Beat The Blues With The American Express Blue For Business Credit Card
Below is a MRR and PLR article in category Internet Business -> subcategory Web Hosting.
Boost Your Business with the American Express Blue for Business Credit Card
Overview
In today's fast-paced world, credit cards are crucial for small business owners, with 90% relying on them daily. A 2007 survey by SurePayroll indicated that business owners are more cautious in managing credit cards compared to personal users. Beyond timely payments, optimizing cash flow and reducing interest costs are key. Let's explore how the American Express Blue for Business credit card can help.
Optimize Cash Flow
Managing cash flow means extending the time between receiving goods or services and paying for them. Negotiate with suppliers for a 30-day payment term instead of 15. When payment is due, use your American Express Blue for Business card, which offers a 25-day interest-free grace period. By paying on the last day of this period, you effectively gain 55 days to pay for your purchase, enhancing your cash flow.
Minimize Credit Interest
Introductory Offer
New cardholders enjoy a 0% APR on purchases for the first 12 months, easing the interest burden if you carry a balance. Additionally, balance transfers are available at a 4.99% APR for the life of the balance, making it ideal for consolidating debts.
Line of Credit
While paying off your full balance is best, unexpected expenses can arise. The card offers an 11.24% APR on purchases, but cash advances are at a steep 23.24% APR. Thankfully, the American Express Business Line of Credit is available, offering $10,000 to $100,000 with a 10.24% APR, even on cash. This line of credit also lets you earn reward points, providing flexibility for business growth.
Conclusion
A business credit card like the American Express Blue for Business is an invaluable financial tool. When used wisely and strategically, it can be a sustainable and cost-effective way to manage working capital for your business.
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