Home – New › Forums › Money matters › Using personal credit card for business expenses

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  • July 22, 2019 at 12:40 am #999639
    brownbag
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    We have our own business and I wonder if there are any issues using your personal credit card for business purposes. I don’t do it regularly, but for some large expenses, it makes sense to use the credit card to get rewards, then to reimburse myself from the company business account.

    Is there any major issue with this?

    July 23, 2019 at 12:15 am #1220591
    Paul – FS Concierge
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    Hopefully some helpful members will be along soon with some advice to point you in the right direction.

    Cheers

    July 24, 2019 at 6:03 am #1220592
    Dave Gillen – Former FS Concierge
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    Hi [USER=112769]@brownbag[/USER],

    In terms of accounting/tax I think you can use whatever account/card you like for expenses, but it may make your record-keeping more complex if personal and business expenses are both coming from the same account.

    The only issue may be with the points. If it’s a personal credit card, the T&Cs might have something against earning points on business expenses. I don’t know the answer but that’s something you could look for.

    Dave

    Dave Gillen | LinkedIn
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