Business Credit Card Cost

• Interest rates vary from 8-24 percent; some charge zero interest for the first 6-15 months. Most charge no annual fees, although for a few the first year is free and then it's $75-$125 a year to keep the card.
• Cards where the balance must be paid in full each month charge no interest, but generally come with an annual fee of $95-$125.
• In addition to the usual rewards available with a personal credit card, a small business card can offer a range of discounts on travel, shipping, cell phones, copy and printing services, computer hardware and software, and more. These business discounts are usually deducted automatically on the monthly statement, without having to apply. Some cards with these business-oriented discounts have no annual fee; others are free the first year, then jump to $75-$125 a year.

• It might seem easier for entrepreneurs and small business owners to simply use their personal credit cards when needed, but having a company card keeps the records separate and establishes credit in the business name. Credit card companies often offer better interest rates, higher or no spending limits, and tailored discounts for small businesses. BusinessWeek Online^[1] explains "Why Your Biz Needs Its Own Plastic."
• Many small business credit cards come with multiple cards under one account, so employees can have cards for expenses with the business owner retaining control on how much can be spent and on what type of purchases.

• Most major credit card companies are aggressively pursuing the small business market, which means better terms and benefits for cardholders. For example, Advanta specializes only in credit cards for small business owners. BusinessWeek Online^[2] provides quick tips for choosing the right card and Gaebler.com^[3] gives specific recommendations.
• It's always good to check with your own bank about a small business credit card, especially if your business bank account has a good track record.
• IndexCreditCards.com presents lists and links for business cards with low interest rates^[4] or rewards^[5] .
• Also, CardWeb.com offers comparisons and links for a wide range of business credit cards.

1.  www.businessweek.com/#missing-article
2.  www.businessweek.com/smallbiz/tipsheet/06/10.htm
3.  www.gaebler.com/Small-Business-Credit-Cards.htm
4.  www.indexcreditcards.com/businesscreditcards_lowinterest.html
5.  www.indexcreditcards.com/businesscreditcards_rewards.html

Check Out All Costs for Small Business		How Much Does a Business Sale Attorney Cost?		How Much Does a Motivational or Keynote Speaker Cost?		How Much Does Payroll Service Cost?

Today's Featured Cost Articles

Looking for help to take care of your garden? How much does garden service cost. The hot summer weather is here. How much does central air conditioning cost? Usage of streaming services is skyrocketing. We list the latest offerings and deals. Staying cool during the summer also means on the road. We cover the cost of car air conditioning. A BBQ grill can come in handy during the summer.

About CostHelper

CostHelper is based in Silicon Valley and provides consumers with unbiased price information about thousands of goods and services. Our writers are experienced journalists who adhere to our strict editorial ethics policy.

CostHelper Community

Low cost baby shower Paid: 600.00 I spent about $200 on food/snacks/simple decor- where I served Packaged desserts (due to covid) and deli sandwiches, bbq chicken and Bread/cheese/fruit... [more] -Mommy to be Baby Shower Cost TSLIM Insulin Pump Paid: 1131.20 I have Federal Blue Cross, the most expensive Self Plan. The insurance company paid $5,584.20 for the TSLIM, and I paid $1,131.20 out of pocket. Medtronic Insulin pump was quoted at the same price... [more] -Read by EOB Insulin Pump Cost Prescription Eye Glasses Paid: 380.00 Eye exam was less than $60. Frames alone were about $118. Extra-wide progrssive lenses an additional $80. Polycarbonate thin lens with blue light filter, UV protection, anti-glare, 1-year warranty on frames & lenses... [more] -Lady 70 Eyeglasses Cost About the free dog food Paid: 100.00 I'm a 70 year old retired senior citizen I have two dogs Lily is Irish Terrier weighs about 15 lb very good dog Jade is a blue nose pitbull and she's 5 months old and weighs about 55 lb cost me $100 or better a month to feed them I like to ... [more] -Robert moneyhan Dog Food Cost DIY Front End Paid: 965.00 Front: 2xCV axel, 2xball joints, 2x Sway bar end links,sway bar bushings, 2xrotors, 2x brake pads. $500Rear: brake pads. $35New Tools (yay!):3 ton floor jack, 20v impact wrench, 2x Jack stands, tube lock-tite, can of pb blaster. $430.$965... [more] -Mr. Gillis Car Suspension Cost Fujitsu split single unit Paid: 3400.00 I was charged 3400 which include electrical work. The contractor was referred to me by a neighbor. I asked about a rebate and was informed the cost included any rebate money and he (the contractor) would take care of it... [more] -A wary lake resident Ductless Air Conditioner Cost