Business Credit Card 20 July 2018 at 1:10PM in Credit Cards 5 replies 1.6K views

Hollyb18

Hello
I was wondering for a business and needing a credit card if you would have to use a business credit card or you could get a personal card?

Does anyone know the best business credit cards with 0% on purchases?

Many Thanks

Nasqueron

You should read the terms and conditions of the card you want, I suspect a personal card cannot be used for business expenses and obvious business use. Though if you were intending on doing some initial purchases for a startup you could probably get away with personal card for 0% purchases but longer term would need to check.

I googled your question as you seem to have not done this and barclays offer a card (Select) with 6 months interest free purchases and no annual fee in the first year as an example. I'm sure if you look you can find some.

anniecave

What legal status of business? Sole trader/self employed? Partnership? Limited Company?

anniecave

Nasqueron wrote: »

You should read the terms and conditions of the card you want, I suspect a personal card cannot be used for business expenses and obvious business use. Though if you were intending on doing some initial purchases for a startup you could probably get away with personal card for 0% purchases but longer term would need to check.

I googled your question as you seem to have not done this and barclays offer a card (Select) with 6 months interest free purchases and no annual fee in the first year as an example. I'm sure if you look you can find some.

It's perfectly legal to buy something on a personal credit card then claim it back from a company or self-employed business.

Nasqueron

anniecave wrote: »

It's perfectly legal to buy something on a personal credit card then claim it back from a company or self-employed business.

What has legality got to do with this?

I didn't say you couldn't spend on a personal card and claim it back? Personal expenses are not a business issue, no-one in the right mind would expect an employee to have a business card to pay for the odd trip away on company matters.

The point I made, very clearly, is that if you are using a personal card for long term business use (i.e. running your business through it) then the terms and conditions may be in breach and you would be directed to apply for a business account.

As an example from the Halifax Clarity card:

B2.1 Keeping your card safe

You must:

• not use your card for anything illegal or for any business purpose;

Similarly from NatWest

Your account is a personal account and must not be used for business purposes

Hollyb18

Thank you very much for your replies
I!!!8217;m going to go down the business route.
Best Wishes
Holly