We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Commercial Card Dilema
grae-uk
Posts: 72 Forumite
in Credit cards
Hi All, I am new to the board so i hope this is the right place to post 
I run a small business (LTD company) and use a commercial card a vast amount as we order a lot online for clients. It is only me with a card and i keep hitting my limit. I have spoken to the bank (HSBC) and they say i can increase it if i guarentee it myself. That is fine, but they wanna charge me £80 for the priviledge! Which for a small new business it is a lot of cash that i don't wanna part with!
I am wondering if Martin, or anyone on the board knows of a better commercial card? or if there is anything legally wrong with getting a personal card (i.e. one of the cash back ones would be nice) and using that..?
Any thoughts, suggestions or recommendations would be appreciated.
The other issue with the HSBC commercial card, is that..unlike my personal Credit card where i can pay off part of the balance part way through the month if i need to and then the funds are available again..on my commercial card i can't do that. The funds don't become available until the end of the month! Which is not helpful
Thanks in advanced to any replies!
Graham.
I run a small business (LTD company) and use a commercial card a vast amount as we order a lot online for clients. It is only me with a card and i keep hitting my limit. I have spoken to the bank (HSBC) and they say i can increase it if i guarentee it myself. That is fine, but they wanna charge me £80 for the priviledge! Which for a small new business it is a lot of cash that i don't wanna part with!
I am wondering if Martin, or anyone on the board knows of a better commercial card? or if there is anything legally wrong with getting a personal card (i.e. one of the cash back ones
would be nice) and using that..?Any thoughts, suggestions or recommendations would be appreciated.
The other issue with the HSBC commercial card, is that..unlike my personal Credit card where i can pay off part of the balance part way through the month if i need to and then the funds are available again..on my commercial card i can't do that. The funds don't become available until the end of the month! Which is not helpful
Thanks in advanced to any replies!
Graham.
0
Comments
-
Anyone got any thoughts..?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards