Business Credit Cards

Starting a new business can be difficult in this day and age, not only does it take lots of time and hard work but chances are you are going to need some working capital to get started. There are many ways you can accomplish this, you can apply for small business loans or you can look around and try to find the best credit cards. When you are starting out you may not have the credit rating you need to be able to get a loan so using a business credit card can be a great way to get your credit rating established.

Credit Card		Details
		PartnersFirst Business Rewards Visa Card - Earn 1% cash back on every purchase - Itemized statements for each cardholder - Each card can be customized with your company name - Save with an introductory 0% Annual Percentage Rate (APR) for Balance Transfers through your first 6 monthly billing cycles. - Total fraud protection and 24/7 customer service - No Annual Fee
		PEX Visa Prepaid Card Provide - Alternative to credit cards, petty cash, check reimbursements - Enforce budgets with individual card balances - Control spending by merchant category and daily limits  -No credit check required  -Online program management  -No transaction or card load fees - simple pricing  -Trial offer - first 2 months free
		AT&T Universal Business Rewards Card - Earn 5 ThankYou Points® for every dollar you spend on eligible AT&T products and services - Earn 3 ThankYou Points for every dollar spent on purchases at certain office supply merchants, gas stations, and on professional services - Earn 1 ThankYou point for every dollar spent on other purchases - 0% APR* on purchases for 6 months - Redeem your points for air travel, statement credit, gift cards, merchandise and more - Additional cards for employees with credit limits you set - No annual fee

Many businesses are finding that they can use their business credit card to track their monthly expenses and are switching over to using them to pay all of their monthly bills. Because the credit card companies send out detailed monthly statements it makes it easy to track the bills you are paying and keep your records straight come tax time. You can do the same thing with any credit card the only difference between personal credit cards and business credit cards is that to open up a business credit card account you must own a registered business.

When you are a new business, credit cards may be the only way that you can buy the things that you need to get started. Before you apply for any business credit card you will need to gather up a substantial amount of information. If your company has more than one owner you are going to need their personal information as well as your own. The credit card company will use this information as part of the decision making process.

You are also going to need information such as how long you have been in business and what your annual profits are. You should be prepared to provide copies of you company's financial statements and a copy of your business license. The companies who issue business credit cards will want to know what type of business you own, is it a partnership, a corporation or an LLC to help them decide whether your business is eligible for a line of credit.

If your business is relatively new or small the credit card companies may not be willing to issue you a line of credit. This however is not necessarily a reflection of your credit rating it can simply be that many credit card companies do not issue credit cards to new businesses. There is an answer to this problem that can give you a chance to establish your credit and your business at the same time. Many banks will allow businesses to keep a deposit on file and issue secured business credit cards. In some cases the credit limit on these cards is more than the required deposit.

Business credit cards can be a valuable tool for your company and finding the right one can be a challenge. There are several companies that offer credit card business rewards for people who use their cards so make sure that you take a close look at all of the different cards and offers available. This is the best way to make sure you pick the best card for your business.