What is a Business Credit Card and How Does it Work?
Be sure to review your credit card agreement to understand which entities your debts and payments will be reported to and the timing of those reports. Although the deposit is in the hands of the credit card issuer as security in the event of default by the consumer, the deposit will not be debited simply for missing one or two payments. Usually, the deposit is only used as an offset when the account is closed, either at the request...