Credit Card Reform?

You may or may not have read about the new credit card rules deigned to regulate credit card companies and protect consumers.  The reformed Truth in Lending Act has been a hot topic amongst many small business owners, for good reason, and today, the rules have officially kicked in.  Small business owners, however, may not be so ecstatic about this, because though this may be good news for consumers credit card holders, this may be horrible news for business credit card holders as many credit card companies may be trying to make up for losses by way of cutting lines of credit, raising interest rates and closing accounts on business credit cards, as business credit cards are not protected through this act.

This leaves many small business owners who use business credit cards in a difficult predicament, with the need to search for yet another suitable business funding method.

*Do you use credit cards for your business?