Credit card services for small businesses have gained much importance today because of a sudden increase in the number of people operating small businesses from their homes. According to a recent study, there are about forty one million such businesses are in operation and two new businesses are starting every minute. Credit card service providers are trying to cash on this opportunity. They know that biggest problem the new small businesses are facing is of access to the capital. Credit card services for small businesses are very useful tool to solve this problem of cash crunch.

The two main brands that are providing credit card services for small businesses are MasterCard and Visa Business Card. Visa Business Card provides the credit lines up to fifty thousand dollars while the limit for MasterCard is one hundred thousand dollars. For expense monitoring and tax deduction identification, both companies provide quarterly or annual report of expenses without any charge. Visa card allows you to rack up the points, just like frequent flier miles in aviation industry, and get the discounts at several retail stores.

Eligibility Criteria;
If the number of employees is less than hundred or the revenues are not more than $10,000,000, you are eligible for getting these credit cards. As individual banks also provide these cards, it will be useful to do some research and get the best possible deal with minimum interest rates and no annual fee at all.

How to Choose?
It is true that you have just started your business and you are running a small business. However, you should a credit card service for small businesses that keeps the pace with you when you start growing. So, before you choose a credit card service, you should look for following points -

1. What are the regular rates of interest after introductory APR offer?

2. What is annual charge?

3. How much is the line of credit in the beginning and is it possible to increase later?

4. Maximum number of credit cards that an account can have.

5. Is something like airline mile point exists there?

6. What about cash rebate program?

7. Is there any kind of understanding with the leading retailers so that you can get discount on the purchases of office equipments using business cards?

8. Is online facility available?

9. Is it possible to delay the payment for purchases of big amount?

10. Will you get quarterly and yearly reports?

11. Is this information transferable to the existing accounting software of company?

12. Is it possible to have summary in the format of my liking?

There are professional help available online to help you with getting business credit cards for your small business.