Author: Sara Childress

How to Get a 0 Interest Business Credit Card

You’re probably thinking there is no such thing as a 0 interest business credit card. However, that’s not exactly true. While this type of interest rate doesn’t last forever, there are a number of cards that will offer a 0% introductory rate, some of them for a year or more!  

Get a 0 Interest business Credit Card and Make it Work for You

Since a 0 interest business credit card is likely going to turn into a higher interest card after an introductory period, it’s important to know how best to use it while the 0% is available, and what to do to save interest when introductory rates disappear. 

0 Interest Business Credit Card: Top Options

 When it comes to short term funding,  0 interest business credit cards can be a life saver.  Here are some of our favorites.  

Blue Business® Plus Credit Card from American Express

The Blue Business® Plus Credit Card from American Express has no yearly fee. The 0% initial APR is for the first year. After that, the APR is a variable 13.24– 19.24%.

You can get double Membership Rewards® points on everyday business purchases like office supplies or client meals for the first $50,000 spent annually. Get 1 point per dollar thereafter.

You will need great credit to qualify.

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

American Express ® Blue Business Cash Card

The American Express ® Blue Business Cash Card is also an option. Note: the American Express ® Blue Business Cash Card is identical to the Blue Business® Plus Credit Card from American Express. It’s rewards are just in cash instead of points.

Get 2% cash back on all qualified purchases up to $50,000 per calendar year. Afterwards get 1%.

There is no annual fee, and there is a 0% introductory APR for the first year. Afterwards, the APR is a variable 13.24– 19.24%.

You will need great credit to qualify.

Discover it ® Business Card

Lastly, check out the Discover it ® Business Card. It has no yearly charge either, and it also has an introductory APR of 0% on purchases for one year. After that the regular APR is a variable 14.49– 22.49%.

Get unlimited 1.5% cash back on all purchases, without category limitations or bonuses. They double the 1.5% Cashback Match ™ at the end of the initial year. There is no spending requirement.

You can download transactions quickly to Quicken, QuickBooks, and Excel. You will need great credit to qualify for this card as well.

Use Your 0 Interest Business Credit Card to Your Advantage

Since the 0% interest doesn’t last forever, you need to make the most of it while it’s available. If you don’t need all of the funds on every 0 interest business credit card available right now, consider only applying for one at the time. 

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

By doing this, you can take advantage of the 0% interest longer. For example, get one card, and use it for whatever you need for the time you have the 0 interest.  Pay it off before the introductory rate ends if you can, then stop using it. Apply for the next 0 interest card when the previous introductory rate ends, then repeat the process.  By doing this, you extend your 0% interest period. 

Another possibility is that you may create competition between the cards and be able to negotiate longer 0% interest periods, or at least lower interest rates than would otherwise be offered.

Know Your Other Options

Of course when it comes to funding a business, there are the obvious options. Business loans, business lines of credit, and business credit cards all have their place. But, there are other options that may sometimes work better. You may be able to get better terms or rates, or get your money faster, with one of these possibilities. 

Equipment Financing

If you need equipment, it might be better to consider equipment financing.  You will put up your existing equipment or the new equipment you want to purchase as collateral.  Amounts are available up to $10 million with terms ranging up to 60 months. You will  need a credit score of at least 550. 

Why would you choose this over a 0 interest business credit card if you could pay it off during the 0 interest period?  Well, the short answer is, you wouldn’t.  That is, unless you cannot get a high enough credit limit to cover the cost of the equipment. However, if you need longer than a year to pay it out, you may very well end up with a better rate going this route. 

It’s a complicated risk vs. benefit calculation that must be carefully considered. 

Real Estate Financing

Likewise, you probably will not be financing real estate with business credit cards, even if it is 0 interest. You can get real estate financing in amounts up to $10 million with terms from 6 to 60 months and interest rates as low as 6%.  You will need a 500 minimum credit score, and there are a few other requirements. 

Credit Line Hybrid

What if you could get the same super low or even 0% interest rates you can get in the early days of a business credit card, along with the same rotating credit, but with no documents required and no security necessary? That is exactly what you get with the credit line hybrid, and you can use the funds for anything. 

Not only that, but you can potentially get up to $150,000, and build business credit at the same time! That’s because this type of financing reports to the business credit bureaus, so your consistent, on-time payments help your business credit score grow. 

A credit line hybrid is not hard to qualify for.  Your credit score should be at least 680, and you can’t have any liens, judgments, bankruptcies or late payments.  Furthermore, in the past 6 months you should have less than 4 credit inquiries, and you should have less than a 45% balance on all business and personal credit cards.  It’s also preferred that you have established business credit as well as personal credit. 

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

More About the Credit Line Hybrid

Of course, you’re thinking “that sounds pretty hard to get.” However, if you do not meet all of the requirements, you can take on a credit partner that does mee them.  Many business owners work with a friend or relative to fund their business.  If a relative or a friend meets all of these requirements, they can partner with you to allow you to tap into their credit to access funding. 

Remember, it is your business credit that the payments are reported to.  Regardless of whether you qualify yourself or use a business partner, your business credit will still grow, and you can use this type of funding to finance any type of business need you have. 

Here is another bonus. This is a credit card stacking program, meaning that you are using multiple credit cards at once to create the credit line.  You really can’t do it yourself. You’ll need to work with a business credit expert. However, there is a natural competition created between the cards that increases the chances of extending low interest rates past the introductory period. 

A 0 Interest Credit Card Can Be a Great Tool If You Use it Right

A credit card with a 0% interest rate, even for a short time, can be a great tool to grow your business.  Use it to purchase discounted inventory or supplies in bulk, cover short-term expenses, or to pay off higher interest rate debt.  

However, you have to keep in mind that the best rates won’t last forever.  Use it while you can, but have a backup plan.  Also, be certain you use it for the right purposes.  If you want to buy a large piece of equipment or real estate, something that will take longer than a year to pay, you may want to consider a different type of financing. 

The post How to Get a 0 Interest Business Credit Card appeared first on Credit Suite.

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LifePoints Review – Is LifePoints Panel Legit or a Scam?

Are you always on the lookout for legit side gigs? If you answered yes, then you should consider taking surveys. 

Surveys are a great way to make extra cash, and they are fun to do. You can choose to do many tasks other than surveys, and some survey sites even pay a generous sign-up bonus.

In this LifePoints review you will find out all about this survey panel and if it’s worth signing up. 

 

LifePoints Review 2020

What is LifePoints?

LifePoints is a survey panel developed by Lightspeed, a global market research company. With over five million members, LifePoints gives its users a chance to earn money while influencing the future decisions made by the big brands.

How does LifePoints work?

If you are interested in joining this survey panel, just sign up with your details and verify your membership via email. Once you are done, you can start taking surveys.

lifepoints registration

Survey invitations are sent through email, or you can check for available surveys on the website. On average, it takes about 10–20 minutes to complete a survey.

You can join LifePoints if you are over 14 years of age, and it’s available in over 40 countries, including the US, the UK, Australia, India, Germany, France, and New Zealand.

 

Related:

User Interviews Review – Earn up to $150 for Your Opinion
Fetch Rewards Review 2020 – Earn Money Scanning Grocery Receipts

 

How do you make money with LifePoints?

LifePoints offers three ways to earn money.

Surveys

Taking surveys is the easiest way to earn points with this survey panel. Once you join and confirm your email, you can check for any suitable surveys in the dashboard or wait for email invites. The number of points you earn for a survey depends on the length of the survey.

You earn 10 bonus points just for signing up and 10 points when you complete your profile.

Product testing

Though product testing opportunities are fewer, you can get a chance to review new products for free.

Behavior tracking

From time to time, LifePoints offers behavior tracking through diary entries. You will be asked to share your daily experiences about a product or service in a journal format. This is another way to earn more points.

 

How do you get paid?

Whenever you take surveys with this survey panel, you are rewarded in points. You can get up to 100 points per survey, depending on the length of the survey. 

You can redeem your LifePoints for cash or gift cards.

 

LifePoints pros and cons

To sum up this LifePoints review, here are some upsides and downsides of using this survey panel, 

Pros

  • It’s easy to sign up, and the number of survey invites is good.
  • It offers other ways to earn money like product testing and behavior tracking, which is always good because you don’t want to go with surveys alone.
  • The best thing about LifePoints is it’s available in many countries, making it easier for global users to make extra money.
  • You also pocket 10 bonus LifePoints for signing up.

Cons

  • Many of the negative reviews about LifePoints are about the slow payment and longer surveys.
  • Another downside about this survey panel is your points do expire after three years.

 

Final thoughts in this LifePoints review

Is Lifepoints legit?

Yes, it is a legit survey panel that rewards its users for sharing their views about products and services. It has a Trustpilot rating of 4.6 with over 12,000 reviews.

 

Is LifePoints worth your time?

It depends on what your extra income goals are. If you want to earn good side income, you need to sign up for more survey panels in addition to LifePoints. Doing LifePoints alone will not help you reach your extra income goals.

Some of the highly recommended survey panels are Swagbucks, Survey Junkie, and MyPoints.

 

There are many ways to make extra money, and surveys are just one of them. Before you go down the rabbit hole of choosing the wrong survey panel and getting disappointed, learn more about LifePoints in this review and see if it’s something you want to sign up for.

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The Perfect Wealth Formula

The Perfect Wealth Formula

The ideal riches formula is a recommendation based company version, it enables individuals the possibility to harness the power of the web. Perfect riches formula is an attempted and also evaluated advertising approach that gives a distinct organisation chance to individuals that are either currently making use of the net as a way to make there income or are total beginners to the globe of ecommerce.

Perfect riches formula supplies individuals a chance to produce a network of like minded people, that can after that make use of the best wide range formula of advertising and marketing to boost there gaining prospective online. Contrasted to various other comparable advertising solutions, the best wide range formula permits participants to maintain 100% of there sales as well as guarantees that no person needs to skip on the first sales as various other programs, on top of that once the network of affiliates is developed the excellent wide range formula permits leading degree links to make a particular quantity from every brand-new reference.

Comparable company possibilities all over the world in fact cover the making capacity once a specific degree is gotten to, this is nevertheless not the instance with the ideal riches formula the much more references you obtain the higher the revenues. The innovative advertising strategy enables an unequaled service possibility. Lately an increasing number of business have actually thought of systems that externally resemble the ideal wide range formula, nevertheless such systems have actually been either outright fraudulences or pyramidal settlement systems

Inputs from individuals all over the world are readily available on various excellent riches formula websites, as well as current research studies have actually recommended that advertising and marketing strategies used by participants are without a doubt as declared and also have actually assisted individuals all over the world, to maximize business possibilities provided to them online. With the advantages of both the recommendation version as well as the advertising and marketing version imbued right into the excellent riches formula, individuals remain in a great deal.

Contrast with various other advertising and marketing systems.

The ideal riches formula might not be the initial web based advertising website, yet what has actually divided it from various other comparable websites is that it is not simply a web link structure workout that at some point has absolutely nothing even more to supply, along with the normal it in fact supplies individuals a service possibility that has thus far not been readily available on any kind of website. When done individuals can get accessibility to the advertising methods and also use the making possibility of the net, the website needs an ahead of time settlement for enrollment and also.

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Top 2 Eldersburg News Websites To Follow in 2020 (City in Maryland)

Top 2 Eldersburg News Websites
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1. Patch » Eldersburg

Eldersburg, Maryland, United States About Website The best breaking news, stories, and events from the Patch network of local news sites. Local news and events from Eldersburg, MD brought to you by Patch. Frequency 4 posts / day Website patch.com/maryland/eldersburg
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