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Once you have your business legally established, one of the first things you are going to want to do is to get set up with an adequate business credit card or two; a task which should not be particularly difficult, as no sooner will you have set up your new business than you will be hampered via mail and email with business credit card offers. It is essential to know exactly what you are looking for in a business credit card, and where you should go to find one.
The first thing you want to look for in a business credit card offer is the nature of its business lending policy; is it lending specifically to your business, or is it taking personal credit into account? You want to make sure that only your business credit, not your personal credit, is being affected here. Business credit can suffer with the addition of pulls made to personal credit, so if you are unable to find a credit card that is operating solely on business credit, you may want to rely on a secured credit card, in which case you will need to hold a savings account for your creditor in order for them to issue the credit. While this may be inconvenient at first, you can rest assured that this is a very effective mechanism for building business credit, and that you will have a wealth of business credit opportunities later.
When scrutinizing your business credit card offer, you are going to want to prioritize certain things over others; namely, you are going to want to be assured that your business credit card is going to have a stable, intuitive interest rate, and that you will not be gouged later, to your chagrin. It will be a good idea also to go with a credit card that offers cashback rewards rather than bonuses; these offers are almost always guaranteed to be superior.
Business credit card offers offer many bells and whistles, just know that the core of any credit card offer is a low, stable interest rate, and a high credit limit.
