Small Business Survival Kit

Survival Kit CREDIT CARDS AND YOUR SMALL BUSINESS According to the United States' Small Business Administration's Office of Advocacy, "Small businesses make up a whopping 99.7 percent of U.S. employer firms, and have accounted for 63 percent of net new jobs created between SURVIVAL CHECKLIST 1993 and mid-2013." Starting a smalIl business is exciting - and CARRYING COSTS: Know what the annual overwhelming! Business credit cards can be an fees and interest rates will be. important tool for a successful small business. Our survival kit will help small business owners choose REWARDS: Choose cards with rewards that match your business purchasing needs. a credit card that's best for their business. NUMBER OF CARDS: Know how many cards you need for your employees. SPENDING LIMITS: Choose a card BUSINESS CREDIT CARDS with spending limitations that won't restrict business spending. FOR SMALL BUSINESS OWNERS TOOLS AND FEATURES: Look for cards that offer tools to help you run your business such as customized reporting, expense tracking, and account alerts. Most credit card companies offer business credit cards. We've evaluated the business card programs from Capital One, Chase, American PROTECT YOURSELF. Business credit cards aren't protected by the same regulations as personal credit cards, so know your rights. Express, Citi, Bank of America, Barclay, and US Bank, and provided a rundown of each program's features so you can choose the best card for you! CAPITAL ONE SPARK BUSINESS CARD BENEFITS • Employee cards at no extra charge • No foreign transaction fees • Fraud alerts • Download purchase records • Year-end summaries • Online account services • șo fraud liability • 90-day purchase protection • Auto rental collision damage waiver • Extended Warranty Protection • Travel and emergency assistance • Rewards program CHASE INK BUSINESS CARD PROGRAM • Free employee business cards • Free mobile app, Jot, for expense management • Chase Checkout lets you accept payments anywhere you go • Purchase protection • EMV equipped • Rewards program • Auto rental collision damage waiver • Lost luggage reimbursement • Roadside dispatch • Travel accident insurance • Year-end summary statements • Zero liability for unauthorized card access AMERICAN EXPRESS CORPORATE CARDS • Standard expense reporting American Express @ Work® Reporting management tools Easy account management • Discounts and rebates for various BANK OF AMERICA WORLDPOINTS® TRAVEL REWARDS FOR BUSINESS VISA® CARD U.S. BANK FLEXPERKS® CORPORATE REWARDS PROGRAM • Earn 1.5 points for every $1 on all purchases • No foreign transaction fees No annual fee • Earn 5,000 bonus points after first qualifying purchase • Account monitoring and tracking • Liability protection • Travel protection • Security and purchase • Identity theft and fraud services and purchases (car rentals, office supplies, etc.) • Travel and emergency support & assistance • Simplified expense reporting • Membership Rewards® program protection • Employee credit cards • Extended purchase security • Travel and emergency assistance services • Free online account access and statements Rebates on American Airlines purchases OPEN Savings® benefits • Extended warranty • Purchase protections • Expense management reporting • Option to add FlexPerks® Corporate Rewards program to any business card protection • 24/7 assistance KEEP BUSINESS AND PERSONAL FINANCES SEPARATE MAINTAIN SEPARATE CHECKING ACCOUNTS It's important to make sure that your personal finances and business expenses remain separate. You can manage these Business and personal finances should finances effectively by arming yourself with information. always be kept separate. Use money management software such as Quickbooks to help. TRACK YOUR CREDIT FILE HAVE A TEAM OF EXPERTS MAINTAIN ALL RECORDS Before starting your business, be sure to consult with an accountant and Frequently check and monitor your PAYDEX business credit score to stay informed of changes. Keep a record of all income and expenses to make tax time attorney for advice on how to best manage easer and stick to finances and set up your a budget. SMALL BUSINESS FINANCE business. CompareCards.com Compare. Pick, Save.