Get get your business off on the right track - credit cards for a new business

My neighbor has been busy starting up a new home based business so I decided to ask him if he was going to have a separate credit card for just business purchases.

This is his third small business in 12 years that he has started from his home, the other two became quite profitable so he sold them for a hefty profit. So we got talking about finances, credit and how to use a business credit card to maximize your benefits with the right type of rewards.

Best two offers for any new business or small company

American Express business credit card review

This blue cash business credit card from American express is the best of the best, but you really need fair to good credit to apply for it. It is our top pick for any business new or established.

• Apply for the American express blue cash business card here

In business perception is everything. In the business world American Express is thought to be a heavy weight. If you are using an American express card you will be perceived as a company on the ball. This card has up to 5% cash rebate, no annual fee and 0% purchase APR for the first 6 months.

Where this card really out performs the others is in the support that your business gets. Ongoing savings with FedEx, Delta®, Hertz®, Hyatt Hotels and Resorts® and more just by using your credit card. The savings will automatically appear on your statement, and the savings are in addition to other discounts your business may already receive. Manage your account with summary of accounts and track charges with the expense management reports.

This one is easier to get accepted on

Business credit card application

Advanta Life of Balance 2.99% Fixed APR for Life on balances transferred within 3 months Choice of 6% Cash Back or Travel Rewards  $0 Fraud Liability Personalized card with your company name on the top

According to Jim sometimes its quite difficult to get a new business credit card that is unsecured, unless you have excellent personal credit and the company or bank you are applying to knows you and your past history.

He had a problem getting a credit card for his first business and finally had to apply online and settle with one with a few less benefits and a little higher interest rate. This is of course ok in the short term while your business is establishing its credit history.

After about 6 months you can apply for a business credit card with a lower interest rate and with a better rewards program.

Credit cards are an important consideration with new business startups. You can't carry large amounts of cash with you on business trips of for large purchases, your cash flow at the beginning is going to take hit all on it's own. But you can minimize your expenses with the right kind of card.

Small company credit card review

This is the advanta small business credit card. Interest rate is 14.24%. What I like about this one is the 0% Intro APR on balance transfers and purchases which lasts for 12 months.

The rate after this is prime + 5.99% variable APR. This is a little higher than some but it is easier apply for. It has a credit line of up to $50,000 dollars which is very good.

Advanta also has the $0 fraud liability.  You can also personalize this card with your company name on the top.

Discover business credit card review also a good offer

This is the discover business card it is a very good card but does require a little bit better credit. You may have to be in business a little longer but not always. The main features of this are very good and would be a definite asset for your company. You get flexible tools for easier cash management. Free purchase checks to pay merchants and suppliers and that earn you a cash back bonus.

Still the two best offers are the advanta life of balance card and the blue cash for business credit card.

Employee cards with customizable limits and monthly reporting on their spending. What I think you will really like after you compare this with the advanta is the 5% cash back bonus on office supplies, 2% 
on gas, and up to 1%on all other card purchases.