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Building Your Credit History
Today, credit is an indispensable part of our lives. In order to get the things you need, such as a home or a car, you have to apply for a credit. But you cannot get a credit without having a credit history, and you cannot get a good quality credit...
Credit Building Strategies
IF you are attempting to build your credit there are many
strategies we can look at to help you get started. If you have
no credit, bad credit or good credit, building credit is
important since regardless of your situation, you do not want to
go...
Credit score – for scoring the right loan
Somebody once said, “There is always a way of knowing your limitations and going beyond it.” It is fundamentally true with respect of credit score. There can be nothing more rewarding during loan borrowing than knowing your credit score. There are...
Genuineness of credit card processing
According to buyerzone,consumers increasingly are turning to
plastic over paper when they open their wallets. Yet many small
businesses still don't accept credit cards. If you're one of the
laggards, the entire transaction may retain the...
Paying for business purchases on a charge or credit card can assist in small business management
According to americanexpress.com,Most small business owners rely
in some type of business plastic to acquire business-related
goods and services and pay for the costs of doing business.
Review the benefits listed below to make sure you get the...
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Small Business Credit Card Advantages
Obtaining a business credit card enables the small business owner to separate personal expenses from business expenses. Offering business credit cards to their employees eliminates the need for employees to use their personal credit cards or cash to make company purchases. Employees using a business credit card will not need to fill out expense statements, wait for approval and reimbursement from their company. Transactions are itemized and reported on quarterly statements that make it easy for management to make changes if needed. Business credit cards can be provided to the employees with preset spending limit and helps in controlling employee spending.
One of the main advantages of a business credit card is that it provides efficiency and control over company expenses by consolidating individual expenses. Instead of receiving a flood of invoices and expense statements, the company can receive one expense statement each quarter with itemized employee expense. Also business credit card companies can provide an itemized year-end statement with summary of all transactions. This enables the manager to track expenses very clearly and also simplifies the figuring out of the company tax return.
Business credit cards offer many benefits such as 0% intro APR on your balance transfers and purchases, cash back rewards on business purchases, business travel rewards, no annual fee, online account management and discount on everyday business purchases plus a host of other features and benefits. These bonuses and rewards
can lower the company expenses and add up to a significant amount of savings for the company. An important feature of business credit card is the ability to build the company credit standing and receive incremental increases in credit line and cash flow over time.
With a business credit card, employees are less likely to make impulse purchase, because they are aware that the business credit card is company property and should not be used to make personal purchases. Avoid mismanagement of your business credit card by always making payment on time thus avoiding late fees and higher interest rate. Make sure you read and understand the terms of use of your small business credit card.
Business Credit Card Advantages
Business owners are able to manage and control employee expenses
Receive quarterly and annual statements detailing their employee's expenses
Set employees expense limit
As a safety issue, employees have no need to carry cash for company expenses
Quarterly and annual reports which simplifies income tax preparation
Having a line of credit which increase cash flow
Taking advantage of business credit card features and benefits
Online account management
About the Author
About The Author:
David Hall owner of the popular site www.iCreditOnline.com. You can also compare multiple credit card offers, securely complete an online credit card application, and receive a credit decision in at least 60 seconds.
Visit David's site today: www.iCreditOnline.com.
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| Credit - Wikipedia, the free encyclopedia |
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| FreeCreditReport.com | Free Credit Report and Credit Score Online ... |
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| CUNA: The Credit Union National Association |
| News and resource directory about credit unions. |
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| Drowning in debt? Trying to improve your credit score? This is the place for you. Get real world information and tips, as well as the legal low down, ... |
| credit.about.com |
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