Tight Times Boost Business Credit Cards

More small companies—already struggling with weak sales and tight lending—are being forced to rely on business credit cards to provide working capital.

Many of these cards are subject to unannounced rate changes, unrestricted penalties and other terms that were banned from consumer cards in the wake of the financial crisis.

The situation is prompting lawmakers to renew calls to extend to small businesses the protections that consumers got under the Credit Card Accountability Responsibility and Disclosure Act. That act prevents card issuers from raising rates without notice, applying penalty rates to existing balances and charging over-limit fees that are higher than the amounts owed—all common features on many business cards.

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• Unsecured Credit Cards for Bad Credit
• Bad Credit Personal Loans