Small Business Owners: Watch Out for Your Business Credit Card Charges

Posted by ivanpw under Raising Capital
From http://www.noobpreneur.com 5083 days ago

Using your business credit cards on regular basis, you might not be aware of the amount of credit card charges if you make a late payment or exceed your credit limits.

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Comments

Written by ShawnHessinger
5084 days ago

Great post, Ivan. Thanks so much for sharing. I guess I'm always tempted to think of credit and other similar draws on a business as further boundaries to profitability. This said, the idea isn't so much to avoid using credit at all, but to be sure you use it sparingly and (hopefully) on expenses that will help improve your bottom line.

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Written by ivanpw
5080 days ago

Shawn,

Well said - similar to other form of loans and line of credits, controlling usages and monitoring due dates closely are the keys in using credit cards, not only for business purposes but also for personal purposes.

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