Best business use credit card

[Big Dad]

Doesn't opening another card just lower my credit rating ?

I am working on buying a large land purchase

(Big to me, not to most here )


I don't want to jack that deal up

[YALE]

One more time though: you should really push back on this. Business related expenses are the responsibility of the business, and a shop that wants you to foot the bill smells like one that at best isn't running above board, and at worst has money problems. Don't do it, if you can get away with it. If you shell out on a personal card, and they decide to fuck you, you are all the way fucked.

[YALE]

Doesn't opening another card just lower my credit rating ?

I am working on buying a large land purchase

(Big to me, not to most here )


I don't want to jack that deal up

Not necessarily, but building up and paying a big balance off every month will definitely skew it. Don't do it.

[Big Dad]

So, charge $2500.00

Pay $2500.00

will be a no-no

so, how does a 1% cash back deal help me in anyway?

[YALE]

No, that won't hurt you. Just having a big balance on your credit at any one time might mess with it, even if you pay it off directly afterward. A 1% cash back deal will pay you to use the card.

[Cooter]

Doesn't opening another card just lower my credit rating ?

I am working on buying a large land purchase

(Big to me, not to most here )


I don't want to jack that deal up

things get fucky really quick when trying to secure a big loan if your D/I fluctuates a lot. opening another line of credit doesn't necessarily hurt, but most lenders on large loans don't like waves within 6 months of closing

[Cooter]

So, charge $2500.00

Pay $2500.00

will be a no-no

so, how does a 1% cash back deal help me in anyway?

if you're spending $2400/mo on the company dime, that's $28.8k... 1% cash back = $2880 in your pocket at the end of the year

[YALE]

if you're spending $2400/mo on the company dime, that's $28.8k... 1% cash back = $2880 in your pocket at the end of the year :d

$288

[slow99]

lolz

[bcoop]

I'll disagree with Amex. It's what I use. Rewards on my Corporate card aren't very good, IMO. Not compared to the cards some of my coworkers use, anyways. AmEx is also not as widely accepted as MC/Visa. Not a problem with hotels, chain restaurants, and gas stations. My job takes me to the boonies quite a bit, and it is a problem at Mom & Pop places. I have to use my personal card maybe 7-10x/month for that reason.


I also disagree with Yale on pushing back on this. If you're secure in your job, get your own card, and choose the rewards that will benefit you the most.


Edit: Disregard my last statement. If they take six weeks to pay an expense check, tell them you need a company card. Screw that. I get mine in 10 days.

[Big Dad]

if you're spending $2400/mo on the company dime, that's $28.8k... 1% cash back = $2880 in your pocket at the end of the year

True, if all goes as planned ..but, I think I'll need to hold balance some to keep the credit card not reporting quick pay and I most likely will need to use my funds to keep it current since I doubt they will pay week to week


In other words as i see it , they are using my money

but, maybe I'm just being an old grouch

[Cooter]

$288

and then there's that! LOL

[Cooter]

True, if all goes as planned ..but, I think I'll need to hold balance some to keep the credit card not reporting quick pay and I most likely will need to use my funds to keep it current since I doubt they will pay week to week


In other words as i see it , they are using my money

but, maybe I'm just being an old grouch

don't need to hold a balance... if you're paying your shit, it shines favorably. Just don't forget a decimal point at ANY point!

[Big Dad]

I mean that

I won't be repaid for company expense within 30 days ..

Not all the time I won't for sure

(sure have not up to this point anyway)

Cash purchases have always been up to me

Donuts for work crews,maintenance on vehicle,parking ..etc


it is typically about $150 a week up to now on cash tickets

[Cooter]

I've had to wait a few weeks on expense reports... sucks, but if it comes down to it that it's costing you interest, you can charge them