Credit card companies have been working hard to attract business from a variety of market segments. Average credit card balances have been jumping dramatically in the UK in recent years, which has prompted an increase in the number of providers and products available in the card market. The small business audience is one market that has been more widely targeted with credit card offers customized to the unique needs of a small business owner.
For many small business owners, credit cards are a vital source of funds when an emergency, or an immediate business need arises. Many small businesses are started with a modest cash investment. As businesses grow, they often must make purchases of products for resale, supplies for business use, or travel for business needs. The ability to make some of these purchases with an affordable credit card solution is a huge advantage to a small business. Small businesses often look to leverage great ideas or products early and then cover the costs of doing so as business picks up over time.
There are many unique opportunities and advantages that come with small business credit card offers. One significant difference between consumer credit cards and business credit cards is that most card companies allow small businesses to have multiple cards linked to the same account. This enables a company to provide several people within the company access to the credit line as needed. This is much more feasible than attempting to pass one card around for use by multiple business parties. Business owners can also place limits and track spending with small business cards. This allows owners to budget and managed spending when multiple cards are in use.
Another benefit of small business credit cards is that rewards and discount programs are often more valued than they are by consumers. Because small businesses often make more and larger purchases, they typically reach worthwhile reward milestones sooner than individual consumers. This is a great advantage for small businesses that use rewards or cash back incentives to fund other purchases for business use. Some card companies also offer discount purchase programs to small businesses by establishing a partner network of companies that agree to provide the discounts. Ultimately, a small business credit card is a necessity for most small businesses. The cards offer a more efficient, convenient, and beneficial source of financing than most other types of credit and loans often used by small businesses.
Compared to other credit cards, as well as other American Express Cards, the American Express Platinum Business FreedomPass credit card actually gives you "freedom". Though its interest rates are marginally higher, yet the freedom to use as many of the points earned whenever you want, wherever you want and on whatever you want sets it apart form the rest.
The AMEX Platinum Business FreedomPass also gives you the benefit of carrying a balance from one billing period to the next which you might not get in other cards.
The advantages of the AMEX Platinum Business FreedomPass credit card are multitudinous. To name a few, if you are an AMEX Platinum Business FreedomPass program member you will enjoy the benefits of a point based reward program without any additional charge. In fact, you will be awarded 5000 bonus points after your first purchase with the AMEX Platinum Business Card.
The point based system allows you to redeem for savings on any flight, hotel, car rental or cruise and any other travel expense imaginable. If some points could not be used, for your convenience they can easily be converted to cash rebates. There are no blackout dates and no travel restrictions with the AMEX Platinum Business FreedomPass credit card as there is no such thing as the expiry of the reward points.
You don't have to spend a hefty sum in order to gain points; you are awarded one point for every dollar spent by you. Points can only be redeemed towards a purchase in 7500 increments, which is equal to a credit of up to $100, and they must be redeemed in a single request.
You don't have to pay any annual fee and there is 0% intro APR for 12 months. The AMEX Platinum Business FreedomPass also has one of the lowest annual percentage rates of 12.99% for purchases on the cards where the balance does not accrue.
Paying the bill with AMEX Platinum Business FreedomPass is a cakewalk. You are spoilt for choices here, you can pay the bill in full each month or you can carry over the balance to the subsequent months. Using the Platinum Business FreedomPass is free of hassles and completely safe even if used for online purchases. You can track card spending and also get account alerts among the other benefits.
For recurring expenses like your wireless phone bill and insurance payment, you can use the card to automatically pay these routine charges which will appear on your billing statement. What's more, you can pay them with one check instead of several and your AMEX bill pay is fee-free. To make you feel special the customer care is always there for you.
To add to the privileges AMEX Platinum Business FreedomPass credit card allows you to cash personal checks at more than 2200 American Express Travel Service Station locations, up to $ 10000 per account every 30 days and you may get up to $ 500 in cash and the balance in American Express Travelers Checks and if the card is lost it is replaced sometimes in as little as 24 hours.
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