U.S. News & World Report: Best Business Credit Cards of 2017
Wednesday, November 15, 2017
U.S. News & World Report recently published a guide aimed at improving financial literacy among small business owners who are exploring ways to help finance their operation. The guide breakdowns when a credit card makes sense for a business, their benefits, as well as strategies and best practices to minimize risk.
Access to credit can be difficult to come by and expensive for small businesses. Small business credit cards can be flexible, invaluable tools for business owners facing short-term cash crunches. Interest rates can be lower than they are for other convenient sources of credit, such as advances against accounts receivable or credit card receipts and unsecured loans available from small business lenders on the Internet. Thanks to credit card incentive and rewards programs, it may make sense for business owners to route as much of their normal expenses as possible through their business credit card.
For business owners who spend a significant amount on business expenses each month, they may want to consider applying for a business credit card. However, it’s important to understand the benefits and drawbacks of business credit cards as well as the wide array of offerings on the market.
For more information on the benefits of business cards and the best business credit card for small businesses, click here.
For other business resources, visit the Greater Irvine Chamber business resources webpage.
Category: Business News