Best Credit Card For PPC Expenses
- Thread starter invisible777
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I use many, but I only use corporate cards with high limits that don't report on personal credit.
I've been using personal cards to quickly build my credit. It's only been a few years since I got my first credit card, but thanks to my business expenses on my personal card (that get paid off at the end of each month, no balance carried from month to month), I now have an extremely good credit rating/score, and a credit limit that leaves many of my peers envious and wondering how it's so high. Now that my credit has been extremely well established, it might be time for a business credit card, but up until now, the personal card has done wonders for my personal credit.
lol only reason i'd ever pay $4,500 for a black card would be to just post a picture of me with it...other than that take a zero off the annual fee and you've got the platinum card.
The reason I don't use personal cards is the utilization % can be a score killer. Not that I dont pay it off, but even if you pay it off in full every month the high balance reports. This can be good for some things, like maybe getting higher limits. But if you do what I do and put $24,000 on a $25,000 limit card it might cause rate jacking and score decreases on the personal side. Whereas on the business side, it's to be expected and some banks really like it. Whatever works, though.
The utilization % is a double-edged sword - It's hard to improve your credit score without utilizing and paying off your current lines well, but the high utilization hurts the score in the short term (though not by too much). I went from a $1000 credit limit to a $12,000 limit in 2 years from getting my first card - The trick was to ask for a limit higher than I'd need at, as getting a higher ceiling on my credit lowered my utilization %.
Just talk to the card company (or submit an increase request online) - By just paying off my large bill each month, I think that was enough for them to disregard my relatively low yearly income and give me the increase. If you're truly spending that much money per month, I would have to think that your spending history and income would be enough for an even greater increase.
Do you need a federal tax ID for a business if you want to open a business credit card? It's not *required on the tax form, just a social security #.
I'm looking at the Amex Business Gold....
I'm looking at the Amex Business Gold....
Amex Canada has a no-fee gold card with 2% cash back once you reach $5000 spending (0.5% until $2500, 1% until $5000). It's not listed on their website, but call them up and ask about it.
I use my countrywide cc, gives 2% cash back towards my mortgage payment. I would highly recommend it to anybody with a countrywide loan.
Starwood Credit Card - Get it and forget the rest
Get the starwood biz amex.
Change 20K points to 25K miles on MOST airlines
Reserve 4 nights on points, get the fifth night free.
I havent paid for a hotel in over 2 years.
Much better than cash back, flights, or whatever other BS they try and sell you on. I just hope Amex doesnt change this card, it's too good of a deal compared to the rest
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Get the starwood biz amex.
Change 20K points to 25K miles on MOST airlines
Reserve 4 nights on points, get the fifth night free.
I havent paid for a hotel in over 2 years.
Much better than cash back, flights, or whatever other BS they try and sell you on. I just hope Amex doesnt change this card, it's too good of a deal compared to the rest
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