Can I use a personal credit card for business expenses? This question is about Credit Cards

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. Why You Shouldn’t Use a Personal Card for Business Expenses 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. Business cards offer better signup bonuses. And their rewards are tailored to better fit a company’s needs and requirements. 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. 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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Can I use a personal credit card for business expenses?

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This question is about Credit Cards

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Maria Adams, Credit Cards Moderator

@m_adams • 01/20/23 This answer was first published on 05/12/21 and it was last updated on 01/20/23.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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.

Why You Shouldn’t Use a Personal Card for Business Expenses

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.
Business cards offer better signup bonuses. And their rewards are tailored to better fit a company’s needs and requirements.
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.
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.

Answer Question

Can you redeem business credit card rewards for personal use?

Yes, you can redeem business credit card rewards for personal use. However, there are reasons you may not want to. After all, business credit cards are designed with business owners in mind, so the cards’ rewards and benefits are geared more toward business needs than consumer needs.

What You Should Know About Business Credit card Rewards

Business credit card rewards are deductible expenses: Credit card rewards are generally not taxable, but the...

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Should I get a business credit card?

You should get a business credit card if you own a small business and have good or excellent personal credit. Business credit cards are worthwhile for qualified applicants because they offer generous rewards, help separate business and personal expenses, provide high credit limits, and have flexible authorized user policies.

Business credit cards also come with a variety of business-specific benefits and features that can make your life easier and your business better. So, even though many...

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What's the best personal credit card for business expenses?

The best personal credit card for business expenses is the U.S. Bank Cash+® Visa Signature® Card because it has a $0 annual fee and gives an initial bonus of $200 cash back for spending $1,000 in the first 120 days. Cardholders also earn 1 - 5% cash back on purchases.

Specifically, you can get 5% cash back on two categories of your choice (up to $2,000 each quarter), 5% back on prepaid air, hotel and car reservations booked in the Rewards Center, 2% on your choice of one everyday category (like gas stations, grocery stores or restaurants) and 1% on all other purchases. The bonus categories list is subject to change, and cardholders have to sign up for the categories every quarter before the bonus rewards kick in. But a savvy business owner or employee can choose the ones that fit...

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