Personal Credit Cards For Business

The best cards for cash back. First of all the card act of 2009 provides a number of legal protections to users of personal credit cards legal protections that don t apply to business card users. Fortunately you can find a handful of business credit cards that are available to business owners with fair or limited personal credit.

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According to mike pearson founder of credit takeoff most business credit card issuers will make you sign an agreement where you agree not to use your business card for personal expenses.

Personal credit cards for business. Business credit cards are simply credit cards designed for business use rather than personal use. While business credit cards function a lot like personal credit cards they are unique in a few ways. Most business credit cards for startups offer cheap introductory and ongoing financing. Plus you won t have to pay annual fees on the cards included on this list.

If you use a personal card you can t have your introductory apr revoked before six months have passed nor can you be charged excessive fees for minor infractions. One major difference to keep in mind is that many small business credit card issuers report your business credit activity to both consumer and commercial credit bureaus. Access cheap financing and minimize credit card costs. If you can t get a business credit card without a personal guarantee your only credit card option would be a standard small business credit card.

Conversely personal credit cards don t report to business credit bureaus so they don t help build your business credit. Compare business credit cards. Most embryonic businesses will want to select a personal credit card with a solid all purpose rewards program. Cards that require a personal guarantee will also require a personal credit check and subpar personal credit can definitely have a negative impact on your business credit card application.

The following cards can help you maximize your profits on the everyday purchases you make for your budding business whether you re spending on gas for your car paint for your office printer paper or new client lunches. The only way it can affect your personal credit is if a card issuer does a hard pull when you apply for the card.