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Business Credit Cards Can Make You Money
Posted by nick_niesen on October 29th nike air max 270 react bauhaus pas cher , 2010


Small business owners, more than any other credit card users, are in the best position to profit from their use of credit cards. Profit from credit cards? The idea may seem foreign, if not preposterous. However, the truth of the matter is simple: if you use your business credit card wisely and open a high yield savings account, your credit card can easily make you a few hundred dollars a month.


Let's begin by discussing the types of small business credit cards on the market. The first and often easiest for new businesses to attain are charge cards. There are a wide variety of these available from American Express' OPEN, the small business network. The first benefit of a business charge card is the zero percent interest you pay. Yes nike air max 270 react pas cher , you must pay your balance in full in each month. However, we聮ll soon see how borrowing money interest free is a great thing.


OPEN credit cards, like other American Express business credit cards, allow you to earn Amex rewards points with every purchase. In general, you earn 1 point for every dollar spent. In general, a point is worth between 12 to 1% of purchases, depending if you want to redeem your rewards for cash (12% value) or retail gift certificates and travel rewards (1%).


Now let's assume your small business spends $10 nike air max 720 obj pas cher ,000 a month. You will earn $100 in rewards from American Express. Plus, if you place that $10,000 into a high yield savings account with an interest rate of 4% or higher, you will earn over $30 a month in interest. Thus, the net earnings you will accrue by using an American Express small business credit card can easily equal $130 a month on $10,000 spending. Over the course of a year, that can add up to over $1500.


Small business credit cards with rewards provide similar profit opportunities nike air max 720 be true pas cher , and fantastic short term profit opportunities, as many offer 0% interest rates for up to 6 months on purchases. For example, if you spend $10,000 the first month you have a 0% small business card, you can earn $100 in rewards, plus a very nice $200 in interest over the course of the introductory offer. When the 0% expires, you simply pay your bill in full and avoid all interest charges. You'll find your business $300 richer.


Once the 0% APR expires on a small business credit card nike air max 720 femme pas cher , you will have a "grace period" of around 25 days to pay off your new purchases before interest is charged. Thus, you simply treat your credit card like a charge card, and pay your balance in full each month, allowing you to earn rewards points on every purchase you make while earning interest on the money you already spent.


Over the course of a year, a small business that uses an American Express OPEN card and spends $10,000 per month can earn the equivalent of $1200 in Amex cash, travel nike air max 720 sunset pas cher , or retail rewards, plus over $400 in interest. That frees up over $1600 in capital that can be used to offset the cost of travel, purchase new equipment, or simply enhance your company聮s cash flow.


Using small business credit cards strategically can positively affect your company's bottom line, free up cash, and generate income through interest and rewards. With the wide range of cards on the market, it is important for each business owner to examine the interest rates nike air max 720 triple black pas cher , types of rewards, and fine print of small business credit cards before making a final choice. Personally, I've been a proud American Express OPEN Gold and Platinum small business cardholder for nearly two years and have nothing but praise for the company.


©2006, Credit Card Depot Inc. This article may be reprinted as long as the author聮s bio and a live link to remains intact.


1) Build a Relationship With Your Boss:


Like it or not, no single individual has a greater impact on your career future than your direct supervisor. So, how do you get on their good side from the start? Managers want to feel that you truly care, and that you are ?in it with them? as a team. Bring your boss solutions nike air max 720 Homme pas cher , not problems. When a problem arises, take initiative to consider what alternatives are available. Don't just throw the problem on their desk and have them figure it out. Always ask your boss for advice on what you or the company could do better. Offer to stay late for projects, even if they might not be your responsibility. Amazingly, many Americans rush out the door at 4:59 without even saying ?Goodnight.?


2) Display Professionalism and Maturity: