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

The hot summer weather has started. How much does central air conditioning cost? We give our advice on where to buy Purell and hand sanitizers. Looking for an indoor pet? Usage of streaming services is skyrocketing. We list the current deals. Staying cool during the summer also means on the road. We cover the cost of car air conditioning.

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

economics Paid: 200.00 ... [more] -rishabh sharda Summer School Cost Cost of painting a car Paid: 1500.00 I've been doing body work and painting cars for nearly 40 years and watch the cost of paint and materials increase drastically. The old saying you get what you pay for absolutely applies to painting a car... [more] -D's Nutz & Bolts Auto Painting Cost Bookkeeping,Payroll,legal issues for llc, and tax prep Paid: 400.00 new business looking for bookkeeper, tax prep , and knowledge of LLC regulations and required tax forms sent out for states requirements (Arizona)... [more] -Bonnie Rose (Owner)/A.Freeman Bookkeeper Cost Clearing land and debi Paid: 300.00 Burnt trailer needs bee tore down and drive way needs to be pushed some trees has falling down... [more] -Jewel singletary Backhoe Cost 1 hour later, no results, no Paid: 1956.00 I was charged already by University Physician Group:$190 for Spiromatry$40 for the test$30 for CO2 Diffuse CapacityI spent $40 on the copayI was later sent a bill for $1,956 additional directly from the hospital and not insurance paid... [more] -Robby E. Pulmonary Function Test Cost Foundation Repair Paid: 22250.00 1800 Sq ft house, 1 level:Diagonal cracks in brick all around the house; exterior right front wall of attached garage appeared to have heaved; patched interior walls were revealed as cracks after purchase; door casings separated at top corn... [more] -Cheney Foundation Repair Cost