Credit Card Options for Online Business Owners

Years ago, there were not a lot of credit card options for online business owners. Many online merchants used to find it a great challenge to accept credit card payments for business transactions. Today however, there are plenty of software packages and credit cards that are perfect for an online store.

Why Use Credit Cards for Online Business

There are actually many reasons why using a card is useful for a computer-generated business. For one, it helps save time and effort. Credit cards are much simpler to use nowadays because they have tracking tools that monitor expenses. You can even download every transaction that took place throughout a given period. With such feature, tax returns and bookkeeping are made easy.

Credit cards can also help you save money. Although there may be annual fees and interest rates, they are much cheaper than checks for businesses. In addition, you do not have to pay the interest fees if you pay your balances on time and in full each month. There are also rewards and discounts on select goods and services.

Using credit cards gives you the flexibility your business requires. Plus, you get protection against scammers and identity thieves. Shop for the right card and you will find that your cash flow has improved significantly.

Top Credit Cards for Online Business Owners

You can attract more customers if you accept credit cards for your online business. You should also get your own. It is not advised that you use your personal account when making purchases for your company as it may become hard for you to determine which had been used for personal purposes or for business purchases. If you are searching for a card that can strengthen your company, here are the best options for online business owners like you:

  • Ink Cards from Chase. There are currently four Ink cards offered by Chase. One is the Ink CashSM Business card and another is the “>Ink Bold(SM) with Ultimate Rewards. The other two are Ink and Ink Plus. All cards are best for use in business as they offer great rewards that can significantly boost your business, such as higher spending limits, which you can use to purchase business equipment and materials. The credit limit for these cards can be shared among employees authorized to be supplementary cardholders and you, as the principal cardholder, can control how much to allot for each employee. Each card is also equipped with Chase’s Blueprint feature, which you can use to avoid incurring interests on your purchases. All four cards also act as a rewards card, as they all give you the opportunity to earn points with your purchases. These points could be redeemed as gift cards, airline tickets, hotel accommodations, or rebates.
  • Citi Business World MasterCard – This card offers numerous rewards apart from its no annual fee offering. You can earn ThankYou points upon sign up for this card, plus you get to earn unlimited points for every dollar you spend on professional services and supplies.
  • Capital One Venture for Business – This is popularly known as a traveler’s credit card. Although your business is online and you probably will not need to travel most of the time, this card is still one of the excellent credit card options for online business owners. You can use this to motivate your employees through trust and incentives. It is easy to make a reservation for employee travel with this card.
  • Plum Card from American Express OPEN – Most credit cards have high fees and rates. This business credit card is an exception. If your small business is still struggling, you will find it difficult to pay for every expense along with the interest rates. The Plum Card does not require you to pay interest so you can purchase supplies and add services for your customers and your online firm as well.

These are only some of the cards that you can use for business. If you are searching for business credit cards, make sure to search wisely and to pick only the one that will best give you benefits for your business.

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