Ask HN: What type of Biz Credit Card do you have?

Right now I'm using American Express. I was using Visa/Mastercard for quite some time, but lately and after reviewing what it offers, American Express has been too good to pass up. What I found to be of maximum value, was its deals for shopping at selected vendors and you get three times the point for every dollar.

On a side note, like most of us, if I use a number a lot, I tend to remember it, and that goes for credit card numbers... comes in real handy when you don't have the card on your person. But switching to AE was ironic because it's not a typical 16-digit number, in fact, it's not even sixteen digits, but fifteen - but in an odd sequence(4-6-5), which I found to be interesting since every credit card I've ever used(even debit cards) have been 16 digits in groups of four numbers. :)

AMEX is one of the best cards for floating monthly expenses. Customer service is top notch, and you often get an extra year warranty on anything you buy. If you're irresponsible, prepared to get slaughtered by high interest rates that pay for these services... That said, I would not use an AMEX to bootstrap a company. You can find a better interest rate through VISA/Mastercard.

I currently use an AMEX Blue (cash back) for my personal stuff, balance is paid IN FULL every month. And we have a business checking account for the iPhone company. $5/month through Wells Fargo.

While I keep a few accounts at Wells Fargo, I bank through ING Direct. Love everything about ING, and they have great leadership. One complaint: for an online bank their web interface is freaking terrible.

Careful with ING. In November they closed my account with no advanced notice and no chance for me to make any arrangements for my money. I couldn't access my savings for 2 weeks while I waited for a paper check. I also had to wait for a paper paycheck since it was too late to change my direct deposit. When I called they said that I had taken advantage of too many of their "free" services and my account had become unprofitable. No one there, including the ombudsman, cared that they had cut me off from my money for 2 weeks or that my bills would be late.

Main Cards:

* LOC linked to a visa cc through a local credit union (highly recommend going this route.)

* Also a citibusiness cc. (pretty good for a multinational)

* 3 other credit union cc's.

Also have 2 other business loc's and many other credit cards not worth mentioning.

I used to be a very Amex heavy business. Luckily I had my other options available so when I got Amex f/r'ed last year, I was able to cancel all Amex and switch without any major cash flow issues.

I was very lucky in this respect, as Amex has jeopardized many businesses with their f/r, cdl, and verification practices. There is alot to say here, but to keep it short: If you rely on Amex for operating your business, go ahead and setup alternatives that can be switched to "just in case".

Amex is the greatest when everything is peachy, but if they decide otherwise (and this does not require late payments, breaking your cl, or any other negs) they can and will shut you off until you work with them through it. I decided this type of unreliability was not an acceptable type of relationship I needed for my business financially. Their points & cash back programs are still the best I have encountered, however.

Best of Luck!

How much do you pay for it a year?