Business Credit Card

in Credit Cards
5 replies 1.6K views
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

Replies

  • NasqueronNasqueron Forumite
    7.7K Posts
    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.
    the concept of a United States of Europe is right.” Winston Churchill 1930
    I think that the Government are right to apply to join the European Economic Community...” -Winston Churchill 1961
    “The future of Europe if Britain were to be excluded is black indeed.”[FONT=&quot][FONT=&quot][FONT=&quot] - Winston Churchill 1963
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  • anniecaveanniecave Forumite
    2.4K Posts
    Part of the Furniture 1,000 Posts Combo Breaker
    What legal status of business? Sole trader/self employed? Partnership? Limited Company?
    Indecision is the key to flexibility :)
  • anniecaveanniecave Forumite
    2.4K Posts
    Part of the Furniture 1,000 Posts Combo Breaker
    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.
    Indecision is the key to flexibility :)
  • edited 21 July 2018 at 10:02AM
    NasqueronNasqueron Forumite
    7.7K Posts
    edited 21 July 2018 at 10:02AM
    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
    the concept of a United States of Europe is right.” Winston Churchill 1930
    I think that the Government are right to apply to join the European Economic Community...” -Winston Churchill 1961
    “The future of Europe if Britain were to be excluded is black indeed.”[FONT=&quot][FONT=&quot][FONT=&quot] - Winston Churchill 1963
    [/FONT][/FONT][/FONT]
  • Hollyb18Hollyb18 Forumite
    2 Posts
    Thank you very much for your replies
    I!!!8217;m going to go down the business route.
    Best Wishes
    Holly
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