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Update on Haiti Relief Effort - Help for Orphans International

2010-01-27T20:13:00.000-08:00

Dear Friends and New Friends,

This is my personal update that I want to share with you today. If you didn't read my email from 2 days ago it is at the bottom of this one.

Help for Orphans International has a volunteer named Jonathan on the ground in Haiti right now. He is a pilot, personally using his own plane. I hear directly from Jonathan everyday.

He said there is a BIG need for morphine here in the hospitals (or at least oral narcotics). They are doing amputations without it. That might be the single most important item to distribute now. Apparently there are quantities in Port Au Prince but the army has taken over and distribution is very slow. Pass the word.

As I mentioned before, Jonathan has this knowledge because he has the only small aircraft on the ground in Haiti right now, which is shuttling in supplies and help. Due to his tireless efforts he has been able to bring medical personnel, supplies, food, water and medication directly to the people who need it most. It is because of the money we raise that enables him to continue to pay for fuel and supplies.

I want you to think about this for a minute. Can you imagine if your child, your brother, or your grandchild was in severe pain for days on end, with no medical care? Can you imagine your child losing ALL the family they have ever known and left to fend for themselves on the streets, surrounded by decomposing bodies? This is the situation for so many in Haiti.

These children need our help. I realize I may be sounding very dramatic here but this is the honest truth. I need every one of you to understand and pass on how severely help is needed there. Most of us, if not all, take for granted the food and water we have at our disposal. So many lives are being lost in Haiti – today - because they are lacking the simple essentials.

So, please, give whatever you can. A few dollars from everyone reading this will make a huge difference. Give up the Starbucks for just one week.

Text "support orphans" to 20222 to give $5 on your cell bill.

To make a larger contribution go to www.helpfororphans.org and click “Donate now" and most of all PLEASE spread the word to EVERYONE you know!

See our Press release released early this morning: http://www.prweb.com/releases/2010/01/prweb3505184.htm

Thank you again from the bottom of my heart!!

Love,

Josie Dobin

917.704.2131 mobile

Help for Orphans International

YouTube Video

How To Help Haiti

2010-01-24T20:12:00.000-08:00

Hi,

I am urging you to please read this message and respond accordingly and then to please forward this on to all your contacts.

As you may know, I am fortunate to be working for Help for Orphans International, a charity founded by Sarah Ehrlich four years ago. She has done a lot of work helping orphans in Kenya and is now solely focused on helping the orphans affected by the earthquake in Haiti.

I don't like to spread bad news but we have a volunteer from our organization who's been on the ground there since over a week ago. Words cannot describe the devastation that he has described to me. Imagine a little child losing ALL their family, wounded, no place to live and with little food/water. This is TRULY the situation.

Sarah and myself are going to Haiti in the next few days to raise awareness and to strategize HOW we are most effectively going to help. We will also be purchasing food/formula/diapers in the Dominican Republic to bring to the most hard hit areas.

Our volunteer there named Jonathan flew his 4 seater aircraft 2000 miles from Sag Harbor, NY and is shuttling back and forth between neighboring areas bringing supplies and medical personnel to the most desperate areas. Today he texted me that he was enroute to bring saws and morphine to a medical unit there.

The only way we can keep him doing this is to continue to send him funds.

Do NOT think that they have ENOUGH help because they don't. What we are doing IS making a difference! Jonathan says that he has the only small aircraft shuttling that he has seen. Additionally, because his aircraft is so small he has been cleared to land at Port au Prince airport.

We can NOT continue to do what we're doing without more donations! There's just NO way! Sadly, the surrounding areas have taken advantage of this tragedy and the cost of fuel and food etc.. has skyrocketed! All your donations are 100% tax deductible and you can know that we are actually USING your money RIGHT NOW to make a difference! Anything helps!

Here's how to donate:

1. Click this now Help For Orphans, then select "donate now" on the top left navigation.

2. Text 20222 from you cell phone and type "support orphans" and you will be charged $5 on your next cell phone bill.

3. Call me at 917.704.2131.

More about us:

Help For Orphans

Thank you from the bottom of my heart. If you would like to be kept updated PLEASE email me directly and I will add you to our list!

Love,

Josie Dobin

Tonight: Trade Secrets of a Multi-Million Dollar Guru

2010-01-05T23:23:00.000-08:00

Wow! I just finished reading the power points for Wednesday's webinar with my friend the ex-fund manager.

And, I've got to say, that in all my years in the trading business, this is the most content rich webinar I have ever seen. No hype, only hard core trading truths that not everyone is going to like.

Things like the fact that he and his hedge fund buddies used to hunt stops. Now he's teaching "civilians" how to make money off those hedge hunters.

If you are new to trading, this hour could save you thousands of dollars over the school of hard knocks.

Those who don't get information like this risk having their whole investment account being wiped out, before they've really had a chance to trade.

Don't miss out - Click here to register for this Free ETF and Money Management Seminar.

Exchange Traded Index Funds

For trading veterans I can guarantee you that the advanced position sizing tip is a golden nugget you'll use for increasing profits and decreasing risks in the years to come. This one tip could double your profits regardless of what your entry system is. The one tip alone can turn any average system into a winning system.

We'll cover:

- How to maximize your winners.

- Why most traders have it backwards when it comes to risk.

- How to eliminate 95% of trading stress and emotion.

- Why most traders have it backwards when it comes to winning percentages.

- Even how to become a professional money manager and raise millions, if you so desire.

That last one really surprised me. Because I know that if you really want to make millions in trading the fastest way is to use leverage with other peoples' money, when you are ready.

There are so many reasons to attend this F.R.E.E webinar Wednesday at 9pm EST. I honestly believe you're missing the boat if you don't take advantage of this opportunity. It won't be a waste of your time! I love sharing high quality content with my subscribers and this is going to be one of the best.

Our host has worked trades as large as $50 million during his money management career. He will share a little of his story, but most of the hour will be spent teaching you how to improve your trading.

See you then,

Exchange Traded Funds

Cheers,

Ave Ramel

P.S. That's right, $50 million advice, f.r.e.e, and a chance to win a free 1 year mentorship with a professional trader just by showing up.

*** Pay attention while our guest explains how you can make more profits with less risk trading the markets.

The Big Boys Are Working Against You - And I Can Prove It!

2010-01-04T23:20:00.000-08:00

Have you ever had that feeling ... after you were stopped out and the market went back in your original direction, that a bank or large fund had hunted your stop and stolen your shares?

Well, that's because it's true!

My guest on our Wednesday night webinar, a former big fund manager, used to do just that. In small markets like penny stocks his firm could do it all by themselves.

In larger more liquid markets they would team up with other hedge funds. He says even some banks would do it.

So what can you do about it? Learn to either stay out of the market when the hedge funds are hunting stops, or profit from it.

We'll talk about how to survive the hedge fund hunters during his complementary webinar Wednesday at 9pm EST.

Go ahead and reserve your slot now - with over 217,000 invitations and only 500 spaces, you'll need to register and opt in early to get on the webinar.

Click here to register:

Exchange Traded Index Funds

In addition to the long list of topics I listed in yesterday's email, he will also be discussing:

- How some hedge funds hunt stops and a simple trick to avoid getting caught, most of the time. Yes, hedge funds, brokers and other individuals (not the "market") really do hunt your stops.

- One of his four proprietary profit target strategies. He'll just give you this valuable tip for listening in Wednesday.

- How to avoid being vague with your entries and stops (like those "gurus" who say, "Buy a few cents, ticks, or pips above ___.")

- A little known, no cost, scanner tool that can help you improve your trades, now.

- A complementary excel sheet that does ALL the math for you. You'll be able to easily see the optimal position size and risk vs. reward ratio on all your trades.

I promise it won't be a waste of your time. My trader friend really did do trades as large as $50 million before he left the world of money management. He will explain how he learned these tricks-of-the-trade, but most of the hour will be spent on teaching you how to be a better trader. I like to share useful content with my subscribers and this is a big chance to do just that.

Click here to register for your free seat at the Wednesday night webinar.

Exchange Traded Funds

Hope to see you there,

Cheers,

Ave Ramel

P.P.S. Don't place another stop before you hear how the hedge funds are gunning for your profits!

P.P.P.S. In only 1 hour, you'll be handed years of hard won experience from a big time trader (who's willing to spill the beans). Plus his 1 year mentorship offer will be unavailable after Friday December 4th. He is the type of teacher who likes to support his new students and doesn't need to keep selling courses.

How The Pros Make More Money With Less Risk

2010-01-02T23:18:00.000-08:00

This Wednesday, January 6th at 9pm EST, join me for a free session with an ex $50 Million dollar fund manager when he reveals the secrets professional money managers use to:

- Risk 1-2% per trade and still make great returns.

- Instantly remove 95% of your trading emotions (as you know, fear and greed are the successful traders' enemy) with two simple tricks.

- He'll also show you how to reduce risk using his unique position sizing technique.

- A combination of a percentage risk stop and a technical stop.

- Plus an advanced tip using this concept that can instantly double your returns regardless of what system or markets you trade.

- He explains why trading is not a "zero sum game" and what this really means for you.

- How you can make profitable trades in only 10 minutes per night.

- Plus how Warren Buffett, Jim Rogers and others became great traders and investors.

- And, what the "gurus" selling hype trading courses are hiding from you and an easy way to spot a counterfeit "trading teacher" from a mile away.

- Much more.

Sound like a good use of an hour of your time? I hope so… in fact, since this invitation is going out to over 237,454 people and we've only got 500 seats, I'm sure it's going to "sell out" even though it is f.r.e.e.

So, if you think you can make it, go ahead and click here to reserve your spot.

Exchange Traded Index Funds

He will share a little of his story, but most of the hour will be spent showing you how to improve your trades. I like to share valuable information with my subscribers and this is a great opportunity to learn from a pro – for f.r.e.e.

He told me the other day that he could take even an average breakeven system and turn it into a profitable one by changing the money management and position sizing of the trades.

Now, what if you do that, on top of having a great system? You get long term consistent results; that's what.

To hear it straight from the expert, go ahead and click here to register.

Exchange Traded Funds

I look forward to seeing with you Wednesday night,

Cheers,

Ave Ramel

P.S. I almost forgot to mention that everyone who joins us gets a f.r.e.e bonus just for attending.

A Scientific Breakthrough

2010-01-01T04:52:00.000-08:00

Hi,

At last, have finished the First VitaPlus Tour that will answer

a lot of your questions about this scientific breakthrough in

Health, Wellness, and Beauty.

You may now proceed to: First VitaPlus

The First VitaPlus Tour answers the ff:

- Five Power Vegetables

- Five Little Things You Should Know About First VitaPlus

- Prevention and Maintenance of Diseases

- Availability and Product Sizes

Cheers,

Ave Ramel

***Trust in the Lord with all your heart***

How The Rich are Debt-Free

2009-12-30T09:27:00.000-08:00

Hi,

===========================================

Crisis ???

The Rich are debt-free and do really have

a lot of options in life.

If you want to be rich, you must know

- what kind of income to work hard for,

- how to keep it, and

- how to protect it from loss.

That is the key to great wealth.

Discover this kind of income in:

Rich Dad Cashflow

===========================================

Cheers,

Board Games | Year 2012 End of the World

This credit card's newest trick? A 79.9 percent interest rate

2009-12-19T04:56:00.000-08:00

NEW YORK (AP) -- It's no mistake. This credit card's interest rate is 79.9 percent.

The bloated APR is how First Premier Bank, a subprime credit card issuer, is skirting new regulations intended to curb abusive practices in the industry. It's a strategy other subprime card issuers could start adopting to get around the new rules.

Typically, the First Premier card comes with a minimum of $256 in fees in the first year for a credit line of $250. Starting in February, however, a new law will cap such fees at 25 percent of a card's credit line.

In a recent mailing for a preapproved card, First Premier lowers fees to just that limit -- $75 in the first year for a credit line of $300. But the new law doesn't set a cap on interest rates. Hence the 79.9 APR, up from the previous 9.9 percent.

"It's the highest on the market. It's the highest we've ever seen," said Anuj Shahani, an analyst with Synovate, a research firm that tracks credit card mailings.

The terms are eyebrow raising, but First Premier targets people with bad credit who likely can't get approved for cards elsewhere. It's a group that tends to lean heavily on credit too, meaning they'll likely incur the steep financing charges.

So for a $300 balance, a cardholder would pay about $20 a month in interest.

First Premier said the 79.9 APR offer is a test and that it's too early to tell whether it will be continued, according to an e-mailed statement. To comply with the new law, the bank said it will no longer offer the card that has $256 in first-year fees as of Feb. 21, 2010. However, customers will still be able to use their existing cards. The bank said "no final decisions" have been made regarding any rate changes for those cards.

First Premier noted that it needed to "price our product based on the risk associated with this market."

The bank declined to specify how many people were offered the 79.9 APR card.

According to First Premier's Web site, the credit cards are serviced by its sister organization Premier Bankcard. The company, based in Sioux Falls, S.D., says Premier Bankcard is the 10th largest issuer of MasterCard and Visa cards in the country, with more than 3.5 million customers.

In a mailing sent to prospective customers in October with the revamped terms, First Premier writes "...you might have less-than-perfect credit and we're OK with that." The letter notes that an online application or phone call is still required, but guarantees a 60-second status confirmation.

The letter also states there are no hidden fees that aren't disclosed in the attached form. That's where the 79.9 percent interest rate and $75 annual fee are listed. There's also $29 penalty if you pay late or go over your $300 credit limit.

Even if First Premier doesn't stick with the 79.9 APR, it will likely hike rates considerably from the current 9.9 percent to offset the lower fees, said Shahani of Synovate.

The revamped terms may not be the only changes; First Premier also appears to be moving away from the riskiest borrowers.

The bank typically mails offers to subprime households, meaning those with credit scores below 700. In the third quarter, however, 84 percent of its offers were sent to subprime households, down from 91 percent the same period last year, according to Synovate.

First Premier could be cleaning up its credit card portfolio since the new regulations will limit its ability to raise interest rates. That could mean First Premier won't issue cards as liberally to those with bad credit.

As harsh as First Premier's terms seem, that could be a blow to those who rely on the card, said Odysseas Papadimitriou, CEO of CardHub.com.

"Even when the cost of credit is astronomical, for people in true emergencies, it's much better than not having access to credit," said Papadimitriou.

Until Feb. 21, First Premier is still offering its even-higher-fee card online. So the price for credit the bank charges is at least $256 in first-year fees.

By Candice Choi, AP Personal Finance Writer

Obama slams big business on credit reforms

2009-11-27T06:02:00.000-08:00

WASHINGTON (AFP) - US President Barack Obama on Friday accused big business and its lobbyists of trying to kill his bid to pass a new law shielding US consumers from ruinous predatory lending practices.

The president spoke out in favor of his proposed Consumer Financial Protection Agency, part of a wider regulatory reform effort designed to rein in Wall Street abuses, which is currently being considered in Congress.

"Predictably, a lot of the banks and big financial firms don't like the idea of a consumer agency very much," Obama said at the White House, hours after he was named as this year's surprise recipient of the Nobel Peace Prize.

"In fact, the US Chamber of Commerce is spending millions on an ad campaign to kill it," Obama told an audience of members of Congress, local state officials, finance industry workers and community leaders.

Obama denied claims by critics that the proposed agency would restrict consumer choice and innovation, saying it would set ground rules so that credit card, mortgage and finance firms could not confuse customers with outrageous terms and conditions.

"But all this hasn't stopped the big financial firms and their lobbyists from mobilizing against change," he said.

"They're doing what they always do -- descending on Congress and using every bit of influence they have to maintain the status quo that has maximized their profits at the expense of American consumers.

"We have already seen and lived the consequences of what happens when there is too little accountability on Wall Street and too little protection for Main Street, and I will not allow this country to go back there."

The US Chamber of Commerce rejects Obama's complaints, and warns that the proposed reforms will create an unwieldy federal agency that will make the problems worse for consumers and business.

The president wants Congress to act this year on what is billed as the most sweeping financial regulatory reform since the 1930s, despite a crush of other business.

His proposals for greater regulation would give the Federal Reserve expanded powers to oversee regulation on all finance firms or banks that pose a significant systemic risk to the wider financial infrastructure.

They would introduce new discipline and transparency into financial markets and would enable investors to better ride out the failure of one or more large financial institution.

Fed pursues tough new U.S. credit card rules

2009-11-25T22:23:00.000-08:00

WASHINGTON (Reuters) - The U.S. Federal Reserve on Tuesday proposed tough new credit card rules to protect consumers from potentially costly practices by lenders and moved to implement legislation enacted in May.

"This proposal is another step forward in the Federal Reserve's efforts to ensure that consumers who rely on credit cards are treated fairly," said Fed Board Governor Elizabeth Duke said in a statement.

The proposals, issued for public comment, represent part of the Fed's implementation of the Credit Card Act, which was signed into law by President Barack Obama in May.

The Fed adopted final rules prohibiting unfair credit card practices in December 2008. The proposals released on Tuesday amend those regulations to incorporate provisions in the new credit card law.

"The rule bans several harmful practices and requires greater transparency in the disclosure of the terms and conditions of credit card accounts," Duke said.

They would protect consumers from unexpected increases in credit card interest rates by generally prohibiting a rate rise in the first year after an account is opened, and increases in a rate that applies to an existing car balance.

They would also prohibit creditors issuing a card to anyone under the age of 21 unless the borrower has either the ability to make the required payment, or has the signature of a parent or other co-signer who has the means to do so.

In addition, the proposed rules would mean a consumer's consent would be needed before creditors could charge fees for transactions that exceed the credit limit, and curb fees linked to subprime cards for consumers with risky credit.

They would also ban "two-cycle" billing methods, where a creditor raises an interest rate and charges the higher rate for a customers' previous borrowing.

BofA: Credit card rates won't go up ahead of law

2009-11-23T20:51:00.000-08:00

NEW YORK - Bank of America Corp. on Tuesday pledged not to hike credit card interest rates or fees before a new law intended to reform industry practices takes effect in February.

Since most Bank of America customers have variable rate cards, however, they could still see their interest rates go up. The interest on variable-rate cards is tied to the rise and fall of the prime rate.

The North Carolina-based bank, along with Chase, in August switched most fixed-rate cards to variable rates to manage costs in light of the sweeping new reforms to the credit card industry. Discover Financial Services moved some of its cardholders from fixed to variable rates in June.

Those previous moves to variable rate cards somewhat blunts Bank of America's announcement Tuesday that it will not implement rate hikes based on a customer's risk or market conditions. The company also said it will continue to re-price customers who are late on two or more payments in a one-year period.

Still, the timing of the announcement is no coincidence.

Lawmakers had recently introduced legislation to move up the effective date of new credit card reforms by two months to Dec. 1. The House Financial Services Committee was set to hold a hearing on the legislation Thursday.

That earlier effective date was proposed after consumers across the country started getting notices of higher interest rates and lower credit limits after the credit card law was signed by President Barack Obama in May. The law, which goes into effect in February, will limit banks' ability to raise rates and fees, and requires them to give greater disclosure on the costs of borrowing.

Bank of America first declared its pledge not to change terms between now and February in a letter dated Monday to Rep. Barney Frank, D-Mass., who heads the House Financial Services Committee.

In a release, Sen. Chris Dodd, D-Conn., urged other banks to follow Bank of America's lead and pledge not to raise rates any further until the law takes effect.

"This Congress has made it clear that abusive credit card practices are no longer acceptable," Dodd said.

It's unclear how many banks actually will join BofA in freezing rates. A Chase representative said Tuesday it "intends to be in compliance" with the law when it becomes effective. Wells Fargo, meanwhile, is in the process of notifying customers that interest rates on current credit card accounts will rise up to 3 percent, effective Nov. 30, although overlimit fees will be eliminated.

Kevin Rhein, group executive vice president for Wells Fargo, told The Associated Press the bank had been delaying its decision on interest rates in the hope that the economic environment would improve enough to make higher rates unnecessary. However, given increased business costs and the forecast for a continued rise in unemployment, Wells Fargo "needs to make this change, if we are going to try to offer credit to the greatest number of customers," Rhein said.

Wells Fargo said it is endeavoring to be as transparent as possible about the rate hike, notifying customers with standalone letters, not just in their statements' fine print. Customers may choose to close their accounts and pay off their existing balances at their current rate.

In an e-mailed statement, Bank of America spokeswoman Betty Riess said the decision not to raise rates "is consistent with other consumer-oriented policy changes we have made recently."

Riess was referring to the bank's decision earlier this month to stop automatically enrolling customers in overdraft protection, a practice that has come under widespread criticism in the past year. Instead, customers who want overdraft protection for their debit cards will need to opt into the program.

BofA to charge annual fees on some credit cards

2009-11-19T05:25:00.000-08:00

NEW YORK - Bank of America Corp. said Tuesday it will charge a limited number of its credit card customers annual fees ranging from $29 to $99 starting next year.

"We're testing this to see what the feedback is. In terms of any plans going forward, we haven't made any decisions," said Betty Riess, a spokeswoman for Bank of America. She said the fee is being "tested" on 1 percent of its credit card accounts globally, but declined to give specific numbers.

Bank of America, based in Charlotte, N.C., had 80.2 million credit cards in circulation last year, making it the third-largest issuer of cards, according to CreditCards.com. Chase was first with 119.4 million cards, while Citi had 92 million.

The Bank of America accounts that will be charged fees were selected based on "risk and profitability," Riess said. That means customers in good standing who never carried a balance - and never incurred interest charges or late fees - could be among those getting notices.

The notices of the new fee comes after Bank of America last week vowed not to hike interest rates on credit cards ahead of the sweeping new credit-card reforms that go into effect in February. That pledge came as Congress considered moving up the effective date of the law to Dec. 1. Customers across the country have seen interest rates hiked and credit limits lowered since the law was signed in May.

Among other consumer protections, the law limits how and when banks can hike interest rates and fees on credit cards.

Analysts have predicted banks would make up lost revenue by charging annual fees more frequently on credit cards and checking accounts, even for customers in good standing.

"We are making this change in response to market conditions, new federal laws and regulations, and the increasing costs of providing unsecured credit," states a letter sent to a Bank of America credit-card customer and obtained by The Associated Press.

Customers are told that they can reject the fee, but will subsequently have their account closed. The deadline to reject the change of terms is Dec. 16.

Closing a credit card account can come with repercussions to a person's credit score, since it would lower the amount of available credit a person has access to.

Some Bank of America cards, such as airline rewards cards, already come with fees.

Chase also charges annual fees on select rewards cards, but a spokeswoman said the company has no plans to test annual fees on a broader basis. Wells Fargo said it does not "speculate on future business policies and practices."

A Citi representative could not be immediately reached for comment.

By CANDICE CHOI, AP Personal Finance Writer

Frank pushing quick movement on credit card bill

2009-10-08T19:33:00.000-07:00

WASHINGTON - Rep. Barney Frank, the tough-talking liberal ushering through a major rewrite of rules governing Wall Street, sounded a warning shot on Thursday to big banks: Start playing nice or Congress will make your life even more difficult.

Last spring, Frank helped push a bill through Congress that imposes strict new rules on lenders, including a limitation on when and how banks hike rates. Most of the rules will take effect in mid-February, a date set by Congress to give banks time to prepare for the changes.

But the Massachusetts Democrat, who chairs the House Financial Services Committee, said at a hearing on Thursday that lenders have abused the grace period by using the time to hike rates ahead of the new rules. He has introduced legislation that would move up the enactment date to Dec. 1.

"It is very clear that this is the kind of protection that shouldn't wait and we should move forward," Frank said about the new credit card rules.

Frank also said he is open to providing relief to merchants that pay heavy fees to banks in exchange for accepting credit cards from their customers. Thursday's hearing was primarily focused on legislation by Vermont Democratic Rep. Peter Welch that would regulate those fees.

The hearing included testimony from Kathy Miller, a grocery store owner in Elmore, Vt., whose voice cracked with emotion as she described the strain put on her business because of the high fees, known as "interchange," levied by credit card companies.

Some lobbyists have speculated that Frank's sudden interest in Welch's bill is a warning to banks to tone down their opposition to his broader effort to impose new consumer protections. The financial industry has launched a multimillion-dollar effort to try to defeat legislation backed by Frank and President Barack Obama that would create a new federal regulator to police the fine print on such products as credit cards and mortgages.

Banks contend that tougher restrictions and the creation of a new federal regulator will hurt the availability of credit. In an effort to counter the backlash in Congress and elsewhere, some banks have announced they will adopt consumer-friendly policies on their own.

This week Bank of America Corp. pledged not to hike credit card interest rates or fees before February.

Frank called Bank of America's promise "welcome" but added that lenders have otherwise abused the grace period given to them by Congress. Further, he said, the bank's pledge was an indication that credit card companies could be forced to comply with the law sooner than planned.

By ANNE FLAHERTY, Associated Press Writer

Which Is Better? Secured vs. Unsecured Business Credit

2009-09-11T06:57:00.000-07:00

Having a bad credit record can surely become a hindrance in establishing your business. Most likely, you will have difficulty in trying to persuade lenders to give you a credit account, which can be very significant for your company. Without a credit account for back up, you are placing your company at a very huge threat of running out of financial resources and even a possible pause in its operations.

But because your credit score may not be very constructive to your reputation, you may have very limited options - either you get an unsecured bad debt credit card or a secured credit card. In this article, let us know the difference between these two credit cards and how they can help your business, especially if you have bad credit.

The Difference Between a Secured and an Unsecured Credit Card

A secured credit card would basically require you to have a security deposit in the bank before you can use it. This amount of deposited money will be your guarantee of payment to your lender. Most secured credit cards though, hold credit limits amounting to a percentage of the balance that you have in your account so if your business may need to make large purchases that your balance cannot afford, then this may slow things down.

On the other hand, an unsecured credit card allows you to make purchases even without the collateral. But such a lose set-up may also charge high rates of interest and may have stricter penalty agreements for late payments as compared to that of a secured account. Despite this, a lot of people still prefer this type of account, as it seems to offer more flexibility and freedom to its users.

However, in cases mentioned above wherein you have a huge debt or a bad credit record, the chances are that signing up for an unsecured account might be too risky. After all, if you are not well disciplined in using your credit card, you might just end up adding more and more to your already escalating debt.

How Do I Choose Which Is Best For My Business?

Because of the fact that both types of credit cards have good and bad characteristics, the key to choosing which would be best in your situation is to consider the potential of your company to make the right payments as well as its needs.

Bear in mind that you have already started off with an unfavorable credit score. So be sure that if you sign up for an unsecured credit card account, your business is making enough profit to put up timely payments to the lenders. Otherwise, the high interest rates will just further sink your business into bad debt.

Also, unsecured credit cards are only best used if the type of business that you have is really in need of a more flexible system of borrowing finances, such as that of manufacturing companies that need to purchase large quantities of materials in order to have production.

In such cases, unsecured credits are reasonable for use. But still, if you are just running a small business and fearful of possibly worsening your already damaged credit score, then opting for a secured credit account will be a much safer bet. With this, you can forego with possibly drowning yourself in escalating rates of interest that your company might not be able to cope up.

If you have bad credit, the choice for which credit card would be best for you will basically depend on your business. If your business has high demands for large purchases and if you as the business owner can make sure that you can most probably make your payments on time, then there is nothing wrong with getting an unsecured account.

But if your company does not always need to make huge purchases anyway and you want to be sure in improving your credit score by avoiding late payments and huge debts, a secured business credit card is highly advisable.

No matter which you choose, always remember that you can only improve your bad credit and pave way to the growth of your business if you handle your finances and credits well.

Why Should You Separate Personal Credit From Your Business Credit?

2009-09-09T06:53:00.000-07:00

Most people who want to start up their own businesses today usually make use of personal resources to finance their ventures. They either utilize their savings, loan money from significant others or even use up their retirement funds.

Due to mixing their personal accounts with that of their business' transactions, these people often risk utilizing their major assets for collateral, give personally guaranteed business mortgages, and so on. They often end up pushing their personal credits to the limit. And whenever this happens, they are left to compromise their personal financial security.

It is sad to say, however, that a significant percentage of small firms operate through personal credit cards. What these people should actually know and should be doing in running their ventures is how to separate their personal credit and their business credit and how life saving this can be, not only for the company, but for their personal assets as well.

The use of credit cards in small businesses is currently on the rise. What this does is that it protects both of the entrepreneur's personal as well as business assets and allows opportunities for better growth and organization to the company.

Personal Advantages in Using Business Credit

Through separating the personal account with the firm's business account, one is able to protect private assets in case something goes wrong with the financial status of the company. In that way, one's personal security (especially for those with families) would not have to be compromised.

In instances wherein a firm that goes bankrupt does not have corporate credit, one can be held responsible for any of the company's expenditures both legally and personally. Separating accounts would entail one to give added protection on savings and properties that one worked hard for in a long time.

Corporate Advantages in Using Business Credit

Owning a business credit could also improve the financial flow of one's company as well as help the company grow. One very good advantage is being able to save a lot of money. By having a good credit profile for the company, business owners have the option of lowering interests for leases and loans. It also becomes easier for the company to add more employees, raise inventory and attain discounts for goods.

Aside from this, it keeps the company's financial transactions organized as one can more conveniently keep track of the firm's expenditures, which also gives an easier means to monitor accounting and tax transactions. Most importantly, a company with a stable and reliable account would be able to attract more investors and would have a more organized cash flow system.

For any person who wants to start a business, it is important to be smart and practical in handling finances. By using a separate credit account for that small company, one does not only protect assets, but one also increases the chance of the small business to grow and actually earn more.

The use of such credit accounts will help one's company to improve by saving much time, money and effort. This will even open opportunities for the business to gain the finances that it needs and develop the company’s credibility.

In conclusion, any smart entrepreneur wanting to succeed in business ventures at the same time protect private resources will surely learn to separate his personal credit from his business credit.

Small Business Loans Despite Bad Credit

2009-09-07T06:51:00.000-07:00

It is a common fact that businesses wouldn't run as smoothly without capital. Even with a fixed investment for your mini-business, there are always unexpected expenses that will crop up from time to time. The only way to solve this problem is through small business loans. But, is it possible for someone who has a bad credit rating to avail such financial help? Yes, they can!

It is true that having a bad credit rating can hinder the possibility of vying for a financial loan to help your small enterprise. Many traditional and conservative financial institutions, like banks, are only accepting individuals with good credit scores, and shunning of the rest. But that is no longer the case today.

Secured and Unsecured loans

Considering the number of financial lenders in the market, many stay on the competitive side by offering small business loans despite bad credit status. These loans come in two basic forms: secured and unsecured.

Secured loans are financial aids with collateral as security, which can either be in residential or business property, or any assets with the same value. Unsecured loans are the opposite; lenders will give you the financial help you ask without any security at all, which can be useful if you don't have any plans in putting your assets at further risks.

Secured loans, however, allow you to loan larger amounts, unlike its counterpart, at lower interest rates and better payment terms. Unsecured loans are usually attached with a much higher interest rate, and much stricter payment schemes.

Also, unsecured loans require in-depth credit checks and assurances before you can be accepted for one. Since this type of loan is very risky, especially on the lenders point-of-view, they need to maximize the possibility of getting back what is owed in case things go wrong.

However, this can be easily achieved by approaching SBA or Small Business Administration for help. This organization will act as assurance to the lender regarding the unsecured loan despite your bad credit status.

Even if you have a bad credit status, you can easily get a small business loan by having ready documents that will testify the financial stability of your business. If you're venture is earning a sizable income, you can provide financial statements like balance sheets and income statements to give evidence to that fact.

Looking for a lender

When you search for a lender of a bad credit small business loan, you need to take into consideration some areas before you proceed. First, you need to keep in mind on the condition of the loan before you get one. Take into consideration interest rates, and payment terms and conditions if you can cope up with it.

This is usually the case when you go for secured loans, and using your properties as security. You need to keep in mind that failure to pay these loans can cost you your assets, as well as your business venture.

Also, this is a fine opportunity for you to build up your credit score while going for the bad credit loan. Try to look for one with payment schemes that you can readily afford. Prompt payment for these can boost your credit scores up a notch, which will improve of getting much better financial aids in the near future.

Steps To Successful Application of an Unsecured Business Line Of Credit

2009-09-04T06:46:00.000-07:00

To add to the capital of their business ventures, many investors are applying for financial loans to make it possible. Unsecured business line of credit is readily offered by lenders, if you are able to pass their requirements.

Unsecured business lines of credit, financial loans usually offered by big-time lenders like banks, is a credit line which does not involve any collateral. This is quite favorable for individuals who have no plans to put their assets and investments at risk in case something goes wrong; as with most cases with secured loans where many lenders asks you to pledge a security in the form of residential or commercial properties, equipments, or other assets with the same value as with the borrowed amount.

This kind of financial aid is quite risky to lenders since they don't have any security if the borrower fails to pay for it - a reason for their stricter application requirements and being accepted for one is almost near to impossible.

Here are some steps to get your started on a successful application of an unsecured business credit line:

1. State Your Business

First off, you need to establish an independent business existence for the venture. Your business must be registered as an LLC or a corporation with at least 2 years of successful operation. The reason why lenders prefer the operation time of 2 or more years is because of the risk of bankruptcy attributed to new small business ventures.

Also, you need to include a proper address of your business, and not a P.O. Box address (which is unacceptable for financial loans). An open communication line like landline and fax numbers registered under the name of your enterprise is needed as well.

All legal documents about your business should be at the ready. This includes permits, licenses, contracts, tax documents, and financial statements like balance sheets, income statements, and so on.

Some financial institutions might request personal information such as driver’s license, verification of personal and business-related bank accounts, personal income statements, and tax returns. Be sure to have these at the ready when the lender requests for them.

2. Register Your Venture To The Proper Agencies

You need to have a credit profile first before you actually apply for a loan. There are plenty of agencies that offer such services such as Dun and Bradstreet. Credit agencies are also a requirement, since they can keep tabs on your credit scores and rate them to be used with financial institutions when you apply for an unsecured business line of credit.

Also you need to have a Paydex registered under the name of your business venture. A Paydex provides reports to credit agencies, financial institutions, banks, and other lenders regarding payment records of certain companies or business enterprises. The Paydex score is from 0 to 100, where 0 being the lowest. The bigger the score you have, the more easily you can get any financial loans you wish.

3. Presenting Your Application

Aside from the requirements above, you need to have a decent proposal at the ready regarding your unsecured business line of credit. You need to state in detail why you need the amount, and where you plan to use it. This is also very important in establishing your credit scores as well. In truth, the lender is putting you in trust of the borrowed money, and is expecting you to use it wisely, and to make prompt payments according to your agreement.

How Unsecured Business Credit Can Help Cash Flow Problems

2009-09-02T06:43:00.000-07:00

At some point in time, the reality with most businesses is that fluctuation periods would eventually come and such companies will have to face problems regarding their cash flow. A company may experience a financial crisis wherein more cash may be going out than entering as profit.

It is very important for any enterprise to never run out of funds, especially if the life of the business is dependent on being able to make large purchases of goods for production. In such dilemmas that many business owners are either facing or are at risk to face in the future, having an unsecured business line of credit could make all the difference.

What Is An Unsecured Business Line of Credit and How Does It Help?

An unsecured credit line for your business is a type of financing resource that can provide your company with the money that it needs without requiring collateral. Having such a credit line for your company can be of great benefit, especially when faced with problems on cash flow. This can provide you with the temporary funds that your company may need for operations to continue.

This is extremely vital especially when funds are simply either lacking or not available but your business is greatly dependent on making purchases for production and profit to come in. Aside from that, this type of credit line can also be beneficial for commercial use in such a way that it involves fewer risks for your part as the business owner as no collateral is involved. This means that you do not necessarily have to gamble your company’s other available resources.

Most lenders offering this credit line can also charge less interest and even a bigger credit limit as compared to other sources of finance. Assuring that your company has an unsecured line of credit will be a big step of precautionary on your part to keep your company afloat, even when faced with financial crises.

What Should I Consider Before Applying For An Unsecured Credit Line?

What you should know about trying to secure such a credit line is that it may not be as easy as you want it to be or that it may not come right at an instant. In applying for unsecured credit lines, lenders would usually take the extra step of checking on your company’s credit history. This is necessary for them to do, as they are risking more by providing you with finances without the collateral.

And, thus, before you can be approved for an unsecured line, make sure that your company has maintained a favorable credit score. These lenders are interested to find out if whether your company is capable of making the right payments and purchases for both your parties to gain good income.

In running your own company, sometimes being prepared for possible problems can surely play a big role in helping you ride the tides of business. For sharp entrepreneurs, even when there is no immediate need for the extra funds, having an unsecured credit account at hand will be a good cautionary tool for anything that could possibly go wrong with the business.

After all, you can never know exactly when your company might experience cash flow problems. But knowing that you have back up when funds become unexpectedly tight through unsecured business lines of credit, will surely set a whole lot of difference for your business to step up the ladder.

Using Cash Back Credit Cards For Your Business

2009-08-31T06:40:00.000-07:00

There are many different types of credit cards available out there and choosing which can benefit you and your business the most may be quite confusing.

However, if you are one of those people who do not have problems in paying monthly credit dues and want to save your company a lot of money, then a cash back credit card just might be perfect for you.

Through cash back cards, you are able to enjoy the usual functions of a regular credit card with an added bonus, and that is of course, by receive cash back rewards on the purchases you have made with your account.

How Do Cash Back Cards Work?

A cash back credit card basically gives you bonus points every time you use it to purchase goods. They would start off by offering you a flat percentage rate refund in the form of statement credits, a check, gift cards or deposits into your bank account on the agreed timely basis of receiving your bonus. Percentage rates may vary with the provisions of your lender.

The methods for how cash is given back to you as reward often differ with your credit card's terms and conditions, and so it is important to choose which type of rewarding method would more probably be of help to your business. For example, if you want cash to come back sooner, then a statement credit method of rewarding will be best for you as this is done monthly.

However, statement credits may seem as if they are just a mere reduction of your outstanding balance instead of an actual cash bonus. Checks on the other hand are usually only rewarded per year, but these can mount up as a huge cash incentive for your business.

Another method of cash back can also be through discount cards that can be of big help if you run a type of company that does a lot of purchasing for your undertakings. No matter what type of cash back method you choose, such a credit card can really help your business a lot.

How Do Cash Back Rewards Really Help?

But how does a cash back system really help a company by merely giving rewards? Let us analyze how much a company may spend in a year purchasing supplies like printing materials, boxes and even calling cards to boost operations. The company basically purchases all of these things for a whole lot of money during the year. And when you think about it, the rate of buying these supplies won't stop anytime soon as long as the company stays afloat.

After all, these are basic goods that a business needs in order to continue production and generate income. So we would see through this scenario then that if a company makes use of a cash back credit card for its purchases and gets rebated for that, it is as if the company is being rewarded for merely going about its normal transactions.

An additional profit is generated to the company for no real cost at all since purchased goods with or without cash back would have been purchased anyway. And obviously, additional amount of money to a company's account can always be very useful for any type of business.

The bottom line is, that through the use of cash back credit cards, not only is your business being assisted through the normal functions of a credit account, such as financing, but it is also given an extra incentive of earning more money through its reward process.

If bad debt and making the payment deadlines are no such problems for your company, then you have nothing to lose with this type of credit card and may even have so much more to gain.

New financial rules: Major changes for big, small

2009-08-27T04:01:00.000-07:00

WASHINGTON - From simple home loans to Wall Street's most exotic schemes, the government would impose and enforce sweeping new "rules of the road" for the nation's battered financial system under an overhaul proposed Wednesday by President Barack Obama.

Aimed at preventing a repeat of the worst economic crisis in seven decades, the changes would begin to reverse a determined campaign pressed in the 1980s by President Ronald Reagan to cut back on federal regulations.

Obama's plan would do little to streamline the alphabet soup of agencies that oversee the financial sector. But it calls for fundamental shifts in authority that would eliminate one regulatory agency, create another and both enhance and undercut the authority of the powerful Federal Reserve.

The new agency, a consumer protection office, would specifically take over oversight of mortgages, requiring that lenders give customers the option of "plain vanilla" plans with straightforward and affordable terms. Lenders who repackage loans and sell them to investors as securities would be required to retain 5 percent of the credit risk - a figure some analysts believe is too low.

In all, the Obama's broad proposal cheered consumer advocates and dismayed the banking industry with its proposed creation of a regulator to protect consumers in all their banking transactions, from mortgages to credit cards. Large insurers protested the administration's decision not to impose a standard, federal regulation on the insurance industry, leaving it to the separate states as at present.

Mutual funds succeeded in staying under the jurisdiction of the Securities and Exchange Commission instead of the new consumer protection agency.

Obama cast his proposals as an attempt to find a middle ground between the benefits and excesses of capitalism.

"We are called upon to put in place those reforms that allow our best qualities to flourish — while keeping those worst traits in check," Obama said.

The president's plan lands in the lap of a Congress already preoccupied by historic health care legislation, consideration of a new Supreme Court justice and other major issues. Still, Obama has set an ambitious schedule, pushing lawmakers to adopt a new regulatory regime by year's end.

"We'll have it done this year," pledged Sen. Chris Dodd, D-Conn., chairman of the Senate Banking Committee.

"Absolutely," agreed Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee.

But fissures quickly developed.

Dodd, who had been at Obama's side in the East Room of the White House for the announcement, raised questions about one of the plan's key features - giving the Federal Reserve authority to oversee the largest and most interconnected players in the financial world.

"There's not a lot of confidence in the Fed at this point," Dodd said.

Obama's proposal would require the Federal Reserve, which now can independently use emergency powers to bail out failing banks, to first obtain Treasury Department approval before extending credit to institutions in "unusual and exigent circumstances," a change designed to mollify critics who say the Fed should be more accountable in exercising its powers as a lender of last resort.

But the proposal also would do away with a restriction imposed on the Fed in 1999 when Congress lifted Depression-era restrictions that allowed banks to get into securities and insurance businesses. The Fed, as the regulator for the larger financial holding companies, had been prohibited from examining or imposing restrictions on those firms' subsidiaries.

Obama's proposal specifically lifts that restriction, giving the Fed the ability to duplicate and even overrule other regulators. At the same time, the new consumer agency would take away some of the Fed's authority.

Fed defenders argue that none of the major institutional collapses - AIG, Bear Stearns, Lehman Bros., Merrill Lynch or Countrywide - were supervised by the Federal Reserve. Critics argue the Fed failed to crack down on dubious mortgage practices that were at the heart of the crisis.

Administration officials concede their plan responds to the current crisis- in national security terms, it prepares them to fight the last war. But they also insist that a central tenet of their plan is a requirement that from now on financial institutions will have to keep more money in reserve - the best hedge against another meltdown.

That may appear to be a no-brainer: If banks and other large institutions have more money, they won't be vulnerable if their risky bets go bad.

However, banking regulators have been arguing for years over implementation of an international standard for bank capital. Geithner said Wednesday hoped to move on enhanced capital standards "in parallel with the rest of the world."

Obama's overall plan, laid out in an 88-page white paper, was the result of extensive consultations with members of Congress, regulators and industry groups and represented a compromise from bolder ideas the administration ended up abandoning because of heavy opposition.

The plan had its share of winners and losers, both inside and outside government.

Sheila Bair, the chair of the Federal Deposit Insurance Corp., lost her campaign to have a regulatory council, not the Fed, regulate large firms whose failure could undermine the entire system. SEC Chairman Mary Schapiro also had expressed support for Bair's push for a more powerful risk council.

The regulatory overhaul ended up eliminating only one agency, the Office of Thrift Supervision, generally considered a weak link among current banking regulators. The OTS oversaw the American International Group, whose business insuring exotic securities blew up last fall, prompting a $182 billion federal bailout.

The failure to merge all four current banking agencies into one super regulator could open the door for big banks to continue to exploit weak links in the current system. Sen. Charles Schumer of New York, a leading Democratic voice on Wall Street issues, praised the administration's plan but said he would consider further consolidation.

"We're removing one major agency-shopping opportunity, but there's a real potential for others," said Patricia McCoy, a law professor at the University of Connecticut who has studied bank failures.

By JIM KUHNHENN and MARTIN CRUTSINGER, Associated Press Writers

2009-08-24T02:57:00.000-07:00

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Regulations aimed at making credit card policies clearer may reveal higher fees, rates

2009-08-21T03:54:00.000-07:00

NEW YORK (AP) -- The rules your credit card company operates by will start getting much clearer on Thursday. But just because you'll know what they're up to doesn't mean you're going to like what you learn.

Regulations aimed at reining in practices like unexpected interest rate increases and credit limit cuts start with two rules. Consumers will now be given advance warning of any major changes to the terms of their accounts, and get more time to pay their balance after receiving a bill.

These small changes come ahead of more sweeping regulations that will take effect starting in February. Those touch on matters ranging from mandating reviews every six months of accounts that have had rate hikes to limiting the credit that can be offered to students.

Card companies have been gearing up for the new landscape for months, mailing consumers a spate of warnings about fee and interest rate changes. If the notices already sent are any indication, consumers may not be happy about much of the new information they receive.

Citi, for example, is in the process of informing some cardholders that it will institute an annual fee, about $30, on certain accounts.

And American Express Co. recently sent out notice it will eliminate over-the-limit fees on its consumer credit cards in October. They were dropped in response to a provision in that law that, starting in February, requires card companies to offer a way for customers to agree to pay each time a transaction triggers such a fee.

But the good news from Amex stopped there.

The letter Cynthia Vancho received last week from Amex informing her of the fee elimination also included notice that the interest rate on her card will jump to 10.24 percent from 6.99 percent. If she makes any late payments, the rate will shoot up to 27.24 percent.

And while overlimit fees are gone, Amex changed its fees for making late payments to $19 for balances under $250, and $39 for balances over that line. The prior fees were $19 for balances under $400, and $38 for balances over $400.

Vancho, who lives in Pemberton Township, N.J., sees rate and fee increases as penalizing good customers who did nothing wrong. "They're taking advantage of the situation," she said, maintaining that the hikes are being made to offset the cost of complying with the new rules. "I find it unfair for people who pay on time, pay over what is expected of them monthly and are basically good clients."

Amex spokeswoman Desiree Fish acknowledged the regulations played a part in recent rate and fee hikes. "The reason why we did it is to be responsive to the business and economic environment, which obviously included the recent regulatory changes," she said.

The company started changing rates and fees in November. Rates on certain credit cards like its Blue and Optima cards have risen on average 4 percent, while co-branded cards like airline miles cards are up an average 2 percent. "It's just part of the plan changes over the past few months that we've been making," Fish said. Citi spokesman Samuel Wang said in an e-mailed statement the new annual fees "also reflect the dramatically higher cost of doing business in our industry."

American Express and Citi are not unique. A survey by the Pew Charitable Trusts of nearly 400 credit cards offered by the 12 largest issuers in the country found that rates have gone up on average 2 percent since December. Banks are making the moves in response to an array of factors, including the regulatory changes and a spike in the number of accounts that have slipped into default as the unemployment rate has risen, said Nick Bourke, project manager of the Pew Safe Credit Cards Project.

"They're trying to manage a lot of uncertainty, because they don't know what this market is going to look like once this law takes effect," Bourke said. "And they're trying to preserve a very profitable business."

Bourke is among the industry observers who think the new law will benefit consumers.

"The things that people look at when they're looking at a credit card are: What's the interest rate? What are the rewards? and Is there an annual fee?" Bourke said. Problems cropped up because banks started incorporating things consumers didn't expect, like overlimit fees and surprise interest rate hikes. "I think the transparency that the law brings will end up saving people money," he added.

Many elements of the Credit Card Accountability Responsibility and Disclosure (CARD) Act were actually echoes of regulations the Federal Reserve crafted last year that will take effect in July, noted Gene Truono managing Director with BDO Consulting, who previously worked for both Chase cards and American Express.

The aim of all the new rules is to make credit card contracts easier for consumers to understand. Previously, the disclosures on most credit card contracts were "not comprehensible to the average consumer," he said.

In that sense, things like the requirement coming in February that banks spell out on a statement how long it will take to pay off a card making only the minimum payment, and how much interest that will cost, are bound to help consumers manage their credit better, Truono said.

"It passes what I call the 'Dolores Test,'" explaining that Dolores is his octogenarian mother. "If most consumers read them and can actually understand them, it really does have the intended effect."

Nevertheless, while the new regulations will curtail most of the practices the credit card industry has been criticized for in recent years, Truono said consumers must still stay on top of their accounts, adding, "The disclosures are only as good as the consumers who actually read them."

By Eileen Aj Connelly, AP Personal Finance Writer

Business Credit Card Offers - Take Advantage Of It

2009-08-19T13:40:00.000-07:00

The business credit cards are not solely designed for large and well-establish companies but also for other small and intermediately sized businesses. Almost everyone can benefit from the several advantages that a business credit card brings.

The fact that the monthly cash flows and business cycles exists, there are companies and organizations that are not able to manage without company credit cards. Credit cards are invaluable for a host of business purposes from simplifying the bookkeeping process to limiting and tracking the business’s monthly expenditures.

Additionally, the ownership and use of business credit cards can also help smaller businesses to develop a tone of credibility and legitimacy. This kind of perception will not only manifest in the company's vendors but also amongst the employees and owners, as well. A business credit card is essential for today's expanding businesses and organizations.

Comparing the Offers

There are several business credit cards available through thousands of financial sources. Most of these sources offer the best rates with favorable terms. To become a savvy businessman, it is vital to know the significance of a business credit card that can offer rewards or several "perks" that have a positive bearing on the business's purpose, while building a strong credit history at the same time. And so, it is imperative to choose a card that best fit the operations of your business.

Be on the lookout for business credit cards with 0% APR or annual percentage rate on either the first twelve or six months. Depending on your purchases, there are credit cards offer 5 to 20% cash back bonuses through the CashBack Bonus feature. Other key features that you must review are the following.

* Annual fees
* Miles
* Card purchases and transfers on the balance
* Liabilities from fraudulence
* Personalization
* Additional credit cards
* Cash rewards on purchases made by additional card holders

Benefits for Small Businesses

Business credit cards do not only provide assistance in the financial aspect of the business but also bring benefits and rewards to the business owner. You will be able to make the most out of the business credit card through simple advice.

You can use your business credit card for emergency reasons. The ultimate challenge for a business is the maintenance of a smooth cash flow. There are businesses challenged by this factor when they have a small budget. There can be moments when emergencies occur, like when you are given a hefty order from a client unexpectedly and you do not have the adequate funds to accomplish the order; this is where the business credit card comes in handy.

Through the use of the credit cards, you will be able to charge the expenses and pay it at a later time. After delivering the goods to the client and receiving the payment, you will be able to pay for the expenses you charged. Business credit cards are essential in giving you enough time to stretch your cash and create the necessary adjustments as the situation demands.

Lastly, you will be able to track your business expenses more easily. Credit cards provide flexibility to track your business expenses conveniently. You can benefit from the statement of accounts that will reflect all the charges you made in detail.

Most business credit cards also provide an online account access to its holders. This would enable you to look into your account right from your computer at any time.

Hello World!!!

2009-08-14T01:15:00.000-07:00

Welcome to Business Credit Card Applications Blog.

Stay tuned.