Credit Card for Small Business

Ramond V · U POSTER Joined: 20 Nov 2007 Posts: 31

If a business' got total transactions of about $5,000 a month,what credit card would be the best choice for us? I'm looking for a card with rewards program, preferrably with miles or an option to trade points for miles. Are there special credit cards for small business? Or they are all the same and credit limit is the only difference?

Steve B · Joined: 06 Feb 2008 Posts: 46

You can check Business Credit Cards category at creditcardmix.com.
Personally, I prefer Business credit card with NO annual fee and relatively low APR!!! I think it is more important for business spendings than miles rewards.
Anyways, if you are looking for rewards program take a look at American Express Business credit cards. AMEX offers great benefits for their customes. Iam sure that you can turn your points into miles with them!

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Ramond V · U POSTER Joined: 20 Nov 2007 Posts: 31

Thank you for your post Steve. I can cover my expenses with cash every month. So, for me it’s not that crucial to have a low interest rate, although I don’t want to pay annual fees. You are right about that! It will probably eat up quite a bit off rewards that I’d collect. I just thought I’d get a card that gives me something extra as I spend my money for business. Certainly it would be nice to collect points and use them for a trip once a year for my, usually, short vacation.

bigD · Joined: 05 Feb 2008 Posts: 50

Ramond V · U POSTER Joined: 20 Nov 2007 Posts: 31

Thanks a lot for your advice. I'll be looking to get my card as soon as possible. This interest rate cut that they just announced should help me to get a good deal! Hope small business owners will take advantage of the situation and get a card or two to diversify their financial stream. Good luck to all!

ADVANTA PLATINUM BUSINESSCARD WITH UNLIMITED REWARDS