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I've always wanted to know..

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xgac12x
Established Contributor

I've always wanted to know..

I think I might've seen this before but I was just wondering.

I have an LLC that a business partner and I set up a while back, which has and never had any income. I thought it would be cool to have a business Amex, but would I have to PG it and show the business income as my personal income that I currently make? And would I be able to just use it for personal expenses?

I'm not going too, as I just acquired a couple new cards (which I am overly happy about). But I am just curious. Thanks
CARDS: CAPONEQUICKSILVERONE - $3,000.00
Message 1 of 3
2 REPLIES 2
Creditaddict
Legendary Contributor

Re: I've always wanted to know..


@xgac12x wrote:
I think I might've seen this before but I was just wondering.

I have an LLC that a business partner and I set up a while back, which has and never had any income. I thought it would be cool to have a business Amex, but would I have to PG it and show the business income as my personal income that I currently make? And would I be able to just use it for personal expenses?

I'm not going too, as I just acquired a couple new cards (which I am overly happy about). But I am just curious. Thanks

yes you would have to PG it and would use personal income.

Message 2 of 3
myjourney
Super Contributor

Re: I've always wanted to know..


@xgac12x wrote:
I think I might've seen this before but I was just wondering.

I have an LLC that a business partner and I set up a while back, which has and never had any income. I thought it would be cool to have a business Amex, but would I have to PG it and show the business income as my personal income that I currently make? And would I be able to just use it for personal expenses?

I'm not going too, as I just acquired a couple new cards (which I am overly happy about). But I am just curious. Thanks

The PG is a given for all business CC's 

Yes Amex and Chase both check for valid business

I would also recommend you keep personal and business expenses separate 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 3 of 3
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