What is the difference between personal credit cards and business credit cards?

I have a few personal credit cards and I want to consolidate them. I am also self-employed, but I dont' have a business credit card; although I get LOTS of ads for them in the mail. I've always wondered, what is the difference? Are there different rules or fees? Can you only use them for business purchases? Do you have to spend a certain amount to keep them?





Any advice appreciated...

What is the difference between personal credit cards and business credit cards?
Business credit cards allow to control business expenses and separate them from individual expenses. Consider some thing before you choose one:


1. Be sure to comparison shop the bank cards offered by Visa and MasterCard, American Express and Discover. Check interest rates, fees and grace periods for payment. Some bank cards partner with hotel chains and restaurants to offer you additional discounts.


2. Analise how you will use the card. If you travel often to meet clients, find a card that provides the most travel benefits and frequent flier miles - those cost-savings can really add up at the end of the year.Compare card programs offered directly by the airlines. Some let you redeem miles on any company while others have restrictions on which airline you can use it. (for example CitiBusiness Premier Pass let you choose any airline that is convenient to your business needs)


3. If you don't travel much but still need to entertain clients, you'll want a card that offers discounts to restaurants or gift merchandise as opposed to a card that mostly gives discounts on standard business supplies or computer equipment.


4. Check with companies like FedEx Kinkos, Staples to see which credit card companies they deal with.


Pay the card off in full each month to obtain the most benefit out of it. Interest charges can quickly add up and wipe out any cash back savings you might gain.


I hope it will help you...
Reply:The interest rate tends to be lower on a business credit card. There are usually no fees anyway (any credit card company that charges an annual fee is not a company you want to get a credit card from). For businesses, it is important to keep personal purchases separate from business purchases, for legal (alter-ego) reasons.
Reply:There is really no difference, just one says business, and the other say personal


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