Using business cash back cards

[piggybank]

Hi all

I've read some very interesting ideas here about combining cards to get the best cash rebates. I have checked out some of the business credit cards with cash rewards and was wondering if it is worth taking a look at those instead. The reason is that the favorite consumer cash back card (blue cash) has a tiered structure. But for eg, the simply cash or other business cards have no tiers and still pay 5%. Is it possible to get a business card even if you have no small business? I am seriously contemplating this.

thanks for any input.

[watercooler]

I use the blue cash business card from amex. I use it for both personal and home business expense (which is not much). This is has a tiered formula. But for the first $15k in spending, I earn 2% rebates off regular use of the card. I could also earn 5% rebates with certain merchant partners of amex. I believe it is called open or something like that.

So yes, I think it is worth getting this business card cos I can't find any other consumer cash back card that pays 2% for regular use.

[uncle]

I also use a business cash reward (rebate - whatever) card. Right now, I have the blue cash and the chase business card. One of the nice things about using a business card is that you get you expenses categorized or itemized.

[aquariancore]

What kind of fees are there on these cards?

[berlinlife06]

I've always seen fees with those cards, so I rather not have any business cards... Besides, my business has practically no expenses. It's not worth it.

[SageMother]

I think the card company should require some sort of proof that there is a business ***ociated with the card. That isn't very hard to do, but it makes no sense for them to have separate account types and then not check to see an applicant qualifies.

What do***entation did they ask for?

[berlinlife06]

Originally Posted by SageMother

I think the card company should require some sort of proof that there is a business ***ociated with the card. That isn't very hard to do, but it makes no sense for them to have separate account types and then not check to see an applicant qualifies.

What do***entation did they ask for?

I think they do ask for some kind of registration of the business number, and then after looking into it, they will give you the card. I know someone that has his business "DBA" (Doing business as) with his own name, so n o need for registry, and they said he couldn't get a business card that way.

[aquariancore]

Years ago you needed to have a business account with a bank to get a business card.

[berlinlife06]

Originally Posted by aquariancore

Years ago you needed to have a business account with a bank to get a business card.

That makes more sense. It is the only way the companies wont be giving business benefits to individuals.

[SageMother]

Originally Posted by berlinlife06

Originally Posted by aquariancore

Years ago you needed to have a business account with a bank to get a business card.

That makes more sense. It is the only way the companies wont be giving business benefits to individuals.

I knew this fellow who was a handy man...not big revenue there...but he used his LLC to protect himself from some personal liabilites by running everything through the LLC and having it pay him a salary...tricky maneuver. Since all his cards were in the LLC's name he was protected from some of the problems with late payments when business was slow. The credit reflected on the LLC, and not him personally.

Something to think about.