Are You Getting the Most Out of Your Business Credit Card?
Maximizing the potentials of your business credit card begins with choosing the best one from among hundreds in the market. When doing so, particular aspects of business credit cards need to be understood as their features and services, not to mention the roles they will be playing, would vary from business to business.
Bottom line: there is not one business credit card for all. The sheer number of business credit cards in the market means more options to choose from. Conversely, this translates to more difficulty (for the entrepreneur or business owner) in finding the right business credit card for him or her. Again, the term right business credit card would be a subjective one.
The perfect business credit card for one entrepreneur could be viewed as a lousy one by another. That doesn't mean however, that the latter has no program or membership advantages to boast of - just that it's not suitable for the client's needs and demands.
If you're wondering how to get the most out of your business credit card, the cardinal rule would be to ASK.
Business credit card companies are more than willing to present their product's unique selling proposition to you. So if a bank representative walks up to you or sends an email with a business credit card offer - all you have to do is ask them: "What's in it for ME?"
From there you'll be pleasantly surprised at what business credit cards nowadays have to offer. The truly competitive ones have managed to add a business spin to the best features and services of a personal credit card and extend that coverage to several card holders.
Let's take credit limits as an example. If you were a personal credit card holder and you issued supplementary credit cards to your family members, you are merely dividing your personal credit limit among all the members of your family. Whereas if you opened a business credit card account, you could assign individual credit limits to your nominated card holders (maybe account executives or managers who need to have an open line of credit at hand) and still enjoy a separate credit line for major expenses.
If you're a newbie business credit card holder, here are a couple of ways to check if you're making the most out of your corporate credit card account.
For businesses with above average travel requirements, your business credit card should have a well-established incentive program such as: travel miles for airlines, free shuttle services from the airport to a hotel, car rental services, and accommodation packages or discounts.
Ask about Rebates and Rewards Yes, you're a businessman, so getting the most value out of your money is important to you!
For all the spending you have done, you should get a percentage or rebate from your business credit card company. Whether you spent a dollar or a thousand dollars for your business, you should be getting a portion of that amount back - and this is a general rule that applies to all card holders - all the time.
More info: [http://www.bizcreditcards.org]
Bottom line: there is not one business credit card for all. The sheer number of business credit cards in the market means more options to choose from. Conversely, this translates to more difficulty (for the entrepreneur or business owner) in finding the right business credit card for him or her. Again, the term right business credit card would be a subjective one.
The perfect business credit card for one entrepreneur could be viewed as a lousy one by another. That doesn't mean however, that the latter has no program or membership advantages to boast of - just that it's not suitable for the client's needs and demands.
If you're wondering how to get the most out of your business credit card, the cardinal rule would be to ASK.
Business credit card companies are more than willing to present their product's unique selling proposition to you. So if a bank representative walks up to you or sends an email with a business credit card offer - all you have to do is ask them: "What's in it for ME?"
From there you'll be pleasantly surprised at what business credit cards nowadays have to offer. The truly competitive ones have managed to add a business spin to the best features and services of a personal credit card and extend that coverage to several card holders.
Let's take credit limits as an example. If you were a personal credit card holder and you issued supplementary credit cards to your family members, you are merely dividing your personal credit limit among all the members of your family. Whereas if you opened a business credit card account, you could assign individual credit limits to your nominated card holders (maybe account executives or managers who need to have an open line of credit at hand) and still enjoy a separate credit line for major expenses.
If you're a newbie business credit card holder, here are a couple of ways to check if you're making the most out of your corporate credit card account.
For businesses with above average travel requirements, your business credit card should have a well-established incentive program such as: travel miles for airlines, free shuttle services from the airport to a hotel, car rental services, and accommodation packages or discounts.
Ask about Rebates and Rewards Yes, you're a businessman, so getting the most value out of your money is important to you!
For all the spending you have done, you should get a percentage or rebate from your business credit card company. Whether you spent a dollar or a thousand dollars for your business, you should be getting a portion of that amount back - and this is a general rule that applies to all card holders - all the time.
More info: [http://www.bizcreditcards.org]
