It wasn’t very long when business credit cards were only offered to large companies and corporations. However, now that more and more home based businesses and small enterprises find success in the industry- banks, financial institutions and credit card companies have also paid attention to smaller businesses.
There is no doubt that the small business industry continues to flourish and they certainly provide a fresh and huge market potential for lenders and credit card issuers. Hence, credit card companies compete with each other by offering new and better deals that are especially designed for small business owners.
For instance, Discover recently launched its new Discover Business Card with PurchaseChecks which gives business owners the option to pay their suppliers with checks (at no extra cost). This option is great because there are still suppliers or vendors that do not accept credit card payments.
American Express also launched its SimplyCash Business […]