This is Jeff Rose from goodfinancialcents.com
and this is for all the small business owners out there. A couple years ago I became a small
business owner. I started my own practice and what a sense of excitement, a sense of
uncertainty. If you are a small business owner you can relate to that. For those that don’t have a lot of startup
capital, you’re always looking at ways how can I get cheap money. Today I want to share
with you, if you’re looking for cheap capital then consider opening a small business credit
card to make sure that you have enough to get your business going and you’re always
going to have a constant cash flow to invest in your business and grow it to the next level.
On my blog, I have a summary of the best small business credit cards that will either get
you the best points, get you the best cash back, and depending on if you are a small
business that markets to your local community or globally or nationally, you’ll see what
the best credit card is for you. A couple things you’ll want to consider if
you’re a small business owner is are you going to be able to pay off that credit card each
month. If that is a case, there are certain cards that are going to be best suited for
you because they are going to give you a lower interest rate and not hit you with large fees
if you don’t pay it off each month. If you’re a small business owner that travels
frequently and doing a lot of flights and trying to rack up airline miles, there are
certain cards, especially with Chase, that offer some awesome reward points that will
get you frequent airline miles. That way you can get free tickets whenever you need it.
For me personally, I don’t travel a lot. A lot of my small business is done to the local
community, so I was looking at one for reward points. I charge it each month and make sure
that I’m getting enough cash back to justify. I’m going to spend the money regardless. I
might as well get some money on top of it. For me Chase just makes a whole lot of sense.
They have some awesome reward points, up to 5%. I think I got a $250 signup bonus for
signing up. After I passed $5,000 in purchases, I was able to get another cash back, so it
just made complete sense for me. One final tip and this is something I learned
after the fact, if you do have a small business you want to make sure you put the card in
your name or keep it separate from your personal expenditures. The other key thing is if you
have a separate small business checking account, when you’re paying off that credit card each
month, don’t pay it out of your personal checking account. Pay it from the small business account.
This is a little tip that my CPA instructed to me to make sure that you’re keeping things
separate, especially if you have an LLC set up. Once again, if you want more information on
the best small business credit cards that would be best suited for you, head over to
the blog, goodfinancialcents.com and Google “best small business credit cards” and you’ll
see it there. As always, if you have any questions for me, hit me up on the blog, goodfinancialcents.com.
See you soon. The opinions voiced in this material are for
general information only and are not intended to provide specific advice or recommendations
for any individual. To determine which investment(s) may be appropriate for you, consult your financial
advisor prior to investing.