|
|
|
Your
Cutting-Edge bad credit card Resource
|
 |
Bank/Credit Reviews & Reports |
 |
Resources
Building Your Own Credit History
By Attila Jancsina
Building Your Own Credit HistoryModern times require modern actions and credit cards are the modern tools that anyone may need but not everyone may have. Establish a good credit Read more...
|
Resources
Are You Ready For A Credit Card?
By Peter Kenny
If you are young and just getting to grips with financial products, you may have looked into getting a credit card. Although credit cards are not an essential product for everyone, many people have Read more...
|
Resources
The Facts About Balance Transfer Credit Cards
By Morgan Hamilton
Many people can find balance transfer credit cards quite tempting. An individual can transfer the balance off other credit cards to balance transfer credit cards, which offers perks like low interest Read more...
|
|
A means of borrowing money from a person or company and returning it at a later date, usually with accrued interest charged on top of the initial sum borrowed.
|
|
#Welcome to
i-prosper.org/Bank/Credit Reviews & Reports - your comprehensive bad credit card
resource.
Below, you'll find extensive information
on leading bad credit card articles and products to help you on your
way to success.
|
Cash Back Business Credit Cards
By Jeremy Biberdorf
A typical small business needs to watch every penny. To last in the competitive business world, you need to maximize profits and just as importantly, reduce expenses. Many businesses don�t realize that they could easily be saving a percentage of their purchases with a cash back business credit card. Instead of letting bank fees eat away at your profits, your credit card can work for you.
How can the banks offer cash back for your business?
For decades the banks have been charging high interest rates and eating away at business profits. Businesses would just sit back, hoping the bank would eventually give them a better interest rate. Times are changing though. Today the credit card market is very competitive. A business can now choose between credit cards from nearly any financial institution.
As the banks compete, they are offering credit cards with better perks and rewards. If your business needs to travel a lot, you can get airline points. For a business that drives a lot, there are gas station rebate credit cards. Many larger stores even issue their own credit cards with special in store rebates. These credit cards lacked flexibility though. So as competition in the credit card market increased, credit card issuers resorted to offering cash back credit cards.
The banks can afford this to attain a new customer. The cash back is balanced out by interest charges and other fees. So for most people the cash back is just a savings on their bank fees. Plus these same customers might require additional financial services. The banks definitely aren�t losing much money by offering cash back.
Are cash back business credit cards just a scam?
No they are not a scam. These credit cards actually do give your business money back. You just need to be familiar with any restrictions. Most cash back business credit cards have a maximum annual cash back limit. Other cards have different cash back terms based on the credit card purchase type. For example, you might get a different cash back percentage at a gas station compared to a grocery store or office supply store. Some cash back credit cards also have a minimum spending before points can be redeemed.
To get the most out of a cash back credit card, you need to be disciplined. It is very tempting to put extra purchases on your credit card to get more cash back. Only use this strategy if you are able to pay off the card every month. Otherwise you would just be accumulating
|
|
Here are some more quality articles in several
websites related to credit :
|
|
more interest charges. If you can pay the card off every month, try to use your credit card more instead of cash or checks.
For some businesses the cash back maximum can also be a problem. A business with high operating expenses could easily reach the annual cash back limit in a very short time. If this is the case, consider getting a different credit card to use once the limit has been reached. Some newer cash back business credit cards offer no limit on the amount of cash back you can earn.
Before applying just read the terms and conditions of the credit card. Many cash back credit cards use phrases like �up to 5% cash back�. This usually means that you can only get that cash back percentage for just one type of purchase or there is some other catch.
Despite certain card restrictions, a cash back credit card is a very good idea for your business. Your business could be saving thousands of dollars on your business expenses. Just take the time to compare different cash back business credit card offers before you apply.
Jeremy Biberdorf writes for http://www.smallbusinesscreditcards.net - a directory of business credit cards from top issuers such as American Express, Discover, MasterCard, Visa, Advanta, Chase and CitiBusiness. Compare Business Credit Cards, including cash back business credit cards
|
|
We strive to provide only quality articles, so
if there is a specific topic related to credit that
you would like us to cover, please contact us at any time.
And again, thank you to those contributing daily
to our bad credit card website.
|
|
