 TITLE: How Do I Choose a Business Credit Card? CONTENT: Look at the Costs and Fees\n--------------------------\nThere are several costs and fees you should consider when choosing a business credit card. Here's a closer look.\n**Annual fee**: Business credit cards may have annual fees ranging from under $100 to $500 and up. High-fee cards generally offer premium rewards, such as luxury travel or dining perks, access to concierge services, statement credits and membership programs. To decide if a card with a high fee is worth it, assess how much and where you're likely to use the card, and whether the rewards you'd earn would surpass the annual fee. (Keep in mind that your annual fee is generally tax deductible as a business expense.)\n**Interest rate (APR)**: If you carry a balance on your business credit card rather than paying it off every month, you'll be charged interest on the balance. Interest on credit cards is expressed as the annual percentage rate (APR). Comparing APRs across different credit card offers can be tricky because most offers express the APR as a range. Once you're approved, you'll be assigned an APR within that range based on your credit. If you have good credit, you may qualify for the lowest APR a card offers, but if your credit is fair or poor, you will probably be charged a higher APR—so take that into account when comparing cards.\nThere are also different types of APRs. The purchase APR applies to purchases you make with the card, but many business credit cards charge different interest rates on balance transfers and cash advances. In addition, a card may offer an introductory 0% APR on purchases, balance transfers or both for a limited time (after which the standard APR will apply). Finally, if you miss a payment, you might face a penalty APR that can be close to 30%.\n**Transaction fees**: You may have to pay fees for certain transactions. For example, many credit cards charge a fee if you get a cash advance or do a balance transfer. Some credit cards also charge foreign transaction fees on purchases made outside the U.S. In most cases, these fees are either a percentage of the advance, transfer or purchase, or a flat fee, whichever is greater. If you often travel outside the U.S. for business, you'll want to avoid cards with foreign transaction fees.\n**Penalty fees**: If your payment is late or your check is returned, many credit cards impose a late payment fee or returned payment fee.\nAll rates and fees for a business credit card must be clearly stated in what's called a \"Schumer box.\" The Schumer box can usually be found by clicking on links from the card's dedicated webpage that say \"pricing and terms,\" \"rates and fees,\" \"terms and conditions\" or something similar. END