Small business credit cards are issuable once your business has been legally established, has a tax registration, and a business credit profile. If you haven't yet started a profile with Dun & Bradstreet, it would be wise to do so. Once you have a credit profile, you will have a Paydex score, which is very similar to the Fair Isaac Score, except for businesses. Completed transactions will now be logged into their systems, thus producing an overall credit score to help lenders make decisions.
Now that you have an account set up, it's time to get some business cards. Unfortunately, small business credit cards are reluctant to issue to startup businesses, so you may want to check with NewHorizon.com or business.com to see what offers are available for small business cards. Remember to always read the fine print and make sure that the offers you are getting are business cards and do not factor into account your personal credit in any way. Seeking the aid of a colleague might also help. Small business credit cards provide many of the same benefits that personal credit cards offer: bonuses, low-to-no intro rates, and possible rewards and cashback systems. They also offer slightly higher interest rates and much higher balances. Once you have applied, of course, you can go about building credit more easily and in the future be eligible for much larger credit cards.
. Article on help small business credit cards by Mark KaravanCopyright © 2002-2011 Zeromillion.com. All Rights | Virante