A business credit card is an important tool in your arsenal. If you have a business, a business card can help you build credit in the name of your company, as well as help you keep your business and personal spending separate.
If you are looking for a business credit card, though, it’s a good idea to apply for a rewards card. Earning rewards for regular business spending is important, and can help you earn cash back or other rewards. One business rewards card to consider is the AIR MILES MasterCard for Business from BMO.
AIR MILES MasterCard for Business
The BMO AIR MILES MasterCard is a business card that allows you to earn AIR MILES rewards on all of your purchases. You can redeem your AIR MILES for a variety of rewards — not just travel. Use your card for all of your business purchases, and you can rack up the rewards even faster.
Additionally, the AIR MILES MasterCard for Business allows you to change your interest rate. The regular interest rate is 19.50%, which is fairly standard for a Canadian rewards credit card. However, this interest rate comes with a $0 annual fee. If you are willing to pay a higher annual fee, you can have an interest rate reduction. Consider your needs, and whether or not you are likely to carry a balance. If you do carry a balance, and it is probably a little high, it might be worth it to pay the annual fee and save money in interest.
The BMO AIR MILES MasterCard also provides some peace of mind by offering purchase assurance and extended warranty. And, of course, there is fraud liability protection. All this is designed to help you feel better about your card, and feel secure in your purchases.
Finally, the BMO AIR MILES MasterCard for Business also provides you with the option to get a card in US currency. For businesses that need a US dollar credit card, the AIR MILES card from BMO can be a solution. Consider how much business you do with the United States, and consider whether or not it makes sense to get a US dollar card. BMO might be able to offer an alternative.
Excellent credit isn’t required to qualify for the AIR MILES MasterCard for Business from BMO, but you do need good credit. Make sure your credit score is up to scratch, and consider your other needs before deciding if this business credit card is right for you.