The reading level for this article is All Levels

In the same way that homeowners with good credit are bombarded with credit card offers, Limited Liability Companies and corporations are too with small business credit cards. “No turn downs” and other such phrases are used to lure business owners into taking part in the credit game. The business credit world is a bit different from the world of personal credit; businesses often generate more money for credit card companies than their personal counterparts, due in part to the higher interest rate and their usually higher balances. However, they do tend to market their cards a little differently, making the competition in this market a little different from the personal credit market.

Small business credit cards usually have similar sales pitches as personal ones: low interest rates, multi-month periods of no interest, point-based rewards and cashback offers as well. Interest rates and the natures of these benefits tend to be similar as well to personal credit cards, though the benefits might be specifically slanted in such a way that appeals to businesses (for example, you will probably see more offers for office equipment and such). The credit limits also tend to be higher for business credit cards.

If you are getting your first business credit card, you will want to look for credit card deals that have a low annual percentage rate, and straightforward cashback rewards. Since you will probably be using your business credit card initially to purchase much-needed items and build credit, these kinds of credit cards will be very helpful to you in that they will keep you from getting over your head with high interest, and practical rewards that are actually useful to you. You also have to be very careful about the fine print of these credit cards; you want to be sure that these are in fact business credit cards, and will not utilize your personal credit (remember, the purpose of business credit is to keep a store of credit available to you without having it affect your access to personal credit). Sudden rate changes and fees are also possible pitfalls that you would be wise to avoid.

On the higher end of the offers, you will find that business credit cards also offer plantinum benefits, including highly luxurious reward offers and, of course, the social status that accompanies expensive credit cards.

Usually, the credit card offers that new businesses have access to tend to be somewhat scarce. For small business credit cards, no turn downs are often an unlikely scenario. Of the 500 available business credit cards available to the public, only about 60 are reasonable deals for newly formed businesses without taking personal credit into account.

This Business article was written by Mark Karavan on 1/1/2010