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Business Credit Cards

The business credit card is quite useful for a person who owns a business. The usage of your business credit card depends primarily on your business needs. If you have started with a business, the needs of your business will be different than when you will have been established. In case, you have just kickstarted your company, the expenditure is mostly towards machinery and supplies. If your business is established, then most of business expenses are usually attributed towards daily inventory and merchandise. In a scenario, when you have to buy supplies on an ongoing basis, you have to make sure that your business credit has a high credit limit or no upper credit limit.

Your business credit cards should have rewards programs and value added features like cash back offers. If you have travel a lot as a part of your business, then you may go for the business credit card that lets you collect a lot of frequent flier points or air-miles that can be exchanged for a flight ticket. The business credit card with a cash back feature(cash back business credit card) helps you attain discounts or cash back annually from various dealers or whole-sellers on an annual basis.

Your business credit card should be adaptable to the dynamism of the business. You should be able to use it comfortably for cash advances. Go for the business credit card that makes it evident that there are no expenses charged to you if your card is stolen or lost. The business credit card should be immediately replaceable with no financial damage to your business.

A unique feature with a business credit card that there are expense reports which are prepared, that lets you know about the business expenses as compared to the personal expenses. Your credit company has the duty to give you spending reports because these help the employers keep a track on its finances and employee expenditure. A business credit card can also carry group discounts, which may give benefits to the employees.

A business credit card is also an ideal substitute when you find carrying cash or foreign currency for travel, hotel and accommodation. Of course, a business credit card has a lot of prestige value because it can be used for corporate retreats and entertainment. You can apply for business credit card online too. All you have to do is fill the business credit card online application. The best business credit card make life easy for your business. Some of the best in the business of business credit cards are:

citibank business credit card

advanta business credit card

american express business credit card

capital one business credit card

bank of america business credit card

Travel Reward Credit Card

A travel reward credit card is offered as a part of the credit card rewards program that gives you the benefit to redeem credit or cash in your traveling purchases. A Travel Rewards Credit Card can benefit you even more if you are a frequent flier. Your favorite airline company will offer you the benefit of using its travel rewards credit card from which you can accumulate points.


It is important to compare your travel reward credit card to offer the one that is tailored to your interest. While choosing the travel reward credit card, find out if you normally use the same airline for business or personal traveling purposes. If it is one particular airline, you can use the travel rewards credit card of that particular airline and accumulate a lot of reward points and benefits like frequent flier miles which can lower the cost of your airticket.


It is not just the airline travel company that gives you the benefit of your travel reward credit card. You can use it for transportation and accommodation abroad. It can take care of your hotel expenses while you stay overseas. Thus it is important to find out the primary use of your travel reward credit card.

Many of us will be curious to know what are the actual rewards offered by the travel reward credit card. Well, they can be in the form of discounts, rebates, free upgrade, gift vouchers and of course, frequent flier miles. The rewards should offer some benefit to you. What is the use of buying a travel reward credit card that is not useful for you, inspite of all the perks and benefits?

While comparing different travel reward credit card, check for the annual fee. If it is on the higher side, then understand that the company is trying to give you benefit from one side and charge you from the other side. No, it is not wrong for the credit card company to charge the annual fee but the cost should be worth the benefits that you are getting.

In a travel reward credit card, you should find out about the points system and what is the procedure to redeem them. You should know how the points are converted to miles. Also find out if there are surplus bonus points that can be earned during certain transactions or purchases.

At times, a card holder has to write a letter or phone the credit card company and remind them of the points he has accumulated. Then he has to wait for a certain duration of time when he can actually get the reward. Ask a credit company outright if the process of actually attaining the rewards or frequent flier miles is simple and hassle-free. Of course, the procedure should be given in writing so that the customer is safe.

Free Prepaid Debit Cards

A free prepaid debit card is a feasible substitute for a credit card. free prepaid debit cards help save and also manage your money. You can easily get a prepaid debit card as compared to a credit card. If you are an employee of an office or running a business, you can easily get a free prepaid debit card. You can also get free prepaid debit card as a promotional product.

Unlike credit card, free prepaid debit card require no excess verification or past credit history record. Since there is no credit line in a debit card, you are not in the fear of being stuck in a bad credit situation. Free prepaid debit cards are accepted internationally and at most shopping outlets that display the debit card logo. It is important to read the fine print or find information from the website of the free prepaid debit card to know about how and where the debit card can be used.

Opt for a debit card that gives you a lot of value added features. Some of them are the overdraft facility, ability to send statements online, notification of the salary credited to your account on your mobile phone, and most importantly transferring of funds from one debit card to another one without any hassle. There are also debit cards in which you can have your photo embossed. Your prepaid debit card should have a feature for insurance against loss, damage or theft.

Your free prepaid debit card may carry certain fees in which you may be charged for withdrawing cash from the ATM for more than the prescribed number of times. Free prepaid debit cards are offered as a corporate salary account most of the times. After you leave the organization, the corporate salary account changes to a personal banking account in which you may have to maintain a minimum quarterly balance. Also, you may be charged a certain amount of transaction fee if you use your debit card for an ATM from another bank or debit Card Company.

To know more about the difference between a debit card and a credit card, go to the rediff article..http://www.rediff.com/getahead/2007/jul/26credit.htm

apply online for instant approval credit card

What does instant approval credit card imply? You may have been hounded by different credit companies online asking you to apply for credit card instant approval and then your credit card applications online will be approved instantly.

It is important to know that instant credit card approval does not mean, that the moment your application is approved, you can begin to use the card for shopping. It does not work that way. You should actually receive your credit card in the physical form (which make take a week or two) before you begin to use the online instant approval credit card.

The brightest thing to know in the ‘apply online for instant approval credit card’ offers is that you can deduce in a short time if you are qualified to get the card or not. No more wasting time, filling applications on paper and waiting for ages to be approved through the normal mail. When you apply for online credit card instant approval, you get what you fast and quick. Also when you apply online for a credit card, you have the power to compare the cost of credit by other credit companies, browse through the benefits, interest rate, value added features on other credit cards and then make an informed decision.

Given below are 5 tips that you can benefit from if you are applying for instant credit card online be it, a student credit card instant approval, instant approval business credit card or any other credit card which has the instant approval feature:

1. Just apply. Do not think that credit card companies will offer the instant approval credit card only to people with a fantastic credit history. Most credit companies are doing their best to capture the market share and would not mind testing you. So, even if your credit rating or credit history is not exactly flattering, go ahead and apply.
2. Do not be swayed by far-fetched offers and deals offered by credit card companies offering instant credit card approval. Use your logic and do not rely on just one website. Browse through review sites, and blogs to find out user experiences.
3. Do not fill a lot of online credit card application instant approval forms. Remember if you apply for many credit cards, it can harm your credit rating because you may be perceived by CRAs as some one have dire need for credit.
4. Do not be late on your credit card payments. If you have a history of late payments on your credit, it will make it difficult for your application of online credit card instant approval to be passed. If you have a prompt credit history, things will be easy.
5. If your instant approval credit card application is not approved by standard companies, then fill the application from a department store credit card. The application is especially for beginners who have begun to use credit.

What if my application for instant credit card approval gets rejected? Do not try again. Wait for some months before applying. This is because if your application for instant credit card approval is rejected, it can affect your credit rating.

Apply for a credit card

You are eligible to apply for a credit card if you are 18 years of age and have a standard source of income. In countries like US, the lenders ask the credit bureau for your credit report and run a check through your credit profile to check if you have outstanding bills, loans or mortgage on your account. They make their credit decision after going through your credit file.

In countries like US, a consumer is considered to be low-risk if he or she lives in their own home and/or are in a profession for at least two years. Such a person attracts a low rate of interest for his credit card. A person who has outstanding dues to pay or does not have a fixed source of income may be eligible for a credit card but at a high rate of interest.

However the scenario is different in India, an upcoming economic superpower in Asia. Indian banks have been charging equal rates of interest for credit cardholders regardless of the payment history, economic status or credit profile. However the application of ‘different’ rates of interest based on credit history and source of income is gaining ground in India. In future, it looks that the provisions for application of interest on credit cards will be the same as in US. The average rate of interest on a credit card in the US is 13-14 percent per annum while in India, it is 33-34 percent.

What the card holder should know

According to the Truth in Lending Disclosure, (TILA) implemented by Federal Reserve (US) in 1988, it is important for consumers to know the cost and terms of credit. This means that the information in a credit card agreement should be in a comprehensible, easy to read and easy to compare manner so that consumers can make an informed decision.

It is important for the consumer to go through the terms and conditions of the credit. He or she should also find out the annual fees of the card and do a comparative analysis. There are some credit companies that charge annual fees and there are others that do not.

Every credit card company gives value added features like Billing Dispute Resolution, Purchase Protection, Extended Warranty, Fraud Early Warning, Accident Insurance, and Insurance of loss of luggage and many other features. There are even issuers that provide credit for low promotional rates or even zero percent interest rate. The idea is to promote the card and make the card holder make good use of the card. Till the time of promotion, the credit card holder has to pay meager or no interest on the outstanding balances.

How you can use your credit card to your advantage?

If you are quick on your payments and do not exceed the credit limit, you can call the credit card customer service wing and negotiate for a lower interest rate. If you’ve been a good credit history and relationship with the company, they will definitely oblige.

You can also call up the credit company and ask for a late fee waiver. In case, you are incorrectly charged, you can also get credit as a good will gesture. You can also ask for a credit line increase. Not to mention benefits like value added features, insurance protection, merchandise dispute protection and cash back offers. However all of these are marketing tactics for you to buy the plastic money and use it. However it is important to use your credit card sensibly. Financial experts state that your credit payments should not exceed 15 percent of your net take-home salary.

Now you do not need to wait in line,for days on end, for your credit card application, to be approved. You can apply for a credit card online too. Some of the best deals in online credit cards are available with major players like:

Please note that the credit card brands given below are all exceptional and popular in their own right. The brands given below are not ranked in order of importance.As a prospective customer, you can click on the links and make a cost-comparative evaluation to decide which one offers the best terms of credit that is tailored to your interest. The listings of credit card brands is just to make your life simple and make it easy for y0u to check, compare and apply for credit card online from one place rather than go to different websites.

In India
HSBC credit cards
Citibank credit cards
HDFC credit cards
ICICI credit cards

In the US and UK:
Citibank credit cards
HSBC credit cards
Chase credit cards
Bank of America credit cards
MBNA credit cards
Washington Mutual credit cards
American Express credit cards
Virgin credit cards
Barclay credit cards
Capital One credit cards

What is a credit card?

A credit card is a contract between the issuer (a bank or a financial entity) and the cardholder (you). A credit card is the best and the most popular form of ‘plastic money.’

A credit card works on the ‘Buy now and pay later’ scheme. The contract or the agreement forms a binding contract when the consumer signs on it. This is an indication from the consumer to the credit issuing company that he or she will pay them in the future for the credit granted. In other words, it is the responsibility of the cardholder to make sure that he or she will pay back the credit lent within a specific period of time.

The credit company makes ‘profit’ in the form of interest, finance charges, late fees, over-limit fees, annual fees and other fees. Other than annual fees, the other fees mentioned come into picture when the credit due is not paid off within the due date. Credit cards are extensively used in the US and in most parts of the world as a suitable financial mode for both purchases as well as payments.

Every second person in the US has practically used credit money at some time or the other. And why not? A credit card is convenient and easy on the wallet. It is any day comfortable to carry a credit card than stash your wallet with cash. You can use your credit card for practically all forms of monetary transactions. You can book for online flight or online travel with a credit card. There are Travel rewards credit cards; cash back credit card, airline credit cards and such other credit cards which give attractive discounts on your credit card when you are traveling.

How does a credit card help? Picture this, you have to book an airline ticket at the earliest but you do not have enough cash. What do you do? No sweat, book your flight with a credit card and you can use your present money to spend on expenses like hotel accommodation or other expenses. You can always reimburse the credit card company in the future. Thus your credit card takes care of exigencies. As a card holder, you have the right to consumer protection under federal law or the consumer law of your state.

You can dispute an item if it is not upto the quality standards, is delivered late or delivered broken, scratched or damaged. The best part is you do not have to break your head arguing with the merchant. The credit company does the job for you and sets up a ‘dispute’ with the merchant or the trader. The consumer is given the benefit of the doubt and is given the credit when the case is pending. In case, the cardholder loses the dispute, the credit applied is also reversed.