Sunday, 3 June 2012

Low Interest Business Credit Cards

The best thing about having a number of business credit card choices is the fact that you can compare different deals. In fact, some business credit card issuers offer low or zero introductory rates to keep up with the competition.

If you are presently in search of a credit card for your small business, don't forget to check zero rate business credit cards that are available in the market. In this post, let's discuss what zero rate cards are and how you can use it to your advantage.

Save Your Business Budget with a Low Interest Business Credit Card

A card with a low rate or a zero rate can enable an entrepreneur to cut back on business costs. The low rate or zero APR may be applied for a certain period which can range from 6 months to 12 months or longer, depending on the credit card.

During the introductory period, the cardholder can actually charge purchases to the account and submit only the minimum monthly payment without incurring additional interest rate charges. However, it is important to remember that as soon as the introductory period ends, the regular APR will be applied. You can even find zero interest cards that offer different types of reward programs such as cash back, gas rebates and miles rewards. Indeed, being able to enjoy a zero interest rate plus the opportunity to get incentives is an opportunity worth taking.

How to Choose a Low Rate Credit Card for Business

You may find yourself confronted with a couple of choices and the only way you can be sure that you will be making the right choice is by studying the complete Terms and Conditions of a card. Remember that a zero interest rate or a low rate offer does not automatically make a credit card the best one. Beyond the 0% APR, you need to check all the other fees associated with the card such as the annual fee, penalty fees, balance transfer charges, etc.

What about the functions and features that comes with the card? Are those features especially designed to help business owners manage their tasks? For instance, will you be provided with a Purchase Protection warranty in case there might be issues with your purchases? Will you be provided with a quarterly or yearly account summary report that you can use as reference for your accounting tasks or in filing your taxes? Will you be able to access your account online? Does the card issuer offer 24/7 reliable customer service? Will you be able to do online banking or send your payments online? These are just some examples of card functions that can help you in managing your business tasks.

Another important factor to consider is the credit reporting provision of a potential card. Will your payments be accurately reported to the major business credit trackers? Aside from enjoying a reasonable interest rate or rewards, you need to ensure that your business credit card will enable you to build up your business credit history as a preparation for your future business goals and projects.

Visit for more information about low interest business credit cards.

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