With the growing popularity of small business credit cards and ever changing interest rates, now is the time to learn the 6 steps to effective small business credit card management.

Apply at Home: Try to apply for your business credit card at your personal financial institution. Your banking relationship will only make your approval process better. When you need a line of credit or a loan, your already-established relationship with your lender will help credit applications over $100,000 with the use of real people, and not automated scoring systems.

Limit Card Hopping: Signing up for multiple cards or taking advantage of a bunch of deals can have a negative impact on your credit rating. This will also make managing your cards more difficult.

Use Grace: Most business credit cards offer a 21 day grace period before you have to make a payment on your purchases. Use a credit card instead of a check, since checks have a quicker clearing process.

Pay Online: You can save time and money by paying your credit card online, instead of going in to your local branch or mailing in your payment.

No Cash Advance: Reduce your fees and interest costs but not using the cash advance feature on your card. These incur more costs and fees, and you should use your business account debit when you need immediate funds.

Avoid Late Payments: Late fees and high interest not only erode the merits of using your business credit but they can damage your credit score. Be responsible about your credit and pay it off each month.

If you need help building business credit or funding solutions, contact us today. We can be reached at 888.456.9223. We are offering a FREE e-book, just for visiting our site! Learn how to get $25,000 or even $250,000 to fund your business.

Tags: business credit solution, business credit solutions, credit solutions, small business line of credit