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