There are certain perks for being a discipline and well-organised business owner. One of the perks is on credit cards financing for business purposes.

As you might already aware, credit cards can make or break your business, as well as your personal finance.

Using your credit cards under strict management will give you the opportunity of non-interest bearing loan.

Credit card financing – free source of business funding

Credit cards ‘offer’ you a 30-day period loan – meaning, if you pay your credit card bill on time, your ‘borrowed’ money do not bear any interest. This means, you have to pay in full for your credit card bill, and avoid paying minimal payment at all cost.

What kind of credit cards offer is for you?

0 APR credit card is the common offer by credit card issuers that you should look into when applying for an account – you pay no interest, fees, and other related credit card charges for a certain period of time.

The purpose of credit card issuers offering 0 APR program, to me, is to encourage consumers to use credit card balance regularly, with the hope that consumers will keep ‘borrowing’ when the offer expires.

It is logical if you thought about signing for a credit card and close your account at the end of the 0 APR promotional period. However, sticking to your current credit card issuers has its own benefit – you can build your reputation and enhance your credit report.

I suggest you to choose reputable issuers with excellent track record.

The key: discipline

Business owners that are discipline and well-organised will benefit from the credit card funding strategy.

If you don’t have any discipline, perhaps you should consider using your credit cards to fund your business. Or, a better solution for you – hire a personal assistant to manage your credit card bills and uses.

Use credit cards smart, fund your business well.

Ivan Widjaya
Credit card financial leverage

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