Business Credit Cards - American Express, Visa, MasterCard, Discover
Posted on January 24, 2009 by admin
Business Credit Cards - who needs em’ ?
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There are always hundreds of advertisements for business credit cards. American Express, Visa, MasterCard, Discover, Capital One and other credit cards are supposed to make the average consumer’s life easier - in fact, it’s creating just the opposite. It’s tough! The money these companies earn on interest is incredible. Haven’t you ever noticed that business credit cards are taken advantage of in the marketplace?
American Express is a good credit card. Nothing spectacular. It gives you supposed “benefits” throughout the globe and is supposedly easily accessible for vendors. Try telling that to a grocery store in Toronto, Canada. American Express is not as wildly popular.
MasterCard is a tool. The interest rates on this card are generally higher than other business credit cards and it doesn’t help anybody.
If you want a good business credit card, find one that gives you the longest life cycle to pay back.
These are typical credit card reviews. What do you think? Leave a comment.
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Comments (1)
Dat To
January 28th, 2009 at 9:39 am
It’s crazy how much we are used to using credit cards. How many people actually use it, then pay the entire balance at the end of the month? That’s how they are supposed to be used, but we all see it as FREE MONEY. Except we pay forever for our instant gratification. You are right, these cards are becoming a nightmare for North Americans. Spending money we don’t have and now with decreased spending, these card companies are raising interest rates to 25% or more when two missed payments occur. Which would guarantee financial trouble with those who missed those payments in the first place.
Dat Tos last blog post..CHIP Based Card Processing for Debit & Credit
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