need a new business credit card

[steve frasier]

advanta went/going out of business

any recommendations for a new credit card

 

[Warren Wallace]

Capital

 

[Nate The Great]

Capital

What's in your wallet?

 

[Desk Jockey]

I'm scrambling for one too!

I heard they left 1-million business's without cards. :shock:

 

[Bruce Humphrey]

Does your bank offer a credit card? I know my bank credit card has a lower interest rate then those big card names.

 

[Brian R]

I'm doing my best to stay away from credit cards.
I know most companies will need credit sooner or later, so I will have 2 just to uphold the credit status..but I keep the balances low.

(Did I ever mention, I am a credit expert as well?)

You always need to have 2 cards (used well but with a good amount of credit available...but not too much), 1 installment plane (Car payment etc) and have them for at least 2 years to have good credit if you want to buy a house or get some credit for cash flow.

 

[ACE]

Capital One is bumping it's rates sky high.

Brian, Your subbing all your work so you don't need business credit.

 

[Desk Jockey]

Most of my supplies I have accounts with but there are some that I don't order frequently enough to setup one with. Credit card was easy, besides need one for car rental fights and lodging.

We spend around $3,500.00 month on our card, I can pay some of that with checks, I was just getting reward points.

I think I'll just get an American Express or something similar. My banker said don't try for a business one just open a personal one, less hassle, less exposure for them.

 

[Jeremy]

I have an Amex Charge Card. Pay the balance every month... No interest and it's only $120 a year for fees. Sometimes it sucks if invoices aren't paying quickly but it beats having a $10K debt at 21%.

Wise (read very limited) use of credit & cash purchases are keys to being debt free. Credit cards are a form of slavery/indentured servitiude.

 

[steve frasier]

I don't carry a balance, just use it to buy gas and supplies and write one check at the end of every month

would like to get a cash back or airline miles type card

 

[Brian R]

Capital One is bumping it's rates sky high.

Brian, Your subbing all your work so you don't need business credit.

I deg to biffer.

Sometimes to raise your standards any type of business may need a business loan or God forbid a credit card.


Some people think that I magically get these jobs and track customers and I "don't do any work".

I work twice as hard as I ever did. Just in a different manner. I am staying up late and getting up early...it used to just be the getting up early part.

I still have a business....and it's growing. I see the need for some credit in the future.
Once I have more capital, I can easily double it by obtaining credit.

It can be a huge jumpstart to a business...if done wisely.

 

[ACE]

When the people I sub for need cash they just pay me late. I give them interest free loans all the time.

 

[Chris A]

When the people I sub for need cash they just pay me late. I give them interest free loans all the time.

LOL aint that the truth....

 

[handdi]

i have had a chase -hess card for several years
they were givin 5 percent on fuel or gas purchases and 1 percent on everything else
now its 3 percent
But they take it right off your bill every month
not sure on intrest rate pay ours off monthly
when fuel was 4.50 a gallon we had some 500 month rebates
i think last month was 185 so its worth lookin into.
Randy Day