Business Credit Card: A Solution for New Business

A new business setup can get extremely chaotic and overwhelming for you. It is a little while before you can establish yourself in the business world when, it will become easier to understand how to do things the right way the first time around.

Credit cards specifically meant to help small businesses succeed are one way to ease the chaos. The business owners can charge all their essentials to the business credit card. The advantages of a small business credit card are numerous.

* Business Line of Credit

The business credit cards have a higher line of credit than consumer credit cards. This helps free up some of the company’s financial resources so long as they pay the balance due each month. Using a small business credit card responsibly could ease your concerns until you begin to regularly make a good profit. Unexpected expenses can be absorbed without major repercussions.

* Tracking Expense

Keeping track of all the company expense becomes much easier if you utilize one single credit card for all your company expenses. Some business credit card companies also provide the facility of categorizing your business expenses making it convenient for purposes such as calculating the company tax and reviewing your initial business plan.

* Establishing a Solid Credit Foundation

As long as you pay at least the minimum payment by the due date, you will gain a good credit history and your credit limit will be increased. A high credit limit can be very useful as a backstop when you encounter unexpected cash flow problems. A good credit history abets the process and plans for future expansion that you may have. The privilege of a larger loans being approved may be the very thing you need.

Choosing the right business credit card is probably the most critical step towards safeguarding your business interests early on.

When opening a company account banks invariably offer you credit cards, however that does not necessarily make it the best credit card for your needs. The most popular credit card providers are Chase, AmEx and Citi Cards, online comparison and tracking proves. It is important to take the time out to research and choose the right business credit card as per your requirements. A few criteria to look for when choosing your business credit cards are:

* No annual fee

An annual fee is unnecessary when interest is being charged on the purchases made through the credit card. There are available a range of credit cards in the market offering Compare different benefits as well as terms and conditions on the credit cards online before making your decision.

* Low rate of interest

If you intend to use the business credit card on a regular basis, to charge office expenses and travel costs and you are likely to carry over an outstanding balance from month, you will need the lowest rate of interest possible in order to keep your monthly credit card costs down. Every percentage point of interest a business can save on monthly credit card costs is profit instead of expense. The vibrant competition in the credit card market results in several good deals with respect to interest rates as well as bonuses.

* Credit cards with rewards

Credit card companies offer several bonuses which can prove very helpful to small business and companies, such as airline travel rewards. The points earned on office expenditure can be redeemed for the cost of flights, car rentals, hotel reservations, and much more. Another bonus given by some credit cards is a cash back sum, but this may accompany only credit cards with rates of interest or annual fee higher than other cards. The business would have to use the card sufficiently to get an adequate cash back sum equal to the amount you pay in annual fees alone.

So it makes better business sense to apply for a business credit card than a consumer credit card. When applying for a corporate credit card for your business, be wary of any company credit card, which requires a personal guarantee. Ensuring that your company is in the credit card in the name of your company, you can help build your business credit, while avoiding creating problems with your credit.`

We help in finding the right business credit card for you. We offer business credit cards with 0 apr, no annual fee and competitive rates. You can also choose student and consumer credit cards to suit your requirements. Apply for your credit card online.
 
 
 

The BLACK Man in the WHITE House: Racism Is Alive and Well in America

The Civil Rights Act of 1964 ended segregation in public places and banned employment discrimination on the basis of race, color, religion, sex or national origin. While this law was created to protect voter's rights and eliminate segregation in schools, restaurants and workplaces, the reality is that 50 years later Americans are still battling with these issues.

While many say racism is over and point to the fact that America has its first black president, Barack Obama's election actually ignited racial tension in the country, rather than ending it. As a result white supremacists, hate crimes and internet sites like Stormfront have grown exponentially.

These extremist organizations are fueled by an increased fear of nonwhites' power in government and the rising number of immigrants that are taking over "their" America. Racists choose to disregard the laws of this country in favor of their own warped ideology.

In the last couple of weeks, Cliven Bundy, Donald Sterling and Paul Ryan made racial comments that went viral, and dominated numerous hours of media coverage. Many Republicans stood up for Bundy prior to his racial comments, even though he was convicted of owing the federal government $1 million and refused to pay it. The NBA took unprecedented action against Sterling. And Paul Ryan defended his statements by saying, "I'm not a racist. I was inarticulate."

Sport franchises, corporation executives and politicians are riddled with racists of varying degrees. Most just have the common sense to avoid public pronouncements of their views, but that doesn't mean racism doesn't exist.

Playing into the racial frenzy that is sweeping our country are Republican governors like Scott Walker, Rick Perry and Rick Scott. All are hoping to suppress minorities' voting rights in their states in order to pass legislation that most Americans, especially minorities, don't support. After all, if only whites could vote, things would be very different.

With this mindset, many Republican Congressional representatives want to roll back the clock to the good ol' days of the fifties and sixties. The Supreme Court is aiding in this mounting discrimination with their recent decision to gut portions of the Voting Rights Act of 1965. This action to quash the Act, which was passed in response to Jim Crow laws is offensive to anyone's sense of fairness and justice for all.

Like the poll taxes and literacy tests of a bygone era, state issued IDs and voter-roll purges, coupled with reduced voting hours are all intended to keep minorities from exercising their constitutional right to vote.

In addition to voting rights, our courts and penal system discriminate against minorities. Young African American men are arrested four times as often as white men for carrying the same amount of marijuana, which is still illegal in most states. These arrests for minor crimes lead many black teenagers to follow unlawful pursuits rather than paths they may have taken without the scar of the arrest on their record. Also in question is the fairness of our judicial process. Two recent judgments handed down by predominantly white juries emphasize this unfairness.

These Florida verdicts vindicated white men who killed African American teenagers. George Zimmerman's "not guilty" verdict for the murder of Trayvon Martin was considered by many to have a racially influenced outcome. In another case that had racial overtones, a jury was deadlocked on whether Michael Dunn, a white man, was guilty of murder for shooting to death a black teenager over loud music. I wonder if the races of the victim and accused had been switched, if the judgments would have been different. Actually, I really don't wonder; unfortunately I know the answer.

Education is seen as one way to lower the number of incarcerated black men and help minorities become productive, tax-paying members of society. Yet, the Supreme Court stepped in and put up a road block making it harder to accomplish this goal.

In an April 2014 decision, the Supreme Court upheld a Michigan constitutional amendment that bans affirmative action as part of the admission process in the state's public universities. Seven other states currently have the same sanctions. States that forbid affirmative action in higher education, like Florida and California, have seen a significant drop in the enrollment of black and Hispanic students in many of their top colleges and universities.

Americans need to take notice of what is happening and not support the rebels that include many Republican elected officials. The diversity, which made our country great, needs to be seen in the leadership of America, as well as its average citizen. Racism is a communal problem and needs everyone working together to make life better, not for just a few, but for all.

The question of how to achieve less racism and more acceptances is complex and has no clear black and white answer.

gerry@advisorylink-dfw.com; http://www.advisorylink-dfw.com

By Gerry Myers

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