|
|
|
Your
Cutting-Edge bad credit card Resource
|
 |
Bank/Credit Reviews & Reports |
 |
Resources
How to Save Big Money with a Gas Station Credit Card
By Rosanna Yee
The average American spends over $2000 a year on gas alone. Gas and fuel is a billion dollar industry. How can we save on gas? There are the usual tips offered to you such as keeping you vehicle well Read more...
|
Resources
Discover Small Business Credit Card
By Jeremy Biberdorf
Small businesses can save money on gasoline with gas credit cards too! With the Discover Business Card your business could be saving 2% on gas and 5% on office supplies. Plus you also earn 1% cash Read more...
|
Resources
A Cash Back Credit Card Actually Means Money Back When You Pay
By Hugh Thorpe
Have you ever heard about cash back credit cards? It sounds like a dream come true, doesn't it? Can you really imagine getting money back for all the things you buy with your credit card? It Read more...
|
|
A means of borrowing money from a person or company and returning it at a later date, usually with accrued interest charged on top of the initial sum borrowed.
|
|
#Welcome to
i-prosper.org/Bank/Credit Reviews & Reports - your comprehensive bad credit card
resource.
Below, you'll find extensive information
on leading bad credit card articles and products to help you on your
way to success.
|
Cash Back Business Credit Cards
By Jeremy Biberdorf
A typical small business needs to watch every penny. To last in the competitive business world, you need to maximize profits and just as importantly, reduce expenses. Many businesses don’t realize that they could easily be saving a percentage of their purchases with a cash back business card. Instead of letting bank fees eat away at your profits, your card can work for you.
How can the banks offer cash back for your business?
For decades the banks have been charging high interest rates and eating away at business profits. Businesses would just sit back, hoping the bank would eventually give them a better interest rate. Times are changing though. Today the card market is very competitive. A business can now choose between cards from nearly any financial institution.
As the banks compete, they are offering cards with better perks and rewards. If your business needs to travel a lot, you can get airline points. For a business that drives a lot, there are gas station rebate cards. Many larger stores even issue their own cards with special in store rebates. These cards lacked flexibility though. So as competition in the card market increased, card issuers resorted to offering cash back cards.
The banks can afford this to attain a new customer. The cash back is balanced out by interest charges and other fees. So for most people the cash back is just a savings on their bank fees. Plus these same customers might require additional financial services. The banks definitely aren’t losing much money by offering cash back.
Are cash back business cards just a scam?
No they are not a scam. These cards actually do give your business money back. You just need to be familiar with any restrictions. Most cash back business cards have a maximum annual cash back limit. Other cards have different cash back terms based on the card purchase type. For example, you might get a different cash back percentage at a gas station compared to a grocery store or office supply store. Some cash back cards also have a minimum spending before points can be redeemed.
To get the most out of a cash back card, you need to be disciplined. It is very tempting to put extra purchases on your card to get more cash back. Only use this strategy if you are able to pay off the card every month. Otherwise you would just be accumulating
|
|
Here are some more quality articles in several
websites related to credit :
|
|
more interest charges. If you can pay the card off every month, try to use your card more instead of cash or checks.
For some businesses the cash back maximum can also be a problem. A business with high operating expenses could easily reach the annual cash back limit in a very short time. If this is the case, consider getting a different card to use once the limit has been reached. Some newer cash back business cards offer no limit on the amount of cash back you can earn.
Before applying just read the terms and conditions of the card. Many cash back cards use phrases like ‘up to 5% cash back’. This usually means that you can only get that cash back percentage for just one type of purchase or there is some other catch.
Despite certain card restrictions, a cash back card is a very good idea for your business. Your business could be saving thousands of dollars on your business expenses. Just take the time to compare different cash back business card offers before you apply.
Jeremy Biberdorf writes for http://www.smallbusinesscreditcards.net - a directory of business credit cards from top issuers such as American Express, Discover, MasterCard, Visa, Advanta, Chase and CitiBusiness. Compare Business Credit Cards, including cash back business credit cards
|
|
We strive to provide only quality articles, so
if there is a specific topic related to credit that
you would like us to cover, please contact us at any time.
And again, thank you to those contributing daily
to our bad credit card website.
|
|
