No matter what industry or line of work you’re in, a business credit card can be useful to give you a bit of extra money when you need it. Whether you need the funds to take advantage of a good deal on products, are utilizing it to help you get through slower revenue months, or if you just want to take advantage of the rewards that come with your purchases, a business credit card is a useful resource for all business owners.
What to consider when comparing credit cards:
It can be great to realize that there are a lot of credit cards available out there, but that can also make it overwhelming when trying to decide which card you want to go with for your business needs. Choosing a credit card is like choosing anything else – you must consider the benefits and drawbacks and determine what option best suits your needs. These are some of the things you should take into consideration when choosing your business credit card:
- Interest rates – many business credit cards offer flexible financing options. You can find offers with 0% introductory APR that will set you up for success. If you don’t intent to pay off your balance every month, low interest rates may be of high importance to you
- Cash-back on purchases – if you know you are going to be using your business credit cards for specific purchases, you might want to look at the cash back rewards offers and see if there are any that line up with the purchases you intend to make. This will allow you to get the most out of your purchases.
- Credit card rewards – some business owners look to take advantage of other rewards offered by credit card companies that could be beneficial to their overall business needs.
Whether you know exactly what type of credit card you’re looking for or you are just starting to do your research, we at Empowerlend have put together tools and resources to help guide you in your decision making. Compare and apply for offers from our partners directly using the links above and you can be on your way to achieving your business financial goals.