As a business owner you need to have some sort of credit card to streamline your finances and it’s important to manage the business finances separate from your own. The terms on the card will be determined by your own credit history. Don’t be discouraged by the job that is in front of you, some of the most successful business owners were bankrupt and down on their luck at some time.

Bad credit isn’t a business death sentence; it is only a hurdle to overcome with a little patience. First, you will want to find a bad credit lender that offers secured or unsecured credit cards. Remember, when you apply for any card, check out the terms and interest rates or any special offers. You could try your own bank first but they will most likely want collateral or equity as security. Sure the interest may be low, but that’s if you even get approved.

There are bad credit lenders who issue credit cards like the First Millennium Platinum Card. You’re approved in only a minute so there is no agonizing wait for days. They don’t need to check your credit either so your bad credit history is irrelevant. Issuing credit to people with a bad credit score is their specialty, they have their own system.

Never apply for more than one business credit card. Every time you do, there is a report to your credit bureau and it doesn’t look good to future potential creditors. Besides having more than one card gets hard to manage and you are trying to get into a better financial situation, not a worse one. You can use First Millennium Platinum Card for all your business transactions, keeping them all in one place. It will make managing your business and cash flow a whole lot easier.

Make your First Millennium Platinum Card monthly payment on time and the good reports to your credit bureau will come in handy should you decide to expand your business when things are going well and need loans or a line of credit. You have the option of taking a cash advance as well should you need to purchase something for the business, although most stores will take a credit card.

Even if you start out with a small credit limit on your First Millennium Platinum Card, you can always ask for a credit limit increase down the road. Even though they offer zero percent APR, always remember to use your new credit card wisely. Make your monthly payment and turn your bad credit history around.

This article is related to the subject of bad credit. If you are looking for first millennium platinum card then http://www.card-approvals.co.uk/ is the greatest place for you.

Capital One is one of the strongest credit card companies on the market today. This card provider has many features that customers can take advantage of. The most enticing feature that the Capital One Platinum Preferred business credit card has to offer is its introductory rate. New cardholders will be happy to take advantage of 0% APR on purchases and balance transfers until 2010. That gives new customers one year without having to pay interest. This credit card is an excellent choice when transferring a balance from one card to another. Transfer your balance from antoher card If you are paying a high interest rate. Someone with a $10,000 balance being charged 18% will save $1800 by transfering their balance to the Capital One Business Platinum Preferred credit card. If you are planning on making a large purchase you will have the opportunity to pay it off in a year.

This credit card also offers an excellent rewards program. You can choose from multiple rewards programs such as gasoline stations, building supplies and hardware, computers and electronics, office supplies and furniture, advertising and shipping. They will even offer you triple rewards on the category of your choice. All other categories earn one point per dollar spent. Business owners can save money using these rewards categories. If you’re company ships products on a daily basis, you can earn triple rewards for using your Capital One Platinum Preferred with most major parcel carriers such as UPS or FedEx. You can also use your Capital One plastic for travel miles as well. There are no limits on the miles you can earn, no expirations either. You get to keep your miles for the life of your account. Furthermore, you get to fly with any airline that you choose with no blackout dates or seat restrictions either.

There is no annual fee either to be a Capital One Platinum Preferred business card holder either. There is small $39 over the limit fee should you over charge on your credit card. Furthermore, there is also a late fee charge. This fee is based on your outstanding balance. If you owe less then $100 your late fee will be $15. If you owe between $100 and $249.99 your late fee will be $29. For balances of $250 or more, you will have to pay a $39 late fee as well. Capital One also offers an excellent cash advance rate. Pay 3% interest on all cash advances using your Capital One Platinum Preffered business charge card. Therefore, should you withdraw $1000 cash for an emergency, you will only have to pay a $30 fee. Other card issuers charge much more on cash advance loans.

The Capital One Platinum Preferred business credit card is meant for those established business owners with excellent credit. Capital One is offering up to $20,000 credit lines for those that qualify. After the introductory period, the APR for balance transfers and purchases will be as low as 14.99%. Interest rates are determined by the applicants credit history and will vary accordingly.

Todd Holliday is an avid business enthusiast who enjoys writing about subjects such as Credit Card Processing and Credit Card Processing Companies

Today, I wanted to show you three reasons on why you should highly consider a business card for your small business.

Rewards – Many cards out there offer rewards, every time you swipe your card. You can get cash back on your purchases, get points, as well as bonuses. It’s a great way to get rewarded on the money that you have already spent.

Keeping track – I love my card, because I will literally put everything on the card. What you’re going to find out is that it’s a lot easier to keep track of spending all on one card, rather than using a few cards all the time. You’re going to find that tracking on one card is going to be a lot less stressful, trust me on this one!

Easy funding – Walking into a bank, and asking for a loan can be hard. If you have a good credit score, you can soon find out that you can get a credit card rather easily. Just make sure that you have a decent score, and you know what you want.

These are the three ways on why you should choose a business card. Research your cards, and find one that works for you.

Check out my top business credit card list today all at FINDbizcards.

Citi: Citi bank has a great selection of business cards. What you’re going to find out is that they have a huge selection of just about any bank that you can think of. From getting rewards on your phone bill, to office supplies, you can use your card, and save today.

Capital One: Capital One has a great selection of cards as well. What you’re going to find out is that you can get approved if you have great, or even good credit. Most of their cards have a great reward structure, and it’s a great way to save money, while using your credit.

Discover: Discover has cut back on a few of their cards, but they still have them out there, trust me on this one. You’re going to find that Discover, just like the rest have a great line of cards for business too.

There are so many banks, and card companies out there. Check out the three banks above, and see if you like any of their cards. They release, and offer new cards every month it seems like. As long as you have good credit, you should be fine.

Do you need a business credit card for your business? I have a top list all on my website at FINDbizcards.

These cards are not just suitable for large-scale companies, they are appropriate for small and mid-sized businesses as well. Business credit cards are a fundamental tool for all types of ventures. There are companies that could not operate without business credit cards.

For a small business owner, a business credit card creates a professional sense of establishment and trustworthiness. This reassures company employees, vendors and owners.

Bonus Features

Business credit cards are offered by a myriad of financial institutions. Most of these lenders have competitive interest rates and terms to attract customers. A trend among lenders is to offer additional bonus rewards. These rewards, if chosen carefully, can benefit the astute business owner in operation of his or her company.

Research business credit cards that offer zero annual percentage rate (APR) for the first six months or year. This can be significant for the small business owner. Another important feature is the CashBank Bonus. You may qualify for five to 20 percent cash back depending on the amount of purchases made. Another component well worth comparing is the annual fees charged by lenders. These can vary widely.

For a business that involves travel, air travel points earned on purchases made can be helpful in reducing travel expenses.

If your business has employees, liability protection is a benefit that bears investigation. As is cash rewards made for purchases by multiple card holders on the account. Be sure to examine the terms associated with additional card holders.

Credit card personalization, a process where information specific to each cardholder is loaded onto the card, is a feature that might be of interest.

If you have an interest-bearing credit card with a balance, research credit card companies that will accept transfer of the balance to a low interest or 0% APR credit card.

Small Business Benefits

Thorough investigation of features and rewards associated with credit cards will benefit the small business owner. Choosing a card with the features and rewards suited for your type of business can enhance your company’s financial bottom line.

Businesses with small budgets can find it difficult to have a continuous cash flow. Business credit cards can assist with this, especially in emergency situations. Unexpected cash flow crunches, such as a large order from a customer and a shortage of funds to manufacture the product, can be alleviated by use of a credit card.

Credit cards give the ability to charge expenses and pay for them at a later date. For instance, if you require materials for a client’s order and pay for them with a credit card, the customer will have paid your invoice before the credit card payment is due. This allows you to extend your money over a period of time rather than having to have cash up front.

Your monthly credit card statements allow you to monitor your business expenses. The statement is a convenient method of tracking expenses. You will know at a glance if your expenditures are in line with your business budget or need to be decreased.

Online access is available for most credit cards. This enables you to monitor your account on a frequent basis rather than waiting for a monthly statement.

Find out more on deciding on a business credit card as well as getting good credit loans and bad credit loans for your business at http://www.businesstradecredit.com, the premier resource portal on business credit information

Counter cash advance

By presenting the credit card over the counter of a bank, you can draw cash up to the cash limit designated by the card issuer. Such transaction is called the counter cash advance transaction. In the process, the bank swipes your card on the Electronic Data Capture (EDC) terminal with would automatically dials up to seek an approval code from the bank for the transaction. The bank would also records your personal details from your identity card, make a copy of your identity card and obtain your signature on both the transaction and withdrawal slips. Upon approval of your transaction by the bank, the teller will dispense the cash to you. The whole process should takes less than 20 minutes depending on the bank procedures.

ATM cash advance

You can also perform cash advance with your credit card through a bank automatic teller machine (ATM). This transaction is much simpler than the earlier counter cash advance transaction.

To do this, insert your card into the card slot in the ATM, key in your pin number and key in the amount that you want to draw out. In the process, the ATM will automatically dial up to seek an approval code from the bank for the transaction. One the transaction is approved the ATM will dispense the cash equivalent to the amount that you keyed in earlier. The whole process usually takes less than 2 minutes.

Use credit card to pay for your purchases

Instead of paying cash for your purchases, you can use credit card to pay for them at credit card merchants. The process of effecting this transaction is very simple. Just present your card to the merchant when paying for your purchases. The merchant will swipe the it through an EDC machine, key in the amount and send the transaction to the bank for approval. Upon approved by the bank, the merchant will obtain your signatures on the EDC slip and their internal sales slip. The merchant will release the good or services to you after you signed on both documents. This process usually takes less than 2 minutes.

The above procedures could differ from bank to bank.

http://www.cardexpert.org

Remember, as a business owner, you should ensure that you maintain two separate finances i.e., separate financing for your business as well for your personal budget is absolutely essential. Hence, do not club these two finances lest you will be utterly confused in maintaining the accounts separately. The expenses incurred on your business are reflected, automatically, in your account when you use a business credit card. To build up a corporate credit, such credit cards are ineluctable. By registering your firm with the business credit bureau, your company’s reputation can be enhanced to a good extent.

Are business rewards credit cards worth the choice?

With wide range of business rewards credit cards available in the market, you can choose the one that suits your company’s needs. To those businessmen who purchase huge stocks in bulk, it is advisable to have a credit card with cash-back facility.

Here are the top 3 benefits that you may avail by using the business credit cards -

1. Those maintaining fleet of vehicles for deliveries and frequent flier programs, and for those who globetrot on business purposes like meeting the clients very frequently, can avail benefits like gas discounts with these cards.

2. Business credit cards also offer various other advantages, which include but are not limited to flexibility to spend more than earnings in a particular month, if you badly need to invest in an important project.

3. Many a times, it just so happens that small business owners don’t have enough funds, but get a golden opportunity that they miss out on, just because they don’t have the necessary monetary support. The business credit cards come to your rescue during such times. But, you must be beware of the fact that you should not accumulate too much of debt by unnecessarily increasing your expenses, just because you’ve high credit limits.

Lana runs an extremely resourceful website where you can find many more Free Credit Repair Advices

When you’re opening an account in a bank for your company, the chances are that the bank will try and sell you a business credit card to go along with it. Whilst this may look like a good deal, don’t accept straight away, there are many other lenders out there and the chances are that one of them has a more suitable card for you. You should compare features and benefits of different companies in order to see for yourself the range that is available to you, as well as trying to fins which one will offer you the best deal.

One of the keys features that you should keep your eyes open for is a credit card which has no annual fee. Interest is going to have to be paid on the purchases you make, so why on earth should you pay just to own the card? Check out various places online to find yourself a card that has no annual fee.

Next it’s time to start looking at the APR (Annual Percentage Rate) that is charged on the card. This figure is the amount of interest that you will have to pay on the balance, so you will want to get one that is as low as possible. If you can avoid paying excessive interest charges then you can put more money back into the business. Credit card companies want your business account, so they offer even more than just good rates, most often offer bonuses as well!

One of the most popular bonuses that is offered is airline travel rewards. With this reward you earn points based on certain purchases that you make which you can then in turn use to pay for airfare and other such charges. This can be really handy if you or some of your employees have to travel often. These points can quickly add up fast and greatly help towards paying for you or your employee’s next trip. As well as this, if you usually use the same airline then you can get a credit card that is sponsored by the airline, so that every time you fly with them you can earn yourself an even bigger bonus.

Some credit cards offer cash back bonuses. The thing is that these bonuses are usually more costly to credit card company, so these cards are more inclined to come with an annual fee which would usually range from between $25 to $100. Due to this, you should only go for a card with this feature if your company is going to make it worth the annual fee.

A credit card is a brilliant way for you to keep track of the expenses that your business runs up, especially if you have to pay out a lot for meetings with clients and other such expenses. This can make things much easier on the accounting side of your business as credit cards come with detailed statements about the expenses. Along with this, once your business has one credit card, you can apply for more should you need extra cards for individual employees who will end up running their own expenses for the business.

The final use for a credit card is that it can be a good stepping stone for building up a good credit report. As long as the monthly repayments are made in time, your businesses credit report will grow and grow, and you can then rely on this to get your business approval when you need it for those bigger loans.

You can build your credit score with a Secured Credit Card.  Also, read Sensible Household Budgeting Tips.

Due to the amount of work you as the owner have to put in, it’s likely that you have very little free time as it is without having to run backwards and forwards to the many different companies offering credit. You can’t just drop everything whilst you spend all this time looking for credit, so what can you do?

Well, if it is time that you are short on then your best option is to go online and see what you can find out. This way involves all the information coming to you, not the other way around, and can all be done whilst you are at your desk either doing other important things or on a break.

Even better is that this information is tied down by normal business hours, it’s available twenty-four hours a day, seven days a week. This means that should you not be able to take the time away from work to do it you can instead do it at home. This can be much handier than having to make time for it when you are already strained to your limit.

Comparison sites now litter the web, which can cut out even more of the work for you. Rather than having to go to many different sites, one or two will do you. These sites will compare the well known companies as well as those less well known and you may even be able to find yourself a deal that you never would have been able to find had you been doing your search in person. As well as this you can have all the information in front of you in one go, so you can truly make an informed choice.

Once you have decided on the card that you , you should go to that particular companies site and start to fill in the application form. Once you have finished and have submitted the information it’s time to play the waiting game. Don’t worry though, you won’t have to play too long as it usually only takes about two minutes! After this time you’ll have received the answer to your application. You may even be able to start buying now, as some cards will give you an initial limit with which you can purchase things online. This can be extremely handy while you are waiting for the actual card to come through the post.

In a matter of days you’ll be holding your credit card, at last able to buy things with it. You can also order additional cards online should you need them for your staff. Having all those staff that run up expenses for your business can be a good way to increase your credit rating, which is as important for business credit as it is for personal credit.

One mistake that many small business owners make is to charge business expenses to their own personal credit card. Doing this can make doing your accounts an absolute nightmare, so it is advised to not do it. Can you just imagine how bad it would be to have to sort through your personal and business purchases? Also, can you imagine how it would look to the taxman as well? The best way is just keep both business and personal credit separate. This can save an awful lot of confusion, and if you want to you can even use the same company for the two different types of credit card.

Learn some bankruptcy alternatives. And read about debt consolidation loans.

In addition offering prepaid credit cards as promotions to get people into their stores, businesses are using them as contest giveaways, rewards and incentives to employees for meeting certain sales criteria or exceeding job expectations, or as incentives to customers to listen to business presentations (think timeshares).

It is not a difficult process for businesses to begin using prepaid credit cards as giveaways. Basically, the business can purchase any number of cards having any denomination they choose, and since they are fully transferable – they can be handed to any customer or employee they want.

A business must only decide a few things when looking to start using prepaid cards in their promotions.: how much money is in the budget for the promotion, how many prepaid cards they want to give away, and where to buy the cards from in order to pay the lowest in fees with the best quality service for the card recipients.

Budget: Figure out the total of your promotional budget for the prepaid credit cards. Once you have this number, you’ll need to locate a prepaid card provider to determine how much you’ll pay in fees to purchase a card. If your promotional budget total is $4,000 and it costs $1 per card in fees, you’ll need to factor in the fees when determining how many cards you can purchase and with what dollar amount loaded on them.

Prepaid Providers: Many vendors, including your local WalMart and other department stores offer prepaid credit cards. If buying hundreds of cards, you may be better off locating a wholesale or bulk-order vendor to keep your fee-per-card lower. Also consider what kind of service your card recipients are likely to receive once they start using the card. Prepaid cards are often reloadable, which means the recipient can make a deposit to put more money on the card once they’ve spent what’s on it. If you choose reloadable cards, it’s a good idea to find cards that offer low fees, good customer service and a variety of deposit methods to make it easy for your recipients to use their prepaid cards. The easier it is for the customer to use their promotional card, the happier they will be and the better they’ll feel about your company in general.

Personalized Cards: Some vendors may make it possible for you to personalize the prepaid credit cards you’re using for business promotions. This would make it possible for you to have your logo imprinted on the cards themselves – a very professional move that will make you stand out over your competition. Customers will immediately associate your business as being professional, and probably a “large” business, whether you are a 2-man operation or a 2,000 man operation.

Other Uses for Prepaid Credit Cards

Prepaid cards are also ideal for gifts to family and friends. You can put them in a personalized greeting card with a suggestion for what to use it for – it’s the same as putting cash in the card, only more fun since the money is on the prepaid credit card.

Prepaid cards make a great gift for graduating seniors or college students and are great for traveler’s who want to avoid carrying cash or traveler’s checks in their pocket.

by: Debbie Dragon