Originally Posted by
TonyGi
Hello,
First post here (don't know if in correct section).
I'm trying to find out what could be a good card for my needs, spending between 750 and 1 mil per year on business credit card what would be a good choice?
Thank you so much
Edit for more details:
Is a catering company (Florida based), category are very different. Machinery, travel, hotels, rent car/trucks, food, gas. Maybe something that i can also get a personal credit card.
Before you get too excited about all the earned points/miles on the card, keep this in mind.
IRS has (so far) maintained that miles/points earned through personal spending are not taxable. However, the situation is different for the business spending. Business expense cost basis should be reduced by the value of miles/points you are earning. So, in effect you'll be paying taxes on the rewards you are getting from the credit card used for the business expenses
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