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0% BT offers on existing Ink+

TortoiseWins
Senior Contributor

0% BT offers on existing Ink+

I continually receive 0% offers on my Ink+ that has a nice CL. I currently use it for a relatively small amount of recurring charges and things like office supplies. 

 

I need to take advantage of SOME BT offer and I'm trying to decide if I should use this. Let me know what I'm missing: 

 

Pro: 

Not on personal credit

2% fee (others I'm considering are 3%)

 

Con: 

Can't use card for current charges

Can't segragate business charges (ironically I'm just starting to do stuff for my business, even though I got the card over a year ago)

Probably technically bad since the BT$ isn't for business stuff

 

TIA

 

Message 1 of 4
3 REPLIES 3
SouthJamaica
Mega Contributor

Re: 0% BT offers on existing Ink+


@TortoiseWins wrote:

I continually receive 0% offers on my Ink+ that has a nice CL. I currently use it for a relatively small amount of recurring charges and things like office supplies. 

 

I need to take advantage of SOME BT offer and I'm trying to decide if I should use this. Let me know what I'm missing: 

 

Pro: 

Not on personal credit

2% fee (others I'm considering are 3%)

 

Con: 

Can't use card for current charges

Can't segragate business charges (ironically I'm just starting to do stuff for my business, even though I got the card over a year ago)

Probably technically bad since the BT$ isn't for business stuff

 

TIA

 


IMHO your business card should just be for business purposes.

 

In Chase's opinion too. They well might close your account if you use it for non-business purposes.

 

And in your accountant's opinion, too.

 

 


Total revolving limits 699000 (597000 reporting) FICO 8: EQ 718 TU 721 EX 698

Message 2 of 4
inverse
Established Contributor

Re: 0% BT offers on existing Ink+

If you have a real business and understand a balance sheet, there are no issues with the BT

Message 3 of 4
Backwoods
Senior Contributor

Re: 0% BT offers on existing Ink+

Keep putting personal charges on a biz card and you will have an accounting disaster.  You may very well end up with constructive divedends.(depends on type of enity)   A very nasty tax topic. Biz charges  go on biz cards  personal charges go on personal charges and never shall they be comingled. Biz cards are very picky about using them for personal use. 

Message 4 of 4
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