@Janneman wrote:
@Citylights18
Thanks for the reply. I am planning to use my Chase Ink Cash and US bank Triple Connect business cards. Both these accounts opened just 2-3 months ago , and I never have any prior history with them either.
I do have so many personal and business cards...many of them offer % APR including Anex Gold... However, the only reason I am thinking to use above said cards because I need to have big spending to avail the bonus... and suddenly wedding came up in the family... So, I thought there is no better chance than this one to do required spending especially when time is running out...But on the other hand, I dont wanna get my accounts shut down because of buying jewerly on business cards...
Its about the scale of what you are trying to purchase.
$250 is peanuts.
$2500 is a bag of peanuts
$25000 you will definitely be called by Chase/US Bank under the pretence it may be fraud.
That would be more my concern than putting indivdual expenses per say on a business card. The real reason to get a business card is to avoid having business expenses flood up your personal credit. It is to help you and there is no way to pick apart the crossvoer categories on gas or dining.
Where I think you can get into the trouble is if you are writing off the jewerly or other personal expense as a business expense as a tax deduction. Depending on your business it may be tough to get tax deductable value out of it. I know that I am so tax optimized myself I don't even think I can get a write off for my business loan, let alone for a personal expense.
I can say when I was trying to make my SUB for my second Ink card that it was coming right down to the wire. To make it happen I purchased $1500 in materials in advance, most of which I used in the week after the SUB hit. Part of your problem it seems is you are trying to make the SUB on two cards which is more difficult to juggle. Sometimes I've gotten stuck with a second card thinking the first one might not come through.
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