Business Credit Card Options

Nathan Riley
Nathan Riley used Ask the Experts™
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I've been researching credit cards the past couple of days and there are so many different choices.

I see AMEX is highly recommended, higher yearly fee, along with Chase INK. Card is paid in full each month so interest rates don't matter.

I don't travel much for business. The business is all Web Consulting.

Any suggestions on what you recommend or to stay away from?

Thanks
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Business Consultant (Owner)
Most Valuable Expert 2012
Expert of the Year 2018
Commented:
I don't travel much for business. The business is all Web Consulting.

I have my own business and have had for 15 years. I am a one person business, so I do NOT get Corporate Credit Cards. I do not see a reason to do so.

I have major bank Master Card and Visa which are free and an American Express card which I pay for - all personal.

I charge whatever expenses both business and personal to these cards. At the end of each month, I record the business expenses in my business ledger, and pay the expenses to my personal account.

This is the least fuss and the easiest way to do things without the complication of a corporate card (for which you may have to provide financial statements).
Nathan RileyFounder

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Commented:
I have a southwest card but as I'm starting to use quickbooks trying to separate personal from business is quite the task. So if I'm going to open up a separate one I wanted something that would be worthwhile.

I see the AMEX gold card offers 3x points on software and cloud services purchases.
JohnBusiness Consultant (Owner)
Most Valuable Expert 2012
Expert of the Year 2018
Commented:
I use QuickBooks myself.

I set up a Vendor called Credit Card Expenses. I record expenses by account as I incur these. This is easy and at this point, exactly the same as entering expenses for a Corporate Card.

At the end of a month, I pay the Credit Card Expenses bill - to my personal account.

So for the SAME amount of effort:

1. Personal Credit Cards, enter Credit Card Expenses, pay my own account.
2. Corporate Card, enter Credit Card Expenses, pay the card supplier.

Your choice really.
JohnBusiness Consultant (Owner)
Most Valuable Expert 2012
Expert of the Year 2018

Commented:
Thank you and good luck with recording credit card expenses.

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