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Retail Store Business Credit Cards

Posted by businessfinancing on June 23, 2008

Retail Store Business Credit Card

As a small business owner starting out, you may not be aware that getting a business credit card through a retail store where you shop for supplies you need to run your business can help you build your Paydex score.  But here’s the catch – you need to set it up under your business name with total separation from your personal name. You also need to be registered with Dun & Bradstreet and have a DUNS number. If you don’t know how to do this, get some professional advice, because you will drastically interfere with building your business credit if you make even a single mistake.

A professional business credit mentor will also be able to furnish you with a list of stores where you can obtain a total of several thousand dollars in credit that you need to start or expand your business.

There are other advantages offered by a retail store for business credit card holders. Some examples are:

  • You will earn a 5% rebate on in-store net purchases and a 1% rebate on all other net purchases.
  • There is no maximum number of rebates that you can accumulate in the program.
  • All rebates will be summarized on your monthly billing statement.
  • The rebate total from the previous month will automatically be applied as a statement credit in the next billing statement containing the in-store purchase.
  • A 0% fixed APR for the first 6 billing cycles following the opening of your account.
    Balance Transfer APR: A 0% fixed APR for the first 6 billing cycles following the opening of your account.
  • Cash Advance APR: 20.99% variable.
  • Grace period for repayment of purchase balances – at least 20 days.
  • Annual fee – none


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