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.
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.