Finance

Consumers use the Federal Trade Commission as a sounding board for their complaints. A few years ago, many consumers saw an advertisement for a free credit report and then got stuck paying a monthly fee for a service, and the FTC received a high number of complaints. As a result, the Fair Credit Reporting Act was changed so that consumers can receive a free credit report from TransUnion, Experian, and Eqiufax each, the three national consumer reporting agencies, annually.

As a business owner, you already know that a business credit card is an absolute must for your business. Since not every vendor or supplier, at least not these days will open a revolving account for your company or be willing to extend a line of credit to your firm, a business credit card is an essential piece of equipment for your business. Whether for arranging for business trips (booking hotel rooms and flights, etc.) or simply ordering merchandise or supplies online, a business credit card is an absolute necessity for your company.

It’s incredible to think that in just a short time credit cards have gone from a luxury that few could acquire, a true testament to someone’s earning power and prestige, to an item that virtually everyone has, and that many in fact have multiple forms of. Have credit cards truly become a necessity that can’t be lived without, or are the credit card companies simply racking in the bucks off our greed and vanity? Regardless of your take on the subject, there’s no doubt that credit cards do provide a level of comfort and freedom that may be lacking without them. Let’s look at some of the benefits of credit cards.