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Getting a business credit card is a very essential part of the business building process. Business credit cards function very similarly to personal credit cards, although they are based on the Paydex score of your business credit card. There is also another very useful characteristic of the business credit card: high line of credit. Although business credit cards tend to carry higher interest rates, the higher limit of the credit line makes them vastly more useful for the purposes of making business purchases…much moreso than the personal credit cards one would use in a sole proprietorship.
Setting yourself up with a business credit card is very easy, you simply need to organize your business with a corporation or limited liability company, and be registered with a business credit reporting agency. Once these steps are completed, you can start hunting down a deal on a business credit card. High line of credit should be one of your primary search criteria, but if you are getting your first card, you simply want to make sure that the business credit card you are selecting is tied exclusively to your Paydex score and not your personal credit score.
A good place to look for a deal on a business credit card is at Newhorizon.com. Newhorizon offers a wealth of different categories on credit card deals, as well as other loan deals such as mortgages and lines of credit, that one can search according to their credit needs. If you are looking for a business card with a very high allowance, simply select business credit card, high line of credit, and follow the options that appear. This will steer you to a business credit card deal that is right for you.