Credit Cards

[cashnocredit]

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Ron1 wrote:

That's why they have biz cards or corp cards.

Ron.

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I suppose. Before I retired our company had a corporate Visa, but not an Amex. Most of the sales staff would use their personal Amex and get re-imbursed on the expense accounst. Exec VPs loved flashing their Amexs. They generally had Amexes before they were hired and likely kept them after they left. That damn corporate visa is one of the reasons I lost my credit history. I would use it to rent cars or hotel rooms but pay with a debit card if the usage was personal. I let my own credit cards go unused and they were eventually canceled or not renewed. Had to give up the Visa when I retired.  Lived on debit for over a decade.

I hope Amex is good about biz expenses. Even though I'm retired the bulk of my purchases, aside from restaurants, are ones that are 99% between businesses. Since I'm retired my spend pattern must be extremely unusual. But no hiccups.

Yet.

[ryanbush]

I don't think AMEX has a problem with you using you AMEX for business purchases if you work for someone and get reimbursed

i believe the issue comes when you own your own business and use a personal AMEX to purchase things like inventory and product for resale

[tubesock]

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ryanbush wrote:

I don't think AMEX has a problem with you using you AMEX for business purchases if you work for someone and get reimbursed

i believe the issue comes when you own your own business and use a personal AMEX to purchase things like inventory and product for resale

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+1

[cashnocredit]

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ryanbush wrote:

I don't think AMEX has a problem with you using you AMEX for business purchases if you work for someone and get reimbursed

i believe the issue comes when you own your own business and use a personal AMEX to purchase things like inventory and product for resale

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Makes sense. Financing your company's inventory with your personal CC is high risk. I've not seen people do that but it clearly wouldn't be something Amex or anyone else would want to encourage.

EttoA:

Of course being retired my purchases must look a tad odd.....

[trumpet-205]

There is a reason why people want to put business purchases on personal CC. You get credit card protection from personal card, backed by federal law. Business CC is not subjected under federal law and there was an intense debate between CC issuers and Congress back then for allowing so many people getting business CC.

You CAN use your personal CC for business purchase, just don't do it with AMEX.

[cashnocredit]

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trumpet-205 wrote:

There is a reason why people want to put business purchases on personal CC. You get credit card protection from personal card, backed by federal law. Business CC is not subjected under federal law and there was an intense debate between CC issuers and Congress back then for allowing so many people getting business CC.

You CAN use your personal CC for business purchase, just don't do it with AMEX.

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Could be that being "retired" any purchase one makes, even from companies that sell to other companies, is safe.

[webhopper]

I think it would be weird if my husband spent more than me on our amex. I charge work stuff and he charges gas and restaurants.

[Creditaddict]

That's what I am going to do pay it off and move on. I have a 30 k card that has never once complicated about what I charge or how much. Amex lost my business for life all I did was spend and pay like a good consumer should. I don't want to have to worry about if I am going to get fraud because I charged a certain amount If i wanna charge 29,000 dollar on my other card in one month i can I know because i have done it and PIF and you know what no one complained about it.  

As stated, This isn't your account and your credit so if to be wife was on a NPSL with internal around $1500 and AUTH calling in saying he is going to start charging business expenses (Now I really don't think it needs to be so crazy that Amex will get very upset and what not for using personal to pay business... Pretty sure that is how we got Dell or one of those computers, out of his garage on his Amex around $25k.

Anyway, Her credit may not be as steller or maybe not the income... who knows but either way saying you have $30k card and have never had ANY issues so you will never do business with Amex agian... If you applied and put in your name, you might actually experience "You don't have any issues ever!"

[webhopper]

My spending on the card is 76% of total spend.
His is 24%

Ytd spend is 25452

[Crashem]

The only thing I find unusual about what happened to op is that they are asking from his tax transcript as au.  The red flags this guy triggered makes a f/r no surprise.