Card offers target small businesses
Small-business owners face an onslaught of choices as companies blitz them with new credit card offers.
American Express just launched a cash-back card aimed at small companies. This month, Visa is rolling out a card targeting small firms with big appetites -- those spending $25,000 or more a year. Discover entered the market for the first time over the summer.
Business owners should move cautiously, however, just as they would when shopping for a personal credit card. Rock-bottom interest rates can jump after the introductory period ends. They often soar, too, if owners make a late payment. Cash-back rewards may sound like great money savers, but not if you carry a balance subject to high interest.
Marketers smell opportunity in the 90% or more of small-business spending not on credit cards -- up to $4.8 trillion a year, says Visa.
American Express just launched a cash-back card aimed at small companies. This month, Visa is rolling out a card targeting small firms with big appetites -- those spending $25,000 or more a year. Discover entered the market for the first time over the summer.
Business owners should move cautiously, however, just as they would when shopping for a personal credit card. Rock-bottom interest rates can jump after the introductory period ends. They often soar, too, if owners make a late payment. Cash-back rewards may sound like great money savers, but not if you carry a balance subject to high interest.
Marketers smell opportunity in the 90% or more of small-business spending not on credit cards -- up to $4.8 trillion a year, says Visa.
Read more at: Card offers target small businesses
posted by e-borneo.com @ 6:46 PM
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