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Applying for Business Credit Cards [Consolidated]

Applying for Business Credit Cards [Consolidated]

Old Apr 10, 17, 6:17 pm
Join Date: Jan 2014
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Originally Posted by sdsearch View Post
It's up to you.

Ie, the bank itself doesn't care much.

For some people, it may be their own accounting of different expenses which will get messed up if they do that. But if it doesn't mess up your accounting, then there's no problem with it there.

Another question is do you present the card in person to suppliers, and if so will they be confused to see a different business name on the card? If not, then that wouldn't be an issue either.

Another possible issue is mailing confusion. Ie, if you use a third-party mailbox service, and you tell them you're no longer "business A", only "business B", but the bank keeps sending correspondence addressed to "business A", make sure those don't get lost.

Finally, make sure there's not phone confusion either. That's the one place where the bank might confused, if the bank is trying to call about "business A", doesn't know that you're now "business B", and you answer the phone only with "business B" and not with your name, then the bank may think that the phone number they have for you is incorrect. But if your contact number for the card is your own personal phone, that shouldn't be an issue.

And while banks may "prefer" that you use business cards for business purchases, in practice they don't seem to care if you use business cards on personal expenses, or personal cards on business expenses. The one thing to keep in mind is that most business cards (other than Capital One) don't report to credit bureaus, so if you get to high utilization on a business card, it shouldn't affect your credit the same way high utilization on a personal card might. So that's one reason to sometimes use a business card over a personal card on larger purchases.
Thanks, that means it doesn't matter that much.
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