Credit Card

Tips On How to Choose The Right Business Credit Card For Your Business

Many business owners todayCredit Card find it difficult to choose a suitable credit card for their small business. After all, there’s a wide range of programs that they can choose from. In this post, we’ll discuss several tips that can help you choose a business credit card which can suit the needs of your business.

How to Choose the Right Business Credit Card

Consider the needs and finances of your business. Before you start shopping for a credit card, you need to examine first the needs and budget of your start-up business.

For instance, examine how your business spends its financial resources. If you use a large percentage of your working capital to purchase product inventory or supplies, and you pay off these transactions after your customers settle their bills then, look for a business credit card with a high spending limit and a low APR. This way, you can charge large purchases on your card and it won’t matter even if you carry balance for a month or two.

On the other hand, if your business requires you to travel on a regular basis then, you can benefit from a credit card that offers travel rewards and incentives. After all, with such card, you can earn points and collect rewards like free flights, free hotel accommodations, free travel insurance and other relevant perks that can help your business save a great deal of money.

Just like in managing your personal credit cards, you must also manage your business credit card spending. You need to set a monthly budget and try not to carry a balance for too long.

Do your research, before you choose your business credit card. It is also important that you research the current rate and terms of your prospective business credit card. Compare the APR’s, fees, different benefits or rewards offered, as well as the eligibility requirements for various credit card programs. By doing so, you can improve your chances of finding the right credit card for you and your business.

Ask for referrals. To find the right credit card, you may also approach your friends, relatives and fellow entrepreneurs and ask for referrals. These individuals will be glad to point you to the direction of card companies they have used and have had a great experience with. They might even share with you a tip or two to ensure that you will qualify for the credit card you wish to apply for.

Read the terms and conditions of your prospective card. Before signing your contract, make sure that you read and understand the terms, conditions and restrictions of your business credit card. If there are statements or clauses that are not very clear to you, don’t hesitate to ask for additional information from the card issuer. By doing so, you won’t have any regrets after signing your credit card agreement.

Irish Taylor is a business loan consultant with Startup Business Loans and has been providing consumers and business owners with startup business financing since 1992. For years she has helped people with credit and loan problems especially pertaining to business start up, SBA loans and Unsecured loans.


The business loan expert, Irish Taylor, has been working with startup business loan products since 2002. She has been inspiring entrepreneurs and small business owners with start up business financing ideas and techniques.Through the years, she has helped provide clients and people with solutions to loan and credit issues related to new business financing, SBA loans request and new business loans.



    Interesting article….Both my name and business names are on the credit cards. For the last three years my annual reward points and credit score have been great which is good. This article is really helpful for those who aren’t aware of the advantages of having a business credit card.

    • Hi William

      I’m glad you found it helpful. Just keep an eye on your reward points. Just this past week I looked at my HHilton Amex and for some reason they had tried to cancel 7,000 points. I called right away and they re-instated the points. No one could tell me why this happened. Anyway its great that you have also managed to improve your credit. Make sure its being reported to your Dunn and Bradstreet

      Take Care

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