Five mistakes not to make while using a credit card(5/5).
Manju Tripathi
Finance professional with more than 15 years of experience working at mid-level to senior-level positions with Fintech, NBFCs and banking organizations. Main specialization in credit underwriting and process compliance.
5.Paying Business Start-up Expenses
Paying your business expenses using your credit card is a bad idea because it generally takes a few years for the business to reap profits , and at the mean time you could be paying really high interest rates on the debt .
It is a better idea to take a small business loan as interest rates on a traditional loan is lower than the interest rates of credit cards .
The table below compares APRs on Credit Cards and Business Loans :
You can apply for an attractive offer with best possible Rate of Interest and Terms for Personal, Business and Home Loan.
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