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Business Credit Card – Get Quick Capital With A Click

A credit card is something which is helpful to borrow some money under certain conditions. In case you want to apply for credit cards you must know that your monthly income plays a vital role in your application.Furthermore credit card is designed to deal with your day to day expenses.However, you should only get credit card once you know everything about it. When you are applying for credit card you should know about the following factors

What is the difference between Secured and unsecured credit cards

Your financial requirements are the main key along with eligibility factors and these things are important on whether you will get secured or unsecured credit cards. Furthermore, when you are applying for secured credit cards , in most cases you have to deposit some collateral like a fixed deposit.  

In such cases the line of credit might be varied and you might get low interest rates too. In addition an investor has to know that the value of the line of credit is largely based on the value of the collateral. If you are applying for a credit card under the unsecured category, the interest might be relatively higher. In most cases this type of card does require any sort of collateral.

Business card also has interest free period

As per data almost 80% of companies offer credit cards which are interest free. Likewise, this interest free duration is more or less similar in all credit card companies. In addition it is calculated from the transaction date to the payment date. Furthermore if you can pay your amount fully to the b 

In addition, they also might ask for additional details like household income. In certain cases, they also check Social Security numbers and visit the personal address of the applicants to find additional truth.

You may not be liable for personal debt

Before you apply for credit cards you have to know about the liability of the card. In addition, you also have to know what kind of debt you have to pay once you are liable. The thing is it all depends on the kinds of debt and the liability the card offers.

In addition, if it is liable commercially your business is liable to pay the debt. Furthermore, there are different types of liability called joint and several liability. It means that you and your business both will be responsible for paying the debt. Likewise, you have to know about the responsibility before you sign any documents.

Get the higher credit limit

According to data, businesses offer almost 85% more facilities than the personal card. In addition, business cards offer more credit than personal cards. The reason is small business owners charge more than a normal consumer.

This cards can be authorised for customised users

Incase you have an employee who would like to use it for purpose of the company, can be attached as authorised users of the business credit cards.Moreover, you can also look into details of their spending and expenses.In addition,, this type of card has business privileged account is attach and you can regularly track the activity of the users. You can easily check out where he has spent and how much he has spent too.

Conclusion

In citibank business credit cards, payment terms can be designed and tailor made. As a business owner you always want proper cash flow. But we all know that it is not possible in real life scenarios. Moreover, business also requires the employees to pay a monthly salary to the employees. In addition, it also has different types of expenses. With the help of THD CBNA, you can easily deal with all the challenges related to the business domain. However, find all the necessary information possible for your credit card application beforehand.

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