Credit Card Lounge

I own a successful small business with excellent credit rating. I need a small business credit card that offers 0% APR on balance transfers and/or outstanding rewards-points program. What can you recommend to me? Also, isn’t there a web site that helps you find/match personal credit cards to your preferences – is there such available for business too?

I have been cautioned against taking a “line of credit” to pay off high interest credit card balances. Instead, I have been encouraged to keep using the 0% interest credit card offers for as long as it is offered at zero %. These cards are a dime of dozen these days.

As with anything in life, it is what you don’t know that hurts you. If I embark in doing the card hopping strategy, I don’t know what the long term consequences are in using these 0% offers. So, I kindly ask you the following questions:

1. Will it hurt my credit rating? Right now I have a very good credit score. I pay all my bills on time. It is the finance charges that are killing me.

2. Should I close the expiring 0% card as I open the new 0% card. At the end of 5 years I don’t want to have a trail of credit cards that are still open balance. Or should I?

The last time I checked my credit rating (6 months ago) my credit score ranged from 598 to 620. With such a crappy credit score, why would any financial institution want to give me a credit card???

These banks are sick. Each month I must get about 5 to 10 offers to sign up for new credit card accounts, some of them pre-approved. My credit is certainly less than perfect.

will closing an unactivated visa credit card affect my credit rating a lot? i’m young, in college, and the credit line is for $1000 w/ cash access line $200. i have a checking a/c and another credit a/c. i was stupid and signed up for this – it has an annual fee of $80 which i would like not to pay. i don’t really care about my credit rating in the short term (5 yrs) future though. thanks!