In addition, you can look
into getting business credit cards to help mitigate damage done to your average age of accounts.
Not exact matches
There are different options for people and
businesses if they
get into a bind — using a
credit card, taking a cash advance, a short term loan, etc..
If times
get tough for the
business and the owner can't make a
card payment, they have to dig
into their personal savings in order to keep the account current — or risk a hit to their personal
credit.
Interesting that
credit card companies are
getting into the savings
business.
However,
businesses whose spending doesn't fall
into these categories will likely
get better value with the Ink
Business Unlimited ℠
Credit Card.
Bottom Line: If any of your
businesses» expenses fall
into the SimplyCash ®
Business Credit Card from American Express cash back reward categories, we recommend
getting it.
That being said, I have never had a
credit card and I have been looking
into getting a Best Buy
credit card so I can finance an iMac and start my own photography
business.
There is no preset time frame for when you may
get an upgrade
into an unsecured
business credit card.
Business credit cards can have limits into the thousands, and may be easier to get than a traditional busine
Business credit cards can have limits
into the thousands, and may be easier to
get than a traditional
businessbusiness loan.
If your
business doesn't crack the high standards of a bank or the SBA, but your financial needs easily fall
into your approved
credit limits, then a
business credit card can act as a means to
get fast funds.
This is probably the most cost - effective option if you want to continue bringing
business partners
into the lounge with you, but you won't be
getting the
credit card benefits of the Amex Platinum or Delta Reserve.
You may not think applying for
business credit cards sounds appealing right now but if you
get into the rewards game heavy, you will likely revisit your opinion on that.
One of the lesser - known ways to
get great value out of your
business credit card rewards is to transform them
into frequent flyer miles.
Make sure you've opted
into receiving promotional offers from AMEX (see How to
Get Targeted for 100,000
Credit Card Bonus Offers) and monitor your snail mail for any 100K or even 150K signup bonus offers for AMEX, for example this 150K AMEX
Business Platinum Bonus Offer (Targeted) that one of my clients received.