When you’re first starting out with your small business, it can seem like it’s impossible for you to be able to pay all of your bills or find the money you need to get your business off the ground. Especially before you have a steady flow of income, managing your money can be stressful. Having a great small business credit card with features specifically designed with the small business owner in mind could be a great solution to your early cash flow issues.

However, how do you choose the right small business credit card for you? There are dozens of great cards available, and many of them would work well for any number of small businesses. One thing to look at is the amount and type of rewards offered, and how they can assist your business best. Some cards will offer cash back rewards, which you can turn around and reinvest in your company to help pay employees, reduce debt or expand your product line or services in some way. Other cards will give you travel credits for miles you can redeem for airline flights. If you find yourself traveling for business a lot, this may be better for you as you will be able to take many of your business trips for little or no charge after the miles pay for your tickets.

Other things to consider are the annual fees and any startup bonuses. Many cards will give you extra rewards if you charge a certain amount within the first three to six months. If you know you will be spending at least that much, there’s no reason you shouldn’t take advantage of this. For cards that have an annual fee, make sure that it’s worth it. Will you get more in rewards than you pay into the card? If there’s a promotional rate for the first year, can you afford the full price in the second year? Once you’ve look at these options, you’ll be able to find a great credit card for your small  business.



This article was written by Gillian Kruse of Examiner.com for CBS Small Business Pulse.



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