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A merchant bank card is a credit card issued to corporate clients to help them fund occasional needs or day-to-day purchases. The interest rates charged on these cards can vary greatly depending on a number of factors. What is considered a fair rate and what might be considered unfair will also hinge on a few factors.
How Rates are Determined
Business credit card rates can vary greatly based on a number of different influences. The forces that can play a role in how much or how little a company is charged for accessing credit include:
It behooves a business to ensure that merchant bank card rates are as low as possible. When they are not, interest charges and fees can eat up a company's bottom line. If rates seem too high, consider shopping around for a different card. To determine if offers are set with interest rates in the right range, review the company's credit standing, payment history and income.
A merchant bank card is an important tool for business. Making sure rates are fair, however, is imperative for keeping costs as low as possible.
How Rates are Determined
Business credit card rates can vary greatly based on a number of different influences. The forces that can play a role in how much or how little a company is charged for accessing credit include:
- going interest rates
- the credit standing of the particular business
- the institution offering the card
- the track record of the business in making payments on said card
It behooves a business to ensure that merchant bank card rates are as low as possible. When they are not, interest charges and fees can eat up a company's bottom line. If rates seem too high, consider shopping around for a different card. To determine if offers are set with interest rates in the right range, review the company's credit standing, payment history and income.
A merchant bank card is an important tool for business. Making sure rates are fair, however, is imperative for keeping costs as low as possible.
