The problem with using existing personal credit cards is that you will never establish business credit with them. On top of that, you load up your personal debt-to-income ratio with expenses of a business nature. Then, if you need a personal loan for a home, automobile, or other emergencies, you may not be able to get it. Another problem is that using personal credit in the … [Read more...] about How to Use Business Credit Cards to Build Business Credit
Credit Cards
How to Optimize Rewards on Your Business Credit Card
In today's market, small business owners have to deal with a range of challenges, such as managing cash flow, setting a budget for spending, and keeping track of finances. A business credit card can be a very handy tool that can help with these tasks. However, not every business credit card is the same. By knowing how to maximize your business credit card's points and … [Read more...] about How to Optimize Rewards on Your Business Credit Card
How to Negotiate Lower Costs for Payment Processing
Most businesses today must be able to accept credit cards to stay competitive, which means there’s no escaping payment processing fees. While, in many ways, it seems like credit card fees are just a necessary evil of doing business, it’s important to remember that these payment processing companies have an important purpose. When someone pays with a credit card, you need a … [Read more...] about How to Negotiate Lower Costs for Payment Processing
Everything You Need to Know About Tradeline Companies
If you've ever opened a line of credit (e.g., a credit card), then you have a tradeline. A tradeline is simply a record of your borrowing and repayment history with a lender. This information is reported to the credit bureaus, and it becomes part of your credit file. Read on to learn everything you need to know about tradelines. What Is a Tradeline? A tradeline is a … [Read more...] about Everything You Need to Know About Tradeline Companies
5 Major Benefits of PCI for Credit Card Organizations and Holders
Consumers’ preference for online shopping has increased exponentially in recent years, especially during the COVID-19 pandemic. This also increases the attack surface for the hackers that can exploit the sensitive information for their ulterior motives. The possibility of online attacks is at an all-time high, making users doubt whether to use a credit card at online … [Read more...] about 5 Major Benefits of PCI for Credit Card Organizations and Holders