To get a secured business credit card, you'll have to provide some sort of collateral. Many times, these credit cards offer low interest rates and help you build a positive business credit history. You should consider one to see if it fits with your financial business plans.
Instructions
1. Select something you can offer as collateral. Real estate property, shares of the business or the business itself are examples of collateral.
2. Compare the fees and annual percentage rates of several credit card companies. Make sure that all fees are reasonable for your business.
3. See if any of the credit card companies offer beneficial rewards such as points for office supplies or travel. Some credit card companies give introductory incentives like zero percent interest for a 6 months or a year.
4. Consider service protection plans to prevent identity theft or to protect your business when funds are scarce.
5. Use websites that allow you to compare various credit card offers such as Value Plus Financial or Credit Card Flyers.
6. Apply for the credit card that is the best match for your business needs and make your payments on time.
