1. Your Business Needs Are Occupying Your Personal Credit
So you need to put a large personal purchase on your credit card but you can't because this month's business expenses have already maxed out your credit? You probably need your own Visa business credit card. If your personal credit card can't handle the volume of your business credit needs, it's time to expand your credit horizons.
2. Your Business Isn't Being Rewarded
Now I'm not talking about rewards as in "high-interest rewards programs" here. I'm talking about rewards such as business travel insurance, group buying power and the other perks associated with carrying a Visa business credit card.
Let's face it, a growing business can use all the help it can get. Why not take advantage of everything out there -- including the benefits of a Visa business credit card?
3. Your Business Needs Its Own Credit History
Have you been in business for two years or more and you still don't have any business credit cards? Now may be the time to change that.
If your business is growing successfully it's going to need its own credit history. Think of it as a child who is going to grow up one day and needs credit of their own. Using mom and dad's credit cards is okay to a point, but it can't go on forever. Because of this, a Visa business credit card (even if it's a secured card) is essential to the development of your business.
4. You're Pulling Your Personal Credit Card Out When Trying to Woo Clients
You take a potentially big client out to dinner and when the bill comes, you whip out that credit card like the success story you are. Only problem is, it's your name emblazoned on that card -- not your company's. That might be a problem in the eyes of some.
If your business isn't stable enough to warrant its own credit card, is it stable enough to handle the needs of that particular client? Do yourself a favor and get a Visa business credit card. It will speak volumes about the establishment of your company.
If there's one thing you can't neglect, it's the financial growth of your business. Contrary to what some might believe, financial growth isn't just about profit statements. It's about credit growth as well. If you're serious about the future of your company, it may be time to apply for a Visa business credit card today.
Airline credit cards have steadily been gaining popularity in the past few years. Airlines and other companies related to the travel industry benefit as customers utilize their services more frequently; brand loyalty is strengthened as well. Consumers with a good credit history gain by obtaining greater value from their credit cards. Fundamentally, airline credit cards operate in a similar manner; purchases charged to the credit card earn travel points for the card holder, these points can be redeemed in various ways, for example contributing toward free travel, hotel stays, service at a car wash, etc. Four key features to consider while selecting an airline credit card are given below.
Low Interest Rate: The cost of credit is measured in terms of the annual percentage rate (APR). A good credit profile helps to obtain a low APR, i.e. prime + 4%. Most credit cards offer a “variable rate" plan in which the APR changes with certain economic indicators. The interest rates vary with the cards and are influenced by other offerings such as the grace period, annual fee, bonus points, etc. A card holder who does not carry a monthly balance need not really worry about interest rates; however, people who do carry their balances forward can select from a number of airline credit cards that charge a low interest rate. Some cards offer an introductory rate of 0% interest on balance transfers over a period of time, which is typically 12 months.
Preset spending limit: The spending limit in airline credit cards can vary from a few hundred dollars to thousands of dollars. The minimum monthly payment is liable to increase with higher spending limits. Some cards allow users to spend over the credit limit, the amount over the limit and the resulting penalty are settled in the subsequent month’s payment. Credit card bills can quickly balloon to unmanageable proportions. Therefore, inveterate spenders are well-advised to carefully consider the preset spending limit before settling on an airline credit card.
Compatibility with other frequent-flyer programs: It is important to check whether an airline credit card offers this feature; portability of miles points is desirable as it allows one the freedom to use the services of more than one airline for redeeming the points. By not being tied down to one airline, users have an increased number of destinations to choose from. Bank-sponsored airline credit cards offer greater compatibility with other frequent-flyer programs as compared to airline-sponsored credit cards that usually focus on a single airline.
Annual fees: There are several airline credit cards that do not charge an annual fee. Non-airline credit cards that allow users to accumulate miles are usually fee-free. The purpose behind fees is to try and defray the costs of the free miles and other freebies. The average annual fee for airline credit cards is around $ 70. Frequent fliers stand to gain more by using cards that charge a fee because with these cards the airline miles benefits are more as compared to cards that are free. Moreover, if the card is used for business-related travel, the annual fee can also be tax deductible.
Both Max Anderson & Samuel Petry are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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