 Starwood Preferred Guest® Bizniss Credit Card
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Intro APR: 2.9%
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Issuer: American Express
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ADDITIONAL STARWOOD PREFERRED GUEST BUISNESS CREDIT CARD BENEFITS
Turn Starpoints into miles with over 30 frequent flyer programs3
Complimentary enrollment in the Starwood Preferred Guest program
Fee-free Additional Cards for employees — earn Starpoints on the business purchases they make4
OPEN FROM AMRICAN EXPRESS
OPENSM the small business team at American Express is all about small business. It provides you the resources to help you run your business, including:
Financing
Get unlimited fee-free Additional Cards, 2.9% APR for purchases in the first six months, and pay no annual fee.
Savings
Save at AT&T, FedEx, Hertz®, 1-800-FLOWERS.COM® and more by using your Business Card and see the savings on your statement. No coupons or codes are needed and the savings are in addition to other discounts your busienss may already receive.5
Online management
Manage your account with Summary of Accounts and track charges with Expense Management Reports.
Community
Chat, pose questions, get insights from other small business owners, and attract new business.
Advice
Ask an expert a question, use an online tool, and read articles by other business owners.
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 Apply for Starwood Preferred Guest Business Credit Card
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You’ve probably received several credit crd offers in the mail, and the outside of the envelopes scream interest rates and promotional offers to try and entice you into opening it up and looking at what’s inside. Chances are, if you have an email address, you’ve even received a few credit card offers through that address- bright colors and animated graphics trying to convince you that there card has the lowest initial interset rate, or the longest transfer balance rate of all the available credit cards on the market. All of the offers will look good at first glance; after all- that’s what marketing is about, right? According to Merriam-Webster’s online dictionary, marketing is a noun used to describe “the act or process of selling or purchasing in a market, and the process or technique of promoting, selling, and distributing a product or service.” Credit card companies are in busniess to sell you their credit cards, and they’ll use a variety of promotional materials to get your business.
The outside of your credit card offer’s envelope might say something like, “LOW 0% Initial Interest Rate on all purchases and balance transfers”, but there is much more to how a credit card’s interest rate is calculated than that statement reveals. Initial interset rates are sometimes referred to as the card’s promotional rate, or teaser rate. In all honesty, an initial intreest rate is basically the same thing for a credit card as a sale is to a retail store. Retail stores advertise their products that have a discounted price for a limited time to attempt to bring people into their establishment to buy the sale item, but also because once you are there, they hope you’ll purchase other products. Credt cards offering initial interest rates are basically putting their standard interest rates “on sale”, because for a limited time, new cardholders will receive a lower than usual rate on purchases, and sometimes also on any balance you transfer from one of your other credit crads onto this new card. What you need to understand about initial intreest rates is that they really are “for a limited time”, and just as you couldn’t go to your favorite store and buy items this month for the sale price that was offered the previous month, you can’t extend a crdeit card’s initial intrest rate beyond the terms they specify (often found in the small print!) What you’ll want to look for in the text of the materials that were sent with the initial intrest rate cards promotional documents is reference to the cards ongoing annula percentage rate (APR). This is the interest rate that you will pay once the initial interest rate period has passed. (The regular price of an item after the sale has ended!)
Initial imterest rates will also come with terms of agreement, in the form of a contract, which give reasons as to how or why the rate might be terminated by the credit lender. The most common reason to terminate the initial imterest rate offer is for making a late payment on your card, and if you read the fine print of the credit card agreement- you’ll note that it states this very clearly. In order to keep the promotional, lower rate for the time specified by the crdeit card lender, you must make every payment on time. If you are late with a payment, you can expect the interest rate to jump to the ongoing ARP, or in some cases, higher because you have defaulted on your contract agreements, so do everything you can to make sure your payments are made on time.
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