Here is one great use. Say you have a Staples account. Now you might be approved for the standard $2000.00 business credit but you can only purchase from a Staples store.

What you can do is  buy one or many of their gift cash cards – with the Visa, Master or Amex logo and run it through your square-up and have access to the cash in a matter of two days. The cost will be the fee for transfer which will be a total of like $1-2 and the card cost which will be like $5. Equipped with this knowledge you can keep an eye out for any store that has cash cards or ANY credit card…….you get the idea. Be creative. Like you can use the cash to pay up most of the invoice(s) that you initially incurred with Staples (as an example) when you bought the gift c cards in the first place. That will  show activity on your business credit Staples account  with minimum money out of your pocket. So for like $6.00 you can have $100.00 worth of activity.

Now if you have two separate different store accounts that both carry gift cards you can actually initially buy gift cards to run a balance on one of them, than to pay that off buy gift cards from the other card. That way you can ‘kill two cards with one stone’ ! Making the balance zero on one card as you spend the other card (to buy gift cards to pay the other off). Sears and Staples both carry gift cards especially in the holiday season.

If you only use one store card (as ib the first example) the balance never really goes to zero, the balance is just pushed forward to the next month. Apply it and you will see what I mean.

Two ways, that way you have more options and that is always beneficial.


Lots of free information on business and personal credit click below