Credit Cards Boost Small Businesses – How?
Not all business owners are comfortable with the idea of getting a business credit card. There are some who are still skeptical and would rather use their personal credit cards than get a separate business credit card.
Today, let’s talk about the benefits as well as the possible risks of using a real credit card for business and why should consider getting one if you’re a small business owner. Weighing the pros and cons should be able to help you come up with an informed decision as to whether or not a business credit card suits you.
The Cons- Why Be Smart in Using Business Credit Cards
There are some risks associated with using business credit cards and being aware of them is your best protection. One risk is that business credit card holders do not have the privilege to dispute false charges or demand charge backs from the credit [...]Read More
Most people won’t give you 100% on the laoldr for a resold Best Buy gift card, and a used computer will only get you back 50 cents on the laoldr, so I wouldn’t do that. What you might be able to do is to ask friends/family to let you charge purchases they would otherwise pay cash for, and give you the cash instead.Or, if there are expenses you routinely have that you would pay cash for (such as gas station, grocery store, etc.), charge those expenses and save your cash. One option, although you will pay a mildly expensive fee, is to charge prepaid Visa cards (they have a $4.95 fee) and resell those to friends of family.Just keep in mind that 18 months from now you will have to pay this off, and have a plan in mind to do so.