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Tampa Bay played giant killer in cutting down Justin Verlander, and while the wild-card Rays face another tall task, it’s hard to bet against them.
The post Can the resourceful Rays really slay the mighty Astros? appeared first on Buy It At A Bargain – Deals And Reviews.
Just as Thor has his hammer and Captain America has his shield, every business super hero needs an ultimate tool. You cannot really call them all weapons right? I mean, a shield is not about destroying, but about protection. Everyone knows a hammer is a tool. So, in short, tools can be used as weapons, and superhero tools can serve a variety of purposes, all for the greater good. So too, can your business credit cards. Sometimes, however, it is necessary to pursue a new business credit card, also for the greater good. How do you know when that time has come? Read on and we’ll tell you.
You might not think it’s a hard decision. Most business owners fall into two camps. Either they are happy with their card and there is no need for a new one, or you just get a new card whenever you feel like it. Unbeknownst to most, there actually is a right time and a wrong time to get a new business credit card. Not only that, but there is also a right and a wrong way to handle the old one. We can help you with both.
It might be time to ditch the old business credit card and get a new one if:
Maybe you are paying a hefty annual fee, but you justify it by weighing it against the rewards and interest rate you receive with the card. It’s always wise to review that however. Next time you are about to fork over that fee, take a look at what your options are. Do you actually use the rewards offered with that credit card? Are the rewards based on fuel spending and maybe you don’t travel? Perhaps the rewards are at dining establishments you do not frequent.
Is that interest rate really the best? Maybe you had a great promotional rate when you first got the card but now it’s nothing special. Maybe the interest rate was the best available at the time but you are not so sure any more.
If either or both of these situations sound familiar, it may be time to ditch the old card and look for a new business credit card. There is no point in paying the annual fee if you are no longer reaping the benefits that made you willing to pay it in the beginning.
Have you outgrown the credit limit on your own card? Maybe you spend more now that your business has grown. It could also be that you spend on different things now. In the beginning you may have used your card mostly for business supplies and sales dinners, whereas now you may use the funds for travel expenses and inventory more often.
Things change, and those things include spending habits. The card that worked for your spending habits before may not be the best option for your current spending habits. Take a look at what you have versus what’s available in light of this, and you may see its time to ditch your old card and get a new one.
For most business owners, their first business credit card is the first one for which they qualify for approval. As your business, and your credit score, grows, you can get so much more. If it’s been awhile since you shopped around, or if you see that you are getting unsolicited offers for cards that offer better perks than your currently have, it may be time to check out what new business credit cards are out there and ditch your old one.
Hit the jackpot with our best webinar and its trustworthy list of seven vendors who can help you build business credit.
Another thing that you can get stuck with in the beginning, simply because you qualify for nothing better, is a lousy interest rate. After you spend some time managing your business, and your finances, wisely, you are likely eligible for much better.
You can start with calling your current credit card company, but if they won’t budge, it’s time to drop the old card and start looking for a new business credit card.
Aside from a lousy interest rate and non-existent or useless perks, you can get stuck with an annual fee. Sometimes the fee it worth it for the perks. However, it is important to keep watch for cards that have better perks, better rates, and no annual fee. Even if you get the same perks and the same rates, if there is no fee you are better off. If you are getting offers that do not include an annual fee, it might be time to find a new business credit card.
Sometimes it is simply a matter of dollars. If you foresee a larger purchase in the near future, you may need to start looking for a new card. For example, if you need to buy a new industrial refrigerator or oven, or both, you might not want to put that on a card you use for regular purchases. Not only can it mess with the amount of funds you have available, but often you can find great deals on interest rates from dealers that sell what you are looking to buy. It can help to save money and manage finances, by keeping larger purchases separate, if you just go ahead and open a new business credit card.
You need your business cards to be based on and reporting to your business credit. In the beginning however, most businesses do not have business credit. They can get cards based on their personal credit score, so they never even think about business credit.
When it comes to running a business however, business credit is better.
If you have great personal credit, you may think business credit is a non-issue. Regardless of what your personal credit looks like, as a business owner it is important that you begin to build business credit. Here’s why.
If you use business credit to handle business transactions, your personal finances will not be affected by those transactions. This means that if your business fails, your personal credit score will stay intact. Also, you will not be personally liable for your business debts.
In addition, paying business expenses with personal credit cards can keep balances near the credit limit. This is true even if you pay everything off each month. Business expenses are large, and personal credit cards usually have smaller limits than business credit cards.
Your debt-to-credit ratio is affected by this. That will negatively affect your personal credit score even if you make payments on time.
You know the why, now here’s the how.
It is a number for your business, kind of like your personal SSN. Apply on the IRS website. It doesn’t cost anything, and you can use it on business credit applications instead of your SSN. You may still need to provide your SSN for fraud prevention, but it will not be used to access your personal credit score.
A business must be incorporated to have business credit. The idea is that your business needs to be established as an entity separate from yourself in every way. Incorporation not only accomplishes that, but it also offers you some liability from business debts.
You need a dedicated business address and telephone number. The phone number should be toll free, and the business should be listed in the directories with its own contact information.
All businesses these days need a professional, user friendly website to be able to compete. You also need an email address that is specifically for the business. Do not use a free email service such as Gmail or Yahoo. The business email address should use the same URL as the business website.
A separate business banking account is a must. You can pay yourself from this account, but do not run personal expenses through it.
Yes, another number. This time it comes from Dun & Bradstreet. They are the largest and most commonly used business credit reporting agency, so having a credit report with them is necessary for getting business credit. The number is free on the D&B website, but they will try to sell you other services. You don’t need any of them.
Once you accomplish this, it is time to work on building your business credit score. There is a process, and you have to work your way through it patiently. It takes time, but the payoff is big.
Hit the jackpot with our best webinar and its trustworthy list of seven vendors who can help you build business credit.
This is your way in. These are vendors that will extend net 30 terms on invoices and then report your payments to the credit reporting agencies. Once they start doing that, your business credit score will be established and grow from there.
This tier includes vendors such as Quill.com, Granger, and Uline that sell items you can use in your business every day. Make a few purchases with net 30 terms, make your payments on time, and watch your business credit score explode. Find more about vendors that can help you build business credit here.
After you have 7 to 10 accounts reporting from the vendor credit tier, it should be possible to get approval in the retail credit tier. These are credit cards attached to specific stores such as Best Buy, Amazon, and Office Depot.
After you have several accounts reporting from the retail credit tier, you will qualify for cards in the fleet credit tier. These cards are issued by companies like Shell, Fuelman, and WEX to be used for fuel and vehicle repair and maintenance.
The last tier is the cash credit tier. When you have enough accounts reporting from each tier, and if you are keeping current on all your payments, your score will be strong enough to get your approval for these cards. They are general credit cards such as MasterCard and Visa that are not attached to a specific store. Typically, they have higher limits and more rewards options.
This part is easy. You want something, everything if possible, to be better than the old card. Your old tool should by default be more powerful than the old one.
Hit the jackpot with our best webinar and its trustworthy list of seven vendors who can help you build business credit.
As with all things, you can do an analysis of the cost versus the benefit. If the annual fee means you get a super low interest rate or perks that will save you several hundred dollars a year, it may be worth it. Before you make a decision, consider this in light of the reason why you are changing versus what is available to you at the moment.
This is where it can get iffy. You might think it obvious that you close the old account. That is not always the best option however. It can actually be beneficial to keep it open.
The average age of all of the accounts on your credit report affects your credit score. The older your accounts are, the better it is for your score. Opening a new account already lowers that average, so closing an older account is going to lower it even further.
If you have had the account for a while, it might be better to zero it out and keep it active. Be sure to determine what level of activity is necessary to keep the account active. If you have to make a small monthly purchase and pay it off every month or so it may be worth it to keep and older account open.
The short answer is, maybe. If your credit is at a point where you can get better rates and incentives with a lower annual fee, then it is time to get a new card. If your credit limit on your old card can’t support your current or changing spending habits, it’s time for a new card. Lastly, if your business credit cards are on your personal credit report, it’s time to build business credit and get a new business credit card.
The post Time for a Change? 6 Reasons to Swap Your Old Card for a New Business Credit Card appeared first on Credit Suite.
The post Time for a Change? 6 Reasons to Swap Your Old Card for a New Business Credit Card appeared first on Buy It At A Bargain – Deals And Reviews.
Who says you have to spend money to get more traffic?
For today’s blog post, I thought it would be fun to break down all of the free SEO tools. Sure you may know of some, like Ubersuggest, but there are many more options than just my own tool.
Now before I dive into the tools, I’ve broken them down into
the following categories:
So, are you ready to dive in? Let’s get started!
All of the tools in this category will help you find more
keywords. Many of them have different ways of coming up with keyword
suggestions, so you may want to check them all out.
Ubersuggest
has many different keyword research options. First of all, it shows you how
many searches a keyword has had over the last 12 months so you can see if there
is any seasonality.
In addition to that, it pulls keywords from a few different sources such as Google Suggest and its own database, it shows you all of the keywords your competition ranks for, and it provides keyword suggestions based on questions, comparisons, and prepositions.
My favorite feature of Ubersuggest’s keyword research capabilities is that it not only can you see how competitive a term is, but it also tells you how many links the average ranking website contains.
That way you know how many links you need to build to rank
well.
What’s also unique about Ubersuggest is that it provides
local keyword suggestions. This is great if you are trying to do local SEO.
Answer The Public
leverages Google Suggest to find all of the questions people may have related
to any industry or keyword.
Just type in a keyword and it will give you a laundry list
of questions people are searching for related to that keyword.
Similar to Ubersuggest it also shows you comparison and
preposition related keywords.
What I like about the tool is compared to any competing tool, it represents the data in nice visuals.
SEO doesn’t just exist on Google. You can also rank higher on Amazon, YouTube, Bing, and tons of other sites.
KeywordTool.io uses
the same concept of Google Suggest, but for a handful of sites like Amazon,
Play Store, and YouTube.
If you are performing SEO on sites other than Google, you
should check out KeywordTool.io.
FAQfox is a neat little tool that finds you questions people want to be answered based on any specific site you want information from.
For example, you can type in the word “cat” and quora.com as the URL and it will show you category based questions people are asking on Quora.
You can do this for Reddit or any other site you want
keyword ideas from.
Of course, the search giant, Google, has its own keyword
research tool.
Google
Keyword Planner gives you suggestions as well as CPC data and click
estimates.
You’ll also notice that a lot of other keyword tools have CPC data, but chances are they are pulling it from Google Keyword Planner.
When you are using Keyword Planner, look for terms with a high CPC as they tend to convert well when you rank for them organically.
Out of all the tools on the list, I probably use Google Trends 3 to 4 times a week. That’s
how much I love it.
What I love about Trends is that it shows you what is hot right now. In addition to that, it tells you if an industry is getting less search volume or more over time.
You can also filter your data based on a specific country or
you can look at the data from a global perspective.
Soovle takes the concept of Google Suggest (autocomplete) but for a lot of the popular sites around the web.
Soovle pulls all of the popular keywords on Google, YouTube, Amazon, Wikipedia, Bing, Yahoo, and Answers.com.
The AdWords and SEO
Permutation Generator is a super simple tool that helps you get creative
with your keyword research.
You enter in a handful of terms you want to target and it will combine them to make different variations for you.
Not all of the keywords will be popular when it comes to search volume, but it will give you a sense of how you can go after long-tail variations within your site.
Reddit has a ton of categories (subreddits) and Keyworddit helps you find all of the keywords within that subreddit.
What’s neat is it even breaks down the volume for each of
those keywords. That way you can quickly see if any are worth going after.
Generally speaking, you’ll want to use tools like this as it
will give you a new perspective on keyword research.
Pulling results from Google is something that all SEOs already do. Because of that, you need to use other sources if you want to get a leg up on your competition.
The Bulk
Keyword Generator by Higher Visibility does keyword research a bit
differently than most of the keyword tools out there.
First, you pick a business category. Then you select the type of business you have and enter in any locations you are targeting.
You’ll then be given a list of keywords that you can
potentially target.
What I like about this tool is that it makes things super
simple, especially if you are new to SEO.
WordTracker
Scout is a browser extension that gives you a list of keyword ideas from
any web page.
Just browse any site or check out your competition, click a button and boom, you are given ideas on keywords that other people are using.
It breaks the keywords down by relevance and volume.
When you are doing keyword research, how do you know a keyword is getting enough searches?
SearchVolume.io lets you bulk upload up to 800 keywords and it tells you how popular each keyword is.
The tool also works for a handful of other regions, such as Brazil, France, and Italy.
Serps has a neat tool that works well if you are doing
international SEO.
Their Google Location Changer
allows you to search Google in any country or city. Just type in a keyword and
you’ll see who ranks.
Using this tool in combination with WordTracker Scout can
give you unique keyword suggestions.
Content is the one thing we all have to create if we want more search traffic.
Here are free content marketing tools that can help you get
the most out of your search traffic.
Have you noticed that your rankings decrease over time?
It’s not just because of Google algorithm updates. In most
cases, your old content won’t perform as well because it’s old.
Animalz Revive shows you which content pieces are dying over time.
That way you know what to focus on. Just look at the ones that have declined the most and then spruce them up so you can get more rankings.
What’s cool about this tool is it will save you a lot of
time. For example, my team updates 90 pieces of content a month. The last thing
you want to do is waste a ton of time on content that never had much traffic.
Most people use Google Search Console to see which keywords are driving them traffic.
My favorite way of using Search Console is to see which one of my blog posts are getting a lot of search impressions but have less than a 4% click-through rate.
I then go in and modify each of those pages to include the right keywords in my meta tags. Then I look to see which keywords I am ranking for but not really targeting yet, and then either create new content around those terms or modify existing content to also target them.
Ubersuggest
has a feature similar to Buzzsumo but it is 100% free. It’s called Content
Ideas.
All you have to do is enter in a keyword or phrase and it
will show you all of the popular blog posts that contain that term.
The blog posts are then sorted by social shares, backlinks,
and search traffic.
This helps you create content around topics people want to
read, which means more traffic.
One of my biggest traffic gains has come from translating my
content.
A lot of people ask me if they would be penalized from duplicating
and translation their content.
The answer is no.
All you need to do is use the Hreflang
Tag Generator.
This tool creates tags for you to place in your HTML code so
Google knows you are targeting specific languages and countries with certain content
pages.
For every 10 people that see your headline, only 2 on average will continue to read your content.
In other words, content marketing is all about the headline.
If you are struggling to create headlines, check out the Portent Title Generator.
Just insert a keyword or phrase and it will generate dozens
of suggestions for you.
Not sure which words in your title should be capitalized?
This Title
Capitalization tool will take care of that for you.
It may not sound important to you, but if your titles look off, people may not click through from SERP results to read your content, which can decrease your rankings over time.
Every SEO should be using Grammarly.
Which do you think Google prefers? Ranking a blog post that reads well or one that contains a lot of spelling and grammar errors?
Grammarly helps you avoid spelling mistakes. This is really important if you want to rank on Google.
Have you noticed that some listings on Google get cut off because the title is too long?
A big misconception is Google uses character counts for meta tags. In reality, they count pixels.
Google
SERP Tool will tell you how many pixels your meta tags contain and if they
will get cut off by Google.
It also shows you a preview of what your web pages will look
like on Google.
Google Analytics is a great tool to show you your overall
traffic, but it doesn’t tell you where you rank.
If you want to track your rankings, you’ll need to use some
tools.
I know I mentioned this tool above, but Google Search Console is the most unique rank tracking tool out there.
Because this tool is from Google, they can tell you your
average ranking for any one of your pages per country.
And because the data comes from them, they average it out to give you accurate information.
You can also go back 16 months and see how your rankings
have changed over time.
Again, I know I also mentioned Ubersuggest above, but it now has a free rank tracking feature.
It provides the same features as those paid rank trackers. You can track your rankings daily for any keyword or groups of keywords for any country, city, or county.
It also saves your data for you so you can go back as far as
you want to see if your rankings have been increasing or decreasing.
If you want to track your rankings manually, you can do so with
Search Latte.
Just put in a keyword and select the language and country so you can see all of the sites that rank in the top 100.
You can then manually find your site and keep track to see
if you are improving or declining.
You may want to use Search Latte in combination with Excel as you can create a daily log of your rankings.
You used to have to pay for tools if you wanted link data,
but that’s not the case anymore. Here are the free link tools you can use.
This is probably my favorite link tool that I use.
Even though Google doesn’t use domain authority, in general, the higher the authority of a site that is linking to you, the better off you are.
MozBar
shows you the domain authority and page authority of every page on the web.
If you are going to build links, focus on the sites with the highest authority.
If you are like me, you probably love using Excel when you
are building links.
SEOgadget
for Excel makes it really easy to pull in data from Majestic and Moz.
If you haven’t tried this yet, you should consider it. It
will make it easier for you to find new insights and run your own calculations.
Backlinks is
a free tool that shows you all of your backlinks. There are no limits in row
count or anything like that… you can just see everyone who links to you.
You can see if any of your links are dofollow or nofollow as
well as the anchor text.
You can filter the results to find backlink opportunities when researching competitors and you have the option to look up link data on a domain, subdomain, or a specific URL.
It will also show when a link was first found and last
crawled and the authority of each link.
Tired of looking up the domain and page authority manually
on each of your pages or sites?
Bulk
Metrics Checker solves that for you.
Just upload a list of URLs and within seconds you’ll have a
list of your page authority per URL. You can also do the same for domains and
upload dozens of domains at once.
SEO has changed. You no longer can do just a few things and expect your site to rank well. You have to do everything if you expect to beat your competition.
And when I mean everything, that includes technical SEO.
If you haven’t already, try running your URL through my SEO Analyzer.
It will tell you what’s wrong with each of your web pages.
From duplicate meta tags and redirect errors to sitemaps and much more… it pretty much looks at every major factor when it comes to SEO.
It will even tell you your overall site speed and what you need to fix in which order to get the maximum results.
And if you register for a free account, it automatically checks for errors each week on your behalf.
When you are doing SEO, there is a good chance that your Google Analytics gets messed up by referral spam.
Google
Analytics Referrer Spam Killer solves that problem by connecting with your
Google Analytics account and blocking off the most common referral spam.
Once you connect it, you’ll find that your data is much more
accurate so you can make better SEO decisions.
Speed is everything. The faster your site loads the better
you will rank, especially when it comes to Google’s mobile index.
Pagespeed Insights
tells you what you need to fix for your site to load fast on any device.
It doesn’t matter if you are optimizing for tablet devices, desktop, or mobile… it will tell you what to fix.
Fixing your code is one thing, but you’ll also want to make
sure your site loads fast overall.
Your overall load time is affected by things like your
server and CDN.
Pingdom tells you
your actual load time.
With Pingdom, you can pick which location to test your load speed from and it tells you what code on your site is causing the biggest slowdown.
With over 3,200 algorithm updates each year to Google, how do you know if you have been affected by an update?
Is it related to a core update, your content, or link
building?
Website Penalty
Checker tells you that.
In a nice graph, it shows your traffic over time and tells you if a Google update has caused your traffic to go up or down.
A simple way to increase your search traffic is to use
schema markup.
But there is one big issue, schema markup is a bit complicated to implement. Because of that, Google created a Structured Data Markup Helper to guide you.
All you have to do is select what kind of markup you want to use, type in your URL, and go through the walkthrough wizard.
And at the end, you’ll be given code that you just paste within HTML.
Looking for a simple SEO analysis? Woorank shows you a simple report of what’s
wrong with your web page.
All you have to do is type in your domain and within a minute you’ll see a thorough report of what you need to fix.
What I love about Woorank is that it is a great tool for beginners because of their easy-to-use interface.
Just like Woorank, SEOptimer is a simple tool that gives you a technical overview of your on-page SEO as well as your content.
It breaks down things like page speed as well in addition to showing you how your website loads for both desktop and mobile devices.
You can even see social sharing data.
Varvy provides a detailed
technical checklist of all things related to your SEO.
From your Robots.txt file and your sitemap to security settings and even your links, it covers all the bases.
If you don’t have a technical background, Varvy might be a bit complex unless you take the time to read each of their articles that outline what each tip/recommendation means.
When you are doing SEO long enough, eventually you find
yourself changing your older URLs.
But if you don’t add a 301 redirect, you’ll lose your rankings.
301
Redirect Code Generator creates the code you’ll need to tell search engines
your URLs have changed.
This tool is similar to the Website Penalty Checker but it is more accurate because it connects directly with your Analytics account.
If you think you have been hit with a Google penalty, use
the Panguin Tool.
Now if you want to see if your competition has also been
hit, this tool won’t work, but the Website Penalty Checker will.
None-the-less, they are both great tools.
I have to include this tool again. Why? Because if there is something wrong with your site, such as it getting hacked, it will notify you.
It even tells you the pages that were indexed and which ones aren’t.
One thing that you have to do within your Search Console is to submit an XML sitemap.
XML Sitemaps generates a sitemap for you that you can submit to Google Search Console.
You’ll need to do this so you can get more of your content indexed.
Submitting a sitemap doesn’t guarantee that Google will index your content, but it does help… mainly for sites with low domain authority.
Tools don’t have to cost money. I got into SEO because it
was the free traffic source I could leverage to compete with the big companies.
If you want to grow your search rankings, you can leverage
one of the free SEO tools above.
Sure, there are amazing paid tools as well, but why not start with the free stuff?
What other free SEO tools do you use?
The post The Ultimate List of Free SEO Tools appeared first on Neil Patel.
BlueLabs Analytics, Inc | DevOps Engineers | Washington, DC | ONSITE | https://www.bluelabs.com/careers/
BlueLabs helps organizations personalize their engagements with individuals, optimize communications, and achieve their strategic goals through data science. Our team of more than 50 data scientists, engineers, and strategists come from diverse backgrounds but share a passion for using data to solve the world’s greatest social and analytical challenges. Our clients range from political campaigns and advocacy organizations, to government agencies, to startups and fortune 500 companies in a range of industries. Through our work, we’ve directly and measurably improved the health and financial security of millions of Americans.
BlueLabs is hiring a DevOps engineer to support our Government Analytics practice. This person will work closely with our Government Analytics practice team to develop, deploy, and support the data science platform and data pipelines that the team uses in its work improving how citizens use and learn about government services. Our team’s mandate currently includes making the Medicare and healthcare.gov digital programs more intuitive and help people access the healthcare they need.
We’re excited to work with any engineer who is curious and committed, regardless of specific experience. Our stack relies heavily on Python, Kubernetes, Airflow, Spark, React+Javascript, Terraform, and AWS, and applicants with several years experience using one or more of those in a production environment will stand out.
Apply at https://www.bluelabs.com/careers/
SEEKING WORK | Oakland, CA | Remote or on-site in SFBA
Seeking freelance/contract work related to iOS and macOS development.
Resume: https://static1.squarespace.com/static/52e0ac24e4b073428e07d…
Website: nickarner.com
GitHub: https://github.com/narner
Email: nicholasarner@gmail.com
SEEKING FREELANCER | InstaLOD | Full Stack Web Developer | Stuttgart, DE | Remote or Onsite InstaLOD is a technology company that builds software that enables enterprise and entertainment companies to create magical 3D experiences. Our award-winning tech helps 3D artists working on massive productions to focus on the creative part instead of spending most … Continue reading New comment by AbstractMichael in "Ask HN: Freelancer? Seeking Freelancer? (October 2019)"
Just as Thor has his hammer and Captain America has his shield, every business super hero needs an ultimate tool. You cannot really call them all weapons right? I mean, a shield is not about destroying, but about protection. Everyone knows a hammer is a tool. So, in short, tools can be used as weapons, and superhero tools can serve a variety of purposes, all for the greater good. So too, can your business credit cards. Sometimes, however, it is necessary to pursue a new business credit card, also for the greater good. How do you know when that time has come? Read on and we’ll tell you.
You might not think it’s a hard decision. Most business owners fall into two camps. Either they are happy with their card and there is no need for a new one, or you just get a new card whenever you feel like it. Unbeknownst to most, there actually is a right time and a wrong time to get a new business credit card. Not only that, but there is also a right and a wrong way to handle the old one. We can help you with both.
It might be time to ditch the old business credit card and get a new one if:
Maybe you are paying a hefty annual fee, but you justify it by weighing it against the rewards and interest rate you receive with the card. It’s always wise to review that however. Next time you are about to fork over that fee, take a look at what your options are. Do you actually use the rewards offered with that credit card? Are the rewards based on fuel spending and maybe you don’t travel? Perhaps the rewards are at dining establishments you do not frequent.
Is that interest rate really the best? Maybe you had a great promotional rate when you first got the card but now it’s nothing special. Maybe the interest rate was the best available at the time but you are not so sure any more.
If either or both of these situations sound familiar, it may be time to ditch the old card and look for a new business credit card. There is no point in paying the annual fee if you are no longer reaping the benefits that made you willing to pay it in the beginning.
Have you outgrown the credit limit on your own card? Maybe you spend more now that your business has grown. It could also be that you spend on different things now. In the beginning you may have used your card mostly for business supplies and sales dinners, whereas now you may use the funds for travel expenses and inventory more often.
Things change, and those things include spending habits. The card that worked for your spending habits before may not be the best option for your current spending habits. Take a look at what you have versus what’s available in light of this, and you may see its time to ditch your old card and get a new one.
For most business owners, their first business credit card is the first one for which they qualify for approval. As your business, and your credit score, grows, you can get so much more. If it’s been awhile since you shopped around, or if you see that you are getting unsolicited offers for cards that offer better perks than your currently have, it may be time to check out what new business credit cards are out there and ditch your old one.
Hit the jackpot with our best webinar and its trustworthy list of seven vendors who can help you build business credit.
Another thing that you can get stuck with in the beginning, simply because you qualify for nothing better, is a lousy interest rate. After you spend some time managing your business, and your finances, wisely, you are likely eligible for much better.
You can start with calling your current credit card company, but if they won’t budge, it’s time to drop the old card and start looking for a new business credit card.
Aside from a lousy interest rate and non-existent or useless perks, you can get stuck with an annual fee. Sometimes the fee it worth it for the perks. However, it is important to keep watch for cards that have better perks, better rates, and no annual fee. Even if you get the same perks and the same rates, if there is no fee you are better off. If you are getting offers that do not include an annual fee, it might be time to find a new business credit card.
Sometimes it is simply a matter of dollars. If you foresee a larger purchase in the near future, you may need to start looking for a new card. For example, if you need to buy a new industrial refrigerator or oven, or both, you might not want to put that on a card you use for regular purchases. Not only can it mess with the amount of funds you have available, but often you can find great deals on interest rates from dealers that sell what you are looking to buy. It can help to save money and manage finances, by keeping larger purchases separate, if you just go ahead and open a new business credit card.
You need your business cards to be based on and reporting to your business credit. In the beginning however, most businesses do not have business credit. They can get cards based on their personal credit score, so they never even think about business credit.
When it comes to running a business however, business credit is better.
If you have great personal credit, you may think business credit is a non-issue. Regardless of what your personal credit looks like, as a business owner it is important that you begin to build business credit. Here’s why.
If you use business credit to handle business transactions, your personal finances will not be affected by those transactions. This means that if your business fails, your personal credit score will stay intact. Also, you will not be personally liable for your business debts.
In addition, paying business expenses with personal credit cards can keep balances near the credit limit. This is true even if you pay everything off each month. Business expenses are large, and personal credit cards usually have smaller limits than business credit cards.
Your debt-to-credit ratio is affected by this. That will negatively affect your personal credit score even if you make payments on time.
You know the why, now here’s the how.
It is a number for your business, kind of like your personal SSN. Apply on the IRS website. It doesn’t cost anything, and you can use it on business credit applications instead of your SSN. You may still need to provide your SSN for fraud prevention, but it will not be used to access your personal credit score.
A business must be incorporated to have business credit. The idea is that your business needs to be established as an entity separate from yourself in every way. Incorporation not only accomplishes that, but it also offers you some liability from business debts.
You need a dedicated business address and telephone number. The phone number should be toll free, and the business should be listed in the directories with its own contact information.
All businesses these days need a professional, user friendly website to be able to compete. You also need an email address that is specifically for the business. Do not use a free email service such as Gmail or Yahoo. The business email address should use the same URL as the business website.
A separate business banking account is a must. You can pay yourself from this account, but do not run personal expenses through it.
Yes, another number. This time it comes from Dun & Bradstreet. They are the largest and most commonly used business credit reporting agency, so having a credit report with them is necessary for getting business credit. The number is free on the D&B website, but they will try to sell you other services. You don’t need any of them.
Once you accomplish this, it is time to work on building your business credit score. There is a process, and you have to work your way through it patiently. It takes time, but the payoff is big.
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This is your way in. These are vendors that will extend net 30 terms on invoices and then report your payments to the credit reporting agencies. Once they start doing that, your business credit score will be established and grow from there.
This tier includes vendors such as Quill.com, Granger, and Uline that sell items you can use in your business every day. Make a few purchases with net 30 terms, make your payments on time, and watch your business credit score explode. Find more about vendors that can help you build business credit here.
After you have 7 to 10 accounts reporting from the vendor credit tier, it should be possible to get approval in the retail credit tier. These are credit cards attached to specific stores such as Best Buy, Amazon, and Office Depot.
After you have several accounts reporting from the retail credit tier, you will qualify for cards in the fleet credit tier. These cards are issued by companies like Shell, Fuelman, and WEX to be used for fuel and vehicle repair and maintenance.
The last tier is the cash credit tier. When you have enough accounts reporting from each tier, and if you are keeping current on all your payments, your score will be strong enough to get your approval for these cards. They are general credit cards such as MasterCard and Visa that are not attached to a specific store. Typically, they have higher limits and more rewards options.
This part is easy. You want something, everything if possible, to be better than the old card. Your old tool should by default be more powerful than the old one.
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As with all things, you can do an analysis of the cost versus the benefit. If the annual fee means you get a super low interest rate or perks that will save you several hundred dollars a year, it may be worth it. Before you make a decision, consider this in light of the reason why you are changing versus what is available to you at the moment.
This is where it can get iffy. You might think it obvious that you close the old account. That is not always the best option however. It can actually be beneficial to keep it open.
The average age of all of the accounts on your credit report affects your credit score. The older your accounts are, the better it is for your score. Opening a new account already lowers that average, so closing an older account is going to lower it even further.
If you have had the account for a while, it might be better to zero it out and keep it active. Be sure to determine what level of activity is necessary to keep the account active. If you have to make a small monthly purchase and pay it off every month or so it may be worth it to keep and older account open.
The short answer is, maybe. If your credit is at a point where you can get better rates and incentives with a lower annual fee, then it is time to get a new card. If your credit limit on your old card can’t support your current or changing spending habits, it’s time for a new card. Lastly, if your business credit cards are on your personal credit report, it’s time to build business credit and get a new business credit card.
The post Time for a Change? 6 Reasons to Swap Your Old Card for a New Business Credit Card appeared first on Credit Suite.
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An Easy Wealth Exercise: Ten Steps To Wealth
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The post An Easy Wealth Exercise: Ten Steps To Wealth appeared first on ROI Credit Builders.
Article URL: https://jobs.lever.co/trainwithpivot/53074c96-b243-4ade-a19b-b3776439215f Comments URL: https://news.ycombinator.com/item?id=21185886 Points: 1 # Comments: 0