Sentences with phrase «on your business credit card»

The flexibility of interest rates on a business credit card is something that you would not deal with if you had a loan or fixed line of credit.

You can try to boost your score by reducing the balance on your business credit cards or requesting a credit - line increase to lower the percentage of your available credit in use.

Don't put your personal spending on your business credit card.

If you do happen to incur interest from carrying a balance on a business credit card, be sure to note it on your tax form — it counts as a business expense.

If you or your employees do a lot of traveling for your business, you may be able to make good use of the travel protections that frequently come on business credit cards.

But regardless of your company's legal structure, you will almost always be personally liable for the charges on your business credit card.

These personal guarantees mean that you will always have to pay the charges on your business credit card account.

Compared to business lines of credit, credit limits on business credit cards are also generally lower and interest rates are generally higher (especially on cash advances).

Taxes get a little trickier when it comes to earning rewards on business credit cards.

This is not, however, the longest zero interest period we've seen on a business credit card — that honor goes to the Ink Business Cash ℠ Credit Card at 12 months.

The rare case when an officer or owner of a business is not personally responsible for the purchases made on a business credit card.

For growing businesses, credit cards have become an essential financial management tool and the issuers have been raising the bar on their business credit card features, benefits, and rewards as they compete in the ever - expanding business credit card market.

Additionally, making on time or early payments on a business credit card will help your business build its credit so that your business can secure better terms with vendors and suppliers, government and high profile private contracts, and the right business financing at the right price.

Instead, you'll have to rely on business credit cards, borrowing from friends and family, crowdfunding, personal loans or a microloan from a nonprofit lender.

Entrepreneurs who go crazy racking up expenses on the business credit card could hurt their company's reputation and its credit score, which could affect its ability to borrow in the future.

$ 500 monthly credit card spend is calculated by looking at all of your Fifth Third Credit Card accounts and adding the total amount spent on any business credit card statement (s) issued within the last 35 days (excludes Professional Card).

The interest you pay on your business credit card purchases is fully deductible, as long as the purchases were business - related.

Businesses will spend much more than this, which is why this is a popular category on business credit cards and not on personal credit cards.

This was helpful several months ago when someone made unauthorized charges on my business credit card: I was able to see the transactions instantly on my Mint page and contact the creditor before lots of damage was done.

Whether this card is right for you will depend on your business and how much of a balance you think you'll be carrying on your business credit card.

You do personally guarantee that you'll pay back debt on your business credit card, but Chase still needs to do its due diligence.

But, if you refuse to make payments on your business credit cards at the right time, this can damage your personal credit.

In addition, credit limits on business credit cards are much higher than with consumer cards.

Ramping up spending on a business credit card is also useful to the company because it incurs rewards or cash back.

While you can't deduct the interest you've had to pay on your personal credit cards, you may be able to deduct processing fees you incurred on your business credit cards for purchases or services that you needed to run your business.

It's a common feature on business credit cards to attract new customers, and thanks to the CARD Act, the introductory periods can't be any less than six months, though you can find offers for a year or longer.

Maxing out business credit card less damaging to score — Spending the monthly limit on your business credit card is one way to rack up rewards.

Maxing out business credit card less damaging to score — Spending the monthly limit on your business credit card is one way to rack up rewards.

Miles earned through spending on business credit cards can be applied to free business travel or given to employees for personal use.

If you do happen to incur interest from carrying a balance on a business credit card, be sure to note it on your tax form — it counts as a business expense.

Don't put your personal spending on your business credit card.

You'll find the usual purchase protections on your business credit card, including insurance against theft and damage for items purchased with your card, extended warranty, price guarantees and the ability to return any item within a designated time frame for a full refund.

This means that entrepreneurs who skip payments on business credit cards taken out in their names will see their personal three - digit credit scores fall.

Do you spend at least $ 1,667 per month on your business credit card?

However, you don't necessarily have to commit to a $ 175 annual feel — or a $ 10,000 initial spend — in order to maximize rewards on a business credit card.

American Express imposed once per lifetime rules on business credit cards and also added new language to certain co-branded credit cards to stop «gaming.»

I only see the offer on my Amex OBC, but I don't see the offer on my business credit cards that I have, the Gold and Platinum.

Just remember to continue to use your personal credit card for personal expenditures, as putting nonbusiness expenses on a business credit card can make it difficult to keep track your expenses separately.

It's a common feature on business credit cards to attract new customers, and thanks to the CARD Act, the introductory periods can't be any less than six months, though you can find offers for a year or longer.

The absolute best credit card reward signup bonus right now is offered on a business credit card.

The business owner is personally responsible for the debts on a business credit card account.

Visit our list of the best credit cards to apply for to see more information on business credit cards.

Southwest is currently offering 50,000 point sign up bonuses on its two personal credit cards and 60,000 point bonus on its business credit card.

As a primary account holder, you're still personally liable to pay back all charges on your business credit card.

While Chase has not made any public signup bonus increase on their business credit cards for Small Business Week, they are now sending out targeted emails with a higher offer on the INK Preferred card:

«Business card issuers have discretion in how they set their terms and conditions,» she says, adding that some, but not all, issuers have adopted practices similar to those outlined in the CARD Act on their business credit cards.

Just because you're on a business trip doesn't mean every expense belongs on your business credit card.

If you find yourself with a big balance on a business credit card, follow this road map to better financial ground:

Whether you're running a one - person shop or a burgeoning small company, here are eight expenses you don't want to charge on your business credit card:

Did the balance on that business credit card you got to furnish your office or buy plane tickets to a conference quickly get out of control?