>Business Credit Cards Can Make You Money Posted by nick_niesen on October 29th Josh Allen Jaguars Jersey , 2010
Small business owners, more than any other credit card users, are in the best position to profit from their use of credit cards. Profit from credit cards? The idea may seem foreign, if not preposterous. However, the truth of the matter is simple: if you use your business credit card wisely and open a high yield savings account, your credit card can easily make you a few hundred dollars a month.
Let's begin by discussing the types of small business credit cards on the market. The first and often easiest for new businesses to attain are charge cards. There are a wide variety of these available from American Express' OPEN Yannick Ngakoue Jaguars Jersey , the small business network. The first benefit of a business charge card is the zero percent interest you pay. Yes, you must pay your balance in full in each month. However, we?ll soon see how borrowing money interest free is a great thing.
OPEN credit cards, like other American Express business credit cards, allow you to earn Amex rewards points with every purchase. In general, you earn 1 point for every dollar spent. In general Leonard Fournette Jaguars Jersey , a point is worth between 12 to 1% of purchases, depending if you want to redeem your rewards for cash (12% value) or retail gift certificates and travel rewards (1%).
Now let's assume your small business spends $10,000 a month. You will earn $100 in rewards from American Express. Plus, if you place that $10,000 into a high yield savings account with an interest rate of 4% or higher, you will earn over $30 a month in interest. Thus Taven Bryan Jaguars Jersey , the net earnings you will accrue by using an American Express small business credit card can easily equal $130 a month on $10,000 spending. Over the course of a year, that can add up to over $1500.
Small business credit cards with rewards provide similar profit opportunities, and fantastic short term profit opportunities, as many offer 0% interest rates for up to 6 months on purchases. For example, if you spend $10 Jalen Ramsey Jaguars Jersey ,000 the first month you have a 0% small business card, you can earn $100 in rewards, plus a very nice $200 in interest over the course of the introductory offer. When the 0% expires, you simply pay your bill in full and avoid all interest charges. You'll find your business $300 richer.
Once the 0% APR expires on a small business credit card, you will have a "grace period" of around 25 days to pay off your new purchases before interest is charged. Thus, you simply treat your credit card like a charge card Telvin Smith Jaguars Jersey , and pay your balance in full each month, allowing you to earn rewards points on every purchase you make while earning interest on the money you already spent.
Over the course of a year, a small business that uses an American Express OPEN card and spends $10,000 per month can earn the equivalent of $1200 in Amex cash, travel, or retail rewards Nick Foles Jaguars Jersey , plus over $400 in interest. That frees up over $1600 in capital that can be used to offset the cost of travel, purchase new equipment, or simply enhance your company?s cash flow.
Using small business credit cards strategically can positively affect your company's bottom line, free up cash, and generate income through interest and rewards. With the wide range of cards on the market, it is important for each business owner to examine the interest rates DJ Chark Jaguars Jersey , types of rewards, and fine print of small business credit cards before making a final choice. Personally, I've been a proud American Express OPEN Gold and Platinum small business cardholder for nearly two years and have nothing but praise for the company.
Panic attacks can be terrifying to the person who experiences them. The palpitations, sweating, shortness of breath Gardner Minshew Jaguars Jersey , dizziness, and fear of losing control can land a person in the emergency room. The fear of having another attack can lead to depression and even agoraphobia, the fear of going out into public places. Prescription medications are often used to relieve the fear and anxiety that goes along with panic attacks, but the most common ones can cause sedation - making it difficult for the anxious individual to work or function in day-to-day life. There’s also a risk of becoming dependent on these medications leading to withdrawal symptoms when the drug is stopped. Now, it appears there’s a new medicine for anxiety and panic that may relieve the symptoms without sedation or risk of dependence on the medication.
A New Medicine for Anxiety and Panic?
This compound called XBG173 has been tested in animals and found to significantly reduce anxiety without causing sedation. It works by stimulating a protein which increases production of receptors known as GABA receptors. GABA receptors are inhibitory type receptors that help to reduce the brain stimulation that leads to fear, panic Gardner Minshew II Youth Jersey , and anxiety. When the number of GABA receptors is increased by XBG173 it puts the brakes on fear and anxiety – without causing the undesirable side effects seen with many other anti-anxiety drugs such as the benzodiazepines.
Is It Safe for Humans?
Encouraged by the positive results of XBG173 in animals, researchers went on to test this medicine for anxiety and panic on seventy-one men. The men were given either XBD173, alprazolam (a benzodiazepine anti-anxiety medication), or a placebo. The men on XBD173 experienced fewer panic attacks than those who received alprazolam. Even more encouraging was the fact that the men on XBG173 had fewer significant side effects. They were also spared the uncomfortable symptoms of drug withdrawal experienced with anti-anxiety medications.
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