Credit Cards as Business Development Tips – For those of you who are just running a business, you must have been confused about how to get capital to start a business.
When you start a business, then you want a secured loan. Therefore, most people will choose to apply for a business loan from a bank.
However, most bank business loans require collateral such as housing certificates or motorized vehicles. Then what if you don’t have collateral to give it to the bank?
Some people turn to credit cards as secure loans
Yes, of course, there are many banks that offer Loans without collateral that can be used for anything.
But for some people, proposing a KTA is not necessarily the right choice, why? Because when your KTA is approved, then you have to start paying installments.
Now, imagine that your KTA has been received even though the business you want to run is not ready, hassle right?
Because of that credit cards are still the choice of venture capital for people who want to start a business. Unfortunately many do not have a good understanding of credit cards, both the benefits or disadvantages. For that, let’s try to review some of the advantages of credit cards.
Credit Card as Business Development Tips
The submission process is easy
For you who are curious about the credit card application process. The answer is easy. To apply for a credit card you can directly come to the bank you want.
Come directly to the customer service to open a credit card or to the relevant section at the bank.
Or you can also go to the mall because a lot of banks open credit card registration booths in the mall or a busy office area.
Then you will be asked to fill out a registration form where you have to fill in your personal data and the information of the closest people who can be contacted if it turns out your number is difficult to contact. Then it’s just a matter of time.
If your credit card application is processed, you will be contacted by the relevant bank to clarify the data that you have provided. If your credit card application is approved, your credit card will be sent to the address you provided.
Previously losing a credit card is the same as losing cash. Because it is different from a debit card, transactions using a credit card do not need to use a PIN.
Just swipe and the items you want will be yours. But now no longer, now the credit card is equipped with a PIN facility which will certainly greatly help the security of the users’ transactions.
Ease of transaction
You can use a credit card to purchase any goods/services in any store that has an EDC machine that supports credit card transactions.
How to use a credit card is very easy, almost the same as using a debit card. When making a payment, all you have to do is give the credit card to the shop clerk.
The shop clerk will swipe your credit card to the available EDC machine, then enter the nominal of the purchase you made.
After that, you will be asked to confirm the purchase by entering the PIN code or by signing the transaction confirmation sheet.
The second way you can do is make online transactions. Currently, there are many marketplaces or online stores that support online transaction facilities.
The transaction process is also not difficult, quite similar to a transaction in the store. When making a purchase, you will be asked to enter the card number and CVV number.
The CVV number is 3 digits located behind the card which is used to confirm the transaction that you are doing online.
So don’t forget to always maintain the confidentiality of your credit card CVV number. The best thing you can do is don’t tell the number to anyone and cover using colored paper.
You can also make cash withdrawals at ATM machines using a credit card. But be careful if you plan to make cash withdrawals because the interest charged by credit cards for this facility is quite high.