It would be great if money really did grow on trees, but thankfully, a business credit card provides the next best thing. With the help of a little plastic, your company can make the crucial purchases it needs to be successful.
In May 2012, the National Small Business Association Small Business Access to Capital Survey found that 37% of small business owners rely on credit cards to help them meet their capital needs. Though a business credit card can provide some serious buying power and valuable rewards to boot, it’s important that you know what you’re getting into before signing on the dotted line.
Many credit card companies provide alluring introductory offers and rates, but it’s important to be aware that as many as 80% of cards have “an ‘any time’ change-in-terms clause with no right to opt out, which gives the bank issuers the right to change account terms at any time with little or no notice.” Given this scary statistic, it’s important to do your homework and read the fine print before selecting a credit card for your company.
In order to help you navigate the muddied waters of business credit card options, we created the Business.com Business Credit Card Comparison Chart. It contains the major players in a side-by-side format that helps you best identify which card is best for your business.
Download it now to get started.