Some offers simply have cash back rewards.
Shop around for the best rewards package.
Before getting too much into the rewards packages, I would first check out the interest rates once the 0% intro rate ends.
You'll want to calculate in the reward benefits with the interest rate to see what really is the best deal.
Something else you'll want to check out is the bank's policy on changing interest rates in the future.
Many banks reserve the right to change interest rates at any time and for any reason.
I would recommend having a "backup" business credit card so that you can immediately transfer your balance if the bank unexpectedly raises your interest rates unacceptably.
Hope this information has helped.
Here here are five things that banks are offering now to get you to try their business credit card.
1.
0% intro APR on balance transfers.
This could really help if you have balances on other cards.
Even if it's only for 6 months -- every dime you put on your account for that 6 months will go toward the balance.
2.
0% intro APR on purchases.
This could be especially helpful if you're planning on buying some major items (computers, desks, office equipment, etc.
).
3.
$0 fraud liability if your card is lost or stolen.
4.
Employee cards with individual spending limits and no annual fees.
This is really great if you need to monitor several individuals' spending, and having preset limits on each card means you don't have to worry about going over budget.
5.
Rewards.
Some companies are offering 1 mile for every dollar spent with extra miles credited in the category of your choice (i.
e.
travel & lodging, building supplies, office supplies, advertising & shipping, etc.
).
Many offers allow miles to be redeemed for travel, cash back, gift cards, etc.
Some offers simply have cash back rewards.
Shop around for the best rewards package.
Before getting too much into the rewards packages, I would first check out the interest rates once the 0% intro rate ends.
You'll want to calculate in the reward benefits with the interest rate to see what really is the best deal.
Something else you'll want to check out is the bank's policy on changing interest rates in the future.
Many banks reserve the right to change interest rates at any time and for any reason.
I would recommend having a "backup" business credit card so that you can immediately transfer your balance if the bank unexpectedly raises your interest rates unacceptably.
Hope this information has helped.