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For business owners, understanding business vs. personal credit cards is key. It isn’t just a matter of using one credit card for your personal life and another for your business expenses. These are two different products that can have major economic and legal implications for your business.
That being said, it’s understandable if you have questions. Many of us do, including: Can you use your personal credit card for business purposes, or vice versa? What kind of protection or benefits does a business credit card offer? Why can’t you just use the same credit card for everything in your life?
Let’s break down the key differences between business and personal credit cards. We’ll discuss each type of card, what you typically … Read more