Welcome to Credit Guide
Arizona Federal Credit Union Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
How and Why to Get a Business Credit Card
from:Most often when people are in business for themselves, or even when they are working for a large company, they are often given their own business credit card to use for the company.
When it comes to getting a business credit card the most important thing that a credit card company will look at is the history of the company. By that, they will often look at the owners of the company along with their credit scores. Going by the credit scores of the owners; that will determine how many (if any) business credit cards they will be given. In most cases, at least one business credit card will be offered; however, there may be more (depending on what the credit score is). Another thing that the credit card company will look at upon approval of the credit cards is what type of income the company is bringing in. No matter what the credit card company finds out, if you are a company, more and likely you will be approved for a business credit card of some sort; provided you can show proof of your business!
One of the most important things that a credit card company will look at before issuing a business credit card to any company is some sort of validation that the company exists. With most credit card companies, they will ask for certain types of paperwork for validation; such as W-2's. However, if you are in business for yourself and is applying for a business credit card, it may be harder to get approved as your business is not as large and locally known as many other businesses. In fact, when you own your own business a lot of times you may have to send many different things for verification of your business; such as 1099's, employee's W-2's, company letterheads or anything else that will help validate the company.
When a company gets a business credit card, it is usually for many different reasons. In fact, some of the main reasons why a company will get a business credit card is so that they can earn extra money every time they use it (such offers from the credit card). Another reason why many businesses like to use their credit cards is so that they can have receipts on everything they purchase; where they can write it off at the end of the year. In fact, the reasons why companies use their credit cards are endless; as they all have their own reasons!
The only important thing that a company has to remember is that they must use the credit cards wisely, and to pay the debt each month! In the end, the business credit cards will do nothing but help them along in their adventures in the business world!
Arizona Federal Credit Union News
Meriwest Credit Union: Thinking Globally, Acting Locally, Making a Difference! - Credit Unions Online
 Credit Unions Online | Meriwest Credit Union: Thinking Globally, Acting Locally, Making a Difference! Credit Unions Online It all began over 50 years ago on May 5, 1961 when the IBM San Jose Employees Federal Credit Union was formed. Then, in 1975 the official name changed to Pacific IBM Employees Federal Credit Union, and finally in 1999, became Meriwest Credit Union. |
Home Sales Jump -- Arizona State Credit Union Ready with New Loans - MarketWatch (press release)
 Credit Unions Online | Home Sales Jump -- Arizona State Credit Union Ready with New Loans MarketWatch (press release) PHOENIX, May 16, 2012 (BUSINESS WIRE) -- Arizona State Credit Union added construction loans to its home loan portfolio in anticipation of an improving economy, as evidenced by the 27 percent growth of new home sales in March compared to the prior year ... Credit Union Commercial Loans Favored Over Banks |
Lack of funds cited as chamber postpones astronomy event - Benson News Sun
Lack of funds cited as chamber postpones astronomy event Benson News Sun In addition to the benefit, an account has been established in King's name at Southeastern Arizona Federal Credit Union. For information about the barbecue and benefit, contact Kelly at 520-665-1053 or Malboeuf at 520-586-0180. |
Prosecutors seek 20 years for Liddle, 12 months for wife - Yuma Sun
Prosecutors seek 20 years for Liddle, 12 months for wife Yuma Sun BY JOYCE LOBECK - SUN STAFF WRITER Federal prosecutors are recommending that a judge sentence William Liddle, former member business loan chief at the AEA Federal Credit Union, to a minimum 20 years in prison followed by five years of supervised ... |
Desert Schools Awarded by Toastmasters International for Community Service and ... - MarketWatch (press release)
Desert Schools Awarded by Toastmasters International for Community Service and ... MarketWatch (press release) PHOENIX, May 14, 2012 (BUSINESS WIRE) -- Desert Schools Federal Credit Union, the largest not-for-profit membership-based financial institution in the state of Arizona, announced today that it has been selected by Toastmasters International and the ... |