In an effort to entice more companies into taking on credit card debt to better facilitate their transactions, some major lenders are now offering business credit cards that are associated with rewards programs and other perks.
More competition among credit card issuers to entice small business owners into opening accounts for their companies has led some major lenders to begin offering cards with cash back rewards programs, or other perks that can make the cards more affordable, according to a report from Entrepreneur. Since the beginning of July alone, three such new accounts have been offered American Express and Capital One Financial.
Two of these accounts offer straight cash back to cardholders, while the third, offered by Capital One, grants companies lower interest rates based on where their business is based, the report said.
However, these cards for small businesses may be problematic for some because the protections extended to consumer credit cards do not apply to those for companies, meaning the terms of an agreement may be changed without notice, which could make it more difficult to get out of debt. Read more…
Even though there are many types of credit cards out there for consumers, there are few for those with bad credit. Those who are looking to repair their credit have a few options available, one of which is the bank secured credit card. This credit card can help you to repair your credit, as it works in conjunction with your savings or checking account.
Bank secured credit cards look and work just like traditional credit cards, although they use your bank account as collateral. Anytime you arent able to pay your credit card bill at the due date, the bank will take the money out of your account. This way, there is always money there for the bank, in the event that you are unable to make your payment.
Bank secured credit cards are also ideal for those who have a bankruptcy or simply dont qualify for a line of credit due to bad credit or no credit history. These credit cards show your bank that you are able to pay your monthly dues, and that you are taking the necessary steps in rebuilding or building your credit. O Read more…
A new survey has revealed that more than five million people are using credit cards to pay at least one household bill every month as people struggle to recover from the effects of the recession.
Moneysupermarket.com carried out the study which found that 14% of credit card users were using their cards to pay everyday bills such as gas, electricity and phone bills. A further 7% of those surveyed also said that they used their credit cards to withdraw money from cashpoints, resulting in them paying large withdrawal fees.
Half of the consumers asked said that they used their credit cards for large purchases such as televisions or DVD players, while 43% used them to pay for grocery shopping and 38% used them for buying fuel.
Kevin Mountford, of moneysupermarket.com, said: “It’s alarming to see so many people using their cards to pay for what should be everyday spending. Usi
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A new poll has shown that more than one third of Britons would risk debt problems and use their credit cards if it meant that they could go on holiday.
The survey, by travel guide giants Lonely Planet, have said that when it comes to holidays 35% of people surveyed said they would be willing to pay for all the costs using their credit cards.
A further 24% also admitted that they would sell some of their possessions to raise money for a trip, while 10% of those surveyed would be willing to take out a loan or use their overdrafts to take a break.
Only one percent of those surveyed said that they would not take a holiday if they didn’t have the money to pay for it but 63% said that they would raise money for their holidays by cutting back on their spending. 61% of those in the poll said that they would use some of their savings to pay for a break, rather than taking out more credit to fun the trip.
At the top of people’s to-do lists was seeing cultural sights, followed by 89% of people saying that nature and scenery was second on the list and 83% said that food and drink was also important. Sur
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