Can you explain how the Credit Card Accountability Responsibility & Disclosure Act will affect small business owners? The Credit Card Accountability Responsibility & Disclosure Act, which took effect Feb. 22, applies to consumer credit cards — not to business credit cards. The new law requires:

The Credit CARD Act does not apply to small-business credit cards. What can business people do?

A reward credit card says a lot about the person who wields it. Gas-station card? Road warrior. Airline-miles card? Vacation lover. Cash-back reward card? Penny pincher. (What does my college-savings reward card say? Tuition-fee obsessor.) Most reward-card programs work like this: Buy something with the card and get a percentage of that purchase back in the form of free stuff or a cash rebate ...