Card issuers are really rolling out the red carpet for their business customers, but is there a catch? Not if you act responsibly.
Opinions expressed by Entrepreneur contributors are their own.
Remember when the kids picked teams back in grade school, and all the captains fought for the school's star athlete? Well, guess what? In the game of business credit cards, it's you the big three are fighting for.
Though American Express, MasterCard and Visa once viewed small businesses as risky bets, they're now aggressively courting you with low introductory rates and perks like vendor discounts, reward programs and consulting services. In fact, there's never been a better time to become a cardholder, says Robert McKinley, CEO of Frederick, Maryland-based Ram Research Group Ltd., which produces the bank card publication CardTrak. "The competition has geared up so much in the business card area that you can benefit immensely from gathering points and miles," he says. "So in addition to building a credit record for the business and helping to separate personal and business expenses, business owners can generate a lot of extra value."
Continue reading this article — and all of our other premium content with Entrepreneur+
For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:
- Digestible insight on how to be a better entrepreneur and leader
- Lessons for starting and growing a business from our expert network of CEOs and founders
- Meaningful content to help you make sharper decisions
- Business and life hacks to help you stay ahead of the curve