by: Steve Faber
Credit is vital to make almost any business operate at peak efficiency. Credit works as financial lubrication to maximize growth and allow for seasonal fluctuations in business. The largest category of business credit is the credit card. These are used by almost all businesses, and can be a vital step in building business credit to the point where a principal or owner's personal guarantee is no longer required for credit such as vehicle leases, inventory, or equipment financing.
Finding the best business credit card requires a careful analysis of your specific business requirements. What are you going to be using your credit cards for? If a majority of the card's use will be for travel, choosing a card that has rewards and discounts that can be applied to offset travel expenses and get discounts from hotels, air carriers and car rental companies.
If you will be using your business' card for recurring expenses such as office supplies and fuel, a rewards card that gives vendor discounts and supplier rewards can be a good choice. Many business supply firms, oil companies, and vehicle manufacturers offer cards with rewards that can be redeemed for their merchandise.
What ever special benefits your credit card may confer to the user, the first step is to make sure the basics are covered. The best business credit card for you should have a low interest rate, attractive fee structure, and good customer service. If the basics aren't in place, the other details aren't nearly as important.
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