Small business owners should research how a business credit card can benefit their operations, and also re-evaluate existing business credit cards plans to take advantage of the best credit card offers available in the marketplace.
There are basically two options for business credit cards, which are small business and corporate credit cards. The decision on which option to choose depends on the size of the business and who is responsible for the debt. A corporate credit card is best for large companies and corporations, and the burden of the debt typically falls on the corporation A small business credit card is best for smaller businesses and sole proprietors, and the burden of debt falls on the owner. Unless the business is making over $2 million annually in gross income, a corporate credit card isn't an option.
The average consumer credit card rate remained at 16.43% and the best credit card rates are tough to find. On an average the US prime rate which is set by the Federal Reserve and is used as a starting point for setting credit card rates was constant at 3.25%.
IndexCreditCards.com surveys the prime rates and has found out that prime rates were mostly constant in the first half of July. They have arrived at a list of companies with the best credit card rates.
This list containing the companies with best credit card rates can be found at www.IndexCreditCards.com . The companies show great restraint in increasing the rates because of regulatory and business reasons. The Federal Reserve also does not change the rates despite fluctuations in the market. This works in the favour of consumers who face relative stability and hence avail of the best credit card rates.
The rates for the student credit cards maintained their constant value around 16.67%. The best credit card rates were for the business non-rewards credit cards which dropped from 14.62% to 14.60%. This decrease is not being attached to any phenomenon but is attributed to updating of the sample constituents.
The time is gone when the consumers had no clue about the best credit card offers available on their card. No longer will consumers have to pick out a card and hope that it gives them the best incentives.
There is a new service, Flexty which helps consumers find the best credit card offers on their cards. They just have to access Flexty's online tool that helps them take advantage of the best credit card offers available. Moreover this tool is for free and consumers can use it to maximise their rewards, incentives, insurance, warranties or discounts. It gives all the deals organised in one place so the user knows which card they can use to avail of the offers.
The site gives priority to the consumer and does not ask for any confidential details. All the consumers need to know the best credit card offers is available after just putting in their names and the expiration dates. Rest of the work is done by the site which does a quick analysis of its database and comes up with the best credit card offers for the card.
Amit Bracha, CEO and Founder of Flexty says that he got his inspiration after an incident where he lost out on a very good offer because he did not use the right card at the time.