When creating your business plan, factor in how you are going to use your corporate cards. Planning how you will use your credit cards before you apply for them will help you set parameters for their use. Pay more than the minimum every month. When paying off your credit card debt, it's important not to carry a large balance from month to month. The more debt you carry over each month, the more interest you will pay.
Cash advances come with an extremely high interest rate.
It's cheaper to charge than get a cash advance. Don't charge expensive items or services. It's easy to tie up a large portion of your monthly cash flow paying off a recurring debt on your credit card. For more information on obtaining a loan for your small business, speak to a BankOne service agent. Read the fine print.