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Archive

Why Small Businesses Will Get More Credit Card Offers in 2011

Small-business owners likely will receive more credit card offers than normal this year, reports the Los Angeles Times.

“It's not that the card industry suddenly considers small businesses to be a better risk,” writes reporter Cyndia Zwahlen.

“Rather, it's because under the 2009 credit card reform legislation, cards for small businesses are excluded from some restrictions on raising interest rates, among other actions.”

[Related: 5 Things to Consider Before Accepting Credit Cards]

Owners, however, should think twice about accepting any offers because rates for business credit cards grew the fastest out of all card types in 2010, Zwahlen reports.

To learn more about the probable increase in card solicitations and the legislation’s effect on card rates, read Zwahlen’s full story, “Small businesses likely to see more credit card offers.”