Business credit cards are among the more popular kind of credit cards available. Being on the receiving end of credit is always a privilege and pleasure. Business credit cards are tailored to enhance this pleasure in ways that meet your business needs. Small business credit cards offer various intangible benefits to small businesses in addition to the regular perks.
The Perks of a Business Credit Card
1) Frequent Flier Programs - For business users who travel around the world, additional air miles are one of the exciting perks offered by business credit cards. When a business traveler travels by air and pays through the credit card, they earn bonus miles. These miles can be redeemed in terms of additional air tickets. Another benefit is the regulation and monitoring of business travel by employees by payment through credit cards.
2) Rebates - Some credit cards give rebates on business spending. It can be looked at as a huge saving to the company.
3) Reward Programs - Points are given on each dollar spent through your small business credit card. These points can then be exchanged for a range of exciting merchandise.
Saturday, September 4, 2010
Balance Transfer Credit Cards:
4 steps toward a good balance transfer experience
If you’ve heard of balance transfer credit cards and seen the offers, you know that there’s definitely an opportunity in them to get rid of any debt you’re carrying. Follow these steps to ensure that the balance transfer credit card you pick out works for you – and better yet, helps you build a better financial future.Know what you Need For starters, you’ll want to have a full understanding of where you stand in terms of credit and debt. Look through your current credit cards and tally up the balances on them. Then find the interest rate you’re currently paying for each of these. Could you do better? Probably, and that’s where a balance transfer credit card comes in to play.
Look at the Options Once you know what you want to transfer, sort through your options on the Internet. For each card, look at the balance transfer fee that it charges. Also check for an annual fee and any other charges.
Find what the interest rate offers are and how long they last. Then look for additional benefits. Numerous balance transfer credit cards include a rewards program and other features, such as travel insurance.
Write down your Plan Most balance transfer credit cards come with an introductory period where you won’t be charged any interest. This 0% APR will last for 6 to 12 months. It usually applies toward balance transfers, although some cards include the offer for new purchases too.
Take into account the zero-interest period, and write down how much you are going to pay toward the consolidated balance each month. This is where you’ll save hundreds of dollars on interest charges and get your balance down quickly.
Stick to It Once you have the balance transfer credit card, make the monthly payments as planned. If possible, avoid making new purchases until the balance is paid off. As soon as that happens, you can start using the card just as you would a regular credit card.
Instant Approval Credit Cards:
Frequently Asked Questions
If you’re concerned about what’s behind the instant approval feature, you’re not alone. Many customers see this feature and wonder what’s all involved. Read on for answers to some of the most common questions about instant approval credit cards.What does “instant approval” mean? This refers to how quickly you’ll get a response after sending in your online application. Credit card issuers take the information you send and run a quick check of your credit. Based on what they find, your application will be either approved or denied. All of this usually takes less than a minute.
I’ve been approved. Now what? The actual credit card will be shipped to your mailbox. You can expect it to arrive within 5 to 7 business days. When you receive the card, you may have to call a number and enter a code to activate it. Then you can start using it as you would any other card.
What are the catches? There are usually no hidden fees or other twists with instant approval credit cards. In some cases, after you send in an application, you may be asked to wait while the credit card issuer does a more in-depth credit check. This can happen if they need additional information or want to verify some of your credit history.
Are there any additional fees? Not for signing up. Some instant approval credit cards charge an annual fee, as other credit cards do. And for many of these cards, other fees, such as late fees and over-the-limit fees, will be similar to other cards. The instant approval part, however, is free of charge.
What other benefits will I receive with an instant approval credit card? Instant approval credit cards often offer additional features just like other credit cards do. Consider looking for a rewards program, bonuses for signing up, or other perks. The real advantage of the instant approval credit card is that you don’t have to wait to find out where you stand. If you’re like many who want to reduce the waiting time when it comes to applying for a credit card, the instant approval option may be a smart choice.
Rewards Credit Cards:
How to Make the Most of Yours
Know what you can get. If you are have only a vague idea of where you stand in terms of points or miles, you’ll be less likely to get the most out of your credit card. So find out what rewards are offered and how to get them. Keep track of what you’ve earned in a computer file or notebook. If you regularly spend time on the computer, start logging into your account each week to check where you stand when it comes to earnings and rewards.
To make the most of your rewards credit card, you’ll want to not only use it, but use it wisely. Tune into the following and you’ll be on your way to a better rewards credit card experience.
Use it frequently. With many rewards credit cards, the more you spend, the more you’ll earn. After you pass a certain amount in spending, the rewards start adding up faster. So use the card to buy things you regularly use in your budget. Pay off the bill at the end of the month and keep the rewards.
Keep the balance at zero. As much as you’ll love the rewards you receive, if you regularly carry a balance, you’ll end up paying a large amount of interest on the card. These charges could end up overriding the earnings that you’ve received. So pay off the balance every time the statement comes and you won’t have to worry about paying too much for having a credit card.
Check for special offers. Many cards offer bonus points or miles when you sign up or for your first purchase. Some also offer extra benefits after you spend a certain amount. If you want to know how you can receive more rewards, call the company and ask about it. They may be able to offer you a deal you didn’t know about.
Secured Credit Cards: Five Pitfalls to Avoid
Carrying a high balance. If you carry a balance on a secured credit card, you’ll end up paying interest in addition to the other fees that the card will charge. This can cause you to sink rather than swim in the credit world. So avoid carrying a balance whenever possible.
Forgetting to use it. Even though you don’t want to carry a balance on the secured credit card, you’ll still want to use it. Try using it to buy a few items during the month and then pay off the balance as soon as the statement comes. This will enable you to use a card responsibly and increase your chances of building your credit.
Paying too many fees. Secured credit cards come with more fees than regular credit cards, but you can still look for ways to avoid paying too many extra fees. Pay your bills on time to avoid late charges. Stay under the limit so you don’t have to face over-the-limit fees. And if the fees are too expensive for you to pay, consider looking into other options for credit cards.
Spending too much. The best way to view a secured credit card is as an exercise in discipline. Use it wisely and only for purchases that you know you can pay off right away. If you run up a high balance and are unable to pay it off, creditors will notice and your score could drop as a result.
Not paying attention to statements. With most secured credit cards, you’ll be able to track your account and its activity online. Try to do so regularly, and work on making it become a habit. By staying on top of your account, you’ll be able to see where your money is going and understand how to manage it wisely. This is the first step toward a better credit future, and one that will propel you into the next level of credit.
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