Tips & Tactics

• Be aware that credit cards offering a 0% introductory rate, often have interest rates that are higher than average after a certain period of time.

 • Take advantage of travel incentives, payback rewards and other offerings when choosing small business credit cards. Depending on your needs, these advantages can sometimes outweigh a lower interest rate.

• Consider going local for business credit cards. The hometown bank that manages your business account may be more competitive than the national bank that just sent you an offer in the mail

Business Credit Card FYI:
The Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 does not include any new protections for business credit cards. However, Bank of America has decided to apply some of the most significant protections from the CARD act to the business cards I have with them. Here's a list from my Clarity Commitment Summary letter:

BOA will always provide 45 days notice before we increase your rate for future balances.

Any amount you pay over the minimum payment will now be used to pay down your balances with highest APR's first.

BOA will no longer charge a fee for going over your credit limit.

Your payment due date will now be at least 25 days from the statement closing date printed on your statement.

Help To Acquire Commerical Credit Cards

We will work with you to help you acquire business credit cards. About 90% of our clients have some credit issues. There are a few options available, if you are willing to go the distance to do what is necessary to qualify.

Let me tell you the bad news.......