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The Advantages of a Platinum Business Credit Card

Posted: October 2, 2010 at 9:37 pm 977 views No Comment

If you are a veteran businessperson, then you will have realized that a business credit card is a boon, to say the least. Such a card offers many benefits to your business in comparison to regular cards. However, have you ever considered using platinum business credit cards? If you compare business credit cards with a platinum one, you will surely see its virtues. A platinum card will offer several freebies and low interest payment options than a vanilla business card.

Platinum Business Credit Cards are Flexible

For one, a platinum card will allow you to vary your spending every month. They do not have a preset spending limit which allows you to spend what you need, whenever you need to spend it. Sometimes, you may also need to spend larger amounts in your business. Such cards will give you the option of creating flexible payment plans. This allows you to pay back a larger amount when business is booming and a substantially lower amount when business ROI (Return of Investment) has plummeted.

Extend the purchasing power of your platinum business credit card to your employees. If you have frequently flying employees and a staff that travels a bit, then you can have separate accounts for each of them. This gives you the option of reimbursing their costs while keeping a sharp eye out for unnecessary expenses. And why track only the spending habits of your employees? You can also track your own spending habits over the Web or with hard copy statements snail mailed to you every month.

Freebies with your Business Credit Card

In fact, check if your business credit cards offer free tools that will help manage your finances and accounts. If you see a card that makes such offers, grab it with both hands, for such tools may save you a small packet every month.

You may ask your company if they can help you accumulate air miles, or if they give discounts for car rentals or even at your neighborhood retailer. Such freebies and discount schemes may not help pay off your debt, but they will certainly help with savings elsewhere in your business.

Low Interest Rates with Platinum Business Credit Cards

If you pay off your balances every month, and consistently keep doing so, you may find the credit card company actually charging you a lesser interest rate. All credit card companies value customers with good credit, so it pays to build up a good credit history. This way, when you need the credit then you may pay a lower rate of interest.

Safe Business Credit Cards

Compare business credit cards and you will see that the best feature of a platinum card is its security. Essentially, you only pay for those purchases that you have authorized. Here, you only pay if you have actually purchased the goods yourself. This is excellent insurance against theft because most companies will reimburse you if you have been swindled or if you have inadvertently bought something that is defective.

Whether you run a business that is large or small, it pays to manage your finances wisely. Most businesses remain within shouting distance of the break-even line because they refuse to consider the benefits of a business credit card or even a platinum one. Compare business credit cards, select one that meets your needs, or use a platinum card for some time to evaluate its benefits. While most business credit cards are ideally suited for most businesspersons, the real trick lies in selecting a card that is tailored to meet your every need. Do not hesitate to surf the net or shop around before deciding on the perfect card.
For more information on how to use a business credit card to take control of your business, Steve Bert recommends that you visit CreditCardAssist.com.

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