Yes, you can use a personal credit card for business expenses, there’s no law saying otherwise. But just because you can, it doesn’t necessarily mean that you should do it.
Personal credit cards mostly have lower credit limits. This means you wouldn’t be able to make big purchases. On the other hand, business cards generally have higher limits but also offer better signup bonuses. And their rewards are tailored to better fit a company’s needs and requirements.
Besides, using a personal credit card to pay for your business’s expenses can create confusion when looking at your monthly statement. For example, it might be hard to spot all the tax-deductible purchases when they are mixed with personal ones.
And when it comes to credit scores and credit history, a personal credit card won’t build your business’s credit.
That said, you can certainly use a consumer card for business expenses if you wish. But if you’d rather apply for a card that better suits your company’s spending habits, check out our editor’s latest picks for the best small business credit cards.
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