If you have a business or are thinking about starting one and investing a good amount, it’s a good idea to have a business credit card.
That way, you are separating your business and personal expenses. Also, the card usually does not show up on your personal credit report and does not affect your utilization ratio. That is the amount of debt compared to your available credit, which affects your credit score. Lower utilization usually raises your score.
See the best business card offers here. This link includes cards in our affiliate network as well as non-affiliate links.
Author: Leana
Leana is the founder of Miles For Family. She enjoys beach vacations and visiting her family in Europe. Originally from Belarus, Leana resides in central Florida with her husband and two children.
Jack, thanks for stopping by! This actually has nothing to do with spending requirements, but rather the fact, that they are business cards. Which means, business expenses only. It has to do with ethical issues. And I do know about manufactured spend, though don’t personally participate in it.
Leana,
Google “manufactured spend” it’s not hard to meet spending requirements.
Feel free to drop your 2 cents anytime!
OK, fair enough. I just thought I’d drop my $.02 there 🙂
@ Andy Shuman Thanks so much for commenting. Yes, I am aware, that blogging counts as a business. That’s not the problem. The issue is: coming up with enough business expenses to qualify to get the bonus. If I find a card with low enough threshold, I will absolutely apply. Its my personal stand, I’m not telling others what to do. To me its like signing a contract, I want to uphold the terms of the agreement. And the agreement says to only use it for business expenses.
There is absolutely nothing wrong in applying for a business credit card if you have any kind of business. And yes, blogging counts. As is Ebaying, Amazoning, babysitting, garageselling and myriad of other “ings” that can require non-personal expenses. If your policy is to stay clear of business credit cards in this hobby, you’re missing half of the fun.