Small Business Credit Card

Wednesday, February 05 at 09:25 AM
Category: Business Banking

Small business plays a vital role in today's economy. It is now easier than ever to establish a new business. According to the U.S. Small Business Administration, small businesses pay over 45 percent of the U.S. private payroll. Small businesses also employ over half of all private sector employees and have provided 60-80 percent of new jobs over the past 10 years. With about 28.5 million small businesses in the U.S. alone, virtually all financial institutions now offer small business loans to qualified business customers. So why apply for a small business credit card?

Keep Track of All Your Small Business Expenses
The first and most obvious reason for a small business credit card is to separate personal finances from business related purchases. Most credit card issuers offer a credit limit for employee cards as well as different methods to monitor how the card is used. With your small business credit card, you can make transactions by phone, internet or in person. Periodic statements will detail all of these transactions. You no longer have to dread the year-end nightmare of trying to track where and when you spent your money. It's like having all your book-keeping done automatically for you! In a digital world, why should your business have to collect every last printed receipt?

Establish Your Small Business
A credit card with your business name on it gives your business credibility. A business credit card looks a lot more professional than paying from your own wallet. Just by owning a business credit card, your business can build credit, if used properly. So when you need that business loan, you may qualify for a better interest rate and higher loan amount. As your credit builds you might also qualify for a lower interest business credit card.

So even if your business doesn't have a six-figure budget, a business credit card could help your business grow. You never know when your business might suddenly need extra money. Office equipment might need immediate replacement. Without a business credit card, financing could drastically interfere with your daily routine.

Earn Rewards with a Business Credit Card
You can also save money and earn rewards. Some cards give you airline travel rewards just for using your credit card. For instance, if your company has frequent business plane trips, then small business credit cards that offer travel miles, hotel accommodations or travel insurance are most suitable. This type of credit card could give you travel discounts, free flights, free companion travel or upgraded flight seating.

Arvest Corporate Credit Card and Rewards
Feb. 1 through March 31, 2014, Arvest is offering 12,500 Rewards points, which can be redeemed for a $100 gift card, and a year of Arvest Rewards for free when you sign up for a new Arvest Corporate Credit Card with Arvest Rewards.*

Plus, our Corporate Credit Card rewards your small business with:

  • No annual fee
  • 0 percent introductory rate
  • 24/7 online account access

Stop by your local Arvest Bank and ask an Arvest associate how to apply today.

See if a Corporate Credit Card is Right for You
Not only does a small business credit card provide convenience and rewards, it also helps to build business credit for the future of your company as you watch it grow! Research the business credit cards available and find the card that best suits your business needs. Finance your business for today and tomorrow.

*Annual Rewards membership fee of $49.95 waived for the first year. 12,500 Rewards points redeemable after the first transaction from a variety of merchants. Offer valid through March 31, 2014. After six months, your annual percentage rate adjusts to an A.P.R. based on the current Prime rate at that time. Examples of current rates are 10.24% A.P.R. variable for Elite Corporate VISA accounts and 14.24% A.P.R. for Premier Corporate VISA accounts.

The views of this article are for general information use only. Please contact and speak with a subject expert or your banker when specific advice is needed. Find articles like this and much more in the online
Arvest Biz Center.

Tags: Arvest Biz, Arvest Rewards, Business Banking, Credit Cards
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