How to Get Low Interest Business Credit Card

May 2, 2011 - PRLog -- Business credit cards are suitable for business owners who start a new business or run a successful company. The loan can be offered with a rewards program, frequent flyer program, insurance packages, cashback incentives, and other features. Some credit cards come with zero introductory interest rates on balance transfers and qualifying purchases.

To be approved for a low interest business credit card (http://www.creditcardreview.ca/creditcard-2-2-2-2-2-2-2-1/), it is best to pay all debts on time. This is a good way to prove creditors that you are a trustworthy client. The longer you pay your obligations in a timely manner, the more favorable the creditors will be. As an alternative, you can save some money and apply for a high interest credit card. Being a timely payer, you will have good chances to qualify for a low interest business credit card. Paying the balance in full and reducing the balances on other credit cards will help as well.

Most banks and other financial institutions in Canada offer business cards, but the interest rates vary substantially. The CIBC Aerogold Visa Card for Business is a low interest credit card offered by CIBC. A low interest rate of 10.2 percent is offered to favored customers. The interest rate may be 16.9 or 13.9 percent based on the borrower's credit score. Cardholders can request additional cards for a fee of $50 a year, while the annual fee for the primary card is $180. The minimum credit limit is set at $5,000 and the card is featured with a rewards program. Cardholders enjoy a welcome bonus of 15,000 rewards points, earning 1 rewards point for every dollar in purchases.

BMO has several business credit cards suitable for small businesses. The BMO Gold AIR MILES MasterCard for Business is featured with a low interest rate of 12.9 percent for an annual fee of $50, added to the regular fee of $119. The clients of BMO can opt for an interest rate of 19.5 percent and annual fee of $119. Cardholders enjoy a welcome bonus of 150 bonus miles and earn 1 mile for every $15 dollars charged to the credit card. The card is featured with car rental collision damage waiver, unexpected return home and trip assistance, and other beneficial features. Extended warranty and zero dollar liability are also available. Additional cards are offered for $15 a year per employee, and the card goes with 21 interest-free days.

Credit cards for small businesses are offered by TD Canada Trust as well. The TD Venture Line of Credit Visa Card goes with a low interest rate, which is the TD Prime rate of 3 percent plus 2 percent. Up to three additional cards can be requested, and there is no annual fee.

Want to know more about credit cards, go to credit cards for business - http://www.creditcardscanada.net

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Canadian credit card directory is listing credit cards offered by major Canadian banks and financial institutions, as well as credit cards offered by Canadian stores.
http://www.creditcardreview.ca/