business credit cards

business credit cards

Ask Creditnet: Help! My Corporate Credit Card is in Collections

June 9th, 2016 by Joshua Heckathorn

Dear Creditnet: I'm currently receiving collection notices from American Express for an unpaid balance on an old corporate credit card. I left the company where I had this card in late 2011. I have combed through all my Amex bills, corporate expense reports and reimbursements, but I've been unable to find any unpaid charges on the card. In addition, because the card was in my name and I incurred all the charges, my former employer takes no responsibility for the unpaid balance even though the charges were made solely for work purposes. Will this affect my personal credit? What should I do now?

Raising Your Business Credit Score

May 1st, 2015 by Alice Bryant

Just as with personal credit, business credit helps suppliers, lenders, and other creditors quickly determine whether a business pays its bills on-time. As a business owner, you will want to put your company in a position to where it can secure whatever financing it may need. This means you will have to establish, build, and maintain your company's credit profile.

Ask Creditnet: The Best Travel Rewards Business Credit Card

November 21st, 2011 by Elisabeth Chan

Dear Creditnet: I have 3 small businesses, and I'm looking for the best travel rewards business credit card to rack up miles. The balances are expected to be paid in full each month with a balance of around $5,000 per card.  What card do you recommend and why? 

Ask Creditnet: Best Travel Rewards Business Credit Card

October 24th, 2011 by Joshua Heckathorn

Dear Creditnet: I run several small businesses and am looking for the best travel rewards business credit card. I plan to spend a few thousand per month on each card and the balances are expected to always be paid in full. What do you suggest?

Using Credit Cards to Fund Your Small Business

July 15th, 2011 by Logan Abbott

Credit cards can often be a double-edged sword. When used incorrectly, they can destroy the most seasoned financier. However, when used in wisdom, they can be a powerful wealth generating tool. Perhaps you own a small business and supplies need to be purchased today to ship to a customer, but you won't actually receive payment for a couple of weeks? While new businesses low on cash flow may find difficulty in funding short-term operational needs, interim cash flow shortages can often be remedied through the use of credit cards and other forms of revolving credit. In fact, using no interest credit cards can be a great way for entrepreneurs to fund small expenses while getting a business up-and-running. Access to quick cash is essential for nearly any business’ operations, and even after you've passed the zero interest grace period, the card can still be useful in the normal course of one’s business dealings.

Why Business Credit Cards Pose More Risk

May 24th, 2011 by Logan Abbott

Many individuals fail to recognize the major differences between business cards and consumer cards when searching the web for the best credit card offers. Unfortunately, due to this lack of understanding, households may find themselves at greater risk to higher fees and penalties when they choose business card offers over those marketed only for consumer use. This is because the Credit Card Act of 2009 does not apply to business credit cards at all. And since one in ten card offers sent out by credit issuers each month are for business cards, this means that many of the credit card offers landing in your mailbox will not protect you from undue risk.