Review and Compare Business Credit Card Offers.
Every Company Needs a Business Credit Card! More Articles
for the Credit Card of Your Choice by Filling Out an Online
Application! See FAQ for Applying
Applying for a Credit Card Online
Q. How do I apply for a business credit card?
A. Compare and review the credit card offers at GetabizCreditCard.com.
When you find a card you wish to apply for, click the "Apply Here" button
under the card and fill out the secure SSL application.
Q: What information will I need to provide?
A: You will need to provide basic information such as your date of birth,
social security number, driver’s license number, and address.
Q: How long will it take to fill-out the application
and get a decision?
A: Nowadays, online application forms for credit cards can be completed
very efficiently. Many of the credit card issuers can also provide you
with an instant decision, however for some cards, approval may require
several weeks. Generally speaking, the better your credit rating, the
faster the response. Once a decision is made you will be notified by email
Q: How do I know if my application will be accepted
A: General speaking, applicants with good and excellent credit ratings
will have a much easier time getting a business credit card. If you need
to know your current credit rating before you apply, many online reporting
agencies can provide you with your credit report. FreeCreditProfile.com
offers a free service, which includes a debt analysis if needed and potential
solutions to help you improve your score before applying.
Q: Are online credit card applications secure?
A: All credit card applications linked to GetabizCreditCard.com use Secure
SSL Technology to offer the highest level of data encryption and internet
Q: How many credit cards can I apply for?
A: You can apply for more than one credit card if you wish, as many business
owners may use different cards for different kinds of expenses, e.g.,
an airline rewards card for travel expenses and a cash back card for office
equipment and supplies. Ultimately, it is up to the credit card issuer
to decide if they want to approve your application or not. At some point
however, issuers may decide that your total available credit is too high
relative to your business income, and may decide not to issue you any
more credit cards.
Questions About Business Credit Cards
Q. What is the average credit limit on a business
The average maximum credit limit for business credit cards is $50,000.
The actual limit offered by the issuer will vary from company to company
and applicant to applicant depending on credit history and any other related
Q. What is the difference between a business
credit card and a charge card?
A credit card gives you more flexibility than a charge card, allowing
you to borrow funds if needed up to your maximum credit limit and stretch
those payments out over a longer period of time. However, debt expenses
can quickly add up and eat into your profits. Charge cards typically require
a sizeable flat annual fee and make you pay back your balance at the end
of every month.
Q. Will I be able to access my credit card account
over the internet?
All the business credit cards offered at GetabizCreditCard.com offer online
access to your account.
Business Credit Card Terminology
Cardholder - Often, it is possible to add an additional card
to your business account for use by an employee. The main cardholder is
responsible for ensuring payments on the additional card(s).
Express Credit Card - Also known as AMEX, this company is one
of the main international credit card issuers. It issues its own credit
cards—unlike Visa and MasterCard.
- Some card issuers will charge an annual (yearly) fee for
use of their card, separate from interest rates on purchases. This is
more typical of charge cards or credit cards with low APRs.
Rate (APR) - The yearly percentage rate charged for carrying
your balance past the grace period. This rate is applied each month when
an outstanding balance is present. There are usually separate, higher
rates for balance transfers and cash advances than standard purchases.
- An APR that does not change throughout the year.
Rate (or Intro APR) - A temporary, lower percentage rate that
is usually raised to the regular APR after 6 to 12 months.
- Also known as a floating rate, a variable APR changes over
the time with economic indicators, such as the Prime Rate (which can fluctuate
daily). Most Business Credit Cards use a variable APR, consisting of the
Prime Rate plus a standard interest rate.
- A term used to describe a poor credit rating that is typically gained
by making late payments, skipping payments, exceeding card limits, or
declaring bankruptcy. Entrepreneur's with "Bad Credit" are likely
to be rejected in their online applications. They should first seek ways
to improve their credit, before applying for a business credit card. Entrepreneur's
with a poor credit rating may also be able to get a "secured credit
- A balance transfer allows you to move an existing balance
from one credit card over to a new credit card. Fees and APRs on balance
transfers will vary from issuer to issuer. Balance transfer credit card
offers are designed to help entrepreneurs consolidate their credit card
debt onto one card, thus saving money on interest charges. Some credit
card offers feature a low introductory 0% APR interest rate on balance
Fee - A fee charged by a credit card company to transfer a
balance from one card to another. This fee can be anywhere from 1%-5%
of the balance. Many credit card companies do not charge this fee.
Number (BIN) - The first six digits of a Visa or MasterCard
credit card account number used to identify the card-issuing institution.
- The time between billing statements, usually 28-31 days.
Rewards Credit Cards - In a reward card, the more you use it,
the more your rewards build up. Rewards credit cards allow you to earn
airline miles or points towards dinners, hotels, etc.
Card - Similar to a credit card except that the balance must
be paid in full when the statement is received, usually at the end of
the month. Charge cards do not allow carrying a balance, thus no APR is
charged. These cards usually have an annual fee. American Express offers
- A financial institution, bank, credit union, or company that issues
plastic cards to cardholders.
- An individual to whom a card is issued, or who is authorized to use
an issued card.
- A cash loan from a credit card using an ATM or bank withdrawal.
- Cash Back Business Cards allow you to get a small percentage of the
money you spend back, usually monthly or quarterly. Although the amount
is mall, if your business makes a lot of expensive purchases, the savings
can really add up. This feature is particularly useful if you regularly
pay your credit card bills on time. Most issuers also have a “network”
of select companies from which you can get even larger cash back amounts.
- A transaction returned by an issuer to an acquirer, because
it was non-compliant with the association rules and regulations or because
it was disputed by a cardholder.
Period - The number of days from the transaction processing
date, during which the issuer may initiate a chargeback.
- A profile of your financial history within a particular timeframe (usually
years). It shows the extent to which you pay your bills on time and how
much you may owe and to whom. Credit card issuers use this information
as an important factor in either accepting or rejecting your application.
- The maximum amount of money can be charged to a credit card account
during the month.
APR - A default APR can be applied in certain cases. Such cases
might include failing to make payment so that it is received by the due
date, paying less than the total amount due, or if you are in default
already on another account. To be sure of what constitutes a default APR
you should contact the card company themselves.
- Fees and other costs billed to you on your statement for using your
credit card (e.g., cash advance fees, balance transfer fees, late fees,
- An amount that MasterCard and Visa have established for single transactions
at specific types of merchant outlets, above which authorization is required.
Period (Free Period) - A period of time during which you are
allowed to pay your credit card bill without being charged your APR against
your balance and/or a late fee. This period is usually 10-28 days.
Card - A card that bears the MasterCard symbol, issued by MasterCard
International Inc. allowing the purchase of goods, services, or cash from
a MasterCard merchant or acquirer.
Agreement - A written agreement between a merchant and a bank
that contains rights, duties and warranties, with respect to acceptance
of the bankcard and matters related to bankcard activity.
Bank - A bank that has a merchant agreement with a merchant
to accept credit card transactions.
- The lowest amount of money you are required to pay on your credit card
statement each month.
- A cardholder's account that has surpassed its credit limit with a transaction.
Fee - A fee charged when your balance goes over your credit
Fees - Fees paid by the merchant to the merchant bank or other
contracted party on a per-transaction basis (usually 2% to 5% depending
on the type of business).
Debit Cards - A reloadable prepaid debit card allows you to
only spend up to the amount you have pre-deposited into the account. This
card is good for people with a bad credit rating or if you tend to overspend
and would like to control your spending.
Number (PAN) - The number embossed and/or encoded on the credit
card that identifies the issuer and the cardholder account.
(or Prime Interest Rate) - The interest rate at which banks
lend to their most creditworthy customers.
Date - The date on which the transaction is processed by the
Credit Cards - A credit card that requires collateral property,
such as a house, car, or deposit of money before approval. Secured credit
cards are for people with no credit or poor credit and who are trying
to build or rebuild their credit history.
- A component of some finance charges, such as the fee for triggering
an overdraft checking account into use.
- A plastic card containing a computer chip with memory and CPU capabilities.
Such a card may be used for identification or to store information, financial
amounts or other forms of data. Also called an integrated circuit card
or a chip card.
Credit Card - An action between a cardholder and a merchant
that results in activity on the cardholder's account.
Identifier - A unique 15-character value that VISA assigns
to each transaction and returns to the acquirer in the authorization response.
This value is used to maintain an audit trail throughout the lifecycle
of the transaction and related transactions, such as reversals, adjustments,
confirmations, and chargebacks.
Credit Cards - Credit cards that are not secured by collateral,
in which businesses qualify for such cards based on their credit history,
financial strength, and earnings potential.
- A card that bears the Visa symbol, from the Visa International
Service Association and all of its subsidiaries and affiliates, and which
enables the cardholder to obtain goods, services or cash from a Visa merchant