Re: Chase Ink Bold and the UR Points Churn Begins
11-15-2012 05:57 AM
you shouldn't be charging inventory on a credit card. If I was your card issuer, I'd shut you down in a heartbeat for that.
You need to develop business credit and get some net15 ot net30 accounts with your suppliers. Step one is to register with Dun and Bradstreet.
Business credit can take quite a while to establish, and no one wants to be the first. I use credit cards for all of the inventory I purchase and have not had any issues yet. With some margins being so thin, an extra 2% helps a lot. Having cards with no interest help a lot because I can charge and not have to worry about it for a year. If I didn't use cards, I would not have sold anywhere near as much as I have already.