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 also am 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?
Personal credit cards are issued to "Persons" and the person is the respondent.(Owes the money.) The business card is issued to a "Business" for the purpose of charging items related to or for that business..Normally business cards are fully paid on a monthly or quarterly basis and are never used for personal things. The respondent is the business (Although a person is normally required to sign for and guaranty the debt on behalf of the company.) If you are a small business, and have a business tax ID number and business license, there may be tax advantages to using a business credit card for payment of all your business related items..Easy way to keep track of your expenses, plus you will get a monthly or quarterly statement from the credit card company which is your receipt for monies spent for your business....Good Luck !
Reply:I too have a small business. One thing that is nice about a business credit card is that they send you quarterly reports with the expenses broken down into categories. It makes some accounting paperwork a lot easier. The fees tend to be about the same. My business account also gives nice cash back bonuses.
Reply:The fees and spending limits for one thing and business credit cards are usually associated with a business and not a given individual, but a business credit card will be tied to the business owner for credit purposes. Business Amex has an annual fee that must be paid and pretty high interest charges, so it's not a card for everyday use.
Reply:Personally, I would not want to mix business with personal. Technically, you can do it, but that is not the purpose. You could also mess up your record keeping for the biz. I hope that you are not doing it just to try to get rid of it %26amp; for credit problems. If so, you could be ruining your biz credit also, as it puts the burden on it %26amp; removes it from you.
Reply:You don't have a business (Unless you have employees)
Reply:I believe that a business credit card is offered thru your employer and can be unlimited depending on the business. The APR will depend on that business as are personal APR's. Best to call your personal credit card company and ask them. They'll know.
Reply:Obviiously some in this question dont know anything.





A business can have one single person (No employees except self).