http://www.businesscreditcardsite.com/blog/business-credit-card-myths/ Tue, 09 Nov 2010 14:18:59 +0000 hourly 1 http://wordpress.org/?v= http://www.businesscreditcardsite.com/blog/business-credit-card-myths/comment-page-1/#comment-25281 bobmigs Thu, 08 Jul 2010 19:24:26 +0000 http://www.businesscreditcardsite.com/?p=2390#comment-25281 When you get a business credit card you AND the company are on the hook? How can this be advantageous. If you have a business downturn THEY will destory you by tripling you interest rates. Further hurting your small business. Get a credit line from a bank wiht a fixed rate and term. If business gets tough at least its in the banks interest to work with you INSTEAD of tripling your rates for latespayments. When you get a business credit card you AND the company are on the hook? How can this be advantageous. If you have a business downturn THEY will destory you by tripling you interest rates. Further hurting your small business. Get a credit line from a bank wiht a fixed rate and term. If business gets tough at least its in the banks interest to work with you INSTEAD of tripling your rates for latespayments.

]]> http://www.businesscreditcardsite.com/blog/business-credit-card-myths/comment-page-1/#comment-25279 bobmigs Thu, 08 Jul 2010 19:10:54 +0000 http://www.businesscreditcardsite.com/?p=2390#comment-25279 Business credit cards can be a nightmare. During the recession late payments converted cards at 9.9 to over 30%. Advanta Card was one of the biggest offenders. The CEO even bragged about it That they could increase thier yield. How ? You got it 34% The government bailed them all out and WE the small businesses are left holding the debt. I dont recommend credit cards business or otherwise. They are mafioso loan sharks in sheeps clothing Business credit cards can be a nightmare. During the recession late payments converted cards at 9.9 to over 30%. Advanta Card was one of the biggest offenders. The CEO even bragged about it That they could increase thier yield. How ? You got it 34% The government bailed them all out and WE the small businesses are left holding the debt. I dont recommend credit cards business or otherwise. They are mafioso loan sharks in sheeps clothing

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