The series launches with an overview of the attributes, rewards and annual fees of 53 small business credit cards.
Insight announced the release of a new series of research reports focused on
the credit and charge card offerings currently available to small business
owners. On a monthly basis, Corporate Insight, a provider of competitive
intelligence in financial services, will evaluate the current card products and
online services provided for small business clients through its new Small
Business Card Monitor subscription service.
series launches with a detailed overview of the attributes, rewards and annual
fees of the 53 small business cards now offered by American Express, Bank of
America, Capital One, Chase, Citibank, Discover, U.S. Bank and Wells Fargo.
Future reports will track the online account management capabilities offered to
small business card owners, as well as changes to products and services as they
occur, such as the recent launch of the Chase mobile application
next report in the series will focus on the ways credit card companies allow
customers to request an employee card and the various steps in the process
compared firm-to-firm. The company also offers monitoring services that cover
the entire online financial services spectrum-including annuities, brokerages,
banking, mutual funds and credit card services.
to the U.S. Office of Small Business Administration, about 50 percent of all
U.S. employees work for a small business, and small businesses pay 44 percent
of the nonfarm U.S. private payroll, based on research from the U.S. Department
of Commerce and the U.S. Department of Labor. Corporate Insight said it is up
to credit card companies to provide these businesses with tools and rewards
that best suit the needs of each individual business.
you're a small business owner, you know that a credit card is essential to
maintaining monthly cash flow. Fortunately, the wide variety of cards available
today means that most small business owners should be able to find a card that
meets their needs," said Alisson Andrade, senior analyst of Small Business
Card Monitor at Corporate Insight. "Through Small Business Card Monitor,
we will provide the industry with a first-hand view of the customer experience
along the lines of what we have done with our Credit Card Monitor service. We
will benchmark the major issuers' small business card offerings and provide
continuing coverage of this important market segment."
said she believes that small business card users must have access to robust
account information online to effectively monitor business expenses and
employee spending habits, and the high dollar amount typically associated with
running a business also means card rewards are achieved faster and many
companies tailor awards to the needs of their small business.
Nathan Eddy is Associate Editor, Midmarket, at eWEEK.com. Before joining eWEEK.com, Nate was a writer with ChannelWeb and he served as an editor at FierceMarkets. He is a graduate of the Medill School of Journalism at Northwestern University.