| Making purchases with business card is a convenient | | | | · Are there on-going special offers that would be |
| option for many businesses. The different types of | | | | useful to your business like Air Miles or hotel |
| business cards include debit, credit, charge and | | | | discounts? |
| purchasing cards. When you have decided which type | | | | The same rules apply when choosing a business card |
| of business card you are looking for, you need to | | | | provider for your business credit card. You have to |
| know how to choose the right business card provider. | | | | compare interest rates or what they call as the annual |
| Debit card are chosen by most businesses. Your | | | | percentage rate (APR) - on different deals. Consider |
| business card provider is most likely to offer a debit | | | | also the length of any interest-free period. The |
| card as a part of the package. The leading names of | | | | business card providers for credit card are Visa credit |
| debit business card providers currently are Visa cards | | | | card and MasterCard. You can search online and |
| and prepaid MasterCards, Cash2Go, Cashplus, and | | | | compare business card provider's deals on credit |
| Amex Travellers Cheque Card along with I-Money and | | | | cards. |
| I-Travel. However, for other types of card it is worth | | | | Purchasing cards are for big businesses or |
| considering a wide range of business card providers | | | | public-sector bodies. Issued by companies such as |
| aside from your own bank. | | | | Barclaycard and American Express, and designed to |
| Business Charge Cards | | | | avoid using purchase order forms and the associated |
| Acquiring a business charge card is part of the | | | | paper work. While you wait for your business bank |
| process of owning your own business and offered by | | | | account to be set up, you might decide to use a |
| most business card providers and companies such as | | | | personal debit or credit card instead of a business |
| Barclaycard, American Express and Diners Club. A | | | | card to pay for purchases. However, business debts |
| period of credit is allowed, but must be paid off in each | | | | will be mixed with personal debts and it will be difficult |
| month. You will pay an annual fee, usually at least | | | | to track business expenditure. |
| £35. Many business card providers offer prom on | | | | Whichever type of card you are looking for, it is best |
| rates and charge cards or even merchant accounts. | | | | that you scout and negotiate for the best deal offered |
| Examine different deals with these key points. | | | | by business card providers. Benefits, interest rates, |
| · How much is the annual fee? | | | | interest-free periods, and charges offer significant |
| · Do they charge for every card holder? | | | | differences. Your business card provider may be |
| · Can they give cards individually to some | | | | flexible in amending their terms if you compare |
| employees? | | | | benefits with other providers. Be careful of the |
| · What are the minimum and maximum spending | | | | drawbacks you might encounter like card fraud and |
| limits? | | | | debt. Even if it is your employees fault, your business |
| · Do they charge penalties for late payment of | | | | will still be responsible for the charges. |
| your bill? | | | | |