Finances and financial tips

Do’s and Don’ts

Never leave your cards lying around where others can get access to them and don’t lend your card to anyone. Don’t sign blank receipts and never give your account details over the phone, by mail or on the Internet unless you are sure you are dealing with a company that you know and can trust.

If you do suspect fraud, or if you lose your cards, report it immediately to your card issuer. By following these simple steps you should be able to considerably reduce the risks of card fraud being perpetrated against you.

Financial statements for business credit cards

Depending upon the type of business you have should dictate what type of business credit card you get. Just like the needs of people vary so do the needs of various businesses. Depending upon whether or not your business is in sound financial shape, or not, should affect your credit card requirements as well. Your personal bank will regularly send you applications for their line of credit cards that might include very attractive features and benefits. Each time you get that letter it will get better.

Other companies will send you additional business credit card applications as well. Most small businesses and even large companies will take the credit card they receive first based entirely on the fact that it came from their banking institution specifically. Before even attempting to compare business credit cards, business owners, many times, end up applying for these offers because of the recognition and comfort level that the local institution provides them. Although this sounds great, it is not usually the best method. Yes, as a business, you will want a credit card as soon as possible while other card companies may not know of your existence. While your first business credit card application will typically come from your bank, once you have established yourself with the State and Federal agencies, however, the applications should start pouring in.