Small business credit card is a good way of building your business credit. Proper management of the small business credit card will turn to an effective business tool to help small business owners grow their businesses. It also strengthen your credit standing, thus it is very useful for additional financing for growth or expansion purposes. Misuse of your business credit card has the potential to destroy your business and dreams. Follow these small business credit card tips to effectively manage your credit.Avoid missed or late paymentsBe responsible for your monthly business credit card payments. Failure to comply the payments can leaves you vulnerable to higher interest, costly fees and a blemish on your credit record.Use GraceSmall business credit cards offer a 21-day grace period before you have to make payment on your purchases. Improve your cash flow using a credit card instead of checks and also, by maximizing your grace.Pay your bill onlinePaying online through business credit card companies website can saves time and avoid the extra costs normally incurred when making use of other modes of payment. It is a secured website and they ensure that your payments will not be subject to delays.Limit Card HoppingTruly when signing to multiple business credit cards gives you advantages on deals but it has a negative impact on your credit rating and managing you accounts can be difficult.Apply at HomeAlways consider applying for your small business credit card at your existing financial institution. This way, you can establish good relationship for the easy approval for other process.No Cash AdvanceAlways keep in mind that by not using cash advance feature on your card can reduce credit card fees and interest costs.Recommended Cards:Starwood Preferred Guest Business Credit CardCiti ProfessionalSM Card with ThankYouSM Network
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