I just recently moved to the US and set up a business. I have been contemplating the need and importance of having a credit card for the business use.
I am currently an AMEX cardholder in Europe. Here in the US since the business is new, and most of the expenses are paid for by check I havent really seen the need for a credit card. But seeing the SimplyCash card letter they sent me and the 0 annual fees made me consider it. I have always tried to pay with my Amex when buying important items, travel etc in Europe.
For the business I could see myself paying for advertising, equipment, supplies and gas for now, future probably also travel.
If I have understood how the SimplyCash card works, any payments I used the card for must be payed off otherwise an APR charge will be assessed. Is there anything else I should be made aware of? or am missing?
I am completely new to the idea of credit building, fico etc etc, so I don't know what would be the best choice. I also noticed that there are two different types of cards here in the US, charge and credit. It seems that charge cards help build credit? Maybe I am wrong
Any tips, suggestions?
Thank you in advance