How to Choose a Credit Card for Business and Pay It Off
Description
Episode Notes
Hey everybody, it's Gene Marks and welcome to this week's episode of the Hartford Small Biz Ahead podcast. This week, I wanna talk to you a little bit about credit cards and managing your credit card debt and give you some thoughts on credit cards. The topic comes because there was recent news about credit card debt, that I thought would be of interest to you. First of all, Bank of America released a survey just the past couple weeks that said that small businesses are relying more on credit cards to finance their operations. Since 2019, small business credit card balances are up 18% according to the bank. Now, there's no reason to panic about this right now. A Bank of America analyst said that while rising credit card balances could raise some concerns, they're noting a few reasons to be less pessimistic.
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