Business Credit Cards for Awesome
Credit - Knowing The Opportunities
If folks have
Credit, how can they
know which Business Credit Cards
to pick when there are so many choices?
This article will discuss several types
of cards to give you a helpful outline
of the advantages of each:
Money Back - With a Money Back
card, customers are offered a refund equal to
a fraction of their transactions. For instance,
if somebody has a Money Back
solution that awards 5% cash back
on supermarket, gasoline, and drugstore
items, as the rebates add up they earn cash value. If you
pay a hundred fifty dollars in gasoline, groceries,
and pharmacy items weekly, at
the completion of a 12-month period, almost $400
in cash back rewards would have accumulated.
Rewards Points - In lieu
of providing cash back, some lenders
offer points programs. Customers get
rewards for making purchases. With each swipe of the card, the rewards
increase. When you earn enough points they can be redeemed for all kinds of goodies including
free hotel stays, gifts, magazines, and so on.
Be sure to find out if the Business Credit Cards
for Awesome Credit you are considering offers
Gas Rewards - Companies
can be considerate of the price
of fuel and want to reward
their customers for their purchases by rewarding them with a free
fuel card. As the card is used, points are accumulated. Once a certain number of points are earned they can be turned in for a
free prepaid gas station card. The funny thing is, with some cards gas rewards can even be earned
while making gas purchases.
Reward Points Toward Free Rental Car Upgrades, Hotel Rooms, or Frequent Flyer Miles - When purchases are made with this kind of card, redeemable points that can be used for free travel arrangements including airline travel are accumulated. After an accumulation of a certain number of points, they can be applied toward all kinds of travel arrangements including free air travel. This kind of card is great for business travelers.
Zero Percent Introductory Rates - Finance charges are not applied on these cards for a specified amount of time.
This time period typically lasts anywhere from six months up to a year.
Most times, customers are advised to utilize this time
to shift balances from their high interest Business Credit Cards
to one like this and pay it off while there are no finance charges being accrued. Making monthly payments on time is incredibly important.
When a payment is paid after the due date, most
the introductory rates are changed to a higher
rate. Folks that are applying for
Business Credit Cards for Awesome
Credit, and have the opportunity to sign up for an interest free period
ought to consider this type of card.
Secured Cards - People with one of these
would deposit a specified amount of cash into a savings account.
This account serves as the security for the issuer. Then, a card is
extended to the applicant with a line of credit equal to
the amount that has been deposited in the account. Each time you swipe your card the amount of that transaction is deducted from your available credit balance, low rate
monthly payments are computed, and a bill
is given to you. If the card is active an affordable repayment plan will be created. Secured Cards
are good because they operate the same as
standard credit cards allowing you
to complete all kinds of transactions including booking travel arrangements like hotels, rental cars, airline tickets, or cruises
that sometimes do not accept debit
cards. However, just like prepaid cards approval is usually
guaranteed even if your credit is poor. This can help in the rebuilding process because many
credit-rebuilding card issuers submit whether or not you are keeping up with your payments
to be added to your credit profile. This is a remarkable
way to prove you are creditworthy by showing scheduled
payments whether you have Awesome
credit or not. After making
six to twelve consecutive timely payments, most times the bank that gave you the card will allow you to make purchases over your current limit without
asking for additional collateral.
Pre-paid Credit Cards - With
a Pre-paid card, you get out of it exactly what you put in. Just like
a regular bank account, you put money in and that is
your spending limit. After the prepaid credit card
balance becomes depleted, simply put more cash into the prepaid account and your card will be ready for use once again. Reloadable prepaid credit cards
are good for financial planning, transactions can be tracked and recorded if necessary, and they help people that cannot
obtain a traditional banking account.
Quick approval is generally guaranteed regardless of
your credit profile and there is
no need for the prepaid card issuer to deal with the three bureaus.
With all of the diverse varieties
of Business Credit Cards
for Awesome credit and
benefits that exist, it is easy to identify the best solution for your situation. Seek
Business Credit Cards that allow for the most rewards. When you receive your card be sure to
spend wisely and pay the bill on or before the due date. Excellent credit is a terrific
thing to have.
To make certain that you keep building a superb credit profile, obey these general guidelines:
1. Maintain your outstanding balance less than the
credit max. In other words, do not
"go wild". It is smart to maintain
a bill that is no more than half
of the maximum spending limit on any
Business Credit Cards for Awesome Credit.
2. Make at least the minimum payment as scheduled. Even if a small payment can be made, that will be just fine. When payments are made more than 30 days late, it may be reported to Experian, Equifax, and Trans Union. This could bring down your credit score. Unfortunately, when this happens you may also be assessed more points on the card's interest rate as a consequence of something as small as a delayed payment. Thus it is smart to pay the bill.
3. Repay the whole thing off every time your finances will allow.
If the card is used a lot, try to
take a few months and pay it off as much as possible. Once you do this go ahead and
begin creating transaction activity (like buying gas, shopping online, or making purchases) then pay it off once again after over the course of a few billing cycles, and don't stop this habit.
This pattern confirms to the lenders
that you will be an excellent credit candidate. Most lenders reward customers like this with
low rates, a higher credit max, and a better credit profile.
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Business Credit Cards
for Awesome credit
are easy to find. Click here
to get approved for a card that suits