Choosing the Best Business Credit Card

The credit card is a small plastic card issued to customers as a system of payment. This plastic card allows its owner to buy things on the holder's promise that he will pay for these goods. The holder in real borrows money from the credit card company and later returns the money to them. Credit card is different from a charge card, a charge card requires to pay the amount of money borrowed each month while credit card holders are subject to the interests being charged. Businesses today are also using credit cards to solve their financial issues and so people are looking forward to choose the best business credit cards available.

With the increasing number of people using business credit cards the credit card issuers and banks are also expanding their offerings. It is often an easy way for startups to start by opening a credit card account. A credit card account is a good way of establishing credit on a business’s name. According to a survey conducted in 2009 credit cards were the most used spending method with 59 percent of all small businesses choose credit cards while the rest said that the services and the terms of their credit card company got worse with time. This makes it clear that not every credit card is right for your business. One should choose that can work for him.

A best business credit card can give your business flexibility and help it expand rapidly. Business credit cards can offer you a big number of benefits. A major reason to get a business credit card is that it can help you manage your business and personal expenses separately. Nate Wenner, a financial planner and certified accountant describes a good credit card as he says,

"A good credit card with appropriate features can be a time-saving, administrative advantage for their business management,"

A best business credit card offers your business some protections. While you spend cash or check and something goes wrong credit card will always protect you from such mishaps. Also credit cards eliminate your need to carry heavy cash for your business.

Business owners now have to choose from a wide range of credit cards available, which makes it difficult to choose the best suitable for them. So, when you are about to open a credit card account you must consider the following things:

• Choose a credit card that won’t hurt your personal credit rating:
• Pick a card that will help you build your business credit rating.
• Choose a card that will offer you the best deal.
• Choose one you’ll get.
• Get a card with great perks.

Some major companies that offer best business credit cards are:

• American Express
• Bank of America
• Capital One
• Chase
• Chase(bank one)
• Citibank
• Discover
• Mastercard
• MBNA
• National city
• Providian
• US Bank
• Visa card
• Wells Fargo

Over the years credit cards have also changed a lot. Today they are very helpful for business owners and employees. So, if you are a business owner who pays balance every few days, you need to apply for the best business credit card suitable for you.