Major credit card issuers often direct marketing to small business owners by offering some attractive incentives. Entrepreneurs often rely on credit cards for cash flow issues and for business purchases.
ResourceNation recently wrote about the benefits small business’ can enjoy with credit cards. However, they caution that if you use your Social Security Number instead of a federal tax id number your personal credit record could be affected if you miss or are late with a payment. Additionally, the CARD Act of 2009 does not include small business credit cards. This could possibly lead to double-cycle billing or unexpected interest rate hikes.
Knowing that, many small business’ still desire a business credit card. The following are some of the perks card issuers offer with such credit cards.
- Signup Bonuses – These often range from $200-$500 depending of spending amounts and credit card companies.
- Travel Rewards – Personal as well as business accounts have enjoyed miles and other travel reward programs. Often miles can then be saved up and used for various travel expenses, like airfares, hotels, and gas.
- Online Ad Management – This perk only started being offered recently. The AdManager, launched in 2011 by American Express OPEN, is a tool that helps small businesses create and measure the effectiveness of online ad campaigns.
To read the entire article go to http://www.resourcenation.com/blog/500-for-signing-up-5-best-perks-in-small-business-credit-cards/35869/