5 Common Problems Businesses Face With Credit Cards

Business credit cards are great for people that need some extra financing at the beginning. Take a look at this article to find out how to select the best card for your business.

If you have recently opened a small business then you may be considering using business credit cards to help finance some of your expenses. Here are 5 things to help you figure out which business credit card would be the right one to use.

Business Credit Card Comparison

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	Citibank CitiBusiness Gold	Earn 1.25 reward points for every $1 spent – with no point expiry. 1 reward point is redeemable for 1 frequent flyer point among other rewards. Access up to $60,000 in credit limit. Complimentary International Travel Insurance and Business Concierge service.	0% for 4 months (reverts to 20.74% )	0% for 4 months	$149(half-price annual fee in the first year)	21.49%
	American Express Platinum Business Card	Better track and manage your business expenses with the American Express Platinum Business Card	%		$1200
	American Express Gold Business Card	Reward yourself and earn 25,000 bonus points when you spend $50,000 each year.	%		$169
	American Express Qantas Business Card	Earn Qantas Frequent Flyer points on every dollar spent with the AMEX Qantas Business Card. Redeem for Qantas and Jetstar Any Seat Rewards.	%		$299
	American Express Business Accelerator Credit Card	Receive 2 Membership Rewards points for every $1 dollar spent	20.74%		$160
	ANZ Frequent Flyer Platinum American Express/Visa	Earn Bonus Qantas Points.. Also earn up to 1.5 Qantas Frequent Flyer points via AMEX. Includes extended warranty, overseas travel and medical insurance, 90 day purchase security insurance, and exclusive bonus offers and access to Visa Platinum Concierge.	19.74%		$295	20.99%
	American Express Velocity Business Card	A truly dedicated business rewards credit card. Download all your card expenses in a format readable by Quicken, MYOB, Microsoft Excel and more.	%		$249
	Westpac Earth Platinum Cards	Greater introductory point offers and better conversion rate than Earth Gold. Plenty of travel insurance/benefits.	19.99%	0.99% for 6 months	$250	21.49%
	Westpac Altitude Platinum Cards	Redeem Altitude points for flights on any of the world’s major airlines. Receive 15,000 points when your card is first used. lots of Platinum benefits and privileges. Everything included in the Gold Altitude, + More.	19.99%	3.99% for 6 months	$295	21.59%

Best Small Business Credit Card

The CitiBusiness Gold Credit Card is an excellent option for a small business credit card, giving you the benefits of better record keeping on your purchases and the ability to earn Qantas Frequent Flyer points

• $149(half-price annual fee in the first year) annual fee
• 0% p.a. for 4 months (reverts to 20.74% p.a.) on purchases
• 0% p.a. for 4 months on balance transfers
• Cash Advance Rate of 21.49% p.a.
• 55 days interest free
• Minimum Income Requirement of $30,000 p.a.

Read the Citibank CitiBusiness Gold terms and conditions.

Finding the right business credit cards:

1. Introductory offers
   As a small business owner you should be very careful with introductory offers. Sometimes these low interest benefits are only short-term, and you may not be able to pay back the amount before the introductory period is over. If you feel that offers for business credit cards are too good to be true, then make sure you carefully read through all of the terms and conditions. You should also do more research about a card before deciding on one.
2. Credit score
   A good credit rating will help you get a better interest rate on business credit cards, so take the time to shop around for the best rate. Once you have a business card you’ll have easier access to other financial options including loans.
3. Special features
   You will find that small business credit cards take into account the needs and financial risks of entrepreneurs. When examining the features on the card, consider whether you are able to pay off the monthly balance regularly by examining your monthly expenses and determine whether you have access to any outside funding.
4. Payment plan options
   Before deciding on a credit card make sure that you read all the fine print so you are aware of the minimum monthly payment required on the card. Make sure that you have enough money to meet any deadlines for payments. You should look for a low interest-rate business card so that you can keep your balance low if you are unable to pay off the monthly payments.
5. Organization
   If you can get a card for business expenses exclusively you will be able to organize your money better. You will have better control over your budget by being able to keep your business and personal credit separated.

Follow these guidelines for business credit cards and you’ll be able to make a better comparison when you are shopping around. There are some great deals happening for these types of credit cards, and with proper handling they can help you get your business off the ground.

Check out today's featured offers:

Westpac Low Rate	Citibank Clear Platinum	Qantas AMEX Discovery	ANZ Platinum
0% p.a. for 6 months on purchases & balance transfers	2.9% p.a. for 12 months on balance transfers	$0 annual fee Up to 10,000 Bonus QFF Points	0% p.a. for 6 months on purchases & balance transfers

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Popular Credit Card Offers

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	Westpac Low Rate Card - 0% Offer	A credit card with a low rate offer on both balance transfers and purchases, plus a low annual fee.	0% for 6 months (reverts to 13.49% )	0% for 6 months	$45	21.49%
	Citibank Clear Platinum Card	Competitive interest rate on purchases and balance transfers offer.	11.99%	2.9% for 12 months	$99	21.74%
	St George Vertigo	Take advantage of this great offer from St.George with a low rate on purchases and a low balance transfer offer.	13.24%	0.99% for 12 months	$55	21.49%
	ANZ Platinum Credit Card	An introductory interest rate offer on balance transfers and purchases, plus a $0 first year annual fee.	0% for 6 months (reverts to 19.24% )	0% for 6 months	$0 annual fee for the first year( $87 thereafter)	20.99%