Category: Business Credit Cards

Complete Guide to Credit Card Balances, When to Pay and When to Hold for SMBs

Complete Guide to Credit Card Balances, When to Pay and When to Hold for SMBs

Key Takeaways Business credit cards offer the ability to buy now and pay later, which can improve business cash flow. Many cards also offer the option to pay in full to avoid interest, or carry a balance over time and pay interest.  Statement balances, current balances and utilization can affect business credit and/or personal credit scores.  “I'm a big proponent of credit cards for my businesses,” says entrepreneur Brooks Conkle. “For one, using a credit company adds a layer of… Read More
What Are the Key Features of the Best Fleet Cards?

What Are the Key Features of the Best Fleet Cards?

If you’re a business owner who spends a lot of money on fuel costs, a fleet card may help you save money and control fuel costs. Here are some of the most important considerations when you choose the best fleet fuel card for your small business.  Wide acceptance Acceptance is one of the most important criteria when choosing a fuel card. You need a card that will be accepted where you or your drivers need to use it. Generally, cards… Read More
Nav vs WalletHub: Which Credit Service is Best for Your Business

Nav vs WalletHub: Which Credit Service is Best for Your Business

Checking your credit on a regular basis is important, whether you’re a consumer looking to make better credit and financial decisions, or a small business owner hoping to do the same.  With dozens of places where you check and monitor your credit reports and scores, you may not be sure what service will work for you. Here we’ll analyze two options: Nav and WalletHub.  Keep in mind that Nav is designed for small business owners, while WalletHub is focused on… Read More
US Credit Card Debt at All Time High: Small Businesses Owners Impacted

US Credit Card Debt at All Time High: Small Businesses Owners Impacted

Key takeaways:  US credit card debt has been growing significantly in recent years. More Americans are falling behind on payments. Small business owners may be impacted directly or indirectly.  Small business owners may feel the impact of rising credit card debt in a number of ways. As credit card debt climbs along with delinquencies, credit card issuers begin to become more careful about who they issue credit cards to, and the credit limits they offer on those cards. This can… Read More
What Small Business Owners Should Know about 0% APR Credit Card Offers

What Small Business Owners Should Know about 0% APR Credit Card Offers

Given the opportunity to borrow money with no interest to start or grow their business, many small business owners would jump at the chance.  By using business credit cards with 0% introductory APRs, many small business owners are able to access interest-free financing for a period of time.  0% intro APR business credit cards offer small businesses flexible financing— and many times at little to no cost. Some cards also offer rewards like cash back or travel rewards. But there… Read More
The Biden Plan to Cap Credit Card Late Fees and Does It Apply for Business Cards?

The Biden Plan to Cap Credit Card Late Fees and Does It Apply for Business Cards?

I was on vacation when I forgot to pay one of my credit cards. When I returned home a few days later I got a notice that my payment was late, and that my account was assessed a late fee.  I was annoyed at myself—and by the fee—but at least I could take comfort in knowing I’m not alone. The Consumer Financial Protection Bureau (CFPB) reports that American consumers are charged some $14 billion a year in late fees.  That… Read More