Three Things to Know About Business Credit Cards

Publication: Entrepreneur

Author: Gwen Moran


03/07/2012 - When your company needs a little extra credit, it might be tempting to fill out one of those business credit card offers stuffed in your mailbox. Before you act, here are a few things you should know.

1. Small-business cards aren't regulated by the 2009 Credit Card Accountability, Responsibility and Disclosure Act, which protects consumers from such practices as arbitrary interest-rate increases. The Pew Health Group warns that such an increase could amount to hundreds or thousands of dollars in extra costs for your business. Just check the fine print: Some issuers have voluntarily adopted these protections.

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Read the full article, Three Things to Know About Business Credit Cards, on Entrepreneur's Web site.

Pew is no longer active in this line of work, but for more information visit the Safe Credit Cards Project on PewHealth.org.

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