Using credit cards to start a business

If you are in the process of starting a new business, you are probably most concerned with the availability of startup funds. Most individuals don’t have access to a huge bank account. If you are in this category, you must utilize other options.

One of these options is the use of credit cards. If you have a good credit history, chances are you have at least one or two of them, with sizable limits. These funds can easily be used to start a business.

This doesn’t mean you should go crazy and purchase everything under the sun. But, if you use good judgment these credit cards can make the difference in regard to whether or not you work for yourself.

( It is recommended that you choose a business that is relatively inexpensive to start, when utilizing its credit card option. You can always expand, slowly, once the original project takes off and you are starting to see a profit.)

Using credit cards also gives you extra protection against the purchase of faulty equipment. Depending on the items purchased, the warranty honored by the credit card company works out to be longer than the original one. (Think of it as an extended warranty, of sorts.)

It makes it much easier to track expenses, as well.


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