Shopping for a business credit card does not have to be tricky. That’s why we’ve created this simple list of 9 things to consider when looking for the right financing solution. Once you’ve considered each item, you’ll be on your way to finding the right credit card for your business.

1. Fine Print

Once a credit card has piqued your interest, the first thing to look at is the fine print. Check out the terms and conditions to make sure the benefits are as good as they sound—and that you won’t run into any surprises.

2. Amount of Credit You Need

Don’t just think about how much credit you need right now. Think about the next five years as your business expands. Once you have those numbers in mind, talk to the issuer to see what credit card solutions can set you up for current and future success.

Our team at BHG Money prides itself on being able to pair our customers with the right financial solution to fit their needs.

3. Introductory Offers

Introductory offers can be a deciding factor in which card you choose. Check out what each issuer has to offer as an immediate perk for you as a new cardholder.

4. Annual Percentage Rate (APR)

If you’re a startup or in the process of expanding your company, a 0% APR for an extended period can be a great help. This will allow you to make payments that will be applied directly to the principal amount, avoiding unnecessary interest cost.

5. Annual Fees

Some business credit cards have annual fees. The cards with multiple or more significant perks may have more expensive annual fees. Depending on how helpful the cards can be for your business, an annual fee may not be something that deters you from the credit card. Consider your options, the fees, and the benefits during your decision.

6. Cash Back Rewards

By finding a card with cash back rewards, you’re rewarded for each dollar you spend and/or with select retailers. Suppose you need to regularly stock your office with supplies, for example, and you find a credit card with cash back rewards dedicated to this category. In that case, you can earn significant money back for your business.

At BHG Money, our business credit cards feature premium benefits, including multiple cash back rewards options that go as high as 3% cash back for certain categories.1

7. Travel Rewards

Likewise, if your business requires a lot of travel, travel rewards could be something to look into when searching for a credit card. Travel perks aren’t only limited to airfare. Many business credit cards offer higher cash back rewards or points for money spent on hotels, trains, car rentals, ridesharing, and more.

For example, the BHG WORLD ELITE Mastercard® offers 2% on travel, including airlines, hotels, Uber, and Lyft.1

8. Insurance On Purchases

Many business credit cards offer insurance for money spent on rental cars and long-distance travel. For large businesses whose employees routinely engage in these transactions for work, insurance perks can be a good way to secure these purchases.

9. Late Payment Penalties

One more thing to consider when looking for a business credit card is the penalty fee charged if you miss a payment or make a late payment. This is a common fee that’s good to keep in mind before you apply.

By looking at what you need now and what you may need in the future, it can be easier to narrow down your list of potential business credit cards. Want to learn more about our financial solutions? Contact our team at 855.961.5350 today to see what our credit cards could do for your business.

1We group similar merchant category codes into Purchase Categories that are used to calculate the stated rewards. We make every effort to include all relevant merchant category codes in the listed Purchase Categories. However, even though a merchant or the items that it sells may appear to fit within a Purchase Category, the merchant may not provide us with the merchant code that will fall within that Purchase Category. Because of this, we cannot guarantee that a purchase will qualify for more than the standard 1% (one percent) cash back as any purchase where a merchant uses a category code outside of the eligible Purchase Category does not qualify for additional cash back rewards.