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Using Personal Card for Business?

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Anonymous
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Using Personal Card for Business?

My company allows their employees to use their own credit card for company purchases and reimburses us within seven business days via live check. I spend about $5k to $7k a month on business expense with about half of it going towards EZ Pass (travel expense?) and the rest on resteraunts, meals, office repairs, parking tickets, and online advertisements. 

 

I was looking at a business card but you need to enter information about the business and such. I was wondering how that worked. I would want to reap the benefeits of rewards and improve my credit. The amount I spend on travel and dining each month it makes sense to get the CSR card I am assuming. 

Message 1 of 5
4 REPLIES 4
imaximous
Valued Contributor

Re: Using Personal Card for Business?


@Anonymous wrote:

My company allows their employees to use their own credit card for company purchases and reimburses us within seven business days via live check. I spend about $5k to $7k a month on business expense with about half of it going towards EZ Pass (travel expense?) and the rest on resteraunts, meals, office repairs, parking tickets, and online advertisements. 

 

I was looking at a business card but you need to enter information about the business and such. I was wondering how that worked. I would want to reap the benefeits of rewards and improve my credit. The amount I spend on travel and dining each month it makes sense to get the CSR card I am assuming. 


Business cards are meant for business owners, not for people who work for a company and get reimbursed for business expenses. That's why you need to enter the actual business info. 

You don't even need a business card if you own a business, but there are some benefits to it.

You can use the CSR for those business expenses. It looks like you'd get a ton of points from doing so. EZ Pass does code as travel, so that's a big win for you. I'm just a little curious. I use EZ Pass often, but how in the world do you spend $2.5k to $3.5k a month??? That's a lot!

Message 2 of 5
sdsoccerdad
Established Contributor

Re: Using Personal Card for Business?

I was wondering the same thing about ez pass. I spend $40-100 and I’m pissed!!
Personal Cards:


Business Cards:

Started my journey in the high 500's 10/1/2016
Current Fico: EQ:740 | TU:757 | EX:775
Message 3 of 5
MyDataMyChoice
Valued Contributor

Re: Using Personal Card for Business?

Why not get a EZ Pass thru your work.. or have them bill your work directly?  





Message 4 of 5
KELSTAR
Regular Contributor

Re: Using Personal Card for Business?


@imaximous wrote:

@Anonymous wrote:

My company allows their employees to use their own credit card for company purchases and reimburses us within seven business days via live check. I spend about $5k to $7k a month on business expense with about half of it going towards EZ Pass (travel expense?) and the rest on resteraunts, meals, office repairs, parking tickets, and online advertisements. 

 

I was looking at a business card but you need to enter information about the business and such. I was wondering how that worked. I would want to reap the benefeits of rewards and improve my credit. The amount I spend on travel and dining each month it makes sense to get the CSR card I am assuming. 


Business cards are meant for business owners, not for people who work for a company and get reimbursed for business expenses. That's why you need to enter the actual business info. 

You don't even need a business card if you own a business, but there are some benefits to it.

You can use the CSR for those business expenses. It looks like you'd get a ton of points from doing so. EZ Pass does code as travel, so that's a big win for you. I'm just a little curious. I use EZ Pass often, but how in the world do you spend $2.5k to $3.5k a month??? That's a lot!

 

I imagine truckers could easily do that much in a month in the right part of the country. 

 

 

 

Signature as of 10/01/21. Clean file. MYFICO 3B. I live in Green Bay, Wisconsin for those tracking what credit bureau is pulled by location.
FICO 8 EQ=796 TU=799 EX=801
FICO 9 EQ=816 TU=816 EX=813
MORTGAGE SCORES EQ=773 TU=782 EX=787
AAoA=4Y3M AoOA=11Y4M AoYA=5M
VANTAGE SCORES EQ=825 TU=813 EX=813
BUSINESS CREDIT SCORES. Formed LLC 6/1/18. YEARLY SALES=3M
EXPERIAN BUSINESS CREDIT SCORE=77 EXPERIAN FINANCIAL STABILITY RISK RATING=1 SMALL BUSINESS SCORE SERVICE SCORE=210 D+B=80
HARD PULLS last 12 months EQ=1 TU=1 EX=1 Three new accounts reporting.
HARD PULLS last 24 months EQ=1 TU=2 EX=2 Four new accounts reporting.
INCOME=$290k as of 10/01/21 for income stated on applications. DTI=2.5% Business sales 300k monthly.
MAIN BUSINESS and PERSONAL BANKING=CHASE
MORTGAGE=800K 03/21 2.25%
INSTALLMENT LOAN. Vehicle loan opened 08/18. Zero down. 45K at 0% for 60 months LINCOLN FINANCE.

OPEN PERSONAL ACCOUNTS/OPEN DATE
DISCOVER=34k 10/17 CITI COSTCO VISA=16k 06/18 US BANK CASH+=7k 06/18 PENFED PLATINUM REWARDS=10k 07/18 CHASE FREEDOM=10k 07/19 CHASE SAPPHIRE RESERVE=14.1k 09/20 AMEX PLATINUM= NPSL 04/21 AMEX HILTON SURPASS=10k 05/21

OPEN BUSINESS ACCOUNTS/OPEN DATE
CHASE INK CASH=10k 07/18 AMEX MARRIOT BONVOY=10k 02/19 CHASE INK UNLIMITED=10k 09/19 US BANK BUSINESS CASH=29k 10/19 WELLS FARGO BUSINESS PLATINUM=20k 11/19 AMEX LOWES BUSINESS=15k 11/19 AMEX BLUE BUSINESS PLUS=35k 02/20 CHASE INK PREFERRED=50k 07/20 AMEX BUSINESS GOLD=NPSL 09/20 AMEX BUSINESS PLATINUM=NPSL 05/21 CHASE BUSINESS LINE OF CREDIT= 225k 09/21
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