Choosing the right plastic

• 1). Take note of the annual fees on small business credit cards, which range from nothing for many to $450 for the American Express OPEN Business Platinum Card. You need to factor the cost of the annual fee in determining which card to apply for.
  
  
• 2). Examine the APR, which means the annual percentage rate. Some cards, such as American Express, charge no APR as the balance is due in full each month. Other cards charge anywhere from low teaser rates, such as zero percent for the first year, up to prime plus 14% for the Wells Fargo Business Platinum Credit Card. The APR is also an important factor in your choice of cards.
  
  
• 3). Evaluate the rewards for small business cards, which vary widely, ranging from travel points to cash back on purchases. A given reward may prove very valuable to your business.