A Business Credit CardEvery major credit card company provides business credit cards. Amex, Visa, Advanta, MasterCard, Chase Manhattan Bank, Citibank, HSBC Bank, Discover, etc are some of the companies that provide business credit card products.Business credit cards are primarily used to separate business and personal expenses. Business cards also help organizations cap employee spending unto pre-specified limits. They also help organizations optimize benefits for employees. For example, if a large number of employees shop at a particular retail store, the organization can negotiate a group rate discount on purchases made by their employees, and the benefits can be passed on to all the stakeholders, via credit cards. The credit card company can also generate itemized records of spending by all the employees, which can ease the tracking of employee spending.Business credit cards also help extend the cash flow of small businesses that have fixed billing cycles and payout timelines. You can pay out cash to suppliers, business associates, vendors etc via credit card instead of using you cash account, and use the credit card billing cycle to pay the money back, after you have been repaid.Flexible credit limits offered by business credit cards help small businesses ward off significant spikes due to increase in input costs, expenses towards unseen events, etc.Business credit cards have two types of credit limits:Preset by the credit card company, which carry with no annual feesNo-preset credit limit, which carry a small annual feesWith most business card products, you can avail of important benefits like:Points earned on money spent, which you can redeem for other services like airfare, hotel expenses, restaurants, etcNo annual feeNo intro APR for an initial pre-specified periodLower APR rates, than usual, after the intro APR period expiresBalance transfer facilityDiscounts on other facilities offered, when the business card is co-branded with another service like a phone service provider, airline, retail store, etc Quarterly and annual account summariesLost/Stolen Card Reporting Business card products also provide you with auxiliary benefits like:A percentage of your business spending given back to you as cash back, gift certificates, and travel rewardsEmergency cash disbursement %26#38; card replacement Hassle free business travel and entertaining for businesses that require extensive client interactionCheck out Business Credit Cards... Click Here!!!
What is a hsbc select credit?
I have an hsbc debit card, and i can view my statement online. on the online statement i see 3 accounts, a saving, a checking and a select credit. I do not know what this select credit account is for. I do not have a credit card linked to that account, and I am just wondering if I should have a card for it, if not what is this account doing there.
Answer
Take a closer look at the "select credit" account.... does it have an "available limit" amount?
If yes, then you have a credit card account.
Call up the bank tomorrow and ask them where your credit card is.... because you have a credit card account and it has a limit... or else tell them to cancel it immediately, if you don't want one.
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