What Are the Best Small Business Credit Cards?

Small businesses have established themselves as the backbone of the economy in the United States. In fact, it is primarily through the hard work and innovation of small businesses that we have been able to survive through the recent economic turmoil. The struggling economy has not only affected consumers, but also small businesses, and many business owners are finding it increasingly difficult to get the funding that they need to sustain their businesses. In addition, getting a business loan has become extremely difficult and without the proper funding many small businesses will unfortunately have to close their doors.Credit cards are one of the best ways for you to fund your business in these truly tough times. As a business owner, it is important that you look into which small business cards are best for your particular situation.The best small business credit cards should have all of the following characteristics:Low or Fixed Annual Percentage Rate – If you are buying a lot with your credit transferring large balances from one account to another, then you are going to want to make sure that your credit card has the best possible annual percentage rate or APR for purchases and balance transfers.Access to Balance Transfers – If you are planning to transfer a high interest balance to your new card, you should look for a card that waives the balance transfer fee or offers a low APR on the balance transferred. In any case, do the math and make sure that the fees associated with the transfer are something you can handle.Introductory Offers – Cards that come with different offers for a period of 12 to 15 months can be extremely useful for small business owners. For example, if your card offers a 0% APR on your purchases for a period of 15 months, then you can buy all of the things that you need without having to worry about paying enormous interest rates before you have a chance to pay off the balance. No annual fees, low or no interest on balance transfers and free employee cards are other examples of introductory offers that may fill a niche in your business needs.Grace Period – Some small business cards also allow you to defer payments for a period of a few months. This can be extremely helpful when it comes to the cash flow challenges that small businesses common find themselves having to contend with.The right business card can really make a difference in these difficult economic times. And while finding the best small business credit cards may not be easy, as a business owner it’s important that you do what it takes to get your business the financing that it needs. The country is counting on it…