Each wholesale club’s card excels for a different type of business. Costco’s program is best suited for companies with heavy travel and dining budgets, Sam’s Club is ideal for fuel-intensive operations, and BJ’s is the most rewarding for frequent in-store buyers with smaller-ticket purchases.
Choosing the right card isn’t just about which wholesale club is closest to your business—it’s about
Running a small business means keeping expenses in check while still stocking up on the necessary supplies to operate smoothly. For many owners, wholesale clubs like BJ’s Wholesale Club offer significant savings by allowing bulk purchases at discounted prices. To make those savings go further, BJ’s also provides its own line of business credit cards, which reward you for BJ’s
A tradeline is any credit account that appears on a credit report. In personal finance, this could be a credit card account, an auto loan, or a student loan. In the business world, business tradelines encompass vendor accounts, business credit cards, installment loans, and revolving accounts associated with your company.
So, how long does it take for tradelines to appear
Chime is a financial technology company that offers personal banking services through a user-friendly mobile platform. While it offers banking features similar to traditional banks, it is not a bank. Instead, it partners with FDIC-insured institutions: The Bancorp Bank and Stride Bank. This partnership ensures account holders receive the same level of deposit insurance as they would with a traditional
A business bank account is a financial account used to manage a company’s funds. Unlike a personal checking account, a business account separates personal and professional finances, essential for accurate recordkeeping, tax reporting, and liability protection.
ChexSystems is a consumer reporting agency governed by the Fair Credit Reporting Act. It collects data on closed bank accounts, unpaid overdraft fees,
Most small businesses require financing at some point, whether to sustain operations during a downturn or to fuel growth during a boom. It’s such a common practice that the Consumer Financial Protection Bureau (CFPB) estimates the value of the small business lending market at $1.4 trillion.
As a small business owner, you might consider loan interest rates and fees as
Small businesses often need financing help, but approval rates for a traditional small business loan have remained low since the recession of 2007/2008. Getting approved usually requires excellent credit, several years in business, and high annual revenue.
However, there are various alternative business financing options to help business owners who can’t qualify for a traditional loan. Merchant cash advances (sometimes
It’s common for business owners to need financing help at some point. But what are your options if you have bad credit or no credit?
While bad credit business loans are more available, you might be able to find business funding without a credit check. However, the few no credit check business loan options typically have higher interest rates or
A credit-builder loan could be a good option for credit-invisible individuals to establish credit. They can also help credit-challenged consumers start the process of improving their credit.
But you must have a plan, including a budget, to ensure you can afford the loan and not miss payments. Late payments, or even worse, defaulting on the loan, will severely damage your
It’s no secret that high credit card balances are bad for your finances. High balances mean more accrued interest and higher monthly payments. It also makes it more challenging to pay off your debt, increasing the chances you carry the balance over monthly.
High credit card balances also usually mean a high credit utilization ratio, which can lower your credit
