The technology and search engine giant recently announced that they would soon be offering Google AdWords Business credit cards to select U.S. advertising clients.
The new business credit card will soon offer credit lines to customers with no annual fees, and an interest rate of just 8.99%. But this isn’t your typical credit card. The card is only good for purchases made on Google advertising. This is the first time that Google has ventured into the world of vendor financing.
Google recently send out an email to current advertisers with information on the new business credit card as a means of beta trial testing to see how the market will respond to the new card.
Currently, Google receives 96% of the company’s revenues from advertisements.