One of the keys to business success lies in sufficient capital: you need it to get through the fluctuating times of your small business. Business credit cards can help smooth over your financial needs. A recent survey showed that 90% of small business owners use a business credit card. Here are just a few of the many ways a business credit card can help you manage your finances.
Access to Funding
Finding sources of funding can be a challenge when starting a new business. A business credit card allows you easy access to a line of credit. The credit limit for business credit cards is usually higher than personal cards.
Many business credit cards, including the Platinum Business Credit Card from American Express and the Chase Platinum Visa Business Card, offer 0% APR introductory rates. These rates last for a few months, and sometimes for up to a year. This can help jumpstart your business. It allows you to make initial purchases and cover start-up costs until revenue begins to flow in. If you pay off the balance during the 0% APR period, you essentially enjoy the benefits of an interest-free loan.
Cash Flow Solutions
Besides providing initial...