Do you use a credit card to manage your mlm or network marketing business? If not, you should. And if you use a credit card now for your business, you might consider getting a new credit card.
Here are 3 reasons why you should consider a new credit card for your mlm business:
1) Save Money Paying $0 Interest for 18 Months
I did this recently myself. I found a new credit card that provided 18 months, interest free. This card allows me to pay down the credit card balance over 18 months without paying any fees. It’s basically an interest-free loan that you can use to manage your business. If you use it for a significant purchase, it can save you a ton of money.
2) Earn More Rewards, Faster
There is a lot of competition out there in the credit card world. One credit card is trying to out-do the other to get your business. Each has it own method of providing rewards so find credit card that provides rewards that are best suited to you. For example..
Barclay Mastercard is great for people that like to travel. It offers 2 miles per dollar spent on all purchases. It provides bonus miles after spending $3,000 in the first 3 months. It’s easy to earn miles by simply making your travel purchases on the card. You’ll get a 10% miles back bonus when make a travel redemption. It’s like getting 2.2 miles back on every dollar spent.
Whereas if cash back rewards is more your interest, look at BankAmericard Rewards Credit Card. Users earn 3% cach back on gas and 2% cash back at grocery stores up to $1,500 in combined gas and grocery purchases each quarter. You can earn 1% cash back on all other purchase. You even get a $100 cash rewards bonus after spending $500 in the first 90 days, plus 0% introduction APR for 12 billing cycles. This card also gives you a 10% cash back bonus when you redeem your cash back rewards.
3) Improves Your Credit Score
Getting a new credit card and using that card can help you improve your credit score. It 
helps your score because adding a credit card will add to the total amount of revolving credit you have. It also helps your credit utilization ration as well. This ratio is basically a calculation of how much credit you have compared to how much of that credit you’re using.
BONUS TIP #1: Did you know that you can usually get your credit card company to up your credit card limit or reduce your monthly fees simply by calling them and asking. Raising your limit helps your credit score. Reducing your monthly fees helps you reduce your monthly business costs.
BONUS TIP #2: The other reason we like to use credit cards for our business expenses is that it makes tracking a lot easier since the credit card company is typically providing you a detailed monthly transaction report. That report works well for how we track our monthly expenses.
BONUS TIP #3: Once you have a credit card, you have to use it every so often to maintain the credit score benefit. If you don’t use your credit card, it will begin to act against you by lowering your credit score. You don’t want that!
The thing about using credit cards for your mlm business is that they’re essentially loans. You’re using the credit card company’s money to make purchases. You’re getting some benefits for using their card like no or low interest, cash back and travel rewards. But like any other loan, eventually you have to pay it back. So be sure that you’re using credit cards for your mlm business in a fiscally responsible manner.
