All Chase Ink Business Credit Cards Now Offering Very Easy $100 Cash Back

I don't know anyone who doesn't love a cash back credit cards. So today's news is pretty exciting: All the Chase Ink business credit cards now feature a $100 cash back bonus. It's a very sweet benefit, as cardholders qualify for the $100 bonus simply by making just one purchase with a new Chase Ink business card. Sweet.

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Half Glass Full: Business Credit Cards Better Than Ever for Responsible Borrowers

If you perform an internet search on “business credit cards”, you will more than likely return a myriad of results that paint them in a bad light simply because there are no added protections for card holders under the Credit Card Accountability and Responsibility and Disclosure Act of 2009 (CARD). The legislation was designed to protect not-so-savvy consumers who may experience drastic, unexpected interest rate hikes by not-so-honest card issuers willing to take advantage of them. Many business credit card holders were surprised to learn that CARD does not protect them, and so journalists far and wide are shaking their fingers at business credit cards, warning possible applicants against the ‘pitfalls’ of applying for business or “professional” credit cards.

These naysayers are not telling you the whole story.

For responsible credit card users, now is a great time to apply for a business credit card and use the current economic slump to your advantage. The Wall Street Journal reports that after CARD was enacted, credit card issuers mailed out 47 million professional offers in Q1 of 2010, a 256% increase from the same period last year. Why the huge jump? Because business owners are tightening their belts and postponing expansions, causing credit card issuers to lose profits. In a scramble to increase their own bottom lines, card issuers are relaxing certain application criteria for business (or “professional”) credit card applicants and beefing up the card reward programs. For instance, the Ink From Chase business credit card application has been changed to help make approval easier. The same Wall Street Journal article reveals that January 2010 mailings for the Ink From Chase card required applicants to provide the name of their company, the nature of the business, its address and its federal employer identification number. Solicitations in July, on the other hand, only required applicants to check a box that said ‘Yes, I am a business owner’ or ‘Yes, I am a business professional with business expenses.’ A Forbes blog also reports that the Ink From Chase card pays 3% back on fuel, home improvement, dining, and office supplies, as well as 1% on everything else. Small and home business owners are well able to combine personal and business expenses, making this and other similar business credit cards a very attractive option for business and even personal finance.

So, despite the lack of added protection by the Credit Card Accountability and Responsibility and Disclosure Act (CARD), these new and improved professional and business credit cards with expanded rewards programs can actually prove to be advantageous for the right kind of card user.

But who is that, exactly?

If you have a good credit score, pay your balance off every month, and do not usually incur late payment fees, the current economic climate has blown the winds of opportunity in your direction. Since the lack of added consumer protection in CARD only affects credit card users who tend to carry balances and are at times delinquent in their payments, these penalties are not a major source of concern for business owners who are conservative in their spending, keep good records, and pay off their credit card bills by the end of each month (at least most months). Getting a new business credit card now, while issuers are still looking to woo new applicants, can help build your business credit score and set you up nicely for the time when banks begin offering better business loans and you are ready to expand.

Don’t let the mainstream media tell you that this glass is half empty - it’s really half full.

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Advanta Settles with The FDIC Over Fair Trade Violations

Advanta Business Credit Card

Here's some good news for all those who used to have an Advanta business credit card account. As you may already know, Advanta shut down all business credit cards accounts on May 30, 2009. No account was spared. Small business owners who relied on their Advanta credit cards to buy equipment, inventory, etc. were forced to find new sources of temporary financing in a hurry. This, of course, made lots of cardholders very angry, since business credit cards and lines of credit are not easy to find in the current credit crunch and recessionary economic environment.

To add insult to injury, Advanta also raised the interest rate on many accounts without providing fair warning. This happened with my own Advanta Platinum Businesscard account. Advanta ended my 0% intro APR period early, and without warning. Moreover, I'm still calling Advanta every week, as I'm trying to resolve a problem with an opt-out correspondence. All very vexing stuff.

So here's the good news: Advanta has settled with the Federal Deposit Insurance Corporation (FDIC) over fair trade violations related to business credit card accounts. Bottom line: if Advanta modified your interest rate without fair warning, you may eventually receive a restitution payment.

Here's a clip from Wednesday's press release:

"...Under the settlement, Advanta has agreed to an order to cease and desist, to pay restitution, and to pay a civil money penalty in the amount of $150,000. In addition, restitution of approximately $14 million will be paid to businesses that used Advanta's Cash Back Reward program and $21 million to accountholders whose accounts were repriced. In agreeing to the issuance of the order, Advanta did not admit or deny any liability.

Advanta's 'Cash Back Reward' program advertised a percentage of cash back on certain purchases by business credit card accountholders. Due to the tiered structure of the cash back payments, however, the advertised percentage was not available for all purchases. As a result, it was effectively impossible to earn the stated percentage of cash back reward payments. The FDIC concluded that the Bank's solicitations were likely to mislead a reasonable customer and that the representations were material and that therefore, the Bank engaged in a pattern of deceptive acts or practices in violation of Section 5.

In addition, numerous complaints were filed regarding Advanta's substantial annual percentage rate (APR) increases on the accounts of small business owners and professionals, who had neither exceeded their credit limits nor were delinquent in making payments on their accounts. The FDIC determined that Advanta's rate increases had been implemented in an unfair manner, that Advanta failed to adequately notify accountholders that their APR had increased, the amount of the increase, the reason for the increase, the procedures to opt-out and the consequences of an opt-out. The repricing caused substantial injury to customers, withheld and/or provided inadequate information that could have enabled the customer to reasonably avoid the injury, and provided no benefit to the customer or competition.

'The Advanta settlement demonstrates the FDIC's commitment to having banks take responsibility for ensuring that they do not engage in unfair or deceptive acts or practices in connection with the banking products and services they offer,' said FDIC Board member Thomas J. Curry. 'Any person doing business with an insured depository institution can expect to be treated fairly, and any such entity that engages in unfair or deceptive acts or practices should be aware that the FDIC will pursue such practices with all of the legal authority at our disposal.'..."

OK, so here's an example of one of the worst credit cards ever:



Yup.

I now pose this question to readers: is Advanta the worst business credit card bank ever? As always, your comments are very welcome, and appreciated.

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No Need To Work for Your Rewards with The SimplyCash Business Credit Card from American Express

American Express Credit Cards

Don't you just hate it when a bank or credit card company makes you work for your rewards? I know I do.

With one of the consumer credit cards I carry in my wallet, they won't send me a penny unless I login to my account, check how many rewards points I've accrued, then make a formal request for a check if I've accumulated enough points. Bah! Who has time for all that?

I like cash back rewards as much as the next guy, but no one should have to work in order to reap the benefits of any credit card rewards program. That's my opinion, and I'm very confident that I'm not the only one who feels this way.

American Express to The Rescue!

The latest business credit card from the good folks at American Express is the SimplyCash^SM card, which features cash back on just about anything you buy with the card, and the rewards program will automatically (no work!) credit your account each month with any rewards you've earned. Cardholders get 5 percent cash back on wireless charges, office supplies and gas, and 1 percent cash back on just about everything else that's charged to the card.

As an added bonus, the SimplyCash card comes with a 0% introductory annual percentage rate (APR) on new, card-in-hand purchases for the first 12 months, with a "go to" rate as low as the U.S. Prime Rate after that.

As usual, the folks at American Express get it.

Lots more details below in the following clip from a recent press release:

"...American Express today announced the launch of the American Express SimplyCash^SM Business Card, which makes cash- back rewards simple for time-pressed small business owners through automatic monthly cash-back rebates(1). The new Business Card gives cash back on virtually all purchases and automatically delivers the rewards each month as a statement credit.

Cash rebates are among the most popular rewards, with 42% of small business owners saying they prefer cash back rewards, according to the OPEN from American Express Small Business Monitor, a semi-annual survey of small business owners.

With the SimplyCash Business Card, cash-back rewards are easy and automatic. All Business Cardmembers have to do is use their SimplyCash Business Card to automatically receive 5% cash back each month on gas, office supplies, and wireless charges, and 1% cash back on nearly all other purchases. There are no spending limits or caps on the cash-back rewards a Business Cardmember may receive, and the Business Card carries no annual fee.

Like all American Express Business Cards, the SimplyCash Business Card gives small business owners additional savings through the OPEN Savings® program. The OPEN Savings(2) program gives Business Cardmembers automatic savings at select travel and service providers, and business suppliers, such as Delta, JetBlue, Fedex Kinko's, and Hyatt. In just two years the OPEN Savings program has already saved small business owners more than $150 million.

'The American Express SimplyCash Business Card's automatic monthly rebates make cash-back rewards easy for small business owners who want to earn immediate cash-back savings on all their purchases, but don't have time for complicated cash-back redemption rules,' said Raymond Joabar, senior vice president and general manager, OPEN from American Express. 'In addition, this easy cash-back program has no cap on the savings that Business Cardmembers can earn, and cash-back savings are combinable with any merchant discount, as well as with the automatic discounts available through the OPEN Savings program.'

The American Express SimplyCash Business Card offers small business owners an introductory Annual Percentage Rate of 0% on purchases for the first 12 months.

American Express SimplyCash Business Card benefits include:

• 5% cash back on gas, office supplies, and wireless charges
  
• 1% cash back on virtually all purchases
  
• Cash-back reward credited automatically on monthly statement
  
• No caps on the amount of cash-back rewards Business Cardmembers can earn
  
• 0% Annual Percentage Rate (APR) for 12 months; after 12 months, as low as Prime + 0%(3).
  
• No annual fee, and fee-free additional Cards
  
• The OPEN Savings program, which offers automatic savings at select travel and service providers, and business suppliers like Delta, JetBlue, Fedex Kinko's, and Hyatt. For more information, visit OpenSavings.com
  
• Retail and travel protections such as Global Assist, Car Rental Loss & Damage Insurance(4), Purchase Protection Insurance(5), Travel Accident Insurance(6), American Express Card Baggage Insurance(7), Buyers Assurance Plan(8), Automatic Bill Payment, Express Cash Emergency Card Replacement, Emergency Check Cashing, and 24-hour customer service.

About OPEN from American Express
OPEN is the American Express team dedicated exclusively to the success of small business owners and their companies. The OPEN Team supports business owners with exceptional service. With tailored products and services, the team delivers purchasing power, flexibility, control and rewards to help customers run their business. Specifically, business owner customers can leverage an enhanced set of products, tools, services and savings, including charge and credit cards, convenient access to working capital, robust online account management capabilities and savings on business services from an expanded lineup of partners. To obtain more information about OPEN, visit http://www.OPEN.com, or call 1-800-NOW-OPEN to apply for a Card or loan. Terms and conditions apply.

American Express Company (http://www.americanexpress.com) is a leading global payments, network and travel company founded in 1850.

1. Cash Rebate: Your Rebate is awarded monthly on the amount of your purchases (net of credits for purchases) made during the previous billing period, based on the following structure: You will receive a Rebate of 5% for purchases of wireless telephone services, automobile gasoline, and office supplies and equipment, in each case not purchased at warehouse clubs, superstores or supermarkets ("5% Purchase(s)"). You will receive a Rebate of 1% for all other purchases.

Important: You will receive a 5% Rebate only if the merchant submits the Charge for your 5% Purchase under the appropriate merchant code, industry code and required service or product identifier established by us with/for the merchant. For example, if a general merchandise retailer sells office supplies, and the retailer processes your Card transaction as a general merchandise charge instead of an office supply charge, you will receive a Rebate of 1%, not a Rebate of 5%.

You will not receive a Rebate for balances transferred from other accounts, purchases of American Express Travelers Cheques or American Express Gift Cheques, fees, Finance Charges, Cash Advances and similar means of accessing your Card Account. Additional terms and conditions apply.

2. OPEN Savings(R): Payment must be made with an American Express® Business Card at the time of purchase. Savings will be credited to your American Express Business Card billing statement. All savings referenced are in addition to any offers made by participating companies. Participation and offers are subject to change without notice. Terms and conditions apply. For more information, please visit opensavings.com.

3. Annual percentage rate for purchases: 0% introductory APR for 12 months on purchases made with plastic only. Then, 8.25%, 12.24%, 15.24%, or 18.24%, respectively, as determined by us based on our credit evaluation and a number of factors, including size of the credit line.

Other APRs: Balance Transfer APR: 7.99% fixed for the life of the transferred balance, but only if transfer is made during the first six months as a Cardmember. Then the Standard APR for Purchases will apply.

Cash Advance APR: 23.24% Default APR: 24.24% (30.24% for Cash Advances) for defaulted accounts; 30.24% on all balances for seriously defaulted accounts.

4. Car Rental Loss and Damage Insurance: Underwritten by AMEX Assurance
Company, Administrative Office, Green Bay, WI. Coverage is determined by the terms, conditions, and exclusions of Policy AX0925 and is subject to change with notice. This document does not supplement or replace the Policy.

5. Purchase Protection Plan: Underwritten by AMEX Assurance Company, Administrative Office, Green Bay, WI. Coverage is determined by the terms, conditions, and exclusions of Policy AX0951 and is subject to change with notice. This document does not supplement or replace the Policy.

6. Travel Accident Insurance Plan: Underwritten by AMEX Assurance Company, Administrative Office, De Pere, WI. Coverage is determined by the terms, conditions, and exclusions of Policy AX0948 and is subject to change with notice. This document does not supplement or replace the Policy.

7. American Express Card Baggage Insurance Plan: Underwritten by AMEX Assurance Company, Administrative Office, De Pere, WI. Coverage is determined by the terms, conditions, and exclusions of Policy AX0400 and is subject to change with notice. This document does not supplement or replace the Policy.

8. Buyer's Assurance Plan: Underwritten by AMEX Assurance Company, Administrative Office, Green Bay, WI. Coverage is determined by the terms, conditions, and exclusions of Policy AX0953 and is subject to change with notice. This document does not supplement or replace the Policy..."

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A New Business Credit Card from American Express: The Starwood Preferred Guest Business Credit Card

You probably know Starwood by the brands they own:

• Sheraton
• Westin
• Four Points by Sheraton
• W Hotels
• St. Regis
• The Luxury Collection
• Le Méridien
• Aloft

American Express

Yup: some of the finest, world-class luxury hotels and resorts are owned by Starwood.

And now for today's news: Starwood and American Express® are introducing a new business rewards credit card: The Starwood Preferred Guest® Business Credit Card.

You'll be impressed with the rewards and bonuses offered by the Starwood Preferred Guest Business Card. You can earn complimentary nights at over 800 Starwood resorts and hotels around the world. And earning reward flights is a snap, because there are over 30 airline brands that have partnered with the Starwood Preferred Guest Business Card rewards program.

And how's this for a great signup bonus: you get 10,000 Starpoints® just for making one purchase with the Starwood Preferred Guest Business Card; 10,000 Starpoints can be traded-in for up to three free nights at a Starwood resort or hotel. Good stuff!

More details from a recent press release below:

"American Express Company and Starwood Hotels & Resorts Worldwide, Inc. today announced the launch of the Starwood Preferred Guest® Business Credit Card for small business owners and the enhanced Starwood Preferred Guest® Credit Card for consumers. Cardmembers can take advantage of greater benefits and richer rewards, making it easier than ever for consumers, and now small business owners, to earn free nights at more than 825 Starwood hotels and resorts around the world and award flights with more than 30 airline partners.

New offerings on the Cards, include:

• 10,000 Starpoints® bonus with first purchase – that's enough for up to three free nights(1)
• Double Starpoints on stays at participating Starwood Hotels & Resorts and purchases at select Starwood retail outlets, such as Bliss Spa and more(2)
• Automatic upgrade to Gold Preferred Guest® membership status by spending $30,000 on the Card in each calendar year
• Access to private sales with select Starwood retail outlets

The new Business Card incorporates all of the improved benefits of the Starwood Preferred Guest Credit Card, as well as programs and services tailored specifically to the needs of small business owners, including the OPEN Savings(SM) program which was designed specifically for small businesses and gives automatic discounts on purchases at OPEN Savings(3) partners, such as Delta, FedEx Kinko's and JetBlue. In addition, the Business Card provides expense management reporting, an online spend tracking system and spending limits on additional cards that aid in better managing employee spending.

Both Cards showcase a new vibrant design to reflect the American Express brand, as well as Starwood's brands, which include St. Regis®, The Luxury Collection®, Sheraton®, Westin®, Four Points® by Sheraton, W® Hotels, Le Méridien® and the recently announced Aloft(SM) and Element(SM) Hotels.

'We are excited about the expansion of our partnership with American Express and know that our mutual consumer and small business customers will appreciate the enhancements that the Starwood Preferred Guest Credit Cards bring to the Starwood Preferred Guest program,' said Robin Korman, vice president, Loyalty Marketing at Starwood Hotels & Resorts Worldwide. 'The benefits of both cards truly reflect our dedication to the principles that have made Starwood Preferred Guest an award-winning program - to set a benchmark in the industry and deliver the most generous and flexible award earning opportunities available.'

'In listening to our customers, they told us they want help managing rapidly rising travel costs and using rewards to offset travel expenses,' said Raymond Joabar, senior vice president and general manager, OPEN from American Express. 'The Starwood Cards from American Express offer consumer and small business Cardmembers one of the most lucrative rewards program with no blackout dates.'

Additional benefits for both Cards, include:

• One (1) Starpoint for every eligible dollar spent on the Card
• Redeem Starpoints at over 825 participating Starwood hotels and resorts in 95 countries with no black out dates – if there's a standard room it's yours.
• Transfer Starpoints to over 30 frequent flyer programs, most on a one-to-one basis
• Receive 5,000 Starpoint bonus when you transfer 20,000 Starpoints to miles(4)
• First year fee-free, and $30 annual fee thereafter; fee-free additional cards
• Automatic enrollment as a Starwood Preferred Plus member
• Receive a 50% off certificate, good towards a Starwood hotel stay, upon Card approval and annual renewal
• No limit on the amount of Starpoints a Cardmember can earn
• Competitive Introductory purchase Annual Percentage Rate (APR) for six (6) months
• Retail and travel protections such as Global Assist, Car Rental Loss & Damage Insurance, Purchase Protection Insurance, Travel Accident Insurance, American Express Card Baggage Insurance, Buyers Assurance Plan, Express Cash Emergency Card Replacement, Emergency Check Cashing, and 24-hour customer service. For these and other benefits visit spg.com/americanexpress, terms and conditions apply.

The new Starwood Preferred Guest Business Card and enhancement to the Consumer Card are an expansion of the existing relationship between Starwood and American Express. The new Cards make it easier than ever for consumers and small business owners to quickly earn exceptional travel rewards through spending on their cards. Starwood and American Express have enjoyed a strong cobranded card partnership since 1996, when American Express first launched the ITT Sheraton ClubMiles Card.

The Starwood Preferred Guest program made headlines when it launched in 1999 with a breakthrough policy of no blackout dates and no capacity controls, meaning members can redeem free nights anytime, anywhere.
The program also offers members the ability to redeem awards at more resorts, more luxury properties, more European hotels and more golf properties than any other hotel program, which has proven to be a big draw for the world's most frequent travelers, and a significant competitive advantage.


(1) To be eligible to receive 10,000 bonus Starpoints, you must make your first purchase with the Starwood Preferred Guest Credit Card within one year of Card approval. Bonus Points will appear on your Starwood Preferred Guest statement 8-12 weeks after your first purchase. Bonus Starpoints are for first-time Starwood Preferred Guest Credit Cardmembers only. You may have more than one Starwood Preferred Guest account, however, if you have or had any such account you are not eligible to receive bonus Starpoints you may be offered for any other such account.

(2) You will receive one additional Starpoint for each U.S. dollar of Eligible Spending charged on your Card Account at Starwood branded hotels and resorts then participating in the Starwood Preferred Guest loyalty program, and at stand-along retail establishments and on-line stores that, in each case, are wholly-owned by Starwood Hotels and resorts Worldwide, Inc.

(3) OPEN Savings(SM): Payment must be made with an American Express® Business Card. Savings will be credited to your American Express Business Card billing statement. All savings referenced are in addition to any offers made by participating companies. Participation and offers are subject to change without notice. Terms and conditions apply. For more information and the full OPEN Savings partner terms and conditions, please visit opensavings.com.

(4) A 5,000 Starpoint bonus is based on airlines with a 1 Starpoint to 1 mile conversion rate; equivalent bonus will be awarded in accordance with other airline conversion rates."

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More Ways to Save with American Express Business Cards

American Express

The great thing about the OPEN Savings® rewards program from American Express® is that it's automatic: no coupon-clipping, no program enrollment -- the way it should be! No one likes to be forced to work for a discount; no one I know anyway.

The OPEN Savings rewards program is available to any American Express business card holder: both American Express charge cards and credit cards are included in the OPEN Savings network. And the savings can be significant.

The OPEN Savings program has allowed American Express business card holders to enjoy $100 million in savings since 2004. Not bad, eh?

Yup, the folks at American Express get it.

OK, so here's today's news (great news if you are a frequent flier): both JetBlue Airways and Delta Air Lines are now partners in the OPEN Savings program. More details below in the clip from a recent press release:

"OPEN from American Express^SM today announced a significant expansion of its OPEN Savings® program with the launch of airline partners Delta Air Lines and JetBlue Airways. OPEN Savings gives small business owners automatic savings virtually every time they use an American Express® Business Card to make purchases at any OPEN Savings partner.

Small business owners using any American Express Business Card can now reduce their travel expenses with an automatic 3% discount on the total cost of Delta and JetBlue flights. In addition, Cardmembers who purchase Delta flights with the Delta SkyMiles® Business Card or SkyPoints Delta Business Card, or who purchase JetBlue flights with the JetBlue Business Card, will receive an additional 2% discount, for a total savings of 5% off the total cost of Delta or JetBlue flights. Available to new and existing Business Cardmembers, these discounts are Card benefits -- not limited-time offers -- and apply to all flights booked directly from Delta or directly through any JetBlue channel.

OPEN Savings has delivered more than $100 million in savings to American Express Business Cardmembers since 2004. OPEN Savings eliminates the need for offer codes, coupons or program enrollment and provides automatic savings from well-known brands. Savings can also be combined with other marketplace offers or volume discount pricing that businesses may
already be receiving from program partners.

'Delta is pleased to expand our relationship with American Express and offer our customers an opportunity to save money for their small business while earning miles at the same time,' said Jeff Robertson, managing director of the SkyMiles Program. 'Our partnership with American Express continues to add to the multiple benefits offered to our SkyMiles members worldwide.'

'By the end of 2006, JetBlue will have introduced new service to 14 new destinations that our customers who travel for business tell us are important,' said Andrea Spiegel, JetBlue's vice president of Sales and Marketing. 'We are pleased to now offer our customers an easy way to save even more money when they fly JetBlue for business, through our exclusive partnership with American Express.'

'With the addition of these new partners, small businesses can effortlessly reduce their airline expenses just by using their American Express Business Card,' said Raymond Joabar, senior vice president and general manager, OPEN from American Express. 'Time-pressed small business travelers who are weary of coupons or special offer codes now have a better and simpler way to save, with OPEN Savings' automatic and combinable discounts. These two new OPEN Savings airline partners can help substantially increase the millions of dollars in savings that we're already delivering to our small business Cardmembers.'

OPEN Savings is a benefit embedded within all American Express Business Cards. American Express Business Cardmembers simply need to use their credit or charge card for purchases with any OPEN Savings partner to take advantage of discounts. The savings will automatically appear on the Cardmember's monthly statement and can be tracked at http://www.opensavings.com. OPEN Savings discounts are calculated on the full transaction amount, including any taxes and surcharges. Terms and conditions apply.

Partners and discounts include:

New Airline Partners

• Delta Air Lines: 3% off flights (plus 2% extra with co-branded Business Cards)
• JetBlue Airways: 3% off flights (plus 2% extra with co-branded Business Cards)

Travel and Dining

• Hyatt Hotels & Resorts: 3% off hotel charges
• Hertz: 5% off car rentals
• Courtyard by Marriott: 5% off hotel charges
• Fairfield Inn by Marriott: 5% off hotel charges
• SpringHill Suites by Marriott: 5% off hotel charges
• Wingate Inn: 5% off hotel charges
• Ruby Tuesday: 5% off dining
• eSkyGuide: 20% off eSkyGuide software

Supplies and Services

• FedEx: 5% off Express and Ground shipping
• FedEx Kinko's: 5% off business services
• AT&T: 5% off local & long distance services
• 1-800-FLOWERS(R): 5% off floral and gift purchases
• American Express: 3% off American Express Gift Cards

Business Building Tools

• BizFilings: 20% off incorporation and registered agent services
• Ceridian: 20% off payroll preparation
• Constant Contact: 15% off e-mail marketing
• ExpensAble: 25% off expense reporting software
• LogoWorks: 15% off logo and graphic design

Terms and conditions apply."

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A New Small Business Credit Card from Discover

Discover Credit Cards

People all across the country have been visiting our credit card balance transfer site to take advantage of great credit card offers from the folks at Discover Card: Discover has been offering some of the most competitive annual percentage rates (APR's) for some time now -- and they still are.

Now Discover is jumping into the business credit card game, offering a new small business credit card with highly competitive benefits and features, like no annual fee and a credit line as high as $50,000. I think it's safe for me to write that the new Discover small business credit card is financial tool that small business owners can get excited about.

For more details, here's a clip from today's press release:

"Discover Financial Services LLC, a business unit of Morgan Stanley (NYSE:MS), today announced the launch of the Discover Business Card: a single payment solution for small business owners designed to fundamentally change how they pay for everyday business purchases. The Discover Business Card delivers the financial flexibility and control business owners are seeking.

The Discover Business Card also leverages the core strengths of the Discover Card for consumers. For no annual fee, it offers Discover Card's leading Cashback Bonus® rewards program and unmatched customer service, customized to meet the unique needs of small business owners.

'The Discover Business Card provides the opportunity for the Company to take a leadership position in the small business payments space by addressing the underserved needs of the small business owner,' said David W. Nelms, Chairman and Chief Executive Officer of Discover Financial Services. 'With credit card penetration among small businesses at an estimated 35 percent - and only 10 percent of small business spending on plastic - the Discover Business Card's customized features and services address many of the challenges that have discouraged small business owners from using credit cards in the past.'

Unmatched Financial Flexibility and Control

Financial flexibility and control are critical to the success of small business owners. The Discover Business Card meets these needs with key features including:

• PurchaseChecks: Unique, fee-free PurchaseChecks let small business owners pay merchants and suppliers who do not accept credit cards, allowing Business Cardmembers to receive benefits such as earning rewards, and the same APR and payment grace period as card purchases.
• Employee Cards: Free Employee Cards with real-time, customizable limits and monthly spend reporting ensure that business owners have the necessary oversight and control they need to give Cards with confidence to their employees.
• Extensive Reporting and Control: Online quarterly and annual statements by category, downloadable to QuickBooks(R), help ensure easy tracking of expenses and streamlined bookkeeping, especially during tax season. Simple, yet extensive, online account management tools help small business owners pay bills, redeem rewards, track or categorize expenses, and set up e-mail alerts to help them stay on top of their finances.
• Business-Sized Credit: The Discover Business Card features highly competitive rates and business-sized credit limits up to $50,000.

America's Leading Rewards Program and Customer Service, Customized for Business

As the original innovator of cash rewards, Discover Card offers America's number one rewards program customized for businesses. The Discover Business Card provides special rewards for categories that are valued most by business owners, including 5% Cashback Bonus on office supplies, 2% Cashback Bonus on gas and up to 1% Cashback Bonus on all other purchases. The Discover Business Card also features unlimited rewards that never expire for active Cardmembers, which is especially important for business owners who lack the time to keep track of their rewards. The Card also offers the most flexible redemption options, and the ability to increase - even double - cash rewards with Discover Card's exclusive network of over 60 brand-name redemption partners.

Business Cardmembers can expect specialized customer care and can always access a dedicated Discover Business Card account manager in less than one minute. And Discover Business Card account managers are committed to taking care of Cardmembers' issues in just one phone call.

The Discover Business Card also provides the most advanced and convenient fraud protection available today, with a $0 fraud liability guarantee, free secure online account numbers and the industry's most vigilant fraud early warning system.

Building on a History of Innovation and Growth

With the launch of the Discover Business Card, Discover Financial Services continues to build upon its history of innovation as it evolves into a broad-based payments company offering a full range of modern and convenient payments products, including credit, PIN, signature debit and stored value.

Discover Card's twenty-year track record of firsts include the launch of Cashback Bonus rewards with the most redemption choices of any cash rewards program, no annual fee, 24/7 customer service and secure online account numbers."

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News Ways To Save By Using Any American Express Business Card

OPEN from American Express announces new ways to save money when you use any American Express business charge card or business credit card. Details from a press release issued today can be found below:

"OPEN from American Express^SM today announced it has launched several new partners in the OPEN Savings^SM program, providing exclusive savings in the U.S. just by using the American Express® Business Card. Courtyard by Marriott®, FedEx Kinko's Office and Print Centers, Fairfield Inn by Marriott®, Hyatt Hotels & Resorts®, Ruby Tuesday Restaurants, SpringHill Suites by Marriott® and Wingate Inn® hotels join existing industry leading partners, including FedEx, Hertz and AT&T in this unique program.

Unlike most small business credit card savings programs, OPEN Savings eliminates the need for offer codes, coupons or program enrollment and provides automatic savings to business owners from well-known brands. In addition, the savings are combinable with other marketplace offers or volume discount pricing that an individual business may already receive from program
partners.

In just eighteen months, OPEN Savings has delivered more than $75 million in savings to American Express Business Cardmembers.

'For small businesses pressed for time and weary of short-term offers that require coupons or offer codes, OPEN Savings delivers simple, automatic and combinable discounts just by using the Card,' said Ed Vittoria, vice president, OPEN from American Express. 'OPEN is proud to extend our breadth of OPEN Savings partners and deliver millions of dollars of savings to our
small business Cardmembers every month.'

OPEN Savings Partners

OPEN Savings is a benefit embedded within all American Express Business Cards. To earn the savings, American Express Business Cardmembers must simply use their credit or charge card for purchases with any OPEN Savings partner. The savings will automatically appear on the Cardmember's monthly statement and can be tracked at http://www.opensavings.com.

Partners and discounts include:

• Administaff: 25% off enrollment fee for HR Services
• AT&T: 5% off local & long distance services
• Business Filings: 20% off incorporation and registered agent services
• Ceridian: 20% off payroll preparation
• Constant Contact: 15% off e-mail marketing
• Courtyard by Marriott: 5% off hotel charges (new)
• ExpensAble: 25% off expense reporting software
• 1-800-FLOWERS.COM(R): 5% off gifts
• Fairfield Inn by Marriott: 5% off hotel charges (new)
• FedEx: 5% off Express and Ground shipping
• FedEx Kinko's: 5% off business services (new)
• Hertz: 5% off car rentals
• Hyatt Hotels & Resorts: 3% off hotel charges (new)
• Logoworks: 15% off logo and graphic design
• Ruby Tuesday: 5% off dining (new)
• SpringHill Suites by Marriott: 5% off hotel charges (new)
• Wingate Inn: 5% off hotel charges (new)
• UnitedHealth Allies: 40% off health discount program fees

The savings appear as credits on monthly statements or can be tracked online at http://www.opensavings.com. OPEN Savings discounts are calculated on the full transaction amount, including any taxes and surcharges. Terms and conditions apply.

About OPEN from American Express

OPEN is the American Express team dedicated exclusively to the success of small business owners and their companies. The OPEN Team supports business owners with unparalleled service. With tailored products and services, the team delivers purchasing power, flexibility, control and rewards to help customers run their business. Customers can leverage an enhanced set of products, tools, services and savings, including charge and credit cards, convenient access to working capital, robust online account management capabilities and savings on business services from an expanded lineup of partners. To obtain more information about OPEN^SM, visit http://www.OPEN.com, or call 1-800-NOW-OPEN to apply for a card or loan. Terms and conditions apply.

American Express Company (http://www.americanexpress.com) is a diversified worldwide travel, financial and network services company founded in 1850. It is a world leader in charge and credit cards, Travelers Cheques, travel, business services and international banking.

1. OPEN Savings^SM: Payment must be made with an American Express® Business Card. Savings will be credited to your American Express Business Card billing statement. All savings referenced are in addition to any offers made by participating companies. Participation and offers are subject to change without notice. Terms and conditions apply. For more information and the full OPEN Savings partner terms and conditions, please visit opensavings.com.

2. Courtyard by Marriott®, Fairfield Inn by Marriott® and SpringHill Suites by Marriott®: Valid at over 950 participating locations within the U.S. For a complete list, visit marriott.com/opensavings. Savings do not apply to charges relating to third party sales
transactions (such as pre-paid travel agent, wholesaler, online travel service or similar transactions) not paid directly at, or through, the hotel. The maximum annual savings available is $1,500 per Account.

3. FedEx Kinko's Office and Print Centers: Valid at all channels through which FedEx Kinko's accepts the Business Card in the U.S., except http://www.officeproducts.fedexkinkos.com. Payment must be made with Business Card at time of purchase. Maximum annual discount is $1000 per Account.

4. Hyatt Hotels & Resorts®: Valid at all locations within the U.S. and Puerto Rico. Savings do not apply to charges relating to third party sales transactions (such as pre-paid travel agent, wholesaler, online travel service, Internet access or similar transactions) not paid
directly at, or through, the hotel.

5. Ruby Tuesday®: Valid only at U.S. domestic locations, excluding Hawaii.

6. Wingate Inn®: Valid at all locations within the U.S. Savings do not apply to charges relating to third party sales transactions (such as pre-paid travel agent, wholesaler, online travel service or similar transactions) not paid directly at, or through, the hotel."

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